News

Bloomberg First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, reported its financial results for the nine-month period ending on September 30, on Monday. According to FAB financial statement, the group posted a net profit of AED9.1 billion, up 12 percent year-on-year; annualised Earning Per Share (EPS) at AED1.07; third ...

Emirates Business The Federal Tax Authority (FTA) has announced that tax refund for tourists scheme goes into effect on November 18, allowing eligible tourists to request refunds of the value added tax (VAT) incurred on their purchases. The first phase will see the digital system of the tax refund for tourists scheme implemented at Abu Dhabi, Dubai and Sharjah International ...

Bloomberg Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the US and China prompts companies to shift production to the region. Vietnam saw manufacturing inflows jump 18 percent in the first nine months of 2018, driven by investme- nts including a $1.2 billion polypropylene production project by South Korea’s Hyosung Corp, according ...

ABU DHABI / WAM The Facility Management Division of Abu Dhabi General Services Company, Musanada, has carried out maintenance of 120,000 assets belonging to 1,000 buildings for 31 government clients across Abu Dhabi, Al Ain and Al Dhafra region, totalling AED468 million. Helal Al Blooshi, Musanada’s Acting Executive Director of Facility Management Division (FMD) said that company’s call centre receives ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, and Saudi national flag carrier, Saudia, have announced a new codeshare partnership, providing customers with access to more than 40 leisure and business destinations in the home markets and across the world. In addition to the codeshare agreement, the two carriers also announced plans for ...

Dubai / WAM “We are not here to just share best practice, but also challenges,” said experts at the first session kicking off on day one of the UN World Data Forum 2018. Moderated by Craig Hammer, Programme Manager at the World Bank and Secretary of the World Bank’s Development Data Council, the first session – titled “New Approaches to ...

Sharjah / WAM The third edition of the “Investing in the Future” International Conference (IIFMENA 2018), will be launched this coming Wednesday at Al Jawaher Reception and Convention Centre in Sharjah, in the presence and under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and his wife, Her Highness Sheikha ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Monday Boyko Borissov, the Prime Minister of Bulgaria, and his accompanying delegation at Zabeel Palace. During the meeting, which was attended by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Sheikh ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that building the future is not merely an improvisational decision but a strategic plan based on knowledge and clear goals. His Highness also said that decisions related to the future of human being and humanity should be ...

Dubai / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, attended on Monday the opening of the second United Nations Data Forum 2018 in Dubai. The three-day forum will bring together more than 2,500 data experts, high-ranking government officials and prominent policy makers from 120 countries around the ...