If you use Facebook ads for your business, it's now going to cost you a little more.
In an email, the social media giant announced that a 5 per cent Value Added Tax (VAT) will be levied on online promotions targeted at UAE audience.
Additionally, business owners can claim their VAT refund once their Tax Registration Number (TRN) is updated on Facebook.
Australia moves to double fines for fuel gouging amid shortages
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Gulf stocks mixed amid confusion over US-Iran talks
Gulf markets ended mixed on Tuesday, with Qatar extending losses while other bourses steadied as investors parsed conflicting signals on potential US-Iran talks.
Australia, EU seal long-awaited trade deal
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
Weaponising Strait of Hormuz is an act of economic terrorism: Sultan Al Jaber
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.
IEA consulting with governments on further oil stock releases, chief Birol says
The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
