BMW and Mercedes-Benz have lowered their prices in China.
It comes after the country's government announced it will reduce value-added tax (VAT) from April 1.
The German car manufacturer published posts on Chinese social media announcing an immediate reduction in price for several models.
The BMW 3, BMW 5, BMW X5 and BMW 7 series will all be cheaper now as will the BMW 320Li M model.
Abu Dhabi partners with Boehringer Ingelheim to advance precision medicine
The Department of Health - Abu Dhabi has signed a strategic partnership with global biopharmaceutical company Boehringer Ingelheim to accelerate research into precision medicine using the emirate's advanced genomics capabilities.
H.H. Sheikh Ahmed approves launch of business media platform
Dubai’s media strategy is entering a new phase, with a stronger focus on competitiveness, innovation and strengthening the emirate’s position as a global hub for content creation and business media.
Saudi Aramco resumes oil loading at Ras Tanura after 4-month halt
Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.
Summer Davos ends with call to boost innovation and growth
Global leaders have called for greater investment in innovation, skills and technology to drive economic growth as the World Economic Forum's Annual Meeting of the New Champions concluded in Dalian, China.
ADNOC and partners to develop mega gas project
Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.
The UAE's National Emergency, Crisis and Disaster Management Authority (NCEMA) says a technical issue in the early warning system has been resolved after it led to the sending of incorrect alert messages.
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has held a phone call with Iran's Foreign Minister Abbas Araghchi to discuss the latest regional developments.
Minister of State, Lana Nusseibeh, has underlined that "Gulf consultation, inclusion and participation is a necessary condition" in Iran peace talks during a Joint Ministerial Meeting of the GCC and the US in Bahrain.
