The tax office said any income tax that has already been collected from sellers under the scheme will be refunded.
UAE extends corporate tax relief for small businesses until 2029
The decision forms part of the ministry’s ongoing efforts to support small businesses and start-ups, and strengthen the business environment …
Houthis Attack Saudi-Backed Forces in Yemen, Escalating Tensions
The Houthi militant group said it conducted a “large-scale” attack against forces from Yemen’s Saudi-backed government, raising concerns over a broadening of the US-Israeli war on Iran into a …
Tether’s Saudi Arabia Play: From Stablecoin Issuer to Asset-Platform Operator
The market remains fixated on the $183.4 billion circulating in USDT, yet Tether is quietly reorienting its core business model from a pure stablecoin issuer toward a diversified asset-tokenization …
Thailand to cut excise tax for car production, minister says
BANGKOK, Aug 7 (Reuters) – Thailand plans to cut excise tax rates for automakers that establish production facilities in the country to encourage greater use of locally sourced parts and raw materials …
Market strategist James Thorne says Iran ‘isn’t the prize’—Trump’s real contest is with China
James Thorne, Chief Market Strategist at Wellington Altus, said President Donald Trump‘s administration’s strategy in Iran is being widely misunderstood, describing the conflict as part of a broader …
Philippines’ debt burden balloons to pre-Asian Financial Crisis levels at 66% in H1 2026
The Philippines concluded the first half of 2026 with a debt burden ballooning to a level last seen before the 1997 Asian Financial Crisis amid a record-high sovereign debt coupled with weaker …
Bangladesh seeks to unlock global climate finance through literacy, investment-ready projects
Dhaka, Aug. 7 — Bangladesh is intensifying efforts to unlock global climate finance by improving climate literacy, developing investment-ready projects and strengthening partnerships with …
BIG shock for Pakistan: China may exit Saindak Gold and Copper mine major project in Balochistan amid rising security concerns; all you need to know
Former Pakistan Finance Minister Hafeez Pasha has warned that China may withdraw from the Saindak Copper-Gold Mine in Balochistan due to worsening security and terrorism.
Global market: Japan reveals record $40 billion yen-buying intervention as currency pressure persists
Japan carried out its largest-ever single-day currency intervention, deploying nearly $40 billion to support the yen amid sharp depreciation. Detailed data from the Ministry of Finance showed …