December, 2022

• 9 December

  Aramco, Shandong Energy partner on downstream projects in China

  

    DHAHRAN / WAM The Saudi Arabian Oil Company (Aramco) and Shandong Energy group, are exploring collaboration on integrated refining and petrochemical opportunities in China. The companies have signed a memorandum of understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement, supporting Aramco’s role in building a thriving downstream sector in Shandong Province. The ...

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• 9 December

  UAE President appoints Faras Al Ramahi as GPSSA Director-General

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a federal decree appointing Faras Al Ramahi as Director-General of the General Pension and Social Security Authority (GPSSA). During his career that spans over more than 26 years, Al Ramahi held a number of positions in the financial field, and has experience in asset ...

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• 9 December

  Dubai records AED9.1b in weeklong realty deals

  

    Dubai / WAM A total of 3,186 real estate transactions worth over AED 9.1 billion were conducted during the week ending December 9, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 419 plots were sold for AED2.24 billion, while 2,233 apartments and villas were purchased for AED4.64 billion. The top three transactions ...

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• 9 December

  UAE issues federal decree law on 9% corporate tax

  

    Dubai / WAM The UAE issued Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (the ‘corporate tax law’). Businesses will become subject to UAE corporate tax (corporate tax) from the beginning of their first financial year that starts on or after June 1, 2023. The UAE’s Corporate Tax regime will levy a standard rate of ...

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• 9 December

  Etihad Airways to reintroduce its A380 fleet

    Abu Dhabi / WAM Etihad Airways has announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airline’s network and customer feedback. Mohammed Ali Al Shorafa, Chairman of Etihad Aviation Group, said, “It is wonderful to announce the return of this splendid aircraft. The A380’s ...

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• 9 December

  MoHRE, ICP complete 4.7mn joint transactions in 10 months

  

    Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) announced completing 4,719,000 joint transactions in the first 10 months of 2022 as the two entities offer 35 common services — 23 for business owners and families employing domestic helpers, and 12 for private sector employers ...

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• 9 December

  UAE issues Personal Status law for non-Muslim expats

  

    Abu Dhabi / WAM The UAE announced a Federal Decree-Law on Personal Status to all non-Muslim foreigners in the country, to be applied from February 1, 2023. The Federal Personal Status Law comes in line with the UAE’s continuous efforts to develop its legislative ecosystem and supports the country’s endeavours and ambitions for the next fifty years, through strengthening ...

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• 9 December

  UAE, Bangladeshi discuss ways to boost cooperation

  

    Abu Dhabi / WAM Abdullah Ali Al Hamoudi, UAE ambassador to the People’s Republic of Bangladesh, met with Shahriar Alam, State Minister of Foreign Affairs of the People’s Republic of Bangladesh. During the meeting, both sides discussed strengthening and widening the horizons and areas of cooperation between the two countries, as well as a number of issues of common ...

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• 9 December

  ALC extends Al Dhafra Book Festival 2022

    Abu Dhabi / WAM Following the notable turnout at the Al Dhafra Book Festival 2022, held in its new format at the Public Park in Zayed City, the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has extended the festival for two additional days until Sunday, December ...

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• 9 December

  Etihad to reintroduce four of its A380s in summer of 2023

  

    Abu Dhabi / WAM Etihad Airways announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airline’s network and customer feedback. Mohammed Ali Al Shorafa, Chairman of Etihad Aviation Group, said, “It is wonderful to announce the return of this splendid aircraft. The A380’s reintroduction ...

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