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Thomson Reuters has launched ONESOURCE Pagero E-Invoicing in partnership with SpendConsole to serve enterprises across the UAE and GCC. The integrated platform connects accounts payable workflows and automated tax compliance under sovereign cloud deployment. The move aligns with the UAE Ministry of Finance's regulatory framework for electronic invoicing and Corporate Tax.
Kazakhstan's Prime Minister Olzhas Bektenov reviewed major international projects, including UAE-based Masdar's wind farm and China Energy's renewable facilities, at the KGIR-2026 investment forum in Shymkent. The gathering brought together over 500 investors and business representatives from more than 40 countries. Bektenov noted that Kazakhstan's GDP surpassed $300 billion last year and the country has attracted nearly $500 billion in foreign direct investment since independence.
Dubai's real gross domestic product contracted 2.3% year on year in the first half of 2026 to approximately AED 473 billion, official statistics show. The decline was led by drops in wholesale and retail trade as well as transport and storage, while financial services and healthcare posted gains. Oxford Economics projected that a complete recovery in tourism and logistics will depend on shipping and aviation normalising next year.
Hermès International SCA reported slowing third-quarter sales as revenue flatlined in its key market region including China, missing analyst expectations. The luxury sector's anticipated recovery has been hampered by domestic headwinds in China alongside conflict in the Middle East that disrupted shopping hubs such as Dubai. Hermès shares fell as much as 9% in Paris, marking a 41% decline year-to-date.
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