News

Abu Dhabi / WAM The Federal Tax Authority (FTA) clarified via a guide that Value Added Tax (VAT) is applied on e-commerce services (also known as “electronic commerce”, sometimes referred to as the “digital economy”) upon their actual use or enjoyment in the UAE. Users should note that although many of the general rules of VAT apply to e-commerce, there ...

Dubai / Emirates Business Emaar Malls, the developer of premium shopping malls and retails assets including The Dubai Mall, majority-owned by Emaar Properties, reports revenue of AED1.657 billion in the first half of 2020 (January to June). With a first-half net profit of AED345 million, the result demonstrates the resilience of the business. Commenting on the results of the first ...

Beijing / WAM The UAE Ambassador to China has said that both the UAE and China have been making headway in technological innovation and achievements. “This is a seismic age for technology, from the apps we use on our phones and new ways of working to high technology itself,” Dr Ali Obaid Al Dhaheri wrote in an Op-Ed in the ...

Dubai / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) held a remote video meeting with Bernard Tabary, CEO International at Keolis Group; a leading French firm and operator of passenger transport on various transit modes. The meeting discussed cooperation and exchange of expertise between RTA and Keolis. ...

Abu Dhabi / WAM Modon Properties, mandated by the Government of Abu Dhabi to develop integrated tourism destinations and sustainable residential communities, signed a long-term lease agreement with LuLu Group International for the operation of retail outlets at the Courtyard Mall complex in Riyadh City, Abu Dhabi. The agreement is the result of Modon’s ongoing cooperation with leading retailers as ...

DUBAI / WAM Oman Insurance Company announced that it has posted a net profit of AED110.2 million in the first half of this year, a four percent increase as compared to the same period last year while having increased its solvency above 250 percent. Total Gross Premium Written (GPW) at the end of H1 2020 is AED2.1 billion (+3 percent ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the Mohammed bin Rashid Medical Research Institute, the UAE’s first independent biomedical research centre on Tuesday. Deputy Ruler of Dubai HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum; Chairperson of the Board of Trustees of ...

Abu Dhabi / WAM Etihad Guest, the award-winning loyalty programme of Etihad Airways, together with Adnoc Distribution, have expanded their partnership to bring greater reward benefits to members through a reciprocal agreement. “This partnership is an extension of the decades-long relationship between Etihad Airways and Adnoc Distribution, and the first partnership allowing members of both loyalty programmes to convert reward ...

New York / WAM The United Arab Emirates has reiterated its support for the people of Lebanon during a virtual briefing on the humanitarian situation in the country in the wake of the tragic Beirut explosion on August 4. “Our hearts go out to the people of Lebanon,” said Amiera Alhefeiti, Deputy Permanent Representative and Charge d’Affaires of the UAE ...

Abu Dhabi / WAM Seven new drive-through coronavirus screening centres have opened across the country. Seha’s Ambulatory Healthcare Services announced on Tuesday the launch of laser-based DPI testing (blood test) for people wanting to enter or renter Abu Dhabi at selected drive-through screening centres. “During the first phase, the service will be provided at screening centres in Zayed Sports City ...