News

Abu Dhabi / WAM The Department of Culture and Tourism — Abu Dhabi has announced that it will embark on a four-city roadshow to India along with partners and stakeholders to help promote the emirate and entice even more Indianvisitors to explore and discover Abu Dhabi. The delegation, which includes representatives from Rotana Hotels, Yas Experience, Royal Arabian Destination Management, ...

Dubai / Emirates Business In line with the Dubai Blockchain Strategy, announced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, which mandates that Dubai becomes the world’s first-ever government to execute all applicable transactions using blockchain technology by 2020, the first official Dubai government-hosted event, the inaugural ...

Dubai / WAM Ireland will promote its focus on innovation to a global audience of millions after confirming its participation at the UAE’s celebration of ingenuity, Expo 2020 Dubai. The country’s participation was confirmed in a letter from Ireland’s Prime Minister, Leo Varadkar, which was delivered by Paul Kavanagh, Ambassador of Ireland to the UAE, to HH Sheikh Ahmed bin ...

Abu Dhabi / WAM On the occasion of Mother’s Day, which is marked in the UAE on March 21, HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, said that Emirati mothers have demonstrated their strength and resilience, becoming a role ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, said on Tuesday that relationships between the UAE and Tunisia are growing considerably across areas of economic activities. The minister also stressed the important role played by the private sector in boosting trade and investment ties between the two countries. The non-oil trade between the UAE and Tunisia ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB), has secured a licence from the Saudi Arabia Monetary Authority (SAMA), to establish a commercial banking business in Saudi Arabia as part of its organic growth strategy. The current licence allows FAB to operate up to three branches across the Kingdom, and follows the recent approval from the Capital Market Authority ...

Dubai / WAM The Federal Tax Authority (FTA), and Dubai Land Department (DLD), have confirmed that the UAE’s recently introduced VAT will have a limited impact on the real estate sector. FTA and DLD have stated that all real estate transactions, with the exception of the sale of vacant commercial properties and commercial property leases, will be either not subject ...

DUBAI / WAM Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million. The authorised share capital of Arkan Bank will be $500 million. Arkan Bank is applying to the Dubai Financial Services Authority (DFSA), for approval for a prudential ‘Category 5’ ...

Sharjah/ Emirates Business The Sharjah Business Women Council (SBWC) and the Sharjah Economic Development Department (SEDD), launched a ‘single-window’ service exclusively for female entrepreneurs to accelerate business processing, including applications, permits, visas and licences. SBWC is one of NAMA Women Advancement Establishment’s (NAMA) entities. The NAMA-SEDD initiative is in line with the directives of Her Highness Sheikha Jawaher bint Mohammed ...

Dubai / Emirates Business Meraas announced the winners of its first annual brokers awards at a ceremony held at the Yacht Club at Bulgari Resort & Residences Dubai on Jumeira Bay. The Meraas Brokers Awards were created to recognise the impact leading real estate brokers have had on the industry in Dubai, and the ceremony coincided with an exclusive sales ...