News

DUBAI / WAM The Dubai Financial Services Authority (DFSA) has invited applications from local and international companies to apply to join its 2020 Summer Cohort. Successful cohort applicants will be invited to apply to enter the DFSA’s version of the regulatory sandbox, known as the Innovation Testing Licence (ITL). A statement issued by the authority noted that the DFSA “welcomes ...

SHARJAH / WAM The Sharjah Social Services Department (SSSD) is keen to deliver emergency social assistance to the homes of low-income families to provide adequate support for their basic needs. The social assistance for the emergency cases is to provide important life necessities, food, and other emergency assistance as a gift card “Al-Bashama” issued by the Sharjah Cooperative Society and ...

ABU DHABI / WAM Fees of 94 electronic services have been reduced by the Ministry of Economy according to the Cabinet Resolution no. 20 of 2020. The ministry published on its website a list of these services whose fees have been reduced by 17 percent to 98 percent. The reduced fees covered a wide scope of activities, including, but not ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has ordered the release of 874 prisoners of different nationalities from Dubai’s correctional and punitive establishments, ahead of the Holy Month of Ramadan. Attorney General of Dubai Chancellor Essam Issa Al Humaidan said that His Highness’s order to pardon the prisoners ...

DUBAI / WAM DP World has launched cutting-edge online logistics tools and services, covering sea, land and air shipping around the world. According to a press statement, the connected ecosystem of platforms will enable freight forwarders and any business, to book shipments of cargo from and to anywhere in the world, by any combination of sea, land and air. The ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has issued a directive, on an exceptional basis, extending to 28 May the deadline of submitting VAT returns and the payment of due tax for the tax period ended March 31, enabling taxable persons to meet their tax obligations without facing any difficulties. “This comes in light of the Federal Tax ...

Dubai / Emirates Business The UAE’s status as a vital global logistics hub is helping the global community effectively navigate the coronavirus pandemic – according to a new analysis by Dubai Chamber of Commerce and Industry (Dubai Chamber). Titled ‘UAE Logistics Sector – Connectivity and Resilience,’ the analysis highlights the country’s busy air cargo routes, high maritime freight connectivity, well-established ...

SHARJAH / WAM Dana Gas shareholders approved on Wednesday to distribute a 5.5 fils cash dividend for the financial year ended December 31, 2019. The move was made during the company’s annual general meeting, during which a feasibility study to separate the Dana Gas’ upstream and midstream businesses in a demerger was also given the green light by shareholders. The ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with his Canadian counterpart François-Philippe Champagne, bilateral relations and joint cooperation between the two countries. In a telephone call, Sheikh Abdullah offered his sincere condolences to Francois Philippe Champaign, the Canadian government and the friendly Canadian people on the victims ...

ABU DHABI / WAM Etisalat Group on Wednesday announced its consolidated financial statements for the three months ending March 31, while also approving an interim dividend payout of 25 fils per share. In a statement the telecommunications group noted that its consolidated revenues amounted to AED13.1 billion representing a year over year increase of one percent while consolidated net profit ...