April, 2022

• 15 April

  UAE sends plane carrying 50 tonnes of relief to Ukraine

    ABU DHABI / WAM As part of its continued humanitarian efforts, the UAE on Thursday sent a plane to Warsaw, Poland, carrying 50 tonnes of food items and ambulances with medical equipment as part of an ongoing relief air bridge established in March to meet the humanitarian needs of Ukrainian internally displaced persons (IDPs) and refugees. Ahmed Salim Al ...

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• 15 April

  Tata Power raises $525m for renewable energy platform

  

    ABU DHABI / WAM The Tata Power Company Ltd. (Tata Power) and BlackRock Real Assets-led consortium, including Mubadala Investment Company (Mubadala), have entered into a binding agreement to invest in Tata Power’s renewable energy subsidiary, Tata Power Renewable Energy Limited (Tata Power Renewables). BlackRock Real Assets, together with Mubadala, shall invest $525 million by way of equity / compulsorily ...

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• 15 April

  IMF deputy says world needs to prepare for Covid downsides

  

  Bloomberg The world needs to be preparing for downside scenarios relating to Covid-19, the deputy chief of the International Monetary Fund (IMF) said, calling for billions of dollars in grants to bolster pandemic preparedness. “What I’m worried about is that everybody’s hoping for the best-case scenario, which is that this is a mild, endemic virus — but what experts tell ...

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• 15 April

  Etihad’s MRO unit gets industry recognition

  

    Abu Dhabi / WAM Etihad Engineering has won ‘MRO Service Provider of the Year – Commercial Aviation’ award at the Aviation Achievement Awards 2022. Abdul Khaliq Saeed, Chief Executive Officer at Etihad Engineering, was honoured with the ‘Outstanding Contribution to the Aviation Industry’ award at the event held in Dubai. The Aviation Achievement Awards, celebrate and recognise exceptional resilience, ...

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• 15 April

  Ajman Free Zone becomes an AWS Activate Provider

    AJMAN / WAM Ajman Free Zone (AFZ) announced on Thursday that it has become an AWS Activate Provider. Now startups affiliated with the AFZ who are building or about to start building on Amazon Web Services (AWS) can apply for the AWS Activate incentive programme and receive free AWS credits, technical support, training, resources, and more. Inclusion in AWS ...

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• 14 April

  ADX rebrands ‘growth market’ to boost private sector listings

  

    Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the rebranding of its Second Market, a key equity market on the exchange that connects investors and privately owned business, complementing Abu Dhabi’s fast-developing ecosystem for companies that are looking to catalyse their growth. The Growth Market, which replaces the Second Market established in 2014, offers companies ...

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• 14 April

  Dubai Chamber sees $3mn cost savings from paperless strategy

  

    Dubai / WAM Dubai Chamber of Commerce revealed it has recorded AED11 million ($2.99 million) in cost savings and saved one million sheets of paper in 2021 after obtaining the 100 percent Paperless Stamp from the Dubai Digital Authority. The estimated value of savings reflects the cost of printing, time and transportation to the chamber’s customer happiness centres. Last year, ...

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• 14 April

  SBA to spotlight local literary gems at Emirati Book Fair

    Sharjah / WAM Sharjah Book Authority (SBA) has announced the second edition of the Emirati Book Fair (EBF), slated to run from April 20 – 24 at the SBA headquarters in Sharjah. Being organised in collaboration with the Emirates Writers Union, the event will offer a public platform to ten Emirati publishing houses, allowing them to showcase thousands of ...

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• 14 April

  FTA launches whistle-blower program for tax violations

  

    Abu Dhabi / WAM The Federal Tax Authority (FTA) has announced the launch of Raqeeb, the “whistle-blower program for tax violations and evasion”, which aims to promote community control over local markets, raise the level of tax compliance in the UAE and reduce tax evasion cases. Effective as of April 15, in line with the cabinet decision regarding the ...

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• 14 April

  Sandooq Al Watan grants AED250,000 to Lune Technologies

  

    ABU DHABI / WAM Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations, announced that it has funded ‘Lune,’ a platform from an Emirati startup specialising in the field of financial data analysis, with an amount of AED250,000. Created by Lune Technologies, a startup founded by a ...

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