DUBAI / WAM The Ministry of Economy (MoE) launched a new plan to develop National Programme to Support Young Innovative Companies to stimulate national entrepreneurship and increase the number of projects in line with the country’s innovation standards. The plan, developed by the National Programme for SMEs, in MoE, was launched in cooperation with its partners, including 15 federal and ...

HANOI / WAM Vietnam attracted $31.8 billion in Foreign Direct Investment (FDI), in the first eleven months of 2019, up 3 percent year-on-year, according to the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment. Of the figure, $14.68 billion was poured into 3,478 new projects, up 28 percent for the number of projects but down 7 percent ...

ABU DHABI / WAM The Federal Tax Authority (FTA), is finalising its preparations to implement Cabinet Decision No. (52) of 2019 on excise goods, excise tax rates, and the methods of calculating excise price, which comes into force on December 1. The decision was taken to expand the scope of Excise Tax to include sweetened drinks, electronic smoking devices and ...

GENEVA / WAM More than $500 billion a year needs to be invested if countries are to meet a basic set of social protection measures – known as a social protection floor – by 2030, says a new ILO report. According to report, measuring financing gaps in social protection for achieving SDG target 1.3: Global estimates and strategies for developing ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia, who arrived in the country on Wednesday for a two-day ...

DUBAI / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has ordered the Department of Finance to waive outstanding home loans worth AED173 million of Emiratis in Abu Hail area in Deira. The announcement was made on the occasion of the UAE’s 48th National ...

DUBAI / Emirates Business Underscoring its mission to bring the world together, Emirates has rolled out its A380 dressed in the striking ‘Year of Tolerance’ livery from its Engineering Centre, ready to take-off for the historic one-off EK 2019 flight on November 29 that will bring together the diverse, multi-cultural communities of the UAE. The vibrant ‘Year of Tolerance’ livery ...

Dubai / WAM The Ministry of Economy (MoE) has launched a new plan to develop the National Programme to Support Young Innovative Companies to stimulate national entrepreneurship and increase the number of projects in line with the country’s innovation standards. The plan, developed by the National Programme for Small and Medium Enterprises (SMEs), in the Ministry of Economy, was launched ...

DUBAI / WAM Dubai Land Department (DLD), led by a delegation through its Promotion and Real Estate Investment Management Sector and the Registration and Real Estate services sector, made a five-day trip to London, in line with its keenness to continue promoting the opportunities as well as the government services and facilities the Emirate of Dubai offers to investors. Majida ...

Abu Dhabi / WAM Abu Dhabi aims to substantially reduce its consumption of single-use plastic by 2021, a top official told the Emirates News Agency (WAM), on Tuesday. “We will have the draft policy on single-use plastic by early 2020. We are actually aiming to have a phenomenal reduction of consumption of single-use plastic by 2021,” said Dr Shaikha Al ...