The European Commission has ruled that Ireland must recover up to AED 52 billion in back taxes from Apple. After a three year long investigation they concluded that the US firm’s tax benefits were illegal. The Commission said Apple was coughing up substantially less than other businesses, in effect paying a corporate tax rate of 1%. Ireland has responded saying they profoundly disagree with the ruling.
China says US talks vital as Trump targets Beijing's key partners
U.S.-China dialogue is vital to preventing globally damaging miscalculations, China's top diplomat said on Sunday, ahead of a highly anticipated summit this month between leaders Xi Jinping and Donald Trump.
Awqaf Abu Dhabi, LuLu Group launch AED100m projects for orphans
Abu Dhabi’s Endowments and Minors’ Funds Authority has signed an agreement with LuLu Group International to develop commercial projects worth AED100 million, with the returns aimed at supporting orphans in the UAE.
Alabbar shares he has 'no concerns' on UAE property market
Emirati businessman Mohamed Alabbar has stated that he has "no concerns" about the property market in the UAE amidst the ongoing regional developments.
UAE banking sector continues to operate without disruptions: CBUAE Governor
Banks, financial institutions and insurance companies across the UAE continue to operating normally, without disruptions, confirmed Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE).
