News

Abu Dhabi / WAM The UAE Ministry of Finance announced amendments to some provisions of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT), which will be effective from January 1, 2023. The amendments were made are in line with international best practice in light of the GCC Unified VAT Agreement. They are based on past experiences, ...

Dubai / WAM In conjunction with Cyber Security Month, which is observed in October every year, Dubai Electricity and Water Authority (Dewa) has added a new channel to raise awareness among its employees about the importance of information security to enhance their skills in facing cyber challenges and threats. In addition to internal bulletins, emails and participation in training courses, ...

Abu Dhabi / WAM Abu Dhabi National Exhibition Centre (Adnec) announced the conclusion of its preparations to host the Abu Dhabi International Petroleum Exhibition and Conference 2022 (Adipec) from October 31 until November 3. The centre has prepared its facilities and infrastructure to host this global event, which is the biggest in its sector and brings together specialists in the petroleum ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has launched a new platform dedicated to increasing capital investment in technology companies, including startups from the region’s leading family offices. Tech “Barza” – meaning majlis – is an exclusive capital club that targets regional family offices for exclusive access to Hub71’s vibrant community of almost 200 startups to accelerate ...

Made.com Group Plc, the British online furniture retailer, abandoned hopes to find a rescue buyer and said it’s taking steps to try to protect its creditors and shareholders. The company, which warned it was running out of cash, decided that there “is no reasonable prospect” for an offer and terminated the sale process. It has halted new orders to its ...

President Joe Biden said China’s leader had expressed worries about the US strengthening its domestic production of semiconductor chips as his administration moves to reduce reliance on Asian suppliers and restrict Chinese access to chipmaking technology. “I’ve heard from Xi Jinping that he’s a little concerned about that,” Biden said Thursday in Syracuse, New York, as he delivered a speech ...

Pakistan’s former prime minister Imran Khan started a protest march to the nation’s capital Islamabad in the latest attempt to press the government to call for early elections, while hitting back at the military’s spy chief. Khan launched the protest that he calls a march for “real freedom” standing on top of a makeshift caravan in a convoy of vehicles ...

President Vladimir Putin lashed out at the US and Europe over his war in Ukraine, heaped praise on Saudi Arabia and reiterated support for China’s claim to Taiwan as he sought to cast Russia as a champion of conservative values against Western liberalism. He accused the US and its allies of seeking global domination by pouring weapons into Ukraine to ...

Abu Dhabi / WAM     The International Renewable Energy Agency (Irena) kicked off its twenty-fourth Council meeting on Thursday in Abu Dhabi. The biannual two-day meeting, chaired this year by Uruguay, gathers more than 400 delegates from 108 countries to discuss the world’s energy transition ahead of the annual UN Climate Change Conference (COP27) in Sham el-Sheikh, Egypt. “We are staring ...

Abu Dhabi / WAM The United Arab Emirates welcomed joint cooperation between the Arab Republic of Egypt and the International Monetary Fund (IMF) in light of the agreement reached by the two parties. The UAE affirmed its support for efforts by the Arab Republic of Egypt to implement the necessary economic and structural reforms to ensure the preservation of strong, ...