ABU DHABI / WAM The Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have issued a new joint paper revealing that trends project the growth and prosperity of digital trade activities in the UAE at a compound annual growth rate of 12.3 percent between 2023 and 2028. The research showed that more than 40 percent ...

ABU DHABI / WAM Under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, 65,000 books from the 33rd Abu Dhabi International Book Fair have been distributed to libraries at 220 schools across the UAE. Facilitated by a financial grant, the initiative aims to support school libraries in fostering a culture of reading among students. The ...

BEIJING / WAM China’s power enterprises have accelerated the pace of green investment this year, with the completed investments in clean energy projects up by 6.64 percent year-on-year to reach CN¥117.3 billion ($16.5 billion) in the first quarter, according to the China Electricity Council. According to China Central Television (CCTV), during the first quarter, the magnitude of clean energy projects ...

DUBAI/ GULF TIME Danube Properties, the fastest-growing private real estate developer in the UAE, achieved a remarkable feat by delivering their project, Pearlz, six months ahead of schedule, which was launched in 2022. It has a built-up area of  480,179 sq. ft. and has 300 modern units—studios, one-, two-, and three-bedroom apartments—and retail outlets. His Excellency Eng. Marwan bin Ghalita, ...

ABU DHABI / AD MEDIA OFFICE Tabreed has transformed its plant on Al Maryah Island into a 3D mural featuring Arabian oryx and Arabian sand gazelle to reflect the beauty of nature in the UAE. Tabreed’s Al Maryah Island plant supplies an roster of clients, such as Cleveland Clinic, Rosewood Abu Dhabi, Four Seasons, Galleria Mall and Abu Dhabi Global ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has issued a guide outlining the application of corporate tax to free zone persons in line with the Free Zone Corporate Tax regime, which enables qualifying free zone persons to benefit from a 0% corporate tax rate on qualifying income. The guide provides general guidance on the application of the Corporate ...

DUBAI / WAM DP World and Saudi Ports Authority (Mawani) have commenced construction of a new SAR900 million ($250 million) logistics park at Jeddah Islamic Port, set to provide state-of-the-art storage and distribution facilities, as well as boost trade in the Kingdom of Saudi Arabia and the wider region. The 415,000 sq m greenfield facility will feature 185,000 sq m ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Salome Zourabichvili of Georgia on her country’s Independence Day. 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 ...

AL DHAFRA/ WAM H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, today awarded the Hasheem 199 boat first place alongside other winners of the 7th Historic Dalma 60ft dhow race. Organised by Abu Dhabi Heritage Authority and Abu Dhabi Sailing Club, the race promotes maritime heritage and UAE National identity and traditions and is the ...

ABU DHABI/WAM AD Ports Group, a leading facilitator of global trade, logistics and industry, today launched The Maritime Sustainability Research Centre, Abu Dhabi (MSRCAD), a non-profit agency dedicated to joint industry-government academia research, with a focus on sustainability and innovation. The Maritime Sustainability Research Centre, launched at an event attended by leading government and maritime industry representatives, will be operated ...