Apple’s Chief Executive said an EU ruling ordering the tech giant to pay billions in taxes to Ireland was ‘maddening’. Tim Cook said a decision ordering Apple to pay huge tax bill was politically motivated, and that the calculations were picked from ‘I don’t know where’. In reaction to Cook’s comments, European Competition Commissioner Margrethe Vestager said the demand for a 13 billion Euro (AED 53 billion) back tax payment was based on facts. France joined Germany in backing Brussels’ move, while Washington sided with the iPhone maker, accusing the EU of grabbing tax that should be paid to the US government.

Emirates to operate largest Starlink-enabled fleet
Emirates orders 65 more Boeing 777-9 jets at Dubai Airshow
Hyundai Motor to invest $86 billion in South Korea after US trade deal
Aster secures AED265 million funding to build two hospitals in Dubai
DIFC joins 4th edition of 1 Billion Followers Summit as Gold Partner
