BMW and Mercedes-Benz have lowered their prices in China.
It comes after the country's government announced it will reduce value-added tax (VAT) from April 1.
The German car manufacturer published posts on Chinese social media announcing an immediate reduction in price for several models.
The BMW 3, BMW 5, BMW X5 and BMW 7 series will all be cheaper now as will the BMW 320Li M model.
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.
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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).
All terminals at Jebel Ali port operating normally: DP World
Dubai's DP World has announced that all terminals at Jebel Ali port are operating normally, adding that it is continuously monitoring developments in close coordination with relevant authorities.
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