DUBAI / WAM Nasdaq Dubai on Sunday welcomed the listing of a $1.25 billion sukuk by the Islamic Development Bank (IDB), whose activities include financing development projects for its 57 member countries. The listing brings the number of Sukuk listings by the IDB on the exchange to nine with a total value of US$11.5 billion, making it one of the ...

Dubai / WAM YouTube announced on Sunday the opening of the Middle East and North Africa (MENA)’s first YouTube Space at Dubai Studio City, a facility dedicated to supporting the growing creator community in the MENA region by giving them access to a state of the art production space. The Space, 10th in the world, is dedicated to YouTube content ...

Dubai / WAM Accenture, in collaboration with SAP, has implemented SAP S/4HANA for Expo 2020 Dubai that will provide the expo with a foundation for data-driven insights, from visitor preferences to sustainability. The new digital platform transforms back-office and visitor-facing capabilities for the global mega event, which is expected to host 25 million visits over six months from October 2020. ...

Paris / WAM Noura Al Kaabi, Minister of Culture and Knowledge Development, and Laurent Gavio, Director of “The Lab” at the Google Cultural Institute in Paris, discussed ways of promoting cooperation between “The Lab” and creative platforms in the UAE. The meeting took place during Al Kaabi’s visit to the French capital, Paris, as part of the UAE delegation participating ...

Abu Dhabi / WAM The Federal Tax Authority (FTA), has urged all consumers in the UAE to request tax invoices from retailers when purchasing products or services subject to Value Added Tax (VAT), to prevent attempts to manipulate the tax system. The Authority urged all taxable businesses to issue tax invoices when providing any supply, in order to avoid administrative ...

Abu Dhabi / WAM The UAE is set to join countries from around the world for the biggest environment event of the year ‘Earth Hour’, a landmark drive introduced by World Wildlife Fund (WWF), in 2007. The initiative has become known as the world’s largest grassroots movement for the environment, bringing over 7,000 cities, as well as 180 countries and ...

Cairo / WAM President of Egypt, Abdel Fattah El Sisi, received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in Cairo on Sunday. During the meeting, attended by Sameh Shukry, Egyptian Foreign Minister, President El Sisi and Sheikh Abdullah discussed the brotherly relations between the UAE and Egypt, along with ways to enhance ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has reaffirmed the directions of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, to provide the utmost support for the UAE family considering it as the nucleus of society. Sheikh Mohammed adopted the National Family Policy ...

Dubai / WAM The Dubai Chamber of Commerce and Industry has announced strong interest from companies in the UAE and GCC applying for the 10th cycle of the Mohammed bin Rashid Al Maktoum (MRM), Business Award and the 2nd cycle of the MRM Business Innovation Award. Due to the high volume of applications, the Chamber has extended the registration deadline ...

Dubai / WAM Dubai Investments has announced that its private equity subsidiary Masharie LLC divested its 50% stake in Dubai International Driving Centre (Drive Dubai), for AED 35 million. The stake sale generated an internal rate of return (IRR) of 21 percent. Masharie was one of the founding partners of Drive Dubai in December 2012. Drive Dubai operates an 850,000 ...