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Official 49th UAE National Day show to take place on Dec 2

Abu Dhabi / WAM The first details of a dramatic live production to celebrate 49th UAE National Day on December 2 have been revealed on Tuesday by the Organising Committee of the Official 49th National Day Celebration. Named “Seeds of the Union”, the spectacular show will take the form of a moving sculpture surrounded by sea and illuminated by digital ...

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Oil nears $41 as vaccine buoying demand hope

Bloomberg Oil extended gains, following Monday’s rally on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand. Crude futures in New York approached $41 a barrel, after advancing more than 10% at one point. It comes after early findings showed that a vaccine developed by Pfizer Inc. and BioNTech SE protects most people from the virus. ...

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UAE’s VAT revenue amounts to AED11.6 billion in eight months

Abu Dhabi / WAM The Ministry of Finance (MoF) announced on Tuesday that from the beginning of January until the end of August 2020, the total value-added tax (VAT) revenue amounted to AED11.6 billion, and the country’s total excise tax revenue amounted to about AED1.9 billion – the latter noting a 47 percent increase in comparison to the same period ...

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