Local News

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 ...

ABU DHABI / WAM The trade in food and beverage (F&B) in Abu Dhabi in January amounted to a total value of AED1.2 billion, according to a report by the Statistics Centre-Abu Dhabi on non-oil merchandise trade. This overall value accounted for 7.9 percent of trade in non-oil goods in 2019 totalling AED15.2 billion, as per the centre’s figures. The ...

DUBAI / WAM Careem has introduced a new on-demand service ‘Shops’ to deliver daily essentials, such as groceries, medicine and pet food, to homes across Dubai. The courier service company said customers can shop via the Careem NOW app and a driver will pick up and deliver the purchases in under an hour. In a statement on Tuesday, the company ...

Abu Dhabi / Emirates Business Abu Dhabi School of Government (ADSG) and Abu Dhabi Global Market Academy (ADGMA) signed an MoU to advance talent development in Abu Dhabi. The partnership will offer new specialised programmes within financial technology and artificial intelligence that adopt global best practices. The two parties will also coordinate assessment and development centres, aligned with quality standards ...