Dubai International Financial Centre (DIFC) is hoping to host 100 Indian companies in the free zone by 2024. That’s a five-fold increase on the 20 Indian firms registered at present. The move follows the August visit by Indian Prime Minister Narendra Modi to the UAE to increase bilateral trade with the country by 60% over the next five years. Over 40,000 companies in the UAE have been set up by non-resident Indians who contribute to an estimated $55 billion in investments.
Trump signs order to bring lower Japanese auto tariffs into effect
US President Donald Trump signed an order on Thursday to implement lower tariffs on Japanese automobile imports and other products that were announced in July, providing some relief to Japan's export-heavy economy.
Dubai Holding Asset Management launches 'Dubai Retail' as unified brand
Dubai Holding Asset Management (DHAM) has announced 'Dubai Retail' as the unified brand for more than 40 shopping and lifestyle destinations under its umbrella.
Google services face disruptions in Turkey, parts of Europe
Some Google services including YouTube temporarily went down on Thursday in Turkey and some parts of Europe including Greece and Germany, according to a Turkish deputy minister, internet monitors and users in the regions.
India cuts consumption tax to spur domestic demand
Indian Finance Minister Nirmala Sitharaman has announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand in the face of economic headwinds from US tariffs.
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