02-04-2019 Media in\Sharjah The total number of passengers using the concession system in the Emirate last year was 43 million and 500 thousand passengers, while the number of trips completed throughout the year 29 million trips and was running 412 hybrid vehicles to become the total hybrid vehicles operating in …
Read More »Dubai Chamber reviews the economic landscape with members of the diplomatic corps
02-04-2019 Media in\ Dubai Dubai Chamber of Commerce and Industry (DCCI) yesterday held an extensive meeting with ambassadors and members of the diplomatic corps in the UAE as part of its annual “Diplomatic Service Dinner” gathering more than 100 diplomatic personalities at the Mandarin Oriental Hotel in Dubai. The meeting …
Read More »WTO warns of continuing trade tensions
Media In / Geneva 02-04-2019 / WAM The World Trade Organization (WTO) warned today that continued trade tensions will have a significant impact on world trade growth. In a report released in Geneva on global trade growth, the organization said that these tensions, coupled with economic instability, led to slower …
Read More »“Federal Taxation”: start receiving requests for refund “value added” to foreign business
03-03-2019 Media in\ Dubai The Federal Tax Authority announced the introduction of the “VAT refund mechanism for foreign visiting business”, noting that the tax return form for visitors to the country for the purpose of business is available through the website of the Authority. The Authority confirmed in a press …
Read More »AED 155.4 billion savings account balance with the UAE banking system
01-04-2019 Media in\ Abu Dhabi The total savings account of the banking system in the UAE increased to AED 155.4 billion, an increase of 2.2% to AED 3.4 billion during the first two months of 2019 compared to AED 152 billion in December 2018. The increase in the savings account …
Read More »AED 5 billion gains in UAE stocks
01-04-2019 Media in \Abu Dhabi The market value of shares traded in the UAE stock markets reached AED 5 billion despite the contrast that dominated the trading session in today’s session. The biggest support for the market came from real estate stocks led by Emaar, which was close to breaking …
Read More »Construction of Phase 4 of Mohammed Bin Rashid Solar Power Complex
01-04-2019 Media in\ Dubai The construction of the fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Power Complex is completed and will be completed with the construction of the world’s tallest solar power tower at 260 meters, according to the schedule for this phase of the mega project. …
Read More »Abu Dhabi airport receives first Himalayan Airlines flights from Kathmandu
01-04-2019 Media in\Abu Dhabi ABU DHABI – Abu Dhabi International Airport (ADIH) has received the first flights from Himalaya Airlines from Triboban International Airport in Kathmandu to Nepal. “We are delighted to have Himalaya Airlines join the growing list of airlines operating at Abu Dhabi International Airport,” said Martin De …
Read More »Ammar Al Nuaimi is supporting a range of infrastructure development projects at a cost of AED 500 million
01-04-2019 Ajman \Media In HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, approved a package of infrastructure development projects in the emirate at a cost of 500 million dirhams. He stressed that the Municipality and Planning Department in Ajman is proceeding …
Read More »ADNOC expands its local value added program with six additional certification companies
01-04-2019 Media in\ Abu Dhabi Abu Dhabi National Oil Company (ADNOC) announced today that it has expanded its local value added program by appointing a group of 6 additional certification firms responsible for certifying and confirming the suppliers’ performance in the adoption of the Local Value Added Enhancement Program, bringing …
Read More »