January, 2019

• 19 January

  UAE Rulers, Sheikhs offer funeral prayers on body of Sheikha Naila bint Rashid Al Nuami

  Ajman / WAM A host of UAE Rulers, Sheikhs, dignitaries and officials on Saturday gathered at the Al Rawdha Mosque at the Al Jurf Area in Ajman to perform funeral prayers on the body of Sheikha Naila bint Rashid Al Nuaimi, the sister of HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, who passed ...

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• 19 January

  FTA issues guidelines for foreign business refunds

  

  ABU DHABI / WAM The Federal Tax Authority (FTA), has outlined four conditions that would allow foreign businesses to recover Value Added Tax (VAT), incurred in the UAE in a new guide on “VAT Refunds for Business Visitors”, published on its official website. To be eligible for the VAT refund, the first condition is that foreign businesses must not have ...

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• 19 January

  Dubai Tourism signs deal to ease payment methods

  

  DUBAI / Emirates Business Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) and Al Ansari Exchange, a leading UAE-based foreign exchange and worldwide money transfer company, have signed an agreement to facilitate payments for a range of tourism and travel-related services. Under the agreement, partners of Dubai Tourism including hotels, event organisers, tour operators and tourism companies will be ...

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• 19 January

  Aldar’s Alreeman sales hit AED1.6bn

  

  ABU DHABI / Emirates Business Buyers queued up over night outside Aldar’s sales centre on Yas Island in order to secure plots within Aldar’s latest development – Alreeman in the Alshamkha area of Abu Dhabi. Alreeman has been a huge hit with buyers, recording sales of AED 1.6 billion. Buyers have been drawn to Aldar’s commercial plot offering allowing customers ...

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• 19 January

  AED129mn C2, C3 Mleih School project complete

  

  ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) has, in collaboration with the Abu Dhabi Department of Education and Knowledge (ADEK), completed the AED129 million C2 and C3 Mleih School project stretching over an area of 50,000 square metres, in the context of the Abu Dhabi Future Schools Programme, Phase VI, Package 1. Ali Al Haj Al Mehairbi, ...

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• 19 January

  DLD’s ‘Dubai Rest’ nominated for WSIS awards

  Dubai / Emirates Business Dubai Land Department (DLD) announces that its smart platform, Dubai REST, is nominated for the World Summit on the Information Society (WSIS) awards 2019, where voting will continue till February 10. The eighth WSIS will be held from April 8-12 in Geneva, where 300 Arab and international delegations, including heads of state and high-level representatives, are ...

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• 19 January

  Hitachi scraps UK nuclear plan with $2.8bn writedown

  

  Bloomberg The Japanese conglomerate Hitachi Ltd confirmed it will halt work on its nuclear power project in the UK, delivering a blow both to its ambitions to export more of its technology and Britain’s effort to revive its atomic industry. The company will book a loss of about 300 billion yen ($2.8 billion) after suspending indefinitely its plans to build ...

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• 19 January

  Legality of oil drilling permits issued during shutdown challenged

  

  Bloomberg The Trump administration’s decision to keep issuing oil drilling permits during the government shutdown is putting those authorisations in legal jeopardy, environmentalists argued in a filing. The Bureau of Land Management has already violated a federal spending law and legal requirements for public consultation by issuing at least 153 drilling permits since the shutdown began on December 22, WildEarth ...

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• 19 January

  Venezuelan oil loses US buyers amid sanctions

  Bloomberg Five US refiners either significantly reduced or totally replaced purchases of Venezuelan crude in 2018, and more may follow suit as president Donald Trump mulls new sanctions against the South American nation. Royal Dutch Shell Plc and Phillips 66 haven’t processed Venezuelan crude in their US refineries since the US imposed financial sanctions against the country and its oil ...

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• 19 January

  Aramco refinery JV hires SMBC, Riyad Bank to advise on funding

  

  Bloomberg Satorp, the joint venture between Saudi Aramco and Total SA, hired Sumitomo Mitsui Banking Corp (SMBC) and Riyad Bank to help raise funds to develop a petrochemical facility in the kingdom, according to people with knowledge of matter. Financing for the $5 billion Amiral project is expected to be arranged from banks and export credit agencies, the people said, ...

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