Authorities in India are taking steps to encourage more people to use environment-friendly cars.
They've reduced the goods and services tax (GST) on electric vehicles and chargers.
According to India's finance ministry, taxes on electric cars and their chargers are now just 5 per cent instead of 12 per cent and 18 per cent respectively.
India wants electric vehicles to make up 30 per cent of all passenger vehicle sales in the country by 2030.
UAE, Uzbekistan sign digital infrastructure deal
The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.
TECOM Group profit increases 15% on record high occupancy levels
Dubai's TECOM Group has announced a 15 per cent year-on year (YoY) growth in net profit to AED 293 million for the three month period ended March 31, 2024.
Sony and Apollo submit $26 billion Paramount offer, WSJ reports
Sony Pictures Entertainment (SPE) and Apollo Global Management APO.N have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported.
UAE, Iran expand cooperation in additional sectors
The UAE and Iran have explored ways to expand economic cooperation in sectors such as tourism, transport, entrepreneurship and renewable energy.
Former Binance chief guilty of money laundering
Changpeng Zhao, the former chief executive of Binance has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai said that the decision to unify the Armed Forces on May 6 1976, was a pivotal moment in the history of the UAE as the nation celebrates its 48th Armed Forces Unification Day.
Four Dubai Metro stations remain closed following extreme weather conditions the Roads and Transport Authority (RTA) has confirmed. Passengers are being urged to check for regular updates to the public transport network.
Ajman witnessed a seven per cent increase in tourism revenue in the first quarter of 2024, driven by a three per cent rise in occupancy rates and a nine per cent growth in visitor numbers compared to the same period in 2023.
