News

Federal Tax Authority Clarifies Change in Tax Period

The Federal Tax Authority (FTA) has clarified through Decision No. 5 of 2023 the rules for changing the tax period for corporate income tax purposes. The Decision provides that...

India’s Emergence as a Global Electronics Manufacturing Hub

India, today, is a major player in the global electronics manufacturing industry. The country is rapidly becoming an electronics manufacturing hub, with the sector expected to rise to $...

Dubai welcomes 4.67 million overnight visitors in the first quarter of 2023

Dubai welcomed 4.67 million international overnight visitors in the first quarter of 2023, compared to 3.97 million tourists during the same period in 2022. This marks a 17 %...

HMRC launches the Advance Valuation Ruling Service to make importing easier for UK traders

HMRC launches the Advance Valuation Ruling Service to give importers legal certainty that their chosen customs valuation method is correct. Hundreds of thousands of UK traders are set to...

Unity in Diversity: India and Italy’s Strong Friendship

Italy and India may seem like two vastly different worlds, but they share a strong bond of friendship that has spanned over two millennia. The two nations have celebrated...

Highlights of the performance of the Indian companies with FDI in 2021-22

The Reserve Bank of India issued information about the FDI companies' financial performance in India during the years 2021–2022. Based on the annual audited financial statements of 2,206 FDI...

China to further shorten negative list for foreign investment

China will appropriately shorten the negative list for foreign investment, as part of efforts to promote high-level opening up. Efforts have been made to evaluate the effect of the...

Dubai’s real estate sector sees transactions worth AED157 billion in the first quarter of 2023

Dubai’s real estate sector sees transactions worth AED157 billion in the first quarter of 2023, an 80% rise from Q1 2022 Maktoum bin Mohammed: Outstanding performance of Dubai’s economic...

Districts in Shanghai Encouraged to Reward Firstly Recognized High-tech Firms

The General Office of the Shanghai Municipal People's Government released on April 19, 2023 the Several Guidelines on Further Delegating Power to Boost Science and Technology Innovation, which will...

India’s Strategic Lithium Reserves and the Future of Clean Energy

Lithium is a critical component used in the production of batteries for electric vehicles, cell phones, computers, and other gadgets. With its use case spanning the domains of defence,...