Vistros International Group of Companies

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Business News
  • Japan will make preparations for Jan trade deal with US
    by Reuters on December 5, 2019 at 12:24 pm

    TOKYO: Prime Minister Shinzo Abe said on Thursday that Japan would make necessary preparations for a trade deal with the United States to come into effect in January. Japan’s upper house of parliament on Wednesday approved the deal, which cuts tariffs on US farm goods and Japanese machine tools. The lower house endorsed it last month. President Donald Trump is expected to sign the […]

  • Inflation pushes India central bank to keep rates on hold
    by AFP on December 5, 2019 at 12:01 pm

    MUMBAI: High inflation prevented India’s central bank from cutting rates for a sixth time on Thursday, while it slashed its annual growth forecast as the government struggles to jump-start the economy. The news will deal a blow to Prime Minister Narendra Modi, who is coming under pressure seven months into his second term to tackle unemployment, which is sitting at a four-decade high. The […]

  • Jacky Panjabi: Billionaire Indian businessman in UAE, owner of Jacky's Electronics, turned his life around after being fired from a job
    by Anjana Kumar on December 5, 2019 at 7:33 am

    Dubai: Jacky’s Electronics is a household name in the UAE. Not an easy feat in any which way to achieve, especially when your chips are down. Meet Jacky Panjabi, who beat all odds and rose up like a phoenix, when he was fired from his job as an assistant at a tailor shop in Hong Kong. SUCCESS STORIES Rs5 to Dh300 million: Expat Ram Buxani's Dubai story Joy Alukkas, the man with the […]

  • Excise tax rates in the UAE: What you need to know about sugary drinks, cigarettes and other products
    by Tawfiq Nasrallah, Staff Reporter on December 5, 2019 at 7:30 am

    Dubai: “When I bought cigarettes today, I paid the same as I always do, and I bought them from a legit place, not a corner grocery” a fellow Gulf News employee told me this morning. “All the cheaper variants, specifically locally produced cigarettes weren’t even on the shelf, but I know they have increased to over Dh10 when they used to be around Dh7 or so.” […]

  • KBW Ventures puts money in pet food
    by Staff Report on December 5, 2019 at 4:51 am

    Dubai: In a slight departure from its more traditional allocations, Saudi Arabia’s KBW Ventures has participated in a $1.2 million seed funding of a US based pet food business. KBW, incidentally, has a major presence in the UAE real estate landscape through a sister company, which is an equal shareholder in the Sharjah-based developer Arada. KBW’s latest funding is in Bond Pet Foods […]