News

ABU DHABI / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority-Land and Maritime (FTA) highlighted the keenness of the UAE Government to provide incentives and adopt appropriate laws to encourage the growth of the country’s maritime sector, and keep pace with the country’s future goals. In his statement to ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) launched several health projects in Pakistan, as part of its development initiatives for the ‘Year of Tolerance’. The projects include the restoration of the Kidney Treatment Centre in Khyber Teaching Hospital in Peshawar, which received ten kidney dialysis machines and other medical equipment, and the Institute of Kidney Diseases Hayatabad Peshawar, ...

SHARJAH / WAM Pearl Initiative held a stakeholders’ meeting, in collaboration with Nama Women Advancement, to discuss data for research currently being undertaken within the Pearl Initiative’s Diversity in Business Leadership programme. The research includes an online survey that will be used to build a report entitled, “Women in the Economy: The Gulf Region Outlook”, to be published in December ...

AJMAN / WAM Ajman Tourism Development Department (ATDD) and Umm Al Qaiwain Tourism and Archaeology Department have signed a Memorandum of Understanding (MoU) to support tourism research. The MoU aims to promote coordination and cooperation on tourism projects and initiatives in the interest of exchanging experiences and applying best practices. It also aims to promote cooperation in terms of joint ...

MOSCOW / WAM Dubai Customs has explored means to enhance cooperation with Saudi Arabia during a meeting between Director-General of the department Ahmed Mahboob Musabih and Abdul Hadi Mohammed Al-Shafi, the Saudi Consul-General in Dubai. The two discussed means of boosting cooperation between Saudi Arabia and Dubai especially in bilateral trade and customs business. “It’s very important for us to ...

ABU DHABI / Emirates Business ADCorp Ltd, the ADGM-based Islamic financial institution, has announced a new partnership with Sands Capital Management LLC, a leading independent investment manager based in the US. The partnership will see the two institutions working together to offer Shariah-compliant portfolios and funds, with Sands Capital acting as an advisor on exclusive products for ADCorp’s clients. The ...

ABU DHABI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the Federal Tax Authority (FTA), has issued FTA Decision No. (1) of 2019, setting a daily maximum of AED7,000 for cash refunds of value added tax (VAT) for tourists applying through the tax refunds for tourists scheme. In ...

Bloomberg Indonesia said it will crack down on trash imported from the world’s richest countries after closer inspections showed it’s increasingly the recipient of toxic waste materials. Authorities at ports have boosted checks after a random inspection in May led to the discovery of more than 80 containers containing illegal waste from the US, Australia and Europe. One of Australia’s ...

Bloomberg India is contemplating organising an annual global investors’ meet in the country, akin to the World Economic Forum in the alpine resort of Davos, to carve out a bigger global role for itself. The move will help create a niche for Asia’s third-biggest economy within the international financial system, Finance Minister Nirmala Sitharaman said in her budget speech. China ...

Bloomberg Grameenphone, the Bangladesh division of Norway’s Telenor Group, said the local telecom regulator’s move to restrict internet bandwidth for its services was “illegal”, as the company continues to pursue arbitration over an audit demand of nearly $1.5 billion. Bangladesh’s largest mobile company said at a press conference the regulator’s move to restrict internet access was “specially designed to put ...