GCC’s takaful outlook positive on strong underwriting profitability

January 8, 2018 8:28 am0 comments
GCC’s takaful outlook positive on strong underwriting profitability

Takaful insurers’ improved profitability is largely driven by an increase in prices triggered by regulatory changes January-8: Dubai The Islamic insurance (Takaful) industry in the GCC is expected to gain in terms of strong underwriting profitability, thanks to regulatory changes in some countries that have pushed up insurance prices, improving […]

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Google loses nearly 250 employee bicycles a week: Report

8:23 am0 comments
Google loses nearly 250 employee bicycles a week: Report

Google maintains roughly 1,100 free two-wheelers for its employees to get around its sprawling campus January-8: Technology giant Google loses between 100 and 250 of its colourful employee bicycles a week from its campus, the media reported. Google maintains roughly 1,100 free two-wheelers with yellow frames, red baskets and green […]

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VAT and higher prices suck glitter out of gold

8:18 am0 comments
VAT and higher prices suck glitter out of gold

But UAE’s gold shoppers might have already done all of their buying in December itself January-8: DUBAI All the glitter has gone out of the UAE’s gold and jewellery sales since the start of the year, with leading retailers confirming sales declines — in volume terms — by more than […]

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UAE jewellers absorb VAT on diamond jewellery

January 5, 2018 7:51 am0 comments
UAE jewellers absorb VAT on diamond jewellery

This way they hope that shoppers will not abandon the sparklers for gold Dubai, Jan 05 – Putting off your diamond jewellery purchase because of value-added tax (VAT)? Don’t, as more of UAE’s jewellers are willing to absorb the VAT component on diamonds. Jewellery retailers are doing everything in their power […]

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US SEC warns bitcoin, cryptocurrency investors at risk

7:49 am0 comments
US SEC warns bitcoin, cryptocurrency investors at risk

Cautions state and federal regulators may not be able to recoup any lost investments from illegal actors WASHINGTON, Jan 05 – The US Securities and Exchange Commission warned Thursday that investors should “exercise caution” with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any lost […]

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Italian president calls for ‘realistic’ proposals ahead of election

January 2, 2018 7:52 am0 comments
Italian president calls for ‘realistic’ proposals ahead of election

Italy’s economy, the eurozone’s third-biggest, probably grew this year at its fastest rate since 2010   January-1: ROME – President Sergio Mattarella on Sunday urged political parties to make realistic proposals to tackle Italy’s problems, especially joblessness, ahead of an election in March. Although the presidency is largely ceremonial, Mattarella […]

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