Tag Archives: hike

Business as usual at Dubai Mall as shoppers shrug off VAT hike

Related Articles DUBAI: It was business as usual at Dubai Mall on Monday as consumers shrugged off the introduction of value added tax (VAT) to indulge in one of the UAE’s favorite pastimes: Holiday mall shopping and relaxing.The mall, which ...

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Insurance hike expected for Dubai high-rises after fires

LONDON: The cost of insuring high rises in Dubai is expected to rise following a number of building fires in the emirate, including the Torch Tower in the Marina area, which caught alight in August for the second time in ...

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UK rate ‘hike won’t deter Middle Eastern investors’

LONDON: Middle Eastern investors won’t be deterred from investing in the UK after the Bank of England raised interest rates to 0.5 percent on Thursday, the first increase for 10 years, according to Savills, the upmarket British property agency.And there ...

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Italy's Renzi pledges to hike budget deficit if he wins election

ROME (Reuters) – Former Prime Minister Matteo Renzi said on Thursday that if he wins next year’s election he will slash taxes and sharply raise Italy’s budget deficit rather than lower it as European Union rules require. “We’ll take the ...

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Turkey extends corporation tax hike to all companies

ANKARA: A Turkish parliamentary commission agreed on Friday to extend a planned 2 percentage point tax rise to all corporations instead of just financial institutions.Friday’s proposal was one of several changes to tax plans which aim to address a public ...

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Dubai Airbnb units see 400% revenue hike, says report

Airbnb has seen dramatic growth in Dubai since its launch in the emirate in 2015, with a 421 percent rise in revenues recorded from properties listed on the platform, it has been claimed. A report by Chestertons MENA (Middle East ...

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Bombardier hit by 300% hike in duties after Boeing complaint

WASHINGTON: The US Commerce Department has notched up proposed trade duties on Bombardier CSeries jets to nearly 300 percent, affirming Boeing’s complaint that the Canadian company received illegal subsidies and dumped the planes at “absurdly low” prices.The decision underscored the ...

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