December, 2017

• 17 December

  Hamdan calls on all businesses to register for VAT

  Abu Dhabi / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, has called on all businesses to comply with the executive regulations of the Federal Law No. 08 of 2017 on Value Add Tax (VAT), and register online via the Federal Tax Authority’s website to receive a tax identification number, …

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• 17 December

  Ras Al Khaimah named GCC’s ‘favourite adventure destination’

  

  Ras Al Khaimah / Emirates Business Ras Al Khaimah has been named the GCC’s ‘Favourite Adventure Destination’ at the 2017 Condé Nast Traveller Middle East Readers’ Choice Awards – the region’s premier travel industry honours. The award recognises the major strides the emirate has taken to develop international-standard adventure and activity tourism offerings centred around Jebel Jais – the UAE’s …

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• 17 December

  SPL launches ‘digital library collection’

  

  Sharjah/ Emirates Business Sharjah Public Library (SPL) has launched its ‘Digital Library Collection’, providing 38,000 libraries and schools from around the world with access to 1,200 of the emirate’s eBooks and audiobooks. In cooperation with ‘Overdrive’, one of the leading digital reading platforms in education, the material is compatible with most mobile devices and PCs, giving instant global accessibility. The …

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• 17 December

  UAE reaffirms commitment to achieve UN’s sustainability goals

  Geneva / WAM The UAE has reiterated its serious commitment to achieving the UN’s Sustainable Development Goals, SDGs, stressing the importance of reaching gender balance as part of its fulfilment of said goals. Addressing the World Family Summit 2017 in Geneva, Obaid Salem Al Zaabi, Permanent Representative of the UAE to the United Nations and other International Organisations, said that …

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• 17 December

  TRA launches ‘don’t be deceived’ campaign

  ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA), on Sunday launched the ‘Don’t Be Deceived’ campaign, to educate customers in general, and youth in particular, about the different ways of deception and fraud on smart devices and various modern technologies. The campaign, which was launched during a press conference at the Emirates Towers in Dubai, intends to raise awareness …

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• 17 December

  Cityland Mall signs up fashion retailer Matalan

  DUBAI / Emirates Business Cityland Group – developer of Cityland Mall, UAE’s first nature-inspired mall scheduled for launch in 2018 – on Sunday announced further progress in its leasing arrangements by signing up Matalan which is one of the leading fashion and lifestyle retailers across the globe. Founded in 1985, Matalan, the specialist retailer in fashion and homeware will occupy …

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• 17 December

  Big Oil poised for best year in decades, says Goldman

  

  Bloomberg Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc. In 2018, companies from Royal Dutch Shell Plc to Exxon Mobil Corp. will find themselves with a surplus of cash to fund dividends, ruling the world of deep water mega-projects and even coming out ahead in tax negotiations with oil-reliant governments around the globe, …

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• 17 December

  New Jersey mulls $320 million annual lifeline for N-power

  

  Bloomberg New Jersey became the latest state to consider subsidizing nuclear power with a $320 million-a-year plan to keep struggling reactors from going out of business. The state’s two plants would get extra payments for providing emission-free power under legislation introduced in Trenton. The move follows similar efforts by New York and Illinois and comes amid pressure from Public Service …

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• 17 December

  Global solar installations set to touch 100-gigawatts milestone next year

  

  Bloomberg Solar is about to hit a milestone: Global installations are set to reach 108 gigawatts next year thanks to China, IHS Markit Ltd forecasts show. Strong government support for clean energy in China, the world’s biggest market for solar, will continue to boost demand for panels, the London-based research company said in a report. The country’s hunger for renewables …

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• 17 December

  Nigeria to sell first African sovereign green bond

  

  Bloomberg Nigeria, Africa’s biggest oil producer, is set to become the first country on the continent to issue a security that raises funds for environmental projects when it launches its green bond on December 18. The government plans to sell 10.7 billion naira ($30 million) and the offer is billed to close on December 20, said Lanre Buluro, director of …

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