Abu Dhabi / WAM The UAE’s public spending in the first quarter of 2022 totalled AED87.4 billion, an increase of 19.6 percent and equivalent to AED14.34 billion, compared to AED73.7 billion in the same period of the previous year, according to statistics from the Ministry of Finance. The figures also highlighted the fact the country’s public spending in first ...

Dubai / WAM The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide. DIFC is the first financial centre in the world to create a unique offering at a time when an estimated AED3.67 trillion ($1 trillion) in assets will be transferred to the next ...

  Dubai / WAM Enoc group on Monday announced the opening of a new compact service station in Al Salamah 1, Umm Al Qaiwain, making it the second service station in the emirate. The expansion is part of the group’s long-term strategic plan to strengthen its retail presence across the UAE. Spread across 18,800 square feet, the new compact station ...

Abu Dhabi / WAM The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), have announced the introduction of new reporting requirements aimed at certain real estate transactions conducted in the UAE. The UAE is one of the first countries to implement such a mechanism for real estate transactions involving ...

  Abu Dhabi / WAM Adnoc Distribution reported strong first half results for 2022, recording an Ebitda of AED1.99 billion and net profits of AED1.56 billion. Adnoc Distribution witnessed year-on-year growth in total fuel volumes, up 9% in H1 2022 compared to H1 2021, while the company’s corporate fuel volumes recorded sustained growth with a 27% year-on-year increase, underpinned by ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE’s federal export credit company, signed a memorandum of understanding (MoU) to promote increased global trade and investment. Both entities agreed to work together to position the UAE as an ideal destination for trade and investment, highlighting its stable and ...

  Abu Dhabi / WAM The Emirati Talent Competitiveness Council (ETCC), chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court, and ETCC Board Chairman, on Monday launched the “NAFIS..Your Way” campaign. The campaign aims to highlight the success stories of talented Emiratis in the private sector and the benefits of working ...

  Fujairah / Gulf Time BPGIC FZE, a bulk storage provider situated in the Fujairah Oil Industrial Zone and next to the Port of Fujairah, reported that its terminal in Fujairah was not being affected by the recent adverse weather conditions and no damages to the infrastructure were reported. The award winning terminal facilities, which are mainly automated, are designed ...

  DUBAI / WAM The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide. DIFC is the first financial centre in the world to create a unique offering at a time when an estimated AED3.67 trillion ($1 trillion) in assets will be transferred to the ...

A year ago, Rishi Sunak was the runaway favourite to be the next Tory leader, with Liz Truss polling only a third of his support. He started the contest in front in surveys of members and won the parliamentary stage of the race comfortably. Polls now put Truss miles ahead. And while the voting by Conservative Party members, less than ...