Author: Steven Sahiounie

Ministers from across the globe are convening at the World Trade Organization (WTO) Ministerial Conference in Abu Dhabi from Feb. 26-29 to try to set new rules for global commerce, including reforming its dispute system and cutting fishing subsidies. Expectations for the biennial meeting are modest amid growing disregard for trade rules as the nearly 30-year-old body grapples with global geopolitical tensions and the risk of world trade breaking up.

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The Ministry of Finance today announced the issuance of Cabinet Decision No. 10 of 2024, amending the schedule of violations and administrative penalties of Cabinet Decision No. 75 of 2023 on the administrative penalties for violations related to the application of Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses.

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Over half of British exporters and manufacturers have faced problems due to shipping disruptions in the Red Sea caused by attacks on vessels by Yemen’s Houthi rebels, according to a new survey by the British Chambers of Commerce (BCC).

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The token rose as far as $57,036 in early Asian trading, its highest level since November 2021, having recovered from a tumble below $40,000 in the initial days following the opening of US-based spot Bitcoin exchange-traded funds (ETFs) in early January. Later in the day, it pulled back slightly to trade at $56,325 as of 08:30 GMT, still up more than 9% over the past 24 hours.

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