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Alef Education launches its first project in US city

ABU DHABI / WAM Alef Education, a UAE-based education technology company, announced the launch of its innovative Alef education system in the United States. The system will be used at Harlem Children’s Zone (HCZ), schools in New York city, starting from October 15. Alef education system brings together a blend of the latest technology and pedagogical approaches geared towards learners ...

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Azimut Yachts to showcase luxury models at ADIBS

Dubai / Emirates Business Azimut Yachts, the world’s leading luxury yachts manufacturer with seven offices in the Middle East, including the UAE, will be making its debut at the Abu Dhabi International Boat Show (ADIBS) taking place from October 17-20 this year. Held under the patronage of His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of ...

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Dafza has a strategic role to play in attracting FDI to Dubai

DUBAI / WAM The Dubai Airport Freezone Authority (Dafza) showcased the development of new investments and initiatives delivered at the Gitex Technology Week, which is currently being held at the Dubai World Trade Center (DWTC). The free zone authority showcased the advantages of the new services and the investment benefits they offer to regional and international companies. During the event, ...

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VP launches Arab world’s largest e-learning platform

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday launched ‘Madrasa’, the largest free e-learning platform in the Arab world, a revolutionary new project under the umbrella of the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI). The platform offers 5,000 Arabic educational videos on ...

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VAT refund process simplified for Emiratis

Abu Dhabi / WAM Khalid Ali Al Bustani, the Director-General of the Federal Tax Authority (FTA), has announced that procedures to reclaim Value Added Tax (VAT), for UAE nationals who are building new residences have been simplified with electronic procedures. The announcement was made on Tuesday through a press release that detailed the latest updates on the VAT refund process for UAE ...

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Etihad, Tadweer to launch project to turn waste into jet fuel

Abu Dhabi / Emirates Business Etihad Airways and Abu Dhabi Waste Management Center (Tadweer) are set to collaborate on a landmark research project to explore how municipal waste can be converted into jet fuel. Representing a major development in the adoption of sustainable fuel, one of the aims of the project would be to use the final jet fuel on ...

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ADX signs pact with Sustainability Excellence

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), has signed a Memorandum of Understanding with the management consulting firm Sustainability Excellence. The MoU is aimed at deploying Environment, Social and Governance (ESG)-related initiatives that would enable ADX to promote ESG and sustainability values and practices among its listed issuers and investors as well as internally. Signing the MoU is ...

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Kizad ‘incubation centre’ to boost SME ecosystem

Dubai / WAM Khalifa Industrial Zone Abu Dhabi (Kizad) has launched an Entrepreneurship and Incubation Centre offering cost-effective work spaces, offices and licensing options to enhance the entrepreneurship and SME ecosystem in the UAE. Kizad, which is one of the largest industrial zones in the Middle East and a subsidiary of Abu Dhabi Ports, is situated within easy reach of ...

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Adnoc expands Flex service across UAE

RAS AL KHAIMAH / WAM Customers in Sharjah, Ras Al Khaimah, Fujairah, Umm Al Qaiwain and Ajman will be able to choose to self serve free of charge or use the premium service for AED10 when they refuel their cars. Adnoc Distribution also said it will continue to offer four fuel products across its network, including the UAE’s lowest priced ...

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China may have $5.8 trillion in hidden debt with ‘titanic’ risk

Bloomberg China’s local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are in store, according to S&P Global Ratings. “The potential amount of debt is an iceberg with titanic credit risks,” S&P credit analysts led by Gloria Lu wrote in a report on Tuesday. Much of the build-up relates ...

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