The UAE Federal Tax Authority is enacting tighter VAT regulations effective October 1. Tax authorities now hold the power to deny VAT refund claims if transactions are linked to tax evasion across the supply chain under a 'should have known' standard.
Chinese autonomous-driving company Momenta is preparing to introduce robotaxis in Dubai in 2027 as part of an international rollout. The Mercedes-Benz-backed firm aims to expand its operating fleet from just over 100 vehicles to several thousand by the end of 2027. Momenta is already conducting autonomous vehicle testing in Abu Dhabi, Munich, and five Chinese cities.
China and the United States have published reciprocal tariff exemption schedules covering approximately $30 billion worth of goods in each direction following September trade talks. The combined $60 billion in trade covered under the arrangement directly impacts Gulf shipping and logistics supply chains. Approximately 90 percent of the covered goods will transition to most favoured nation tariff rates.
China and the United States have published reciprocal tariff exemption lists covering approximately $30 billion of goods in each direction. The arrangement spans about $60 billion in combined trade and directly affects Gulf shipping and logistics networks.
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