February, 2019

• 5 February

  UAE is capital of tolerance, peace, says Sheikha Fatima

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Supreme Chairwoman of the Family Development Foundation (FDF) and President of the Supreme Council for Motherhood and Childhood, stressed that the UAE is a nation of tolerance and peace whose foundations were laid by the late Sheikh Zayed bin Sultan Al Nahyan, and the ...

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• 5 February

  Aramex net profit jumps 13% in 2018

  

  DUBAI / WAM Aramex, the leading global provider of comprehensive logistics and transportation solutions, on Tuesday announced its financial results for the fourth quarter and full year ending on December 31, 2018. The 2018 full year revenue increased by 8% to AED5,086 million, compared to AED 4,721 million in FY 2017. Aramex’s net profit in 2018 increased by 13% to ...

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• 5 February

  Empower gets syndicated loan of AED1.5bn

  DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has announced that it has secured a syndicated loan of AED1.5 billion through a group of local, regional and international banks to finance its new projects. The loan will be used to expand the capacity and district cooling infrastructure in various projects.

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• 5 February

  WGS to put spotlight on volatility of labour market

  DUBAI / Emirates Business Preparing future generations to adapt to the changes in the workplace brought about by the Fourth Industrial Revolution has never been more critical. Developments in AI, genetics, nanotechnology and biotechnology, to name just a few domains, have transformed the job market irreversibly. It is with this forward-looking premise that the UAE will launch the inaugural Advanced ...

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• 5 February

  ‘No VAT on donations, grants, sponsorships in some cases’

  DUBAI / WAM The Federal Tax Authority (FTA), clarified that donations, grants and sponsorships are outside the scope of Value Added Tax (VAT), only when no benefit is received in return. Any benefit in return for such payments will be subject to VAT, the authority said. The authority had issued a new clarification on VAT treatment for donations, grants and ...

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• 5 February

  Ajman Free Zone to take part in innovation forum on Feb 10

  Ajman / Emirates Business Ajman Free Zone (AFZ) will participate in the UAE’s Innovation Month of February with an Innovation Forum called Digitalised Workplace, which is open to the public. The event, to be held on February 10 at Marsa Ajman will host a wealth of speakers representing globally recognized businesses Microsoft and Salesforce, for whom innovation has been key ...

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• 5 February

  MoE, Masdar to collaborate on sustainability education

  Abu Dhabi / WAM Masdar – the Abu Dhabi Future Energy Company – is collaborating with the Ministry of Education (MoE) on its Innovation Ambassador Programme 2019, to support the UAE Vision 2021 through a mutual exchange of knowledge and expertise, empower youth, and build sustainability awareness. A Memorandum of Understanding (MoU), was signed on Tuesday at a special ceremony on ...

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• 5 February

  DWTC win bids to host 10 new global congresses

  

  Dubai / Emirates Business Dubai World Trade Centre (DWTC) announced that it has won the bids to host 10 new international congresses at the venue from 2019 – 2022. Strengthening Dubai’s position as a distinctive and competitive destination for the MICE (Meetings, Incentives, Conferences and Exhibitions) and business events industry, these high-profile events will bring in approximately 37,000 delegates from ...

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• 5 February

  UAE issues commemorative stamp on ‘Human Fraternity’

  Dubai / WAM Emirates Post issued a commemorative stamp to mark the Human Fraternity Meeting held in the capital, Abu Dhabi. The stamp, decorated with the picture of the two prominent religious figures, His Holiness Pope Francis, Head of the Catholic Church, and His Eminence Dr. Ahmad el-Tayeb, Grand Imam of Al Azhar Al Sharif, reflects the values of the ...

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• 5 February

  DP World records 2.9% growth in container volumes in 2018

  

  Dubai / WAM DP World handled 71.4 million Twenty-Foot Equivalent Units (TEU), across its global portfolio of container terminals in the full year of 2018, with gross container volumes growing by 1.9 per cent year-on-year on a reported basis and 2.9 per cent on a like-for-like basis. Gross volumes were stable in Q4 2018 despite softer volumes in the UAE and ...

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