News

  Abu Dhabi / WAM The Ministry of Finance (MoF) has launched the digital public consultation initiative on its website and the UAE Government portal, ahead of the official release of Corporate Tax relevant legislation. The initiative aims at consulting with the business community and relevant stakeholders to acquire their views and comments on Corporate Tax, to refine and implement ...

Abu Dhabi / WAM The UAE has strongly condemned the terrorist bombing that targeted a Chinese institute at the University of Karachi campus in Pakistan and took the lives of several staff and students and left many injured. In a statement, the Ministry of Foreign Affairs and International Cooperation emphasised that the UAE strongly condemns these criminal acts and firmly ...

  Dubai / WAM Noor Dubai Foundation, one of the Mohammed bin Rashid Al Maktoum Global Initiatives, succeeded in benefitting 33 million people around the world, through its treatment, preventive and awareness programmes specialised in prevention of blindness. This was reported during the Mohammed bin Rashid Al Maktoum Global Initiatives Foundation annual meeting, in which an inspiring patient story was ...

Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer) has developed an integrated action plan for Eid al-Fitr, as part of its commitment to continue providing its services at the highest standards and to meet the expected increase in waste generation. With this plan, the Centre aims to maintain cleanliness in all vital areas of Abu Dhabi city, Al ...

  DUBAI / WAM Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a webinar to assess the effects and interdependence of green and sustainable finance on long-term development, in collaboration with Chartered Banker Institute, a UK global professional education body for bankers. The virtual session titled ‘Frontiers of Green ...

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc), and Mubadala Investment Company (Mubadala), on Friday announced a strategic transaction involving Borealis AG (Borealis), one of Europe’s leading petrochemical companies. Under this agreement, Adnoc will acquire a 25 percent shareholding in Borealis from Mubadala. Upon completion of the transaction, which is subject to customary closing conditions and regulatory ...

  Dubai / WAM Dubai Financial Market Company announced its consolidated financial results for the first quarter of the year ending March 31, posting a 17 percent increase in its net profit to AED 27.5 million, compared to AED 23.4 million during the corresponding period of 2021. The company’s total consolidated revenue has increased by 7 percent to AED 78.6 ...

  Dubai / WAM The United Arab Emirates has announced the launch of a new space mission to the International Space Station (ISS) that will last for six months. The Mohammed bin Rashid Space Centre (MBRSC) signed a new strategic cooperation in human spaceflight with Axiom Space Inc. a leading human spaceflight and infrastructure company. His Highness Sheikh Mohammed bin ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) has reported its financial results for the three-month period ended March 31. The group produced a strong set of results with a net profit of AED5.1 billion, up 107 percent from AED2.5 billion in the first quarter of 2022. The results represent the highest quarterly net profit in the bank’s ...

Abu Dhabi / WAM The General Pension and Social Security Authority (GPSSA) revealed that value of government support for Emiratis working in private sector, as part of the contribution calculation salary, reached AED87.74 million in 2021. Ibrahim Shukralla, Head of GPSSA’s Government Communications Office, said the total share of monthly contributions due from insured individuals employed in government and private ...