May, 2021

• 3 May

  Taqa completes $1.5 billion dual-tranche bond offering

  

  ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) on Sunday announced the successful placement of an aggregate $1.5 billion in 7-year and 30-year dual-tranche senior unsecured notes. The 7-year notes, sized at $750 million and maturing April 2028, were issued at a coupon rate of 2.0 percent. The 30-year notes, also sized at $750 million and maturing April ...

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• 3 May

  India eases some GST rules to help taxpayers

  

  Bloomberg India’s government eased some rules relating to indirect-tax compliance to ease the burden of citizens during the pandemic period. Reduced penalty and waiver of late fees on delayed goods and services tax payments were among the measures announced by the Finance Ministry on Sunday. Taxpayers were also allowed more time to file GST returns. For persons with turnover above ...

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• 3 May

  UAE condemns Houthis’ attempt to target Saudi

  ABU DHABI / WAM The UAE expressed its strong condemnation of attempts by the Iran-backed terrorist Houthi militia to target civilians and civilian objects in a systematic and deliberate manner in Khamis Mushait, Saudi Arabia, with a booby-trapped plane, which was intercepted by coalition forces. The UAE affirmed – in a statement issued by Ministry of Foreign Affairs and International ...

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• 3 May

  Added inks deal with Silal to promote Abu Dhabi’s agricultural products

  

  ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) signed an agreement with Silal, Abu Dhabi’s new fresh food and agritech company, to promote local agricultural products in the emirate. The agreement aims to achieve Abu Dhabi Local Content Programme objectives, particularly those pertaining to the strategies of enhancing food supply chains. It also supports freelancers and ...

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• 3 May

  Russia hikes oil output as its Opec+ quota rises

  

  Bloomberg Russia increased its oil production in April thanks to a more generous Opec+ quota. The nation pumped 42.81 million tons of crude and condensate last month, according to preliminary data from the energy ministry’s CDU-TEK unit. That equates to 10.46 million barrels a day, or 1.9% more than in March. The data don’t provide a breakdown between crude and ...

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• 3 May

  Wizz Air Abu Dhabi operates two weekly flights to Greece

  ABU DHABI / WAM Wizz Air Abu Dhabi has announced that it will continue to fly to Greece twice a week. Wizz Air Abu Dhabi currently flies to Thessaloniki every Thursday and as of July will fly twice per week on Thursdays and Sundays, while to Athens every Friday and as of June twice per week on Mondays and Fridays. ...

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• 3 May

  UAE among top 10 nations in 28 indexes related to finance, taxes

  

  Abu Dhabi / WAM Five major global organisations specialising in assessing competitiveness have ranked the UAE among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes. This was highlighted by a report by the Federal Competitiveness and Statistics Centre (FCSC), which documented the rankings of the IMD World Competitiveness Yearbook, the Legatum Prosperity ...

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• 3 May

  UAE envoy launches Sheikh Zayed website in Korean language

  SEOUL / WAM Abdullah Saif Al Nuaimi, UAE Ambassador to South Korea, has launched the Korean version of the website www.zayed-kr.ae, which is dedicated to commemorating the life, legacy and values of the Founder of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan. The launch of the Korean website, created in collaboration with the Ministry of Culture and ...

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• 3 May

  UAE reports 1,791 new recoveries from Covid-19

  

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 205,625 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

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• 3 May

  UAE, US host joint anti-money laundering training sessions

  

  ABU DHABI / WAM In March and April, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) of the UAE has welcomed officials from the US government for a series of virtual meetings and workshops, which are expected to continue in the following months to cover a range of issues related to anti-money laundering and countering the financing of terrorism ...

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