RTA inaugurates Sheikh Zayed bin Hamdan Street

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) opened on Sunday, Sheikh Zayed bin Hamdan Al Nahyan Street Improvement Project extending 3 km from the intersection with the Dubai-Al Ain Road up to the Academic City Roundabout. RTA also opened two 120-metre bridges at the intersection of Dubai Silicon Oasis, comprised four lanes in each direction. These improvements ...

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Mubadala-subsidiary Strata reports record-breaking year

Abu Dhabi / WAM 2022 was another stellar year for Strata, the advanced manufacturing and aerospace manufacturing firm based in their state-of-the-art facility in Al Ain, throughout which the Mubadala company established itself as a transformative company capable of shaping the future of manufacturing in the UAE. Reaching the significant milestone of thirty production lines in 2022 was merely the ...

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Dubai wins 232 bids for business events in 2022

  Dubai / WAM Business events are poised to make a vital contribution to Dubai’s economic development and tourism growth, with another exceptional year of successful bids for international conferences, congresses, meetings and incentive travel programmes. Dubai Business Events (DBE), the city’s official convention bureau, part of the Department of Economy and Tourism, said it won 232 bids for business ...

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UAE, Egypt to enhance ties in banking sector

Abu Dhabi / WAM The central bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under the central bank of Egypt, discussed ways to promote cooperation in the field of training and building human capital capabilities relevant to the financial sector. This came during a meeting between Ehab Alameri, Chief Human Resources Officer at the CBUAE, ...

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UAE distributes AED200m in marriage grants in 2022

Dubai / WAM Hessa bint Essa Buhumaid, Minister of Community Development, revealed that the total amounts disbursed for marriage grants last year reached AED199,080,000, reaching 2,844 beneficiaries across the UAE compared to 2,727 beneficiaries during 2021. Buhumaid said that the marriage grants by the Ministry of Community Development (MoCD) align with the leadership’s keenness and government support to Emirati youth ...

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Direct TT acquires SCA license to operate in UAE

  Dubai / Gulf Time Direct TT, one of the world’s leading financial consultancy firms and part of the DTT Group, a globally recognised and regulated financial services provider, acquired the UAE Securities and Commodities Authority (SCA) license for Financial Consultancy and Financial Analysis. The DTT Group further announced its plans to invest $10 million over the next two years ...

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Dubai Customs completes 25.7m transactions

  Dubai / WAM Dubai Customs completed 25.7 million customs transactions in 2022, while maintaining the highest levels of security at the emirate’s borders. Dubai Customs also made 2,147 seizures. Being the oldest government department in the emirate, Dubai Customs has been an active player in the UAE’s progress throughout 2022, recording a remarkable performance in customs transactions, seizures and ...

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FTA opens pre-registration for corporate tax through EmaraTax

  Abu Dhabi / WAM The Federal Tax Authority (FTA) has launched early registration for corporate tax through EmaraTax, the UAE’s digital tax services platform. The step comes in line with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the Corporate Tax Law), which stipulates that Taxable Persons will become subject to Corporate Tax from ...

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Walmart starts e-commerce site to target small businesses

Bloomberg Walmart Inc, which became the world’s largest retailer by serving everyday shoppers, is now targeting a larger share of business customers with a website aimed at small and midsize companies. The initiative, called Walmart Business, is designed to offer a one-stop shop for office supplies, furniture, food and electronics, Ashley Hubka, the senior vice president managing the program, said ...

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Germany budgets 43.2b for next-generation fighter jet

Bloomberg The German government has earmarked about €40 billion ($43.2 billion) in spending by 2040 for its next-generation fighter jet, part of a European effort to upgrade the region’s defense capabilities. The German-French project, called Future Combat Air System (FCAS), was among discussion points between German Chancellor Olaf Scholz and French President Emmanuel Macron in Paris, said the people, asking ...

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