Business & Management

Daimler to sever links with Iran

Dieter Zetsche

DAIMLER IS TO divest its 30 per cent stake in an engine company in Iran as part of a wider review of links to the country. The German carmaker's chief executive, Dieter Zetsche, said Tehran's political policies were behind the move.

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Islamic finance needs tighter regulation

Islamic finance has emerged relatively unscathed from the global economic crisis but there is a need for tighter regulations and higher standards.

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2011 to see recruitment opportunities surge

Good opportunities await those looking for employment avenues in local and multinational companies across the region beginning from next year, according to experts at recruitment firms in the UAE.

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Integrated VAT regime may be delayed until 2013

A GCC-WIDE implementation of value-added tax could be delayed to mid-2013 as administrations are unprepared for such a shift and an official decision is yet to be taken, an expert in Dubai said recently.

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New law to set guidelines for establishing SMEs

A new federal law on small and medium enterprises (SMEs) to be introduced by the end of June will outline the definition of SMEs, procedures of establishing SMEs and their capital requirements, a senior official of the Khalifa Fund said recently.

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