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.
ADCB successfully completes AED6.1 billion rights issue
Abu Dhabi Commercial Bank PJSC (ADCB) on Wednesday announced the successful completion of its AED6.1 billion rights issue, following the close of the subscription period on December 4.
UAE, Russia to strengthen economic ties
The United Arab Emirates and Russia have reaffirmed their commitment to deepening economic cooperation during a high-level meeting in Dubai.
Dubai Duty Free hits AED8 billion retail landmark
Dubai Duty Free reached an historic milestone on Tuesday when the airport retailer passed AED8 billion in annual sales for the first time in its 42-year history.
UAE and Ireland boost cooperation in tourism and the new economy
The UAE and Ireland are set to deepen economic and tourism collaboration following high-level talks in Dubai between Abdulla bin Touq Al Marri, Minister of Economy and Tourism, and Ireland’s Minister for Enterprise, Tourism and Employment, Peter Burke.
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