April, 2018

• 2 April

  ADFD offers $15mn aid for Tanzania road project

  

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended an AED55 million ($15mn) concessionary loan to the government of Tanzania to finance the upgrade of 51km of the Uvinza-Ilunde-Malagarasi Road. The funded project is an extension to Kidaho – Ovinza Road which was funded in 2009 by ADFD as a ...

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• 2 April

  Shurooq, Nakheel collaborate to bring AED75 million retail centre in Sharjah

  SHARJAH / WAM The Sharjah Investment and Development Authority (Shurooq) and master developer Nakheel have collaborated in a joint venture, that will bring a new community retail centre to Sharjah. The project Nakheel’s first outside its home emirate of Dubai has an estimated development value of AED75 million. Under the agreement, signed on Monday by Marwan bin Jassim Al Sarkal, ...

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• 2 April

  VAT compliance driving digital transformation

  DUBAI / Emirates Business Tax authorities in GCC are starting to use sophisticated digital platforms that require taxpayers to submit data in real time or near-real time prompting firms to enhance their digital capabilities. This is changing the way businesses collect, format and report tax information, and accelerates reporting, filing obligations. Sherif El-Kilany, MENA Tax Leader at EY said, “The ...

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• 2 April

  Damac hires Barclays, HSBC for possible Islamic bonds sale

  

  Bloomberg Damac Properties Dubai Co. hired banks including Barclays Plc and HSBC Bank Plc for a possible sale of US dollar-denominated Islamic bonds, according to people familiar with the matter. The second-largest listed real estate developer in Dubai is expected to hire more banks to arrange the debt sale, which may happen as soon as this month, said the people, ...

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• 2 April

  Kremlin: Trump invited Putin to White House for summit

  

  Bloomberg US President Donald Trump didn’t just propose a summit meeting to Vladimir Putin when he called the Russian leader last month. He invited him to the White House, according to the Kremlin. “When our presidents spoke on the phone, Trump suggested having the meeting in Washington at the White House,” Kremlin foreign policy aide Yuri Ushakov told reporters on ...

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• 2 April

  Failure of ‘Dreamer’ deal may tip control of Congress

  

  Bloomberg The failure of President Donald Trump and Democratic lawmakers to strike a deal on young undocumented immigrants puts the divisive issue into the middle of some hotly contested campaigns for November’s midterm elections — ones which could tip control of Congress. A relatively small number of people are affected personally by the Deferred Action for Childhood Arrivals program that ...

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• 2 April

  Israel threatens more force as Gaza protests leave 16 dead

  Bloomberg Israel threatened to use greater force to quell violent Palestinian protests along the Gaza Strip border, rejecting allegations it used excessive firepower against demonstrations that left at least 16 Palestinians dead. The protests, which Israel estimated drew 40,000 people, were the first of six weeks of planned anti-Israel actions meant to highlight the Palestinians’ plight as refugees. Israel said ...

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• 2 April

  Kim Jong-un mingles with K-pop stars in overture to Seoul

  

  Bloomberg North Korea has threatened to go to war over broadcasts across its militarised border that included the K-pop songs of South Korean bands like Red Velvet. Kim Jong-un was clapping along and posing for pictures with the music group. Kim’s surprise appearance at a rare pop concert in Pyongyang was the North Korean leader’s latest diplomatic overture as he ...

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• 2 April

  Abu Dhabi Police warns people about fraudulent messages on Whatsapp

  Abu Dhabi / WAM The Abu Dhabi Police (ADP), has warned the public about fraud messages on social media applications, such as Whatsapp, which imitate trademarks and trusted websites, with the aim of stealing personal information, such as usernames, passwords, credit card numbers and other information that may lead to problems for users, who are required to report these crimes ...

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• 2 April

  EFG Hermes Brokerage to provide allocation account services at DFM

  

  Dubai / WAM Dubai Financial Market (DFM), on Monday announced that EFG Hermes Brokerage has become the first member that receives a DFM accreditation to provide the Allocation Account Service to its client base. The DFM launched this new service recently in a pioneering step amongst regional markets, as part of its efforts to reinforce its business framework for the ...

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