October, 2018

• 16 October

  VP launches Arab world’s largest e-learning platform

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday launched ‘Madrasa’, the largest free e-learning platform in the Arab world, a revolutionary new project under the umbrella of the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI). The platform offers 5,000 Arabic educational videos on ...

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• 16 October

  VAT refund process simplified for Emiratis

  Abu Dhabi / WAM Khalid Ali Al Bustani, the Director-General of the Federal Tax Authority (FTA), has announced that procedures to reclaim Value Added Tax (VAT), for UAE nationals who are building new residences have been simplified with electronic procedures. The announcement was made on Tuesday through a press release that detailed the latest updates on the VAT refund process for UAE ...

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• 16 October

  Etihad, Tadweer to launch project to turn waste into jet fuel

  

  Abu Dhabi / Emirates Business Etihad Airways and Abu Dhabi Waste Management Center (Tadweer) are set to collaborate on a landmark research project to explore how municipal waste can be converted into jet fuel. Representing a major development in the adoption of sustainable fuel, one of the aims of the project would be to use the final jet fuel on ...

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• 16 October

  ADX signs pact with Sustainability Excellence

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), has signed a Memorandum of Understanding with the management consulting firm Sustainability Excellence. The MoU is aimed at deploying Environment, Social and Governance (ESG)-related initiatives that would enable ADX to promote ESG and sustainability values and practices among its listed issuers and investors as well as internally. Signing the MoU is ...

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• 16 October

  Kizad ‘incubation centre’ to boost SME ecosystem

  

  Dubai / WAM Khalifa Industrial Zone Abu Dhabi (Kizad) has launched an Entrepreneurship and Incubation Centre offering cost-effective work spaces, offices and licensing options to enhance the entrepreneurship and SME ecosystem in the UAE. Kizad, which is one of the largest industrial zones in the Middle East and a subsidiary of Abu Dhabi Ports, is situated within easy reach of ...

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• 16 October

  Adnoc expands Flex service across UAE

  

  RAS AL KHAIMAH / WAM Customers in Sharjah, Ras Al Khaimah, Fujairah, Umm Al Qaiwain and Ajman will be able to choose to self serve free of charge or use the premium service for AED10 when they refuel their cars. Adnoc Distribution also said it will continue to offer four fuel products across its network, including the UAE’s lowest priced ...

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• 16 October

  China may have $5.8 trillion in hidden debt with ‘titanic’ risk

  

  Bloomberg China’s local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are in store, according to S&P Global Ratings. “The potential amount of debt is an iceberg with titanic credit risks,” S&P credit analysts led by Gloria Lu wrote in a report on Tuesday. Much of the build-up relates ...

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• 16 October

  Japan sees decline in tourist numbers

  

  Bloomberg The number of foreign tourists to Japan dropped for the first time in more than five years during September, as an earthquake and typhoon brought a temporary halt to travel in some of the country’s top destinations. Tourist numbers fell 5.3 percent last month from a year earlier, according to the Japan National Tourism Organisation. That’s the first year-on-year ...

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• 16 October

  Signalling glitch at rush hour hits Hong Kong train services

  

  Bloomberg Hong Kong’s metro trains suffered delays due to a rare, simultaneous signaling glitch on four of its lines, causing chaos at stations and inconveniencing thousands of commuters during the morning peak-hour rush. The Asian financial hub’s rail operator, MTR Corp., said three major lines and a fourth one had to be operated manually early on Tuesday, slowing down trains ...

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• 16 October

  Temasek in talks for stake in Anbang

  

  Bloomberg Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge of the matter. Temasek has been examining a potential deal for several months, the people said, asking not to be identified because the discussions are ...

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