Local News

DUBAI / Emirates Business Economic confidence in the UAE and the Middle East rebounded further in the second quarter of the year and is now at its highest level since Q2 2015, despite a slowdown in the global economic recovery that started in late 2016, finds the latest edition of ACCA (the Association of Chartered Certified Accountants) and IMA Global ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has determined three main categories of “eligible goods” for calculating Value Added Tax (VAT) on the basis of the profit margin scheme. These are second-hand goods, meaning tangible movable property that is suitable for further use as it is or after repair; antiques, i.e. goods that are over 50 years old; ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, on Wednesday published a consultation paper setting out its proposed regulatory framework for operators of Private Financing Platforms (PFPs) in ADGM. The consultation paper follows positive feedback received from the industry in response to the March discussion paper issued by the Financial Services Regulatory ...

ABU DHABI / WAM Preparations are in full swing to launch KhalifaSat, the first satellite fully built in the UAE by a team of highly qualified Emirati engineers, into orbit before the end of the year from the ground station in Japan aboard the rocket, H-IIA, revealed Director-General of the UAE Space Agency. “The UAE Space Agency is planning to ...

ABU DHABI / WAM The Office of the Minister of Tolerance and Etihad Airways have signed a cooperation agreement to promote the values of tolerance, coexistence and respect for diversity. The agreement between the two parties seeks to promote these values in a more sustainable and enriching manner among different nationalities, cultures and religions via community projects in national and ...

Abu Dhabi / Emirates Business Effective October 3, Etihad Airways will introduce the Boeing 787-9 Dreamliner on its scheduled services from Abu Dhabi to Rabat, capital of the Kingdom of Morocco, replacing the Airbus A330-300 currently serving the route. The introduction of the technologically advanced aircraft on Rabat services is a further boost to its presence in the Moroccan market. ...

DUBAI / WAM Propelled by a double-digit surge in traffic in June, passenger numbers at Dubai International (DXB), topped 43.7 million in the first half of 2018, according to the traffic report issued on Wednesday by operator Dubai Airports. DXB handled a total of 43,739,105 passengers during first half, up 1.6% compared to 43,054,268 passen- -gers recorded during the corresponding ...

ABU DHABI / WAM National Reference Laboratory (NRL), part of Mubadala’s network of world-class healthcare providers, has been approved by the General Civil Aviation Authority (GCAA), to carry out drug and alcohol testing for pilots, cabin crew, ground staff, air traffic controllers and other safety-sensitive aviation professionals and stakeholders in the UAE. NRL obtained the stringent certification for its robust ...

Sharjah / Emirates Business Sharjah Investment and Development Authority (Shurooq) has signed a second Memorandum of Understanding (MoU) with Korea’s global investment corporation REI Holding Group, to encourage bilateral investments, collaborate on industry information and expand business networks in both countries. The agreement follows on the recently announced MoU between Shurooq and REI’s Haewon Medical Foundation Sejong General Hospital to ...

ABU DHABI / WAM Nawah Energy Company (Nawah), the nuclear operating joint venture company established by Emirates Nuclear Energy Corporation, (enec), and Korea Electric Power Corporation (Kepco), celebrated successful graduation of 195 students who are specialising in nuclear energy as part of the ‘Energy Pioneers’ scholarship programme. The graduates completed nuclear science and technology focused courses from various institutions of ...