Local News

UAE distributes 25 fishing boats to families in Aden

Abu Dhabi / WAM The UAE, represented by the Emirates Red Crescent (ERC), distributed 25 fishing boats to the families of martyrs and disabled people in Al Buraiqa District, Aden Governorate, continuing its support for Yemeni fishermen. Mohammed Al Kaabi, ERC Representative, said that the boats were distributed in Qaewa, Ras Omran, Fiqm and Al Haswa while stressing that in ...

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UAE financial regulators launch passporting facility

ABU DHABI / WAM The UAE financial regulators have announced the launch of a new fund passporting facility to help promote investment fund in the country. In a statement, the Emirates Securities and Commodities Authority (ESCA), the Financial Services Regulatory Authority (FSRA), of Abu Dhabi Global Market (ADGM), and the Dubai Financial Services Authority (DFSA), said that following the enactment ...

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Dubai FDI visits major US cities to boost trade ties

DUBAI / WAM The Dubai Investment Development Agency, Dubai FDI, kicked off its first of a series of visits for 2019 under the Global Promotional Investment Programme. The tour, which takes place from March 9 to March 16, is aimed towards strengthening bilateral relations with one of the most important global economic powers while also opening new markets in line ...

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Mohamed bin Zayed honours Sandooq Al Watan supporters

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday honoured the supporters of Sandooq Al Watan, who have been contributing to achieving the initiative’s national objectives since its establishment. “UAE nationals embody the quintessential Emirati values of giving, the seeds of ...

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Mohamed, president of Togo discuss ways to develop bilateral ties

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Monday, President Faure Gnassingbe of Togo, at the Beach Palace in Abu Dhabi. During the meeting, the two sides discussed bilateral ties between the UAE and Togo, and means of developing them ...

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Khalifa Fund inks $15mn pact to support Togolese SMEs

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Faure Gnassingbe of Togo, witnessed on Monday, the signing of an $15 million agreement between Khalifa Fund for Enterprise Development and Togo’s Ministry of Finance, to support micro, small and medium-sized enterprises ...

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Mohamed OKs AED1b incentives to create global AgTech centre

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has approved a series of incentive packages totaling up to AED1 billion for local and international Agriculture Technology, AgTech, companies to build and grow a presence in Abu Dhabi. The announcement aims to drive ...

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UAE, OECD sign three-year extension on international tax principles cooperation

Dubai / WAM The Ministry of Finance (MoF), held an official ceremony on Monday to celebrate 30 years of signing the avoidance of double taxation and bilateral investment agreements. A press conference to announce and sign a three-year extension of the MoU between the UAE and the Organisation for Economic Cooperation and Development (OECD), also took place. The MoU stipulates ...

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Etihad to display aircrafts, services at ‘Saudi Airshow’

Abu Dhabi / WAM Etihad Airways has announced that it will take part at the Saudi International Airshow with displays of some of its aircraft, products and services, and a number of important partnership announcements. The airshow is the first aviation and aerospace exhibition of its kind to be held in the Kingdom of Saudi Arabia from March 12-14. Etihad ...

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Dubai’s non-oil foreign trade reaches AED1.3trn

DUBAI / WAM Dubai’s external non-oil trade in 2018 reached AED1.3 trillion despite challenges facing global trade growth resulting from trade tensions between major economic powers and a global growth slowdown that has led to currency rate volatility in developing countries. The latest trade figures show that Dubai is moving forward steadily as a leading international and regional trade hub ...

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