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UAE first in Arab world in ‘national trademark report’

DUBAI / WAM The UAE ranked first in Middle East and North Africa region this year in “National Trademark Report 2019,” issued by Brand Finance. The report tracks the most valuable and most influential national brands from the world’s top 100 countries and measures their strength and value, with a focus on goods, services, investment and society. The UAE is ...

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DHL Express enters deal to expand in Abu Dhabi

ABU DHABI / WAM The Abu Dhabi Airports Free Zone (ADAFZ), Authority, a wholly-owned subsidiary of Abu Dhabi Airports, signed an expansive 27-year Musataha Agreement with Middle East General Enterprises (MGE), to facilitate the presence of DHL Express in the ADAFZ. The move is in line with the Abu Dhabi strategic logistics plan resulting from ADAFZ’s commitment to providing world-class ...

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Boeing’s 737 halt may cause temporary dent in US growth

Bloomberg Boeing Co.’s production halt for the 737 Max is likely to be little more than a temporary headwind for the US economy — especially now that the expansion is on firmer footing compared with other times since the aircraft was grounded in early 2019. The company’s decision to temporarily suspend production starting next month comes as the world’s largest ...

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China to grant regular tariff waivers for US farm imports

Bloomberg China will provide retaliatory tariff waivers to buyers of US farm products on a more regular basis after the countries reached a phase one trade deal, according to people familiar with the situation. Waivers had previously been given in tranches but they’ll now be handed out more frequently. The move will make it less punitive for Chinese firms to ...

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ADFD approves AED18.3mn for Liberia’s project

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), has earmarked a government grant worth AED18.3 million for a vital project that aims to enhance social services for the Liberian population. Located in the capital Monrovia, the grant will support the development of modern integrated sports and leisure infrastructure. The scope of the project includes the construction of ...

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FTA: 2.83m applications under tax refunds for tourists scheme

ABU DHABI / WAM The electronic system for the Tax Refunds for Tourists Scheme exceeded all expectations in its first year, asserted Khalid Ali Al Bustani, Director-General of the Federal Tax Authority (FTA), revealing that the scheme has processed a total of 2.83 million applications since its launch in November 2018. The average daily number of applications the scheme processes ...

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UAE to mark UN Arabic Language Day

Abu Dhabi / WAM The UAE will celebrate the annual UN Arabic Language Day on December 18, to mark the passing, in 1973, of a resolution to make the Arabic language an official language of the United Nations. In this report, the Emirates News Agency (WAM), highlights the UAE’s leading efforts and initiatives to preserve and protect the Arabic language ...

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India unrest to continue after Modi stokes religious tension

Bloomberg Escalating protests against India’s new citizenship law have raised concerns that Prime Minister Narendra Modi has gone too far in appealing to his Hindu nationalist base, increasing the risk of communal bloodshed and threatening to undermine his plans to attract investment. Police stormed university campuses across India to quell week-long protests by students against a law that bars undocumented ...

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