Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the rebranding of its Second Market, a key equity market on the exchange that connects investors and privately owned business, complementing Abu Dhabi’s fast-developing ecosystem for companies that are looking to catalyse their growth. The Growth Market, which replaces the Second Market established in 2014, offers companies ...
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Dubai / WAM Dubai Chamber of Commerce revealed it has recorded AED11 million ($2.99 million) in cost savings and saved one million sheets of paper in 2021 after obtaining the 100 percent Paperless Stamp from the Dubai Digital Authority. The estimated value of savings reflects the cost of printing, time and transportation to the chamber’s customer happiness centres. Last year, ...
Read More »Sharjah / WAM Sharjah Book Authority (SBA) has announced the second edition of the Emirati Book Fair (EBF), slated to run from April 20 – 24 at the SBA headquarters in Sharjah. Being organised in collaboration with the Emirates Writers Union, the event will offer a public platform to ten Emirati publishing houses, allowing them to showcase thousands of ...
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Abu Dhabi / WAM The Federal Tax Authority (FTA) has announced the launch of Raqeeb, the “whistle-blower program for tax violations and evasion”, which aims to promote community control over local markets, raise the level of tax compliance in the UAE and reduce tax evasion cases. Effective as of April 15, in line with the cabinet decision regarding the ...
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ABU DHABI / WAM Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations, announced that it has funded ‘Lune,’ a platform from an Emirati startup specialising in the field of financial data analysis, with an amount of AED250,000. Created by Lune Technologies, a startup founded by a ...
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Dubai / WAM Emirates will soon launch Non-Fungible Tokens (NFTs) and exciting experiences in the metaverse for its customers and employees. The airline, which has earned a reputation for its innovative products and customer-centric services, today unveiled its plans to build signature brand experiences in the metaverse, alongside both collectible and utility-based NFTs. The first projects are already underway, ...
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Dubai / WAM Dimitri S Kerkentzes, Secretary-General of the Bureau international des Expositions (BIE), has said that the UAE’s hosting of the Expo 2020 Dubai was “a truly remarkable World Expo” thanks to the vision of the UAE, and the joint efforts of the organisers and all participants, who worked hard to offer a historic event for the region and ...
Read More »ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent cables to King ...
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Abu Dhabi / WAM Shares in Dubai Electricity and Water Authority (Dewa) surged 15.7 percent on their market debut after its $6.1 billion initial public offering (IPO), the region’s biggest since Saudi Aramco’s. The stellar share rises to AED3.00 in early trade, up from the IPO price of AED2.48, before settling at AED2.87, 15.7 percent up, by the end ...
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VIENNA / WAM The Opec Fund for International Development (Ofid) signed a $100 million loan agreement with the government of Morocco to help build an inclusive financial sector as part of broader efforts to modernise the economy and support the kingdom’s recovery from the Covid-19 pandemic. Under the “Financial and Digital Inclusion Programme”, co-financed with the World Bank, the ...
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