Local News

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, attended the launch of the Arab Media Forum (AMF), on Tuesday. His Highness was accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and HH Sheikh Maktoum bin Mohammed ...

Abu Dhabi / WAM ADNOC Distribution on Tuesday announced a new customer-centric approach that provides its clients with a greater choice of services when purchasing fuel. From mid-April, customers at service stations in Abu Dhabi will have the choice of a new premium service, for a small fee, or a self-serve option. The premium and self-serve options will then be ...

SHARJAH / WAM The Mohammed bin Rashid Innovation Fund (MBRIF), a federal government fund created by the Ministry of Finance and managed by the Emirates Development Bank (EDB), has signed a Memorandum of Understanding (MoU), to support the growth and development of the UAE’s environment of innovation with the Sharjah Entrepreneurship Centre (Sheraa), a non-profit government organisation that supports entrepreneurs ...

Sharjah / Emirates Business Sharjah has announced the completion of the restoration and renovation of one of Conakry’s, Guinea, most beloved libraries, which was destroyed by a horrific fire accident in 2012, with more than 10,000 of the nation’s richest literatures and publications damaged by the fire. The Djibril Tamsir Niane Library was renovated through generous support by HH Dr ...

RAS AL-KHAIMAH / WAM The Government of Ras al-Khaimah has announced the official launch of RAK’s 2018 Petroleum Licensing Round and the establishment of the new Ras al-Khaimah Petrole-um Authority, the regulator responsible for the Licensing Round tendering process and ongoing management of petroleum rights. These actions reflect the vision of HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council ...

Dubai / Emirates Business Global investment is seeing a bumpy recovery as worldwide foreign direct investment (FDI) flows reach $1.52 trillion in 2017, according to the World Investment Report published by the United Nations Council on Trade and Development (UNCTAD). FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year. A number ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended an AED55 million ($15mn) concessionary loan to the government of Tanzania to finance the upgrade of 51km of the Uvinza-Ilunde-Malagarasi Road. The funded project is an extension to Kidaho – Ovinza Road which was funded in 2009 by ADFD as a ...

SHARJAH / WAM The Sharjah Investment and Development Authority (Shurooq) and master developer Nakheel have collaborated in a joint venture, that will bring a new community retail centre to Sharjah. The project Nakheel’s first outside its home emirate of Dubai has an estimated development value of AED75 million. Under the agreement, signed on Monday by Marwan bin Jassim Al Sarkal, ...

DUBAI / Emirates Business Tax authorities in GCC are starting to use sophisticated digital platforms that require taxpayers to submit data in real time or near-real time prompting firms to enhance their digital capabilities. This is changing the way businesses collect, format and report tax information, and accelerates reporting, filing obligations. Sherif El-Kilany, MENA Tax Leader at EY said, “The ...

Abu Dhabi / WAM The Abu Dhabi Police (ADP), has warned the public about fraud messages on social media applications, such as Whatsapp, which imitate trademarks and trusted websites, with the aim of stealing personal information, such as usernames, passwords, credit card numbers and other information that may lead to problems for users, who are required to report these crimes ...