GANDHINAGAR / WAM Narendra Modi, Prime Minister of the Republic of India, met with Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Dr Ahmed Al Banna, UAE Ambassador to India. They explored prospects for further cooperation between the UAE and India, building on the strong existing ties between the two countries, and discussed ways to ...
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Oil hits 2-month high on trade hopes
Bloomberg Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3 percent in New York to cap the third straight weekly increase. Bloomberg News reported China proposed a six-year shopping binge for American goods, diminishing concerns about a brake on economic ...
Read More »Lifting trade barrier key to Africa’s growth: DP World
DUBAI / WAM The key to African economic emergence lies in the removal of barriers, increased connectivity between nations and infrastructure development, DP World’s Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, told African leaders and top executives in Dakar, Senegal. “We believe in viability of Africa, we believe in investing in the continent, during our investment in ...
Read More »UAE-India bilateral trade to exceed $100 billion by 2020
GANDHINAGAR, India / WAM Narendra Modi, Prime Minister of the Republic of India, today met with Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Dr. Ahmed Al Banna, UAE Ambassador to India. They explored prospects for further cooperation between the UAE and India, building on the strong existing ties between the two countries, and discussed ...
Read More »ERC supports energy sector in Yemen’s Hadramaut
HADRAMAUT / WAM A power generator has been delivered by the Emirates Red Crescent (ERC) on Saturday in the Ramah district in Hadramaut Desert, as part of the continuous Emirati support for the energy sector in particular and infrastructure of the entire region in general. Sheikh Mohamed Ahmed Al Menhali, representative of the Ramah Local Council, expressed thanks to the ...
Read More »Sheikha Fatima Field Hospital opens in Karachi
Karachi / WAM The Sheikha Fatima Field Humanitarian Hospital has been opened in Karachi by Hamad Obeid Ibrahim Salim Al Zaabi, the UAE Ambassador to Pakistan, to provide therapeutic, diagnostic and preventive services to underprivileged segments of society, primarily women, children and elderly people, in Pakistan. Noura Al Suwaidi, Director of the General Women’s Union, said the facility, which provides ...
Read More »ADFD finances renewables projects worth $1.18bn
Abu Dhabi / WAM From its inception in 1971 until December 2018, the Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has financed hundreds of development projects worth AED4.4 billion ($1.187 billion) in the renewable energy sector around the world. Driving the objectives of the United Nations’ Sustainable Development Goals (SDGs), these projects have ...
Read More »UAE Rulers, Sheikhs offer funeral prayers on body of Sheikha Naila bint Rashid Al Nuami
Ajman / WAM A host of UAE Rulers, Sheikhs, dignitaries and officials on Saturday gathered at the Al Rawdha Mosque at the Al Jurf Area in Ajman to perform funeral prayers on the body of Sheikha Naila bint Rashid Al Nuaimi, the sister of HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, who passed ...
Read More »FTA issues guidelines for foreign business refunds
ABU DHABI / WAM The Federal Tax Authority (FTA), has outlined four conditions that would allow foreign businesses to recover Value Added Tax (VAT), incurred in the UAE in a new guide on “VAT Refunds for Business Visitors”, published on its official website. To be eligible for the VAT refund, the first condition is that foreign businesses must not have ...
Read More »Dubai Tourism signs deal to ease payment methods
DUBAI / Emirates Business Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) and Al Ansari Exchange, a leading UAE-based foreign exchange and worldwide money transfer company, have signed an agreement to facilitate payments for a range of tourism and travel-related services. Under the agreement, partners of Dubai Tourism including hotels, event organisers, tour operators and tourism companies will be ...
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