Local News

DUBAI / WAM Dubai Healthcare City Authority, the governing body of the Dubai Healthcare City free zone, announced a partnership with Dubai Silicon Oasis Authority (DSOA), the regulatory body of Dubai Silicon Oasis to enable healthcare providers operating in DHCC to swiftly open branches in DSO, the integrated free zone technology park. Signed by Dr Ramadan AlBlooshi, CEO of Dubai ...

ABU DHABI / WAM Passenger traffic at Dubai International, DXB, has recorded its busiest month on record in July with over 8 million passengers, according to the monthly traffic report issued by operator Dubai Airports. Passenger numbers in July totalled 8,065,789 compared to 7,616,792 handled in July 2016, a robust growth of 5.9 percent. DXB welcomed 51,120,057 passengers during the ...

Abu Dhabi / WAM Bank financing provided to the property and construction sector in the UAE increased by AED16.5 billion during H1 2017, a growth of 6.2 percent from the end of 2016, bringing to AED281.2 billion the total bank credit channeled to the sector by the end of June. According to UAE Central Bank statistics, funding provided to the ...

DUBAI / WAM The Hamdan Bin Mohammed Smart University (HBMSU) hosted a roundtable on the ‘Belt & Road Initiative’ and Islamic Finance Executive Strategy to promote economic cooperation between China and the UAE in the non-oil commercial and production sectors. The event was held with the support of the Dubai Islamic Economy Development Centre and provided an opportunity to capitalise ...

WASHINGTON / WAM The International Monetary Fund (IMF), Arab Monetary Fund (AMF), Arab Fund for Social and Economic Development (AFESD), and the Government of Morocco are to co-host a high-level conference in Marrakesh, on January 29-30, 2018, on promoting higher economic growth, job creation, and inclusiveness in the Arab World. “Opportunities for All: Promoting Growth, Jobs, and Inclusiveness in the ...

The FTA may exempt a Person from registration, but not payment of tax, if they can demonstrate that they will not regularly import Excise Goods. However, anyone who has been exempted from Tax Registration must immediately inform the Authority of any changes to his/her circumstances that would make them subject to tax, and they must do so within the allotted ...

DUBAI / WAM Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced a strategic collaboration with GITEX Future Stars to launch the first-ever Dubai Tourism Start-Up Competition – Futurism, inviting bright minds and innovators from around the world to submit ideas and business plans that will further revolutionise the city’s travel and tourism sectors. The competition is in ...

Abu Dhabi / Emirates Business Tadweer (Waste Management Center – Abu Dhabi) has signed a joint cooperation agreement with Al Mussafah Municipality, through which the two sides will cooperate to use Abu Dhabi Factory Fertilizer products in the total area of agricultural assets estimated at 905,000 square meters of more than 110,000 palm trees, trees and other shrubs, as well ...

ABU DHABI / WAM The Security, Justice, and Safety Committee of the Executive Council of Abu Dhabi, under the chairmanship of Major General Dr Nasser Lakhrebani Al Nuaimi, reviewed the latest updates on combating and countering the spread of false commercial licences and closed shops, as well as the results of the work team’s studies conducted in this respect. The ...

DUBAI / Emirates Business Invest Group Overseas (IGO), a Dubai-based developer of superior residential assets, launched the mega residential development IGO 101 and announced its commitment to invest in projects valued at more than AED2 billon leading up to 2020. With construction to begin in December 2017, IGO 101 is scheduled for completion in Q4 2020. As a privately-held creator ...