Local News

ABU DHABI / Emirates Business ADCorp Ltd, the ADGM-based Islamic financial institution, has announced a new partnership with Sands Capital Management LLC, a leading independent investment manager based in the US. The partnership will see the two institutions working together to offer Shariah-compliant portfolios and funds, with Sands Capital acting as an advisor on exclusive products for ADCorp’s clients. The ...

ABU DHABI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the Federal Tax Authority (FTA), has issued FTA Decision No. (1) of 2019, setting a daily maximum of AED7,000 for cash refunds of value added tax (VAT) for tourists applying through the tax refunds for tourists scheme. In ...

ABU DHABI / WAM Some 1.7 million prescriptions have been dispensed since the launch of the ‘smartpharmacy system’ in 2014, announced the Abu Dhabi Health Services Company (Seha). The system was introduced in a bid to reduce waiting time and prescription errors, said a Seha press statement issued on Saturday. The smart pharmacy system is carried out by a robot ...

SHARJAH / WAM The Telecommunications Regulatory Authority (TRA) announced that fifth edition of ‘TRA Innovation Camp’ will be held on July 7 and August 8. The camp aims to introduce the youth to the important future technologies, exploration, future-shaping, and self-development skills, in line with the UAE’s strategy in the Information and Communications Technology (ICT) field. Hamad Obaid Al Mansoori, ...

RED SEA COAST OF YEMEN / WAM The Emirates Red Crescent (ERC) re-opened a fishing slipway in in Bab al-Mandab District of Dhubab Governorate, after completing the rehabilitation and refitting operations. The ERC Representative on the Red Sea Coast, said the UAE-funded facility, part of a UAE plan to establish and rehabilitate 24 fishing slipways, would allow 4,500 fishermen to ...

DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) launched the operation of 94 medium-size buses of the Optare Brand, which will be the first of its kind in the UAE. These buses are compatible with the European Emission Standards, Euro 5, light in weight and low on ...

ABU DHABI / WAM A delegation from the Ministry of Economy, led by Abdullah bin Ahmed Al Saleh, Under-Secretary for Foreign Trade Affairs at the Ministry of Economy (MoE), visited the Innovation Centre of Borouge in Abu Dhabi. The delegation was introduced to the latest practices and technologies used at the Borouge Innovation Centre to produce innovative and value creating ...

DUBAI / WAM The Dubai Future Foundation and EmTech Mena have announced the committee of judges for ‘Innovators Under 35’, a global competition for young innovators, in its second year. The winners will present at EmTech Mena 2019, an annual conference on emerging technologies, which will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

Dubai / Emirates Business Two promising Indian startups from New Delhi and Bangalore were named as the winners of a prestigious competition organised by Dubai Technology Entrepreneur Campus (Dtec), the largest hub of its kind in the region and wholly-owned by Dubai Silicon Oasis Authority (DSOA), which was held during the recent Dubai Startup Hub roadshow to India. ShipsKart, a ...

ABU DHABI / WAM A team from Abu Dhabi Ports has visited Abu Dhabi Airports to review best practices and share knowledge and experience. The meeting is the result of both entities’ continuous efforts to enhance their respective operations and ensure business continuity by engaging with their partners and stakeholders. The team from Abu Dhabi Ports met with Abu Dhabi ...