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ABU DHABI/WAM Adnoc Distribution on Monday announced that the Board of Directors has approved an interim dividend of $350 million (AED1.285 billion) for the first half of 2024, equivalent to 10.285 fils per share, underscoring the company’s commitment to delivering consistent and attractive returns to its shareholders. The deadline for purchasing shares to qualify for the interim dividend payment is ...

SHARJAH/WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Law No. (5) of 2024 on Property Leasing in the Emirate of Sharjah. H.H. the Ruler also issued Law No. (6) of 2024 on the establishment and organisation of the Rental Disputes Centre (RDC) in the Emirate of Sharjah.

ABU DHABI/WAM Abu Dhabi Securities Exchange (ADX) announced on Monday that the name of “Bayanat AI PLC” will be officially changed to “Space42 PLC”, following its merger with Al Yah Satellite Communications Company PJSC, set to commence on 1st October, 2024. In a circular issued on Monday, ADX said that trading of the new shares of Bayanat AI PLC (resulting ...

SHARJAH/WAM Sharjah Business Women Council (SBWC) and the American University of Sharjah (AUS) hosted the second roundtable in their series aimed at empowering female entrepreneurs in the UAE. Held at the American University of Sharjah, the event focused on the theme “Female Entrepreneurial Ecosystem in the UAE: Access to Funding Challenges”. This session built upon insights gathered from the previous ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has congratulated Anura Kumara Dissanayake for his victory in the Sri Lankan Presidential elections as President of the Democratic Socialist Republic of Sri Lanka. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al ...

WASHINGTON/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan spoke of the ‘power of partnerships’ during talks with US President Joe Biden at the White House on Monday. His Highness reaffirmed the UAE’s unwavering commitment to its US partnership and hailed the power of building bridges with nations that share the same values and ambitions for a brighter ...

WASHINGTON/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived on Monday at the White House in Washington DC at the beginning of his official visit to the United States of America. His Highness will meet with US President Joe Biden to discuss the deep, historical ties between the UAE and US. The meeting will explore opportunities ...

DUBAI / WAM Al Ansari Financial Services PJSC has announced that its Board of Directors has approved an interim cash dividend for the first half of 2024 amounting to AED157.5 million, equivalent to 2.10 fils per share. The last date for dividend entitlement is September 26 2024, with the ex-dividend date set for September 27 2024. The registry will close ...

DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has urged private sector companies employing 20 to 49 workers to accelerate efforts to hire at least one Emirati citizen this year, advising against waiting until the end of the grace period, which concludes at the end of 2024. This follows the cabinet’s decision to expand the scope of ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has renewed its calls for resident juridical persons with licences issued in July, irrespective of the year of issuance, to promptly submit their corporate tax registration application no later than September 30 2024, to avoid administrative penalties. In a press statement issued on Monday, the FTA advised taxable persons to adhere ...