Dubai / WAM Dubai Financial Market (DFM), announced issuing two new regulations that pave the way for market participants to implement both repurchase agreements, Repo, and Islamic Murabaha transactions, in conjunction with the approval given by the Securities and Commodities Authority (SCA). The regulations have been outlined in line with the international best practices as well as in full coordination ...

Dubai / WAM The Federal Tax Authority (FTA), closed three commercial establishments for violating its excise tax laws, after an inspection campaign in cooperation with the Department of Economic Development of Dubai, (DED), as part of their joint efforts to limit tax violations. The FTA and the DED investigated cases of tax evasion by commercial businesses after a date was ...

Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC), sponsored and partnered with the Al Dhafra Festival, taking place in Madinat Zayed, in the Al Dhafra Region of Abu Dhabi, until December 28. The initiative is part of ENEC’s continued efforts to support the economic and social development of the Al Dhafra Region and the achievement of the ...

ABU DHABI / WAM The opening of Louvre Abu Dhabi on Saadiyat Island and the hosting of the Formula 1 Etihad Airways Abu Dhabi Grand Prix contributed to a dramatic surge in hotel guests staying in the emirate during November. The month saw a 16% rise in guests staying in the emirate’s 162 hotels and hotel apartments compared to the ...

Abu Dhabi / Emirates Business Etisalat on Monday announced the revamp of its roaming packs for both prepaid and postpaid customers to give them flexibility and more affordable choices of tailored plans to stay connected with their family and friends while travelling outside the country. The new roaming packs will offer a worry free experience to customers traveling abroad in ...

ABU DHABI / Emirates Business The National Health Insurance Company – Daman will begin replacing cash payments with the e-Dirham service across all its branches and service points from January 2018. The move comes after six months of thorough testing and is part of Daman’s efforts to digitalise services and simplify customer transactions, making their experiences more efficient, secure and ...

Abu Dhabi / WAM Abu Dhabi University (ADU) signed a memorandum of understanding (MoU) with the Arts, Sciences and Technology University in Lebanon (AUL) to offer exchange programs, training initiatives, as well as knowledge sharing platforms to students of both institutions. Dr Waqar Ahmad, Abu Dhabi University’s Interim Chancellor and Dr Adnan Hamza, Director of AUL, signed the three-year renewable ...

Dubai / WAM The Roads and Transport Authority (RTA), organised an awareness workshop for examiners at vehicle technical testing centres to educate attendees about standards and procedures that have to be observed in this vital field. Mohammed Nabhan, Director of Monitoring and Enforcement, RTA Licensing Agency, said, “The workshop was held over two days in the presence of all parties ...

Dubai / Emirates Business Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), organised the ‘Innovation in Real Estate Best Practices Event’ to coincide with the announcement of the second edition of the Gulf Real Estate Awards, which will take place in 2018. A select group of professionals from different segments of the real estate sector ...

Dubai / Emirates Business Dulsco, a regional leader in people and environmental solutions, has been recognized for its ‘Bulb Eater’ initiative at the 2017 Dubai Airport Safety Awards. The ‘Bulb Eater’, which won the ‘Best HSE project’ category at the ceremony, was developed in response to the large amount of used light bulbs that were being disposed of at Dubai ...