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SBWC to sponsor 10 female entrepreneurs, start-ups

SHARJAH / WAM The Sharjah Business Women Council (SBWC), is calling upon all female entrepreneurs and start-up owners to apply to become one of the ten start-ups it will sponsor during Gitex Future Stars, which will run between October 14-18 at Dubai World Trade Centre (DWTC). SBWC, one of Nama Women Advancement Establishment’s three entities, will be participating for the ...

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UAE to allow expats long-term residency after retirement

Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted a resolution to support the industrial sector by introducing reduced fees of electricity consumption for large, medium and small factories. “We launched today an initiative to support the industry sector and ...

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ADGM closing commercial funding gap in Mena: Teng

ABU DHABI / WAM­­­­­ Abu Dhabi Global Market (ADGM) considers it essential to develop alternative financing solutions to bridge the commercial funding gap in the UAE and the Middle East and North Africa Region, Richard Teng, the Chief Executive Officer of Financial Services Regulatory Authority (FSRA) at ADGM. Speaking to the Emirates News Agency (WAM), on the ADGM FinTech Abu ...

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Additional funding for UAE federal budget approved

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decree-Law No.6 of 2018 approving an additional funding to the general federal budget and to the budgets of independent entities for the current fiscal year. The Decree-Law published in the latest issue of the Federal Gazette, stipulates that the estimated general budget expenses for ...

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President issues decree amending Commercial Companies Law

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decree-Law No. 07 of 2018 amending articles within Federal Law No. 02 of 2015 on Commercial Companies. The Decree stipulates that Article 14 of Federal Law No. 02 shall be amended to reflect that the Memorandum of Association of a company and each amendment ...

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Dubai issues permits to 163 free zone firms

Dubai / WAM The Department of Economic Development (DED), in Dubai has permitted 163 free zone companies to operate in mainland Dubai following a Memorandum of Understanding (MoU), signed earlier this year between DED and the Dubai Free Zones Council. The MoU sought to enable free zone entities in Dubai to expand their operations across the emirate, and strengthen Dubai’s ...

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Young Arab Media Leaders programme launched

Dubai / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chair of the Arab Youth Centre  (AYC), the second edition of the Young Arab Media Leaders programme was launched in Dubai, on Sunday. Organised by the AYC and taking place over the course of two weeks, the programme ...

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Historic Kim summit may make or break Moon’s presidency

Bloomberg Moon Jae-in has more than world peace riding on a successful summit with North Korean leader Kim Jong-un this week: His domestic agenda is also at stake. Moon’s trip to North Korea’s capital—the first such visit by a South Korean leader in 11 years—will again test his ability to bridge the gap between two volatile leaders, Kim and US ...

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Mangkhut moves into mainland China after battering Hong Kong

Bloomberg Typhoon Mangkhut is losing power after making landfall in China and leaving Hong Kong with roads blocked, buildings damaged and low-lying areas flooded. The death toll in the Philippines rose to more than 50. More than 2.45 million people have been relocated and over 48,000 fishing boats returned to ports in China’s Guangdong province as of 5 pm on ...

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