Companies and consumers in the UAE will not be taxed on payments listed in their business and legal contracts, such as a speeding ticket or a late-delivery fine, unless these payments are related to the supply of goods and services, according to the Federal Tax Authority.

Payments that are specified in business contracts between companies to compensate for loss, negligence or other errors are not subject to VAT unless they are related to the supply"...

RAMALLAH, Sunday, October 14, 2018 (WAFA) – The overall consumer price index (CPI) for Palestine during September 2018 slightly decreased by 0.07% compared with August 2018, according to the Palestinian Central Bureau of Statistics (PCBS).

CPI decreased by 0.09% in the West Bank, while it increased by 0.78% in the Gaza Strip, and by 0.10% in Jerusalem.

The Palestinian"...

NABLUS, October 14, 2018 (WAFA) – The 'Al-Quds Index' of the Palestine Exchange closed Sunday trading at 527.89 points, up by 1.31 points (0.25%) compared to the last trading session, according to PEX daily report.

A Total of 75,881 shares were traded with a value of $140,172.089 executed during 54 transactions.

Shares of 13 companies were traded. Share price"...

The American University of Ras Al Khaimah (AURAK) hosted their 7th Commencement Ceremony in the presence of Ras Al Khaimah’s Crown Prince, Sheikh Mohammed bin Saud bin Saqr Al Qasimi, and Her Excellency Sheikha Lubna Bint Khalid Al Qasimi.

The evening commenced with the arrival of Sheikh Mohammed bin Saud bin Saqr Al Qasimi and the recitation of the Holy Quran by Mr. Masood Hafiz Abdus Sakur.

In a press conference held in Dubai, HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) announced details of the 20th Water, Energy, Technology, and Environment Exhibition (WETEX 2018) and the 3rd Dubai Solar Show. DEWA organises the two exhibitions at the Dubai International Convention and Exhibition Centre from 23 to 25 October 2018. WETEX 2018, under the theme ‘At the forefront of sustainability,’"...

JPMorgan Chase Bank, N.A. (the “Offeror”) today announces an offer to purchase (the “Offer”) to holders (the “Bondholders”) of its USD 350,000,000 zero coupon cash settled exchangeable bonds due 2021 (XS1748457352), of which USD 350,000,000 in aggregate principal amount is currently outstanding (the “Bonds”) on the terms described in this Press Release.

The Offeror is offering to purchase any and all"...

Last month, over 200 business founders/owners from across Africa and India gathered in Nairobi, Kenya, for the inaugural Seed Transformation Network Global Summit. Each business leader in attendance completed the Seed Transformation Program, a one-year certificate program delivered by Stanford University through Stanford Graduate School of Business.

The inaugural event provided an opportunity for some of the most promising business leaders in Africa"...

As one of the three export commodities fairs initiated by China's Ministry of Commerce, the 24th China Yiwu International Commodities (Standardization) Fair (“Yiwu Fair”), will be held in Yiwu, Zhejiang Province on October 21-25, 2018. Yiwu Fair is also the largest and most influential daily necessities exhibition in China. This year, the Fair offers over 4,000 booths and will feature standardization and cross-border trade, with an estimation of 200,000 visitors.

In"...

Today, BAI announced the 2018 Global Innovation Awards Outstanding Achievement and People’s Choice Award winners. Winners of these special categories were announced live during BAI Beacon in Orlando, Fla.

The BAI Global Innovation Awards recognize industry leaders and showcase what leading financial services innovators in all regions of the world are doing to deliver new value to customers and employees as well as improve efficiencies and"...