News

Alef Education lists on Abu Dhabi Securities Exchange

ABU DHABI/WAM Shares of Alef Education Holding plc today began trading on the Abu Dhabi Securities Exchange (ADX), marking the introduction of the first EdTech company on the ADX and the first company to go public on the Exchange in 2024. Abdulhamid Mohammed Saeed Alahmadi, Chairman of Alef Education’s Board of Directors, and Geoffrey Alphonso, Chief Executive Officer of Alef ...

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UAE National Pavilion showcases defence, security innovations at ‘Eurosatory 2024’ in France

ABU DHABI/WAM The UAE National Pavilion will participate in the Eurosatory 2024 International Defence and Security Exhibition, which will be held in Paris from 17-21 June. This exhibition is considered a strategic defence and security technology event, bringing together over 1,750 companies from 62 countries worldwide. This year’s edition, “Protect Your Future,” focuses on innovation and advanced technologies in defence ...

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Family Care Authority launches One Family initiative

ABU DHABI / AD MEDIA OFFICE The Family Care Authority (FCA) has launched a unified outreach initiative under the name One Family, uniting and centralising all FCA’s community outreach and engagement efforts, ranging from community events and activations to workshops and training programmes. The initiative aims to allow individuals to easily access and understand FCA’s wide range of services while ...

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Abdullah bin Zayed meets with Qatari PM in Amman

AMMAN/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met with Sheikh Mohammed bin Abdulrahman Al-Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar, on the sidelines of the “Call for Action: Urgent Humanitarian Response for Gaza” Conference, held today in the Hashemite Kingdom of Jordan. The two top diplomats discussed the outcomes ...

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Etihad Airways, Egyptair sign MoU to deepen relationship

ABU DHABI/WAM Etihad Airways and Egyptair have signed a Memorandum of Understanding to enhance commercial and operational ties to provide travellers with wider choices, higher quality services and increased value. Antonoaldo Neves, Chief Executive Officer of Etihad Airways, said, “This agreement will help further deepen our codeshare with EGYPTAIR opening up seamless travel for guests of both airlines across our ...

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FTA issues clarification on registration timelines for taxable persons for Corporate Tax

ABU DHABI/WAM The Federal Tax Authority (FTA) has issued a Public Clarification on the Registration Timelines for Taxable Persons for Corporate Tax, to further explain and clarify the specific deadlines for the different categories of Taxable Persons subject to Corporate Tax, and to encourage them to submit their Tax Registration application to the FTA. The Public Clarification underscores FTA’s commitment ...

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Founder’s Office, National Library and Archives sign collaboration agreement

ABU DHABI/WAM Sheikh Zayed bin Hamad Al Nahyan, Chairman of The Founder’s Office (TFO), and Hamad bin Abdulrahman Al Midfa, Board Chairman of the National Library and Archives (NLA), have signed a collaboration agreement between TFO and the NLA at TFO’s headquarters in Abu Dhabi. The agreement will allow TFO to leverage a central digital platform that will serve as ...

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UAE Cabinet approves 2,160 new housing decisions for citizens at AED 1.68 bn, launches the ‘Manzili’ bundle for Zayed Housing Program beneficiaries

DUBAI/WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a new housing approval package for citizens valued at AED 1.682 billion. The package includes 2,160 decisions for beneficiaries of housing assistance in June 2024 under the Sheikh Zayed Housing Program. The Cabinet ...

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World Bank predicts UAE’s real GDP will rise to 4.1% in 2025

WASHINGTON/WAM The UAE’s real GDP is projected to grow by 3.9 percent in 2024 and expand to 4.1 percent in 2025, according to the World Bank’s latest Global Economic Prospects report. In April 2024, the World Bank raised its forecast for real GDP growth in the UAE to 3.9 percent in 2024, compared to its January forecast of 3.7 percent. ...

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UAE continues to demonstrate growth in its non-oil sectors: OPEC

VIENNA/WAM The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) shows that the UAE continued to demonstrate growth in its non-oil sectors, registering a 6.7 percent expansion, y-o-y, in 4Q23, up from 5.8 percent in 3Q23. In its Monthly Oil Market Report (MOMR) for June 2024, OPEC says that the construction growth accelerated to 8.4percent in 4Q23 ...

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