Workers are feeling the pinch when they sip their daily cup of chai and are quickly learning that bulk and weekly grocery shopping will offset the VAT charge instead of purchasing small items from shops.
Since Value Added Tax was introduced to the UAE on January 1, many supermarkets have been rounding up prices due to a lack of smallRead more
Port Said Security Chief Zaki Salah stressed that all needed security measures would be taken to confront monopoly and ensure that staple commodities at suitable prices.
The measures are meant to assuage the suffering of the low-income strata and quash attempts to cause public turmoil.
During a meeting on Monday with Salah, Chairman of the Port Said chamber of commerceRead more
Business activity in China's non-manufacturing sector expanded at slower pace in April, official data showed on Sunday.
The purchasing managers' index (PMI) for the non-manufacturing sector stood at 53.5 in April, down from 53.8 in March and well above the 50 mark that separates expansion and contraction, according to a report released jointly by the National Bureau of Statistics (NBS)Read more
China's manufacturing activity expanded for the second month in a row in April but at a slower pace, official data showed on Sunday.
The purchasing managers' index (PMI) came in at 50.1 in April, slightly down from March's 50.2 and below market expectations of 50.3, according to a report jointly released by the National Bureau of Statistics (NBS) and theRead more