Ras Al Khaimah / WAM Ras Al Khaimah Tourism Development Authority (RAK TDA) on Sunday announced a strategic, high-impact investment programme that will position the emirate as one of the most preferred destinations for tourism and investments in affordable luxury. Endorsed by the government of Ras Al Khaimah, the new initiative, SelectRAK, is rolled out in partnership with Arton Capital, ...
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ABU DHABI / WAM The UAE participated in the G20 Finance Track’s second Global Partnership for Financial Inclusion (GPFI) meeting, which took place virtually. The meeting discussed the Covid-19 repercussions on remittances, future developments and possible solutions to existing challenges for cross-border payments and remittances, digital financial solutions to promote resilience and financial literacy, and Micro, Small & Medium Enterprises ...
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Dubai / WAM Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, in association with the American University in Dubai (AUD), has added a new business incubator to its expanding network of certified business incubators and accelerators. The new incubator at AUD embodies the vision laid down in the 50 Year Charter ...
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ABU DHABI / WAM International Holding Company (IHC) subsidiary, Alpha Dhabi Holding PJSC (Alpha Dhabi), one of the fast-growing investments holding companies in the Middle East, and a leading real estate and construction companies in the UAE, has completed a direct listing of the company on the Abu Dhabi Securities Exchange (ADX). Trading of its shares commenced on Sunday under ...
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a new structure of Dubai Chambers’ board, on Sunday, to drive Dubai’s economic transformation and place the city as a global business hub. “We approved the new structure of the three Dubai chambers: Dubai Chamber of ...
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Bloomberg The International Monetary Fund (IMF) board gave its unanimous support to a proposal to create a record $650 billion of new reserves for its members, bringing the plan to increase resources for nations struggling with the pandemic one step closer to final approval. All members attending the meeting of the executive board — composed of 24 individuals from IMF ...
Read More »Abu Dhabi / WAM The Federal Tax Authority (FTA) has called on tax registrants in the UAE to benefit from the penalty redetermination scheme introduced by Cabinet Decision No 49 of 2021 on Amending Some Provisions of Cabinet Decision No 40 of 2017 on the Administrative Penalties for Violation of Tax Laws in the UAE, which will be effective from ...
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MORONI / WAM The UAE Ambassador to the United Republic of Comoros, Saeed Mohamed Al Meqbali, has met with the Speaker of the Assembly of the Union of Comoros, Abdou Moustadroine, in the capital, Moroni. During the meeting, they discussed ways to enhance cooperation between the two countries across various sectors, ways to develop bilateral ties, in addition to several ...
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Bloomberg Oil posted its fifth straight weekly gain, the longest winning streak since December, as demand recovers and supplies continue tighten in the US and China. Futures in New York rise 3.4% this week to the highest level since October 2018. Demand continues to rebound while the market expects output will only get a modest increase from the Opec+ alliance, ...
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Sharjah / WAM Bano Puratos, the leading Belgian-Lebanese manufacturer and supplier of innovative products of raw materials, utensils and machinery used in the chocolate, bakery, pastry, and ice cream industry, has announced expansion plans to double its monthly production capacity from 300 to 600 tonnes and increase the list of products from 45 to 150, in 2022. Bano’s production capacity ...
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