December, 2018

• 10 December

  Cosco opens Abu Dhabi terminal at Khalifa Port

  

  ABU DHABI / WAM Cosco Shipping Ports and Abu Dhabi Ports inaugurated CSP Abu Dhabi Terminal at Khalifa Port, on Mon- day, positioning Abu Dhabi as the regional hub for Cosco’s global network of 36 ports and further connecting the emirate to the major trade hubs along the Belt and Road Initiative (BRI). The deepwater, semi-automated container terminal includes the ...

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• 10 December

  FTA discusses VAT refund plan for foreign businesses

  DUBAI / WAM The board of directors of Federal Tax Authority (FTA) discussed value added tax (VAT) refund scheme for foreign businesses at its 7th me-eting, headed by HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Industry, and FTA Chairman. According to Federal Decree-Law No. (8) of 2017 on VAT, as well ...

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• 10 December

  Mubadala completes acquisition of 20% stake in Egypt concession

  

  ABU DHABI / WAM Mubadala Petroleum announced that it has completed the acquisition from Italy’s Eni of a 20 percent participating interest in the Nour North Sinai Offshore Area (Nour) concession, an offshore exploration block in Egypt. In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni as operator through its subsidiary (IEOC) now holds ...

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• 10 December

  UAE, S Korea reinforce cooperation related to patents

  

  SEOUL / WAM The UAE Ministry of Economy has signed a Memorandum of Understanding, MoU, with the South Korean Intellectual Property Office, which stipulates that the latter will serve as the “International Research Administration” and the “International Preliminary Examining Service for International Patent Applications in the UAE,” under the WIPO Patent Cooperation Treaty. Both sides also signed another MoU related ...

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• 10 December

  New rule for UAE banks for issuing cheque books

  

  Abu Dhabi / WAM Central Bank of the UAE (CBUAE), has issued a circular to banks regarding the issuance of cheque books as part of its ongoing efforts to improve responsible lending practices by banks. Before issuing customers with cheque books, banks are now required to carry out checks with the Al Etihad Credit Bureau (AECB), to ensure the creditworthiness ...

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• 10 December

  UAE leads in vertical agriculture in region

  Abu Dhabi / WAM The National Food Security Strategy in the UAE aims to develop a comprehensive system, which aims to achieve sustainable food production. The system will involve 38 short and long-term initiatives, as per the “2051 Vision” and “2021 Work Agenda.” Many specialist newspapers highlighted the UAE’s plans and projects that aim to attract major investment in vertical ...

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• 10 December

  UAE looks to expand ties with friendly nations: Mohamed

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Mahamadou Issoufou of the Republic of Niger, discussed on Monday, means to develop bilateral relations between the two friendly countries. Sheikh Mohamed bin Zayed welcomed President Issoufou and his accompanying delegation, adding ...

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• 10 December

  Mansour inaugurates Sial Middle East, ‘dates exhibition’ in Abu Dhabi

  

  Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Board of Directors of the Abu Dhabi Food Control Authority (ADFCA), on Monday inaugurated the 9th Sial Middle East Exhibition and the 4th Abu Dhabi International Dates Exhibition. The exhibitions are being held under his patronage and ...

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• 10 December

  Arab Strategy Forum kicks off tomorrow

  DUBAI / WAM The Arab Strategy Forum (ASF) 2018, taking place under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday announced the detailed programme of activities that will take place on December 12 in Dubai. In its 11th edition, the Forum will gather ...

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• 10 December

  Enoc to build 45 new service stations in Saudi

  

  Riyadh / Emirates Business Enoc Group announced major expansion plans to build 45 new service stations in the Kingdom of Saudi Arabia over the next five years. The Group’s plans are aligned with the Ministry of Municipal and Rural Affairs’ plan, which aim for the construction of over 1,200 petrol stations across the Kingdom. All 45 Enoc service stations will ...

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