News

  Abu Dhabi / WAM The UAE economy has quickly survived the economic impact of the Covid-19, with near-term economic growth being strong, underpinned by a rebound in domestic activity, while elevated oil prices support high surpluses in the fiscal and external balances, according to a top IMF official. “Economic growth has been robust this year, led by a strong ...

  Abu Dhabi / WAM The Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Programme following the issuance of the Federal Decree-Law on Taxation of Corporations and Businesses. The launch of the programme was announced during a media briefing held on Thursday by the ministry to raise public awareness of corporate tax in the UAE and abroad. ...

Sharjah / WAM The Sharjah Research, Technology and Innovation Park (SRTIP) is increasing the investment in 3D printing with the goal of promoting innovation in a number of sectors and industries, including the crucial manufacturing sector. With the UAE becoming a global competitor in the field of 3D printing, Sharjah is steadily moving towards taking a frontline position in this ...

  Abu Dhabi / Gulf Time With over 1.5 million passengers expected over the winter break, Etihad Airways, the national airline of the UAE, will be celebrating the festive season in the sky with a special-themed menu and props for guests on board selected flights. Over the festive period, the classic festive themed menu will be available from December 23-25 ...

  Dubai / WAM Enoc group has announced the opening of its latest compact station in the Al Aqran area of Umm Al Qaiwain. This marks the second compact station opening in the emirate, and the fourth across the UAE this year. The new site has been strategically located to offer greater convenience to motorists, catering to traffic coming to ...

  Dubai / Gulf Time Dubai-based flydubai announced on Thursday that it has enabled more than 130,000 football fans to travel conveniently to take part in the biggest football tournament in the world. The carrier has operated 1,290 flights between Dubai World Central (DWC) and Doha International Airport (DIA) between November 21 and December 19. Passengers from 171 countries travelled ...

Bloomberg After a jarring six months marked by sweeping policy promises, U-turns and four Chancellors of the Exchequer, UK financiers head into 2023 uncertain that the coming year will finally usher in substantive reforms to the City of London. Current Chancellor Jeremy Hunt promised in this month’s Edinburgh Reforms to “turbocharge growth” for the country’s banks, insurers and asset managers. ...

  Bloomberg Sanofi and Pfizer have agreed to settle a California man’s lawsuit over Zantac in the first case set for trial on claims the heartburn drug can cause cancer. Sanofi confirmed the deal in a statement, without saying what it had agreed to pay James Goetz to resolve his allegations that Zantac led to his bladder cancer. “Sanofi settled ...

  Bloomberg Spain was chided by the European Union’s (EU) top court for failing to clean up dirty air in the capital Madrid and also in parts of Barcelona. The EU Court of Justice in a ruling said Spain didn’t take the necessary measures in time to avoid exceeding the limits of nitrogen dioxide. The European Commission in 2020 sued ...

Bloomberg Tesla Inc is offering US consumers $7,500 to take delivery of its two cheapest models before year-end, a move likely to foment more debate over the extent of the carmaker’s struggle with demand. The discount Tesla is dangling on new Model 3 sedans and Model Y sport utility vehicles is double what the company was offering earlier this month, ...