News

Abu Dhabi / Emirates Business National Takaful Company (Watania) announced a net profit of AED18.4 million in 2020, compared to a profit of AED13.1 million in 2019, with a growth rate of 40%, while the ROE for the year 2020 increased by 20%, being one of the highest rates in UAE insurance market, noting that over 75% of it came ...

Abu Dhabi / WAM The Federal Competitiveness and Statistics Centre revealed its recent statistics about women in the UAE, highlighting the fact that Emirati women account for 33.7% of the population. The report included several statistics underscoring the country’s leadership in women’s empowerment, and noting that the recent UAE cabinet reshuffle included 33 ministers, nine of whom are women, and ...

ABU DHABI / WAM Abu Dhabi-based strategic investment company International Holding Company (IHC) reported a net profit of AED 3 billion for 2020, a six-fold, year-on-year increase, driven by a series of acquisitions as well as organic growth across its diversified portfolio. In its fully audited financial statements for the full year 2020, published on 4th March 2021, the Company ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has extended its Covid-19 global wellness insurance cover until September 30, 2021. Martin Drew, Senior Vice President Sales & Cargo, Etihad Airways, said: “Extending Etihad’s Covid-19 global wellness insurance reinforces the effectiveness of Etihad Wellness, the airline’s health and hygiene programme. It’s an added benefit ...

ABU DHABI / WAM The UAE has strongly condemned the Iranian-backed terrorist Houthi militias’ systematic attempts to target civilians and civilian structures in Khamis Mushait, Saudi Arabia, with four “booby-trapped” drones, which were intercepted by the Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE said that the continued threat of these ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has clarified in a bulletin that services provided by artists and social media influencers (SMIs) for consideration are subject to Value Added Tax (VAT). The bulletin outlines that VAT applies to such services provided by artists and social media influencers that include, but are not limited to, any online promotional activities ...

Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) on Sunday convened a number of the UAE’s pharmaceutical and medical industry companies in the fourth session of its ‘Future of Industry Dialogue’ series to discuss ways in which the ministry can drive strong growth of the sector in a post Covid-19 economy. Led by Dr Sultan Al ...

Dubai / WAM There is vast potential for the UAE and Kazakhstan to expand business ties in key sectors and areas of mutual interest, such as food security, agriculture and digitalisation of economic sectors, according to government officials and trade experts who spoke at the latest Global Partnership Series event. The virtual forum, organised by the Dubai Chamber of Commerce ...

DUBAI / WAM Since the dawn of the Union, the UAE has stood out as a beacon of hope for the advancement and empowerment of women and they have played a pivotal role in the development and journey of the UAE, stated Abdullah bin Mohammed Al Hamed, Chairman of the Department of Health – Abu Dhabi (DoH), on the occasion ...

Dubai / WAM Dubai Municipality has won Ideas Arabia international award, organised by Dubai Quality Group, in the “Sustainability” category, through the initiative “Applying Artificial Intelligence System to Monitor and Control Wastewater Treatment Processes at Jebel Ali Plant.” Eng. Mohammad Al Rayes, Director of Sewage Treatment Network and Plants Department at Dubai Municipality, said: “The initiative aims to implement a ...