News

UAE Real Estate Developers ALDAR, Sorouh Eye State-backed Merger

Abu Dhabi's Aldar Properties, rescued twice by the government with bailouts totaling $10 billion amid a property slump, may merge with local rival Sorouh Real Estate in a state-backed tie-up, the two firms said on Sunday.

Why U.S Taxes Should be Raised [CHARTS]

The most fundamental reason why taxes should be raised is that the U.S. government needs more money.

Jet Airways: Tax Dept Issues Notice on Unpaid Dues, Threatens to Freeze Bank Accounts

Jet Airways could get into trouble like the debt-ridden Kingfisher Airlines, as the service tax department has served a notice to the Airlines to pay the dues or face similar consequences like that of the Kingfisher.