ABU DHABI / WAM Humaid Matar Al Dhaheri, Group CEO of Adnec, has praised UAE Cabinet decision pertaining to VAT on exhibitions and conferences, inviting all public and private sector firms, partners, event organisers and specialised associations, to make optimum use of such initiative. He further said that it will consolidate their presence in the UAE by strengthening the existing ...

HODEIDAH / WAM The UAE Armed Forces, as part of the Arab Coalition Forces, carried out ‘Operation Red Thunder’, an amphibious assault operation on a Houthi-controlled command and control centre in the in the Al Faza region in Yemen’s Hodeidah Province. The operation successfully destroyed the command centre, with a great number of equipment and documents belonging to Houthis seized. ...

ADEN / WAM Brigadier Abdul Salaam Al Shehi, Commander of Arab Coalition Forces in Yemen’s Red Sea Coast, said that large-scale military operations have been launched on Monday towards the Hodeidah city, building on the military momentum and advance achieved west of Taiz Governorate. Brigadier Al Shehi said that the forces are advancing towards the north in multiple fronts until ...

SHABWA / WAM The Emirates Red Crescent Authority (ERC), inaugurated a water project — an integrated solar water pumping system — in the Alsufal Village, in the As Said District of the Shabwa Governorate in Yemen. Ahmed Al Neyadi, ERC Representative in Shabwa, said that the project is part of the UAE’s infrastructure efforts in the governorate to help ease ...

Dubai / Emirates Business Gulf Navigation Holding PJSC, headquartered in Dubai and listed in the Dubai Financial Market entitled with ‘GULFNAV’, announced a 5% increase in its gross profits by the end of first quarter 2018 in comparison to the first quarter 2017. This announcement comes consequently with the company’s successful completion of the requirements needed to make the Gulf ...

Abu Dhabi / Emirates Business Etisalat on Monday announced the launch of the first commercial 5G wireless network in the UAE becoming the first telecom operator in the Middle East and North Africa (MENA) region to achieve this technological milestone and set a industry benchmark. Etisalat will be the first operator to have a fully developed commercial 5G network available ...

RAS AL KHAIMAH / WAM The Ras Al Khaimah Customs Department and the Federal Authority for Nuclear Regulation (FANR), held a meeting to enhance their cooperation. The meeting was attended by Adel Al Khateri, Director of the Customs Security and Customs Risks Administration, Mohammed Karam Al Baloushi, Director of the Customs Centres Administration, Ladislav Partak, Head of the Safeguards Administration at ...

Bloomberg US stocks edged higher as trade tensions between the world’s two biggest economies showed signs of abating. The dollar slipped and the 10-year Treasury yield pushed towards 3 percent. The S&P 500 Index climbed as technology shares paced gains after President Donald Trump made a major reversal on an earlier move to block telecom equipment maker ZTE Corp. from ...

Bloomberg India’s equities gave up gains to close little changed, while the rupee and bonds declined Monday as exit polls signaled that majority may prove elusive for PM Narendra Modi’s BJP in elections in a key southern state. At least four polls, including Today’s Chanakya, which accurately predicted Modi’s victory in 2014 elections, showed the BJP as the single largest ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, said that mega projects being implemented in the UAE are reinforcing the country’s profile globally as a model for sustainable growth driven by diversification, innovation and productive partnerships with the private sector. His Highness also said the tourism sector is ...