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DUBAI / WAM Dubai Financial Market (DFM) in partnership with Al Maryah Community Bank (Mbank), has launched IPO Upgrade as part of DFM IPO subscription process, a new feature designed to empower investors by providing subscription leverage for selected Initial Public Offerings (IPOs). Mbank provides the IPO Upgrade service by offering investors up to five times leverage based on provisions ...

ABU DHABI / GULF TIME The Ministry of Finance (MoF) has announced amendments to Ministerial Decision Nos (261) of 2024 on unincorporated partnerships, foreign partnerships and family foundations for the purposes of Federal Decree-Law No 47 of 2022 on the taxation of corporations and businesses and its amendments. The revised ministerial decision shall apply for tax periods commencing on or ...

ABU DHABI / WAM Air Expo is gearing up to host the inaugural Middle East Aviation Careers (MEAC) Trade Show and Conference during Air Expo Abu Dhabi 2024, which takes place from November 19 to 21 at the Abu Dhabi National Exhibition Centre (ADNEC). The event marks a significant move to inspire and nurture the next generation of aviation professionals, ...

DUBAI / WAM Schneider Electric, a global leader in the digital transformation of energy management and automation, has signed a memorandum of understanding (MoU) with DP World, the leading provider of global end-to-end logistics solutions, to accelerate the upskilling of Emirati youth in sustainability and digital technologies. The signing ceremony was held in the presence of Jean-Pascal Tricoire, Schneider Electric’s ...

ABU DHABI / WAM Moza Obaid Al Nasri, Acting CEO of the Khalifa Fund for Enterprise Development and Executive Director of the SME Sector at the Abu Dhabi Department of Economic Development, revealed that SMEs in Abu Dhabi constitute over 90 percent of total businesses, employing nearly half of the workforce and contributing 42.8 percent to the emirate’s non-oil GDP. ...

SHARJAH/WAM HH Sheikh Sultan bin Ahmed Al Qasimi, Deputy Ruler of Sharjah and Chairman of the Sharjah Media Council, inaugurated the “Rumi: 750 Years of Absence… Eight Centuries of Presence” exhibition, which will run until February 14 2025, at the House of Wisdom (HoW) in Sharjah. Upon arrival, Sheikh Sultan was received by Sheikha Bodour bint Sultan Al Qasimi, Chairperson ...

ABU DHABI/ AD MEDIA OFFICE Abu Dhabi Department of Education and Knowledge (ADEK) is continuing to advance public early education opportunities with the opening of eight new public nurseries, bringing the total of Al Ghad Nurseries to ten, which will be fully operational by December 2024. The new public nurseries will offer more than 2,300 seats across Abu Dhabi and ...

ABU DHABI/AD MEDIA OFFICE The Emirates Nuclear Energy Company (ENEC) has launched a new brand identity that aims to reflect the company’s transformation as a strategic national player for clean energy security, with plans to become a leading global nuclear energy company. The rebranding follows ENEC’s transformation of the UAE power sector with a new source of clean, baseload electricity ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, have sent congratulatory messages to Sultan Haitham bin ...

BAKU/WAM In a landmark commitment to global climate action at COP 29, Saeed Mohammed Ahmed Al Tayer, Chairman of the World Green Economy Organisation (WGEO), and Abdallah Al Dardari, UN Assistant Secretary-General & Director of the Regional Bureau for Arab States at the United Nations Development Programme (UNDP), signed a new partnership agreement to boost their collaboration on fostering a ...