News

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has announced that it has secured a syndicated loan of AED1.5 billion through a group of local, regional and international banks to finance its new projects. The loan will be used to expand the capacity and district cooling infrastructure in various projects.

DUBAI / Emirates Business Preparing future generations to adapt to the changes in the workplace brought about by the Fourth Industrial Revolution has never been more critical. Developments in AI, genetics, nanotechnology and biotechnology, to name just a few domains, have transformed the job market irreversibly. It is with this forward-looking premise that the UAE will launch the inaugural Advanced ...

DUBAI / WAM The Federal Tax Authority (FTA), clarified that donations, grants and sponsorships are outside the scope of Value Added Tax (VAT), only when no benefit is received in return. Any benefit in return for such payments will be subject to VAT, the authority said. The authority had issued a new clarification on VAT treatment for donations, grants and ...

Ajman / Emirates Business Ajman Free Zone (AFZ) will participate in the UAE’s Innovation Month of February with an Innovation Forum called Digitalised Workplace, which is open to the public. The event, to be held on February 10 at Marsa Ajman will host a wealth of speakers representing globally recognized businesses Microsoft and Salesforce, for whom innovation has been key ...

Abu Dhabi / WAM Masdar – the Abu Dhabi Future Energy Company – is collaborating with the Ministry of Education (MoE) on its Innovation Ambassador Programme 2019, to support the UAE Vision 2021 through a mutual exchange of knowledge and expertise, empower youth, and build sustainability awareness. A Memorandum of Understanding (MoU), was signed on Tuesday at a special ceremony on ...

Dubai / Emirates Business Dubai World Trade Centre (DWTC) announced that it has won the bids to host 10 new international congresses at the venue from 2019 – 2022. Strengthening Dubai’s position as a distinctive and competitive destination for the MICE (Meetings, Incentives, Conferences and Exhibitions) and business events industry, these high-profile events will bring in approximately 37,000 delegates from ...

Dubai / WAM Emirates Post issued a commemorative stamp to mark the Human Fraternity Meeting held in the capital, Abu Dhabi. The stamp, decorated with the picture of the two prominent religious figures, His Holiness Pope Francis, Head of the Catholic Church, and His Eminence Dr. Ahmad el-Tayeb, Grand Imam of Al Azhar Al Sharif, reflects the values of the ...

Dubai / WAM DP World handled 71.4 million Twenty-Foot Equivalent Units (TEU), across its global portfolio of container terminals in the full year of 2018, with gross container volumes growing by 1.9 per cent year-on-year on a reported basis and 2.9 per cent on a like-for-like basis. Gross volumes were stable in Q4 2018 despite softer volumes in the UAE and ...

Dubai / WAM The Middle East’s Food and Beverage (F&B), industry needs to actively embrace technology to fight increasing food waste in the region, according to experts. Ahead of the first-ever Gulfood Innovation Conference in Dubai next month, to be held at Dubai World Trade Centre (DWTC), from February 18-20, two leading experts on food waste have urged the region’s F&B ...

Abu Dhabi / WAM The Head of the Catholic Church His Holiness Pope Francis, and His Eminence Dr Ahmad el-Tayeb, Grand Imam of Al Azhar Al Sharif, departed the country following a three-day visit to Abu Dhabi. They were seen off at the Presidential Flight by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...