ABU DHABI / WAM The UAE Alliance for Climate Action (UACA), the flagship non-state actor programme for UAE, continues to gain crucial momentum for decarbonisation in the lead up to COP28 and beyond. The alliance welcomed onboard new members from the private sector and academia: Sodexo, Majid Al Futtaim, Pure Harvest Smart Farms, Al Naboodah, Khalifa University, Arla Foods, Advanced ...

ABU DHABI / WAM The Federal Tax Authority (FTA) virtually convened a meeting of the Tax Agents Forum for registered Tax Agents across the UAE to highlight their role and the regulations they are required to follow as Corporate Tax goes into effect in the country. The meeting contrasted Tax Agents’ role with that of the Advisory Business Group, established ...

DUBAI / GULF TIME Ebarza, the leading brand in the region for home furniture, contemporary furnishings, interior and exterior decor pieces, announces the establishment of a strategic partnership with the National Housing Platform Darak. The partnership aims to provide discounts to citizens during the construction and furnishing of their homes. This announcement follows the approval of the Cabinet during a ...

DUBAI / WAM Dubai International (DXB), the world’s busiest international airport, is gearing up for a significant influx of travellers coinciding with the upcoming six-day Eid Al Adha holidays. According to Dubai Airports, Dubai International (DXB) will welcome an estimated 3.5 million guests through its doors between June 20 and July 3, with the average total daily traffic reaching 252,000. ...

DUBAI / WAM Nasdaq Dubai welcomed the listing of a $500 million Sukuk by Arada, the UAE’s fastest-growing master developer. The Sukuk is the first issuance by Arada on the region’s international financial exchange, further solidifying Dubai’s position as one of the largest Sukuk listing venues globally, with a total value of $77 billion. To celebrate the successful listing, Ahmed ...

ABU DHABI / WAM Emirates Development Bank (EDB) today unveiled the UAE’s first-of-its-kind AgriTech Loans Programme, set to allocate a substantial AED 100 million in financing support for the country’s vital food security sector. The new AgriTech Loans Programme is designed to enable a sustainable and thriving national agriculture sector, positioning the UAE as a global leader in agricultural innovation. ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has successfully concluded its second roadshow in London, which was organised in collaboration with HSBC. The roadshow was well attended and attracted major international and institutional investors. ADX’s delegation included senior executives from ADX-listed companies and the exchange. The roadshow was part of HSBC Middle East’s second GCC stock exchange conference ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, received Bakhtiyor Saidov, Minister of Foreign Affairs of Uzbekistan, at the headquarters of the Ministry of Foreign Affairs (MoFA) in Abu Dhabi. During the meeting, the two sides discussed the relations between the UAE and Uzbekistan and ways of enhancing their cooperation in various ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) has announced the scheduled launch date for the first mission of the Payload Hosting Initiative (PHI)-Demo. The mission is set to launch on June 27, 2023, at 15:34 GST from Russia’s Vostochny Cosmodrome aboard the Soyuz-2 rocket. The PHI-Demo mission is a joint initiative between MBRSC and the United Nations ...

BLOOMBERG The jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. A surge in purchases by Chinese residents, driven by pent-up demand after three years of pandemic restrictions and optimism that the economy would quickly rebound, is starting to slow — yet another sign that the recovery is losing momentum. China vies with India ...