Labourers at a flyover project in Ahmedabad, India. Reuters
Indian economy is likely to swell to $5 trillion mark ahead of its target of 2024 despite huge challenges and global trends. This was stated by T.N. Manoharan, non-executive chairman of India’s Canara Bank recently in Dubai,
Adding to the persisting concerns of a weakening economy, an IHS Markit report said that business sentiment in the country in June fell to the lowest level since 2016 as companies are worried over a subdued economy, government policies, regulation and water shortages.
India’s government forecast on Thursday that economic growth could get back up to 7% per cent this year, but cautioned it will face challenges keeping its fiscal deficit in check.
The Federal Tax Authority (FTA) has called on all businesses registered for Excise Tax to comply with the minimum price that has been fixed for tobacco products and update it in the Authority’s system,
European shares eked out small gains on Tuesday as talk of progress in China-US trade talks was offset by mixed corporate earnings, while sterling held below $1.30 ahead of another crucial Brexit vote.
Dubai has organised the International Desalination Association (IDA) World Congress 2019 under the patronage of Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa).
Etihad Airways, the UAE’s national airline, and Saudia, the national flag carrier of Saudi Arabia, have marked the first anniversary of their commercial partnership by announcing 12 new codeshare routes to key destinations in Asia and Europe.