UAE issues fines for VAT violation. Karti Chidambaram arrested by the CBI. Kushner security clearance downgraded.Karachi Kings defeats Lahore Qalandars. Kevin Spacey Foundation shuts down in the U.K. Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/gntv
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00:00The UAE Ministry of Economy has issued 164 fines ranging from 1000 to 10,000 dirhams
00:17in the last two months for manipulating the value-added tax and increasing prices.
00:22Sultan bin Saeed Al-Mansuri, Minister of Economy, told the Federal National Council that the
00:28authorities also shut down some businesses for grave violations.
00:33The minister said prices in February had stabilised more than in January and things will get better
00:40in future.
00:41Karthi Chidambaram, son of former Indian Finance Minister P. Chidambaram, was arrested by the
00:47CBI in Chennai this morning.
00:49The arrest is in connection with the agency's ongoing investigation into the INX media case.
00:56Chidambaram allegedly received Rs 35 million from the Mumbai-based company for helping
01:02it get a foreign trade clearance.
01:05The security clearance of White House senior adviser and presidential son-in-law Jared
01:10Kushner has been downgraded.
01:12The move significantly reduces his access to classified information.
01:17The news has set off rampant speculation among Trump allies that Kushner's days in the White
01:22House might be numbered.
01:25In the final game in Dubai before the Pakistan Super League moves to Sharjah, Karachi Kings
01:30defeated Lahore Kalandars by 27 runs thanks to Ravi Bhopara's unbeaten 50.
01:37The Kevin Spacey Foundation UK has decided to shut down because of the multiple allegations
01:43of sexual harassment against the Academy Award-winning actor.
01:47The foundation said its trustees have concluded that the work of the foundation is no longer
01:53viable.
01:54The foundation helped identify young artists and provide them with training and resources
02:00as they developed careers.
02:02And finally, the weather.
02:03Today's high across the UAE will be 28 degrees Celsius, dropping to 21 degrees at night.