Local News

  ABU DHABI / WAM Valued-added tax (VAT) to be introduced in the UAE in early 2018, will reflect positively on the economy and the government’s financial stability, as the money levied will be used to launch new developmental projects, a senior official said on Monday. “The proposed five percent VAT will be applied to consumption and not on savings ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, stressed the importance of long-term investment in innovation and supporting UAE innovators and enabling them to turn their ideas into innovative projects that benefit people. “Supporting UAE innovators is a key pillar of the future work and efforts ...

  Sharjah / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and President of the University of Sharjah (UoS) on Monday received a delegation from ABET, the US-based Accreditation Board for Engineering and Technology, who are on a visit to the emirate. The parties discussed academic progress being made by the UoS. ...

  Abu Dhabi / WAM An innovation guide for companies operating in the UAE has been launched by the Ministry of Economy to promote a culture of innovation and increase awareness regarding the importance of research and development, R&D, for businesses and the entire economy, the Ministry announced on Monday. The guide, prepared in collaboration with the National Research Centre of ...

  Dubai / Emirates Business Dubai has improved its ranking to claim the 15th position on the second edition of the Dubai Innovation Index, which was released by the Dubai Chamber of Commerce and Industry on the side-lines of the UAE Innovation Week. The survey, launched by the Chamber in cooperation with PricewaterhouseCoopers (PWC), analysed 28 top global innovation cities. ...

  Dubai / Emirates Business Honeywell (NYSE:HON) named the Burj Khalifa as the UAE’s “smartest” building at the Middle East’s first-ever smart building awards presentation at the Innovation Live! Summit today in Dubai. The world’s tallest structure also received the award for the Middle East’s smartest “high-rise residential” building. The summit, an official anchor event of the widely celebrated UAE ...

  Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) is launching 11 environmental initiatives between November 20-26 to mark the UAE’s second annual Innovation Week, launched by Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammad bin Rashid Al Maktoum. The Ministry is holding several contests for its employees and public during ...

  Sharjah / WAM Encouraging Emirati businesses to not only manufacture, but become vital exporters as part of international supply chains, will be the topic at the Industrial Cooperation and Supply Chain Conference, to be held today at the Sharjah Exports Development Centre, SEDC, and organised by the Sharjah Chamber of Commerce and Industry (SCC). Under the patronage of H.H. Sheikh ...

  Dubai / Emirates Business Legoland Dubai headlines UAE mega-projects that have been recognized as among the world’s most innovative, industry experts announced on Monday ahead of The Big 5 construction exhibition. One of the world’s most attractive construction markets, the UAE hosts a robust construction pipeline of more than US$700 billion, over one-third of the GCC’s pipeline, according to ...

  Dubai / Emirates Business UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, unveiled its first ever “women-powered” branch at the Dubai Airport Free Zone (DAFZA), UAE. This is a first-of-its-kind initiative in the UAE by any exchange house and is also in line with the vision of the UAE Federal Government in bringing gender equality. ...