News

DUBAI / WAM The Roads and Transport Authority (RTA), signed a Memorandum of Understanding (MoU), with the Dubai Corporation for Ambulance Services enabling the issuance of approvals for ambulance vehicles operated by private health entities online. This move is a part of the RTA’s strategy to step up cooperation with all Dubai government departments and share information and knowledge in ...

Dubai / Emirates Business FinTech Hive at DIFC, the first and largest financial technology accelerator in the Middle East, Africa and South Asia region, will begin accepting applications for its 2018 programme starting May 20, kicking off a competitive search for the top financial technology (fintech) and insurance technology (insurtech) innovators in the region. The FinTech Hive at DIFC was ...

DUBAI / WAM Etihad Museum, an entity managed by Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, launched a ‘Teachers Pack’ as part of the educational programmes to celebrate International Museums Day. Dubai Culture partnered with the Ministry of Education and the Knowledge and Human Development Authority (KHDA) to launch the ‘Teachers ...

New York / WAM In a strong statement to the UN Security Council, the UAE expressed concern with growing disrespect for international law around the world, and particularly in the Middle East, at an Open Debate on upholding international law and the maintenance of international peace and security. The debate was hosted by Andrzej Duda, the President of Poland, which ...

Abu Dhabi / WAM The Federal Tax Authority (FTA) has set three requirements and procedures for UAE nationals to refund Value Added Tax (VAT) incurred on the new residences. The conditions state that in order to refund VAT, applicants must be UAE national; the monetary cost in question must have gone towards financing the construction of a new residence, set ...

BRATISLAVA / WAM Gen. (Ret.) John Allen, President of the Brookings Institution, has commended the role the UAE has played as a global ally in the fight against terrorism and violent extremism. Allen’s remarks came during a panel discussion during the GLOBSEC2018 Bratislava Forum, entitled ‘The Middle East in Turmoil: Achieving Lasting Stability’. Dr. Anwar bin Mohammed Gargash, Minister of ...

Fujairah / WAM Fruit production in the Emirate of Fujairah rose to 42,061 tonnes in 2017, compared to 34,408 tonnes in 2016, a rise of 22 percent, according to the 2017 edition of the yearbook of the Fujairah Statistics Centre. The total value of fruit crops rose from AED 238.1 million to AED 289.98 million, an increase of 21.8 per ...

Abu Dhabi / WAM The UAE gives proper attention to systems of measurements as part of its efforts to support science and technology and quality infrastructure, stated Abdullah Al Maeeni, Director-General of the Emirates Authority for Standardisation and Metrology (ESMA). Al Maeeni said the UAE joined the International Bureau of Weights and Measures (BIPM), as a key member in 2016 ...

Bloomberg Crude in London posted the longest stretch of weekly gains since 2011 in a market seen as being increasingly balanced as a result of OPEC’s produ-ction cuts. Both Brent and West Texas Intermediate crude slipped, paring weekly gains. Global prices have been supported this week by concerns over US sanctions against Iran, shrinking stockpiles and production shortfalls in Venezuela. ...

Bloomberg Some of the world’s biggest fund managers are ratcheting up the pressure on oil and gas companies, expressing fear that a lack of action over tackling climate change could risk their investments. The comments come days before Big Oil kicks off annual shareholder meetings, where they are already facing calls from smaller investors to set clear targets on climate ...