April, 2020

• 22 April

  Sheikh Mohammed pardons 874 inmates ahead of Ramadan

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has ordered the release of 874 prisoners of different nationalities from Dubai’s correctional and punitive establishments, ahead of the Holy Month of Ramadan. Attorney General of Dubai Chancellor Essam Issa Al Humaidan said that His Highness’s order to pardon the prisoners ...

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• 22 April

  DP World’s digital platforms to move global trade online

  

  DUBAI / WAM DP World has launched cutting-edge online logistics tools and services, covering sea, land and air shipping around the world. According to a press statement, the connected ecosystem of platforms will enable freight forwarders and any business, to book shipments of cargo from and to anywhere in the world, by any combination of sea, land and air. The ...

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• 22 April

  FTA extends deadline for VAT filing to May 28

  

  ABU DHABI / WAM The Federal Tax Authority (FTA) has issued a directive, on an exceptional basis, extending to 28 May the deadline of submitting VAT returns and the payment of due tax for the tax period ended March 31, enabling taxable persons to meet their tax obligations without facing any difficulties. “This comes in light of the Federal Tax ...

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• 22 April

  UAE plays key role in global efforts to combat Covid-19

  

  Dubai / Emirates Business The UAE’s status as a vital global logistics hub is helping the global community effectively navigate the coronavirus pandemic – according to a new analysis by Dubai Chamber of Commerce and Industry (Dubai Chamber). Titled ‘UAE Logistics Sector – Connectivity and Resilience,’ the analysis highlights the country’s busy air cargo routes, high maritime freight connectivity, well-established ...

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• 22 April

  Dana Gas shareholders OK 5.5 fils cash dividend

  

  SHARJAH / WAM Dana Gas shareholders approved on Wednesday to distribute a 5.5 fils cash dividend for the financial year ended December 31, 2019. The move was made during the company’s annual general meeting, during which a feasibility study to separate the Dana Gas’ upstream and midstream businesses in a demerger was also given the green light by shareholders. The ...

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• 22 April

  UAE and Canada discuss Covid-19 developments

  

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with his Canadian counterpart François-Philippe Champagne, bilateral relations and joint cooperation between the two countries. In a telephone call, Sheikh Abdullah offered his sincere condolences to Francois Philippe Champaign, the Canadian government and the friendly Canadian people on the victims ...

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• 22 April

  Etisalat Group reports AED13.1b revenue in first quarter of 2020

  

  ABU DHABI / WAM Etisalat Group on Wednesday announced its consolidated financial statements for the three months ending March 31, while also approving an interim dividend payout of 25 fils per share. In a statement the telecommunications group noted that its consolidated revenues amounted to AED13.1 billion representing a year over year increase of one percent while consolidated net profit ...

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• 22 April

  UAE sends assistance to Sudan

  Abu Dhabi / WAM The United Arab Emirates on Wednesday sent an aid plane carrying 7 metric tons of medical supplies to the Republic of Sudan to bolster the country’s efforts to combat the Covid-19 pandemic. The shipment, which contained medical equipment and test kit supplies, will benefit more than 7,000 healthcare professionals in Sudan. Commenting on aid delivery, Hamad ...

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• 22 April

  Delivery app for consumer goods to launch in Sharjah

  

  Sharjah / WAM Sharjah Asset Management (SAM) and Sharjah Cooperative Society have announced that they will create a digital platform and a smart application to help facilitate shopping operations and make delivery of items easier for the customers of Sharjah Cooperative Society. This came as part of a Memorandum of Understanding (MoU) signed electronically by Waleed Al Sayegh, CEO of ...

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• 22 April

  Singapore GDP to shrink 8.5% as restrictions extended: Citi

  

  Bloomberg Singapore will witness a deeper recession this year after the nation extended and tightened its partial lockdown, Citigroup Inc warned, widening its forecast for an economic contraction. The city-state’s economy will contract by 8.5% in 2020, down from an earlier estimate of a 6% fall, economists Wei Zheng Kit and Kai Wei Ang wrote after Singapore extended “circuit breaker” ...

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