Dubai / WAM Smart Dubai launched the ‘Zakat Al-Fitr’ service on its flagship Dubai Now application, in an effort to embrace technology and provide best-in-class services to customers, in line with the spirit of the Year of Zayed. Dubai Now is an integrated platform, offering 61 smart services from 28 government, semi-governmental and private entities, which targets 11 different customer ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), approved an AED40 million concessionary loan for the development of a rural electrification project in Kalongo, Uganda. Mohammed Saif Al Suwaidi, Director-General of ADFD, and Ajedra Gabriel Gadison Aridru, Uganda’s Minister of State for Finance Planning and Economic Development, signed the loan agreement at the ADFD headquarters in Abu ...

Bloomberg India’s Oil and Natural Gas Corp., which once had $4.3 billion of funds, is now bleeding cash. The state-run company’s cash reserves have shrunk by more than 90 percent in the past year, after it was ordered to purchase the administration’s stake in a refiner and it paid a record dividend. ONGC’s reserves dropped to about 10 billion rupees ...