DUBAI / WAM DP World has launched cutting-edge online logistics tools and services, covering sea, land and air shipping around the world. According to a press statement, the connected ecosystem of platforms will enable freight forwarders and any business, to book shipments of cargo from and to anywhere in the world, by any combination of sea, land and air. The ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has issued a directive, on an exceptional basis, extending to 28 May the deadline of submitting VAT returns and the payment of due tax for the tax period ended March 31, enabling taxable persons to meet their tax obligations without facing any difficulties. “This comes in light of the Federal Tax ...

Dubai / Emirates Business The UAE’s status as a vital global logistics hub is helping the global community effectively navigate the coronavirus pandemic – according to a new analysis by Dubai Chamber of Commerce and Industry (Dubai Chamber). Titled ‘UAE Logistics Sector – Connectivity and Resilience,’ the analysis highlights the country’s busy air cargo routes, high maritime freight connectivity, well-established ...

SHARJAH / WAM Dana Gas shareholders approved on Wednesday to distribute a 5.5 fils cash dividend for the financial year ended December 31, 2019. The move was made during the company’s annual general meeting, during which a feasibility study to separate the Dana Gas’ upstream and midstream businesses in a demerger was also given the green light by shareholders. The ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with his Canadian counterpart François-Philippe Champagne, bilateral relations and joint cooperation between the two countries. In a telephone call, Sheikh Abdullah offered his sincere condolences to Francois Philippe Champaign, the Canadian government and the friendly Canadian people on the victims ...

ABU DHABI / WAM Etisalat Group on Wednesday announced its consolidated financial statements for the three months ending March 31, while also approving an interim dividend payout of 25 fils per share. In a statement the telecommunications group noted that its consolidated revenues amounted to AED13.1 billion representing a year over year increase of one percent while consolidated net profit ...

Abu Dhabi / WAM The United Arab Emirates on Wednesday sent an aid plane carrying 7 metric tons of medical supplies to the Republic of Sudan to bolster the country’s efforts to combat the Covid-19 pandemic. The shipment, which contained medical equipment and test kit supplies, will benefit more than 7,000 healthcare professionals in Sudan. Commenting on aid delivery, Hamad ...

Sharjah / WAM Sharjah Asset Management (SAM) and Sharjah Cooperative Society have announced that they will create a digital platform and a smart application to help facilitate shopping operations and make delivery of items easier for the customers of Sharjah Cooperative Society. This came as part of a Memorandum of Understanding (MoU) signed electronically by Waleed Al Sayegh, CEO of ...

Bloomberg Singapore will witness a deeper recession this year after the nation extended and tightened its partial lockdown, Citigroup Inc warned, widening its forecast for an economic contraction. The city-state’s economy will contract by 8.5% in 2020, down from an earlier estimate of a 6% fall, economists Wei Zheng Kit and Kai Wei Ang wrote after Singapore extended “circuit breaker” ...

Bloomberg Facebook Inc will invest $5.7 billion in the digital assets controlled by India’s richest man, the US social-networking giant’s biggest deal since the 2014 purchase of WhatsApp as it seeks a broader foothold in its biggest global market. The US company will buy about 10% of Jio Platforms, becoming the largest minority shareholder, Reliance Industries Ltd said in a ...