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ABU DHABI / WAM The Securities and Commodities Authority (SCA) announced on Wednesday that financial markets in the United Arab Emirates will be closed on Monday, January 1, 2024, in observance of the New Year holiday. Trading activities will resume on Tuesday, January 2, 2024, as per the SCA’s usual business hours. This decision aligns with the Federal Authority for ...

ABU DHABI / AD MEDIA OFFICE The Environment Agency – Abu Dhabi (EAD) and ADQ, have partnered with Dendra, an international environmental technology company, to leverage advanced seeding drones and AI technologies to assess and restore terrestrial and coastal ecosystems across Abu Dhabi. Under the agreement, a set of innovative solutions based on data and advanced artificial intelligence technology will ...

BEIJING / WAM As New Year approaches, experts noted that the Chinese economy remains on the trajectory of accelerating recovery, with new growth drivers continuously emerging which keeps fuelling the momentum well into 2024. Data from major travel platforms has indicated a comprehensive recovery for both domestic and cross-border tourism, Global Times reported. As of December 15, overall travel bookings ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Law No (26) of 2023 pertaining to The Executive Council (TEC) of Dubai. The law highlights the TEC’s objectives, which include implementing the leadership’s vision to foster a thriving society, addressing the needs of citizens, ensuring a ...

ABU DHABI/ WAM The Abu Dhabi Securities Exchange (ADX) today saw two large direct deals executed on the stocks of Eshraq Investments and National Bank of Fujairah (NBF). The two large direct deals were executed on 102.3 million shares worth AED104.3 million. According to ADX data, the first trade was executed on NBF on 15.2 million shares worth AED68.7 million ...

SHARJAH/ WAM Expo Centre Sharjah is gearing up to organise the 19th edition of the SteelFab exhibition – the metalworking sector’s biggest event across the Middle East and North Africa. Running from 8th to 11th January, SteelFab 2024 will feature more than 600 major global brands under one roof as over 275 local and international exhibitors representing top industry leaders ...

ABU DHABI/ WAM Abu Dhabi Maritime, part of AD Ports Group, working in cooperation with the Integrated Transport Centre – Department of Municipalities and Transport (DMT), has announced the official launch of Maritime Hub Abu Dhabi, “Maritime Hub Abu Dhabi – Maritime Hub (maritimehub-ad.com)”, a platform to bridge the gap between public and private stakeholders to connect and strengthen the ...

ABU DHABI/ WAM The new Decree Law No.57 of 2023 announced by the General Pension and Social Security Authority (GPSSA) contributes to enhancing an insured Emiratis chance in obtaining a retirement pension by merging employment years at no cost, thereby increasing the possibility in obtaining a pension and/or end-of-service gratuity once ready to retire. Once an insured chooses to merge ...

BLOOMBERG The European Union (EU) and the UK approved a three-year postponement of tariffs on electric vehicles, giving carmakers more time to make necessary changes to comply with local content requirements under a bilateral trade deal. The tariffs that were set to kick in from next year would have charged a 10% duty on vehicles and batteries traded between the ...

BLOOMBERG Thailand will allocate 34 billion baht ($970 million) through to 2027 to fund its ambition of becoming a major production hub for electric vehicles, renewing a flagship incentive program in the Southeast Asian nation. Foreign EV makers will be eligible to receive up to 40% cuts on import duties and a reduced excise tax rate of 2% for their ...