ABU DHABI / WAM The Federal Tax Authority (FTA) is taking part in the UAE’s Innovation Week, which was launched last week, under the slogan ‘UAE Innovates 2021’, with the aim of enhancing an innovation culture and encouraging community participation in designing and developing future experiences and initiatives. Khalid Al Bustani, Director-General of the FTA, said that the authority’s participation ...
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Dubai / WAM Dubai Chamber of Commerce and Industry revealed that members’ exports to Central Africa and Western Africa recorded a surge of 85% and 57%, respectively, in January 2021, compared to the same month in the previous year. The total value of member companies’ exports targeting the African continent reached AED2.9 billion during the same month, marking a 4.2 ...
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Dubai / WAM DP World, UAE Region, has announced the completion of implementing ZODIAC, a Terminal Operating System (TOS), in Jebel Ali Port’s Container Terminal 3 (CT3). The move represents an additional step to fulfill DP World, UAE Region’s vision to lead smart transformation in its ports and logistics hub. The fully automated system includes advanced solutions for remote control ...
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Dubai / WAM Emirates airline will boost its frequencies to Sudan with the introduction of daily flights to and from Khartoum starting on March 9. The introduction of additional frequencies will provide more options and added convenience for those wishing to travel to Dubai and beyond to Emirates’ network of over 90 destinations. Emirates continues to take measured steps to ...
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GAZA / WAM Many Palestinians have commended the UAE’s move to provide the coronavirus vaccine to the Gaza Strip, in light of the long-imposed blockade that hinder the delivery of Covid-19 vaccines into the Strip. In a statement to the Emirates News Agency (WAM), Palestinian human rights activist Khalil Abu Shamala said that Gaza Strip is witnessing a deterioration in ...
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Bloomberg From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether Opec+ will provide enough of them. A crude glut that piled up during the pandemic is vanishing fast. Global inventories are plunging at the steepest rate in two decades, according to ...
Read More »ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi, in his capacity as Chairman of the Supreme Council for Financial and Economic Affairs, has issued a resolution to form the board of directors of Abu Dhabi National Oil Company (Adnoc), chaired by His Highness Sheikh Mohamed bin Zayed Al Nahyan. The board ...
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ABU DHABI / WAM First Abu Dhabi Bank (FAB) has approved the distribution of 74 percent cash dividends (AED 0.74 per share, implying total cash dividends of AED8.08 billion) for the financial year ended on December 31, 2020, after concluding its General Assembly Meeting (GAM) on Sunday. Registered owners of FAB shares as on March 10, 2021 (i.e. buyers on ...
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ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre located in Abu Dhabi, announced on Sunday that it has enacted the Electronic Transactions Regulations 2021. The objective of these Regulations is to confirm that electronic signatures, contracts, records and documents are legally enforceable in ADGM as the traditional non-electronic (that is, physical) versions. The need ...
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ABU DHABI / WAM Abu Dhabi Commercial Bank PJSC (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance PJSC (ADF). The transaction provides further growth for ADCB’s retail and SME businesses in line with the bank’s UAE-centric strategy and prudent risk management framework. ADF was established in 2008 as an Abu Dhabi-focused ...
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