News

Etihad, Amadeus ink deal on next-gen travel technology

ABU DHABI / WAM Etihad Airways is set to embark on a major digital transformation following the signing of a landmark multi-year deal with Amadeus. As part of the deal, Etihad Airways will implement the full Amadeus Altéa PSS suite, including web booking, revenue management and merchandising, data management and passenger servicing solutions. These technology products will be customised for ...

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Emirates begins A380 services to Istanbul

DUBAI / WAM Emirates announced on Tuesday that it will introduce the first scheduled commercial Airbus A380 service to Istanbul, Turkey from October 01. For the first time, travellers to and from Turkey will have the opportunity to regularly enjoy the experience of flying on this iconic double-decker jumbo jet. Emirates will operate the A380 on its daily EK123/124 service. ...

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FTA offers reduction of 30% on unpaid penalties

Abu Dhabi / WAM The Federal Tax Authority (FTA) has called again on registrants to benefit from Cabinet Decision No. 49 of 2021 on Amending Provisions of Cabinet Decision No. 40 of 2017 on the Administrative Penalties for Violation of Tax Laws in the UAE. The decision came into effect on June 28, 2021, and includes reductions on administrative penalties ...

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Expo 2020 Dubai set to open up new, immersive world for families

Dubai / WAM Expo 2020 Dubai will open up a whole new, immersive world for families – a magical place that merges the fantasy of a vivid imagination with the reality of a world that needs everyone’s help, where children will encounter breakthrough new discoveries, explore the world’s ecosystems and learn important lessons about our planet and humanity. Magical mascot ...

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Emirates to begin A380 service to Istanbul

Dubai / WAM Emirates announced on Tuesday that it will introduce the first scheduled commercial Airbus A380 service to Istanbul, Turkey from October 1. For the first time, travellers to and from Turkey will have the opportunity to regularly enjoy the experience of flying on this iconic double-decker jumbo jet. Emirates will operate the A380 on its daily EK123/124 service. ...

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Mashreq, Dafza join forces to enhance growth of SMEs

Dubai / WAM Mashreq Bank has signed a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (Dafza) to support and grow the ecosystem of services available to small and mid-size enterprises (SMEs) setting up in the zone. The MoU will ensure Dafza businesses have access to a wide variety of initiatives including API integration, as well as banking services ...

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‘100 Million Meals’ drive: UAE distributes 4.5m meals in Mauritania

Dubai / WAM Around 92,000 underprivileged families and individuals in Mauritania received 4.5 million meals as part of the ongoing ‘100 Million Meals’ food distribution campaign, the largest food distribution drive in the region, aims to provide food support across 30 countries in Africa, Asia, Europe, and South America. Beneficiaries, identified by database of local authorities, received parcels of easy-to-store ...

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SPC Free Zone attracts more than 1,000 businesses

Sharjah / WAM Sharjah Publishing City Free Zone’s (SPC Free Zone) mission of creating a nurturing and supportive environment for businesses has seen it attract more than 1,000 companies since the first half of the year 2021. These include the publishing, printing and translation sectors, commercial, administrative and legal consultants and companies operating in creative sectors. This has been accomplished ...

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China hires its own advisers on Evergrande amid rehaul

Bloomberg China’s government is assembling a group of accounting and legal experts to examine the finances of China Evergrande Group, a potential precursor to a restructuring of the world’s most indebted developer. Regulators in Evergrande’s home province of Guangdong dispatched a team last month from King & Wood Mallesons, a law firm whose specialties include restructuring, two people familiar with ...

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Taiwan’s Gogoro in merger talks with Poema SPAC

Bloomberg Gogoro, a Taiwanese startup that specialises in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp, a blank-check firm, according to people with knowledge of the matter. The deal is set to value the combined company at $1 billion or more, the people said, asking not to be identified as the information ...

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