Local News

Abu Dhabi / WAM  The Federal Tax Authority (FTA) launched a mechanism for refunding value added tax (VAT) incurred on building and operating mosques on the FTA’s e-Services portal, in light of cabinet decision No. (82) of 2022 in that regard, which came into force on October 29, covering all mosques in the UAE, provided that the refund applications are ...

Abu Dhabi / WAM  The 2022 Opec World Oil Outlook (WOO) will be launched at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) 2022 in Abu Dhabi on Monday, October 31. Opec’s Secretary General, Haitham Al Ghais, along with Opec experts, will present the major findings of the WOO 2022, as well as introduce a video with key messages ...

Abu Dhabi / WAM Cleveland Clinic has launched a robust programme of collaborative support to enable hospitals and healthcare organisations around the world to connect with the global health system’s clinical and operational experts to enhance patient care and distinguish themselves within their markets. The goal of the Cleveland Clinic Connected programme is to build a global network of independent, ...

Sharjah / WAM Sharjah Taxi, a subsidiary of Sharjah Asset Management Company, investment arm of the government of Sharjah, is seeking to increase the number of its hybrid vehicle fleet cars that operate dually on both fuel and electricity. This decision is in line with the Emirate’s vision to rationalise the use of energy, in accordance with its development goals ...

Abu Dhabi / Gulf Time Dr. Ali Saeed Alameri, Chairman of Alshoumoukh Group, stated that the Abu Dhabi International Petroleum Exhibition 2022 was an important occasion to enhance Abu Dhabi’s global position in the oil and gas industry, especially with the important and rapid developments on the economic and geopolitical levels. He stressed the importance of investments in exploration and ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has commissioned 389 11kV substations in Dubai in the third quarter of 2022. This is part of its efforts to deliver state-of-the-art infrastructure according to the highest international standards. These stations are mainly located at Wadi Al Safa Fifth, Al Merkad, Madinat Al Matar and Al Yalayis 1. The construction of ...

Dubai / WAM The Emirates Schools Establishments (ESE), in cooperation with the National Programme for Coders, organised school hackathons that attracted more than 200 participants from 50 different schools across the UAE, along with coding ambassadors to activate their coding role on the “UAE Codes” Day. The Hackathons that started on October 29 as part of the “UAE Codes” day, ...

Abu Dhabi / WAM  Masdar has pledged to strengthen its support for Saudi Arabia’s clean energy objectives by opening a new dedicated office in the Kingdom. Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co. (SPPC) for wind and solar projects with a combined capacity of 3.3 gigawatts (GW). The ...

Dubai / WAM Amanat Holdings has announced the acquisition of a 60% stake in Human Development Company (HDC), a provider of special education and care (SEC) services in Saudi Arabia covering educational, medical, and rehabilitation services, for an initial consideration of SAR220.3 million (AED215.3 million) and a contingent consideration of up to SAR47.1 million payable subject to future earnings growth. ...

Abu Dhabi / WAM  Borouge Plc on Friday announced its financial results for the nine-month and three-month periods ended September 30, with the company maintaining positive year-to-date performance driven by strong sales volumes. Borouge reported a 13.5% increase in revenue to AED18.84 billion ($5.13 billion) for the nine months to September 30, versus the same period in the prior year. ...