ABU DHABI / WAM The Ministry of Finance (MoF) announced that the UAE was ranked first in the ‘Efficiency of Government Spending’ index, a sub-criteria of the World Competitiveness Report 2017- issued by the World Economic Forum (Davos) in Switzerland, having ranked second for three previous years. Since 2010, the UAE has achieved high rankings among the top 10 countries in ...
Read More »Abu Dhabi / WAM Waha Capital, an Abu Dhabi-based investment company, has acquired a significant minority stake in Dubai-based Channel VAS, a rapidly growing financial technology company. Waha Capital’s new investment is approximately $55 million. The acquisition adds to the diversification of Waha Capital’s principal investment portfolio, which holds stakes in several companies, including New York-listed aircraft leasing firm AerCap ...
Read More »Dubai / WAM The planned Excise Tax is set to go into effect at the beginning of October 2017, announced the Federal Tax Authority (FTA) at a press conference in Dubai on Wednesday. The new tax will be imposed on carbonated drinks by 50%, and tobacco products by 100% and energy drinks by 100%. The tax affects specific “Excise†goods ...
Read More »ABU DHABI / WAM Abu Dhabi is to become home to the first-of-its-kind Government Academy in the UAE. The launch came during the UAE Government Annual Meetings under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive ...
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Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, announced the start of the journey toward realising the UAE Centennial 2071 goals. Speaking ...
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Abu Dhabi / WAM The UAE Soft Power Strategy was launched at the UAE government annual meetings, encompassing a national action plan that seeks to enhance the UAE’s reputation regionally and globally, and to consolidate that country’s position as an economic, cultural and humanitarian leader. H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE and Minister ...
Read More »Dubai / WAM The UAE Government Annual Meeting on Wednesday saw the launch of the National Strategy for Higher Education 2030, put forward by the Ministry of Education. The strategy sets out to build and achieve the highest scientific and professional education standards to serve the UAE’s future generations. The strategy seeks to equip a new generation of Emiratis to face ...
Read More »Abu Dhabi / WAM Paris-Sorbonne University Abu Dhabi (PSUAD), on Wednesday signed an agreement of partnership with ABB, a global pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids. Prof. Eric Fouache, PSUAD Vice Chancellor, Pierre Leretz, Regional President IA Div at ABB and Mostafa AlGuezeri, Managing Director at ABB in UAE, signed this agreement ...
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RAS AL KHAIMAH / Emirates Business His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has stressed the importance of creating an ideal and sustainable environment for future generations, to enable them to achieve further success. During his participation in the 2nd Global Youth Leaders’ Forum, an important meeting for youth leaders ...
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Dubai / Emirates Business Middle East Venture Partners (MEVP) on Wednesday announced the launch of its third MENA venture capital fund – the Middle East Venture Fund III (MEVFIII) – with a target size of USD 250 million. MEVFIII will invest in innovative early-stage and growth-stage tech companies in the MENA and Turkey region. The launch of the new fund follows ...
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