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Crown Prince of Abu Dhabi holds discussions with President of South Africa at G20 summit

RIO DE JANEIRO/WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has held talks with Cyril Ramaphosa, President of the Republic of South Africa, on enhancing bilateral relations, during the 19th G20 summit in Rio de Janeiro, Brazil. The meeting focused on exploring ways to strengthen bilateral cooperation between the UAE and South ...

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SRTI Park unveils ultramodern two-level warehouse units

SHARJAH / WAM The Sharjah Research, Technology and Innovation Park (SRTI Park) has announced a new warehouse project offering ultramodern ground-plus-mezzanine warehouse units, ideal for showrooms, experience centres, warehousing, light industrial assembly, and production. The units, with sizes ranging from 144 square metres to 303 Square metres, are designed for storage/production/assembly space on the ground floor; and office space on ...

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DFM partners with Mbank to launch IPO Upgrade Program

DUBAI / WAM Dubai Financial Market (DFM) in partnership with Al Maryah Community Bank (Mbank), has launched IPO Upgrade as part of DFM IPO subscription process, a new feature designed to empower investors by providing subscription leverage for selected Initial Public Offerings (IPOs). Mbank provides the IPO Upgrade service by offering investors up to five times leverage based on provisions ...

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Pet Corner Inaugurates its 20th retail store in the UAE celebrating 20 years of commitment in pet care over two decades

GULF TIME Pet Corner is a family run pet store chain in the UAE for 20 years, with locations in Dubai, Abu Dhabi, Sharjah, and now in Fujairah, marking the opening of its 20th store over a ribbon-cutting ceremony and tour of the store’s product and services. With 20 point-of-sale locations that are well stocked with Pet food and accessories ...

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ANAX Developments creates Real Estate History at Jumeirah Beach Hotel with One-of-a-kind Unveiling of Evora Residences, Al Furjan

DUBAI/GULF TIME ANAX Developments, a subsidiary of ANAX Holding, launched its second project, Evora Residences, at a first-of-its-kind gala unveiling event at the Jumeirah Beach Hotel, in the presence of VIP guests, stakeholders, and media representatives. This was a historic property launch that left the real estate community wowed with its showcase of a life-size apartment ready for viewing built ...

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MoF amends ministerial decision on unincorporated partnerships

ABU DHABI / GULF TIME The Ministry of Finance (MoF) has announced amendments to Ministerial Decision Nos (261) of 2024 on unincorporated partnerships, foreign partnerships and family foundations for the purposes of Federal Decree-Law No 47 of 2022 on the taxation of corporations and businesses and its amendments. The revised ministerial decision shall apply for tax periods commencing on or ...

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DP World, Schneider Electric ink pact to upskill Emirati youth

DUBAI / WAM Schneider Electric, a global leader in the digital transformation of energy management and automation, has signed a memorandum of understanding (MoU) with DP World, the leading provider of global end-to-end logistics solutions, to accelerate the upskilling of Emirati youth in sustainability and digital technologies. The signing ceremony was held in the presence of Jean-Pascal Tricoire, Schneider Electric’s ...

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SMEs’ contribution to Abu Dhabi’s non-oil GDP stands at 42.8%, says Moza Al Nasr

ABU DHABI / WAM Moza Obaid Al Nasri, Acting CEO of the Khalifa Fund for Enterprise Development and Executive Director of the SME Sector at the Abu Dhabi Department of Economic Development, revealed that SMEs in Abu Dhabi constitute over 90 percent of total businesses, employing nearly half of the workforce and contributing 42.8 percent to the emirate’s non-oil GDP. ...

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