News

Abu Dhabi / WAM Work has started on Phase III of the UAE Pakistan Assistance Programme (UAE PAP), consisting of 40 projects implemented at a total cost of AED736 million ($200 million), funded by the Abu Dhabi Fund for Development (ADFD). The programme is being implemented in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued a series of tweets on his official Twitter page regarding the eight principles of governance in Dubai. In his tweet, Sheikh Mohammed thanked all those who showed appreciation in the mark of his 50 years of service. ...

Sharjah / WAM SteelFab 2019 will witness the participation of a number of leading countries in the fields of welding and manufacturing of steel and metal. These countries will participate through national pavilions that comprise some of the largest commercial and manufacturing companies in the world. The mega-event will be hosted at Expo Centre Sharjah from January 14-17. SteelFab, which ...

ABU DHABI / WAM Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), asserted that in the first year of implementing Value Added Tax (VAT) in the UAE, the Authority registered many successes from deploying easy-to-use, hi-tech electronic systems to ensuring high compliance rates among businesses across the country. The VAT system has been praised by experts ...

Dubai / Emirates Business Dubai Investments announced that work on the AED 460 million Fujairah Business Centre project, developed by its joint venture entity Al Taif Investment, is 20.5% complete and on track to finish in June 2020, well ahead of its scheduled completion date of Q4 2020. The joint venture between Al Taif Investment and Fujairah Investment Establishment will ...

Dubai / WAM The National Programme for Happiness and Wellbeing has launched 120 practical models to enhance wellbeing in the workplace at both public and private sector entities. The initiative supports government and private entities’ efforts to promote wellbeing concepts and practices in the workplace, and facilitates the implementation of the National Agenda for Wellbeing. The models aim to develop ...

ABU DHABI / WAM Under the directive of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and President of Abu Dhabi University’s Board of Regents, Abu Dhabi University (ADU) is set to name the newest building on its Abu Dhabi Campus ‘Umm Al Emarat’, Mother of the Nation, in honour of HH Sheikha Fatima bint ...

Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (DTCM) or Dubai Tourism is rolling out a set of initiatives to deliver end-to-end ‘Only in Dubai’ experiences to ensure tourists enjoy an unforgettable stay in the emirate and encourage repeat visitation as part of efforts to further strengthen and sustain the city’s world-class propositions. One of the key ...

Bloomberg European natural gas prices look set to fall for the first time in four years in 2019 as buyers keep a close eye on flows from Russia that reached a record last year. With a healthy amount of fuel in storage after a mild start to this winter, the outlook is bearish. That’s being exacerbated by an expected increase ...

Bloomberg Venezuela, once Latin America’s largest oil exporter, ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades. Home to the world’s biggest crude reserves, the country exported 1.245 million barrels a day last year, the lowest since 1990, as production tumbles amid an economic and humanitarian crisis. Financial sanctions imposed by the US ...