UAE corporate tax: Are investment and real estate funds exempt?

UAE corporate tax: Are investment and real estate funds exempt?

Every profession has its own distinct lexicon, or language, which mitigates any potential misunderstandings.Furthermore, it serves as a barrier to entry and maintains remuneration in line with the level of difficulty inherent in onboarding.Corporate tax exemplifies such a community. Today, we are going to delve into one of its niche domains: investment funds and their … Read more

‘Brand-new’ 50-year-old cars decaying in buffer zone (Video)

‘Brand-new’ 50-year-old cars decaying in buffer zone (Video)

Just 39 miles on the clock, trashed cars remain in limbo Eight-year-old Dickran Ouzounian treasured visiting his father Stefan’s garage, located a few metres from the bustling Ledra street, to admire the latest Toyota cars.He was fascinated by the brand-new, gleaming Corollas, Coronas, Crowns and Celicas. Now, 50 years later, as the CEO of the … Read more

MADSEN: Cut corporate income taxes massively to increase growth, prosperity

MADSEN: Cut corporate income taxes massively to increase growth, prosperity

Breadcrumb Trail Links Opinion Columnists Published Jun 07, 2024  •  Last updated 8 hours ago  •  2 minute read Photo by file /Getty Images Article content The federal Liberal government’s current budget proposal budget proposal to increase the inclusion rate for capital gains tax was met with justifiable criticism and opposition — primarily from business groups. … Read more

Outrage mounts as Hochul pushes last-minute NYC tax hike to replace congestion tolls: ‘Insulting joke’

Outrage mounts as Hochul pushes last-minute NYC tax hike to replace congestion tolls: ‘Insulting joke’

Gov. Kathy Hochul is pushing a New York City tax hike to replace the $15 congestion pricing tolls she indefinitely postponed — a last-minute funding Hail Mary that drew fierce opposition Thursday. Lawmakers and business groups slammed the prospect of a tax increase, especially after Hochul scuttled congestion pricing Wednesday because it would “break the … Read more

Firefighters battling two blazes in Nicosia district

Firefighters battling two blazes in Nicosia district

Two fires broke out in the Nicosia district on Monday afternoon. One fire started in the community of Gourri at 2pm, while the second fire broke out at the Xyliatos dam at 3pm. Firefighting forces, helicopters, and aircraft from various agencies are working to extinguish the blazes.

Toyota showcases compact engines adaptable to different fuels

Toyota showcases compact engines adaptable to different fuels

Toyota has showcased next-generation engines at a media event with Subaru and Mazda, including 1.5 litre and 2.0 litre engines with reduced volume and height. The three companies aim to optimize integration with motors, batteries, and other electric drive units. The new engines will be compatible with alternative fuel sources such as e-fuels and biofuels. Toyota’s new 1.5 litre engine will achieve a 10% reduction in volume and weight compared to existing engines, while the new 2.0-litre turbo engine will have similar gains. Toyota is following a “multi-pathway” approach to carbon neutrality, with nearly two-fifths of its vehicles sold in January-March being petrol-electric hybrids. EVs are expected to reach a global market share of 30%, with hybrids, hydrogen fuel-cell, and fuel-burning vehicles making up the rest.

Arson suspected in Limassol fires

Arson suspected in Limassol fires

Two fires in Limassol, one near Agios Silas and the other in Agios Therapon, are believed to have been deliberately set according to Nikos Logginos, Chief Firefighter. Arson is suspected in both incidents, with Logginos stating that the fires were intentionally started to cause destruction. Firefighting efforts were challenged by rugged terrain and strong winds, but firefighters were able to protect homes and prevent the fire from spreading towards Palodia. Forces will remain in the area to address any potential flare-ups in the coming days.

Agios Sylas fire front improving, authorities say [PHOTOS+VIDEO]

Agios Sylas fire front improving, authorities say [PHOTOS+VIDEO]

A fire broke out in the Agios Sylas area of Limassol, prompting a large operation by the Fire Service and other services to contain it. Efforts are ongoing for complete containment, with the situation having significantly improved. Civil Defence evacuated residences, businesses, and livestock farms in the Polemidia area. Three aircraft and multiple firefighting teams were deployed to combat the blaze, with ground forces creating firebreaks despite strong winds. The Minister of Justice and Public Order oversaw operations at the forward command centre, and the Limassol-Troodos Road has been reopened. Drivers are urged to exercise caution in the area.

Multiple fires erupt in Limassol [PHOTOS]

Multiple fires erupt in Limassol [PHOTOS]

Firefighters in Limassol battled two separate blazes on Friday afternoon, one in Agios Sylas and the other in Choirokitia. The larger fire required four engines and three aircraft to combat, while strong winds hindered containment efforts. Ten fire engines from various districts, along with additional specialized vehicles and firefighting teams, responded to the emergencies.