ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD), on Tuesday signed a Memorandum of Understanding (MoU) with the United States International Development Finance Corporation (DFC), an independent agency of the US Government. The areas of collaboration outlined by the MoU include the exchange of knowledge and expertise between the two parties especially in the field of financing private ...

ABU DHABI / WAM Importing any type of waterpipe tobacco or electrically heated cigarette plugs that are not marked with ‘Digital Tax Stamps’ will be prohibited across UAE as of March 1, asserted Federal Tax Authority (FTA). The ban is in keeping with the timeline set for launching phase two of ‘Marking Tobacco and Tobacco Products Scheme’, the FTA explained, ...

ABU DHABi / WAM The Abu Dhabi National Insurance Company (Adnic) on Tuesday reported its full year financial results for the year ended December 31, 2019, announcing a net profit up 20.7 percent year-on-year to AED284.3 million. According to Adnic’s press release, gross written premium increased by 29 percent year-on-year to AED3.76 billion and net technical profit increased by 1.6 ...