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ABU DHABI / WAM UAE bourses kept their upward move for the second day running, ending Tuesday’s session in the green, and posting gains to the tune of AED5 billion, driven by upbeat sentiments across the banking and realty sectors where a select of blue chips were in a high demand. The positive mood left Abu Dhabi Securities Exchange General ...

DUBAI / WAM HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, opened on Tuesday the Gulfood Manufacturing, the largest and most influential trade show for the food processing and manufacturing sector in the Menasa region, at Dubai World Trade Centre. Strong market demand has promoted an exhibitor intake of over ...

BEIJING / WAM Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC), on Tuesday discussed, with Wang Yang, President of the National Committee of the Chinese Political Consultative Conference, ways of reinforcing the overall parliamentary relations between the UAE and China, based on friendship and mutual respect and achieving their mutual interests. They also discussed ways of ...

ABU DHABI / WAM The first three renewable energy projects under the $50 million United Arab Emirates-Caribbean Renewable Energy Fund (UAE-CREF), have broken ground in the Bahamas, Barbados and Saint Vincent and the Grenadines, the UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC), announced on Tuesday. Fully financed by the Abu Dhabi Fund for Development (ADFD), the UAE-CREF is ...

DUBAI / WAM­­­­­ The Federal Tax Authority (FTA), applauded the high tax compliance rate and increased tax awareness among businesses in the UAE in particular the automotive sector, reiterating its commitment to empowering businesses to play an active role in driving growth in the national economy, and to ensuring tax regulations do not adversely affect commercial activity in any economic ...

SHARJAH / WAM In celebration of the Year of Zayed, the management of the 9th Sharjah Stamp Exhibition has announced that it will showcase a collection of stamps that were issued during the era of the late Sheikh Zayed bin Sultan Al Nahyan, which will include the two commemorative stamps that were launched in 2003 in honour of Sheikh Zayed’s ...

Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, announced the issuance of a thought paper on infrastructure for crypto and distributed ledger environment, and financial market infrastructures (FMIs). The thought paper is issued in cooperation with the Central Securities Depositories (CSD) and under the patronage of the International Securities Service Association (ISSA). CSDs ...

SINGAPORE / WAM The historic shift in energy use, from West to East, coupled with the rapid adoption of advanced technologies, are creating new challenges and opportunities for the global oil and gas industry as it changes gear to meet the growing energy demand from the high-growth economies of Asia, said Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has given directives to honour UAE national achievements that fall in line with the spirit of late Sheikh Zayed bin Sultan Al Nahyan and his prosperous reign, in conjunction with the UAE National Day celebrations and to ...

Abu Dhabi / WAM The UAE Ministry of Human Resources and Emiratisation (MoHRE), announced that Sunday, November 18 will be a public holiday for private sector entities. The announcement was made by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, following the UAE Cabinet decision to mark Sunday as a public holiday, instead of Tuesday, November 20, ...