Local News

DUBAI / WAM Dubai Municipality’s Food Safety Department reevaluated the food labels of 4,700 local food products to ensure compliance with approved food specifications. A team from the Food Registration and Evaluation Unit of the Food Studies and Systems Section at the department conducted visits to local food factories, as well as commercial complexes and supermarkets in the Emirate of ...

DUBAI / WAM Al Jalila Foundation, a global philanthropic organisation dedicated to transforming lives through medical education and research, announced on Wednesday that it has awarded AED6 million in seed grants to 21 UAE-based medical researchers bringing the total investment to date to AED20 million for 76 research projects. The seed grants focus on research in the field of cancer, ...

ABU DHABI / WAM The Abu Dhabi Food Festival kicks off on Thursday with gastronomic activations and experiences as well as live demos across the emirate until December 23. Spread over 17 days and taking in three weekends, the festival will cook up a storm and bring food-lovers, families and friends together to enjoy cuisine from some of the best ...

SHARJAH / WAM Dr Salwa Ghaddar Younis, Ambassador of the United Nations (UN) and Chairperson of the Arab Family Organisation (AFO) stated that the UAE is a unique international model of the professional and financial empowerment of women, and the strengthening of their economic position, based on equal opportunities in all commercial areas. In her statements on the sidelines of ...

DUBAI / WAM November’s PMI signalled a strong upturn for the UAE’s non-oil private sector, and the sharpest pace of expansion since August, according to the latest UAE PMI survey. “Steep growth in both output and new business contributed to the latest improvement in business conditions. Furthermore, firms responded to higher output requirements by increasing buying activity at the fastest ...

ABU DHABI / WAM Current account balances and deposits of the UAE Central Bank with banks abroad rose 54.7 percent or AED80.8 billion in the first ten months of the year to AED228.7 billion from AED147.8 billion in the same corresponding period last year, according to figures released by the Central Bank. The sustained, robust growth of foreign deposits since ...

DUBAI / WAM The Ministry of Economy (MoE) and the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) signed a cooperation agreement to boost the competitiveness of the country’s entrepreneurship sector, as well as train national entrepreneurs and raise their capacities. The signing of the agreement was attended by Sultan bin Saeed Al Mansouri, Minister of ...

DUBAI / WAM Dubai Investments has announced a 36 percent increase in sub-leasing contracts in its wholly-owned subsidiary Dubai Investments Park (DIP) in the first nine months of 2017 compared to last year. “Out of these, nearly 68 percent contracts pertained to existing subtenants, reflecting DIP’s growing demand as a premier business destination in the region. The new subtenants during ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has announced the sectors that will be subject to Value Added Tax (VAT) as of January 1, 2018, revealing selected sectors will be assigned zero-rated tax, such as education, healthcare, oil and gas, transportation and real estate. According to a statement released by the FTA, selected supplies in sectors such as ...

Dubai / Emirates Business With Dubai targeting to become the Middle East’s smartest city by 2021, a growing number of local and international FinTech companies are looking to make the emirate their regional base, according to Links Group, an Equiom company and a leading provider of commercial facilitation and advisory services in the Middle East. The financial solutions ecosystem received ...