Local News

Abu Dhabi / WAM The central bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under the central bank of Egypt, discussed ways to promote cooperation in the field of training and building human capital capabilities relevant to the financial sector. This came during a meeting between Ehab Alameri, Chief Human Resources Officer at the CBUAE, ...

Dubai / WAM Hessa bint Essa Buhumaid, Minister of Community Development, revealed that the total amounts disbursed for marriage grants last year reached AED199,080,000, reaching 2,844 beneficiaries across the UAE compared to 2,727 beneficiaries during 2021. Buhumaid said that the marriage grants by the Ministry of Community Development (MoCD) align with the leadership’s keenness and government support to Emirati youth ...

  Dubai / Gulf Time Direct TT, one of the world’s leading financial consultancy firms and part of the DTT Group, a globally recognised and regulated financial services provider, acquired the UAE Securities and Commodities Authority (SCA) license for Financial Consultancy and Financial Analysis. The DTT Group further announced its plans to invest $10 million over the next two years ...

  Dubai / WAM Dubai Customs completed 25.7 million customs transactions in 2022, while maintaining the highest levels of security at the emirate’s borders. Dubai Customs also made 2,147 seizures. Being the oldest government department in the emirate, Dubai Customs has been an active player in the UAE’s progress throughout 2022, recording a remarkable performance in customs transactions, seizures and ...

  Abu Dhabi / WAM The Federal Tax Authority (FTA) has launched early registration for corporate tax through EmaraTax, the UAE’s digital tax services platform. The step comes in line with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the Corporate Tax Law), which stipulates that Taxable Persons will become subject to Corporate Tax from ...

Abu Dhabi / WAM Masdar has demonstrated its commitment to helping African nations in their clean energy transition by signing agreements at Abu Dhabi Sustainability Week (ADSW) 2023 with three countries – Angola, Uganda and Zambia – to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW). The agreements were signed under the umbrella of ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) on Friday inaugurated the third Abu Dhabi Integrated Mental Health Conference, which is taking place till January 21 at the Abu Dhabi National Exhibition Centre (Adnec). Held in cooperation with the Department of Health Abu Dhabi (DoH), the conference is part of the capital’s efforts towards driving mental health ...

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) announced on Friday that it has entered into the Operations and Maintenance (O&M) of the Taweelah B Independent Power and Water Plant (Taweelah B IWPP) and acquiring an additional stake in the plant. As part of a transaction valued at $65 million (approx. AED239 million), Taqa has completed its ...

Abu Dhabi / WAM Building on its ongoing efforts to improve the healthcare ecosystem from all aspects, the Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, signed a strategic memorandum of understanding (MoU) with the Geneva Sustainability Centre (GSC). The GSC is an organisation powered by the International Hospital Federation (IHF) focused ...

  Dubai / WAM A total of 2,704 real estate transactions worth over AED13 billion were conducted during the week ending January 20, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 235 plots were sold for AED1.13 billion, while 1,944 apartments and villas were purchased for AED4.39 billion. The top three transactions were ...