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Media IN Abu-Dhabi, 25th May, 2019- WAM The Federal Tax Authority,FTA, will begin implementing the Cabinet Decision regarding violations of the “Marking Tobacco and Tobacco Products Scheme”, which calls for applying Digital Tax Stamps on the packaging of said products before supplying them to local markets. The penalties are meant …

Media IN DUBAI, 25th May, 2019 WAM The Managing Director and CEO of Dubai Electricity  H.E Seed Mohammed Al Tayer and MD and CEO of  Dubai and Water Authority,DEWA, reviewed the progress of DEWA’s innovation centre, which is one of the projects at the  Mohammed bin Rashid Al Maktoum solar …

Media IN Abu-Dhabi, 25th May 2019 WAM The Board reviewed reports on some of the regulations related to Basel III and took appropriate decisions related to Leverage Ratio, Counterparty Credit Risk, Credit Risk, Credit Value Adjustment, Securitisation, Equity Investment in Funds, Market Risk, Operational Risk, Pillar 3, Credit Risk, Pillar …

Media IN Manama, May 25 2019 (BNA): Bahrain Clear (‘BHC’), a fully owned subsidiary of Bahrain Bourse, signed a cooperation agreement with “BENEFIT”, the leading electronic transactions company, under which Bahrain Clear will join the Electronic Fund Transfer System (EFTS). The agreement was signed by Vice Chairman and Managing Director of Bahrain Clear,and BENEFIT’s …

Media IN Dubai 25-May-2019 NewBridge Fintech Solutions, a two year-old Dubai-based financial technology firm has raised an undisclosed amount in pre-Series A funding from BRS Ventures Investment – a holding company owned by billionaire businessman Dr B.R. Shetty. NewBridge Fintech Solutions (NewBridge) is a company that is looking to create …

Media IN Abu-Dhabi 25, May 2019 Under the agreement, the two entities are looking into a possible 15 year, three-phase plan to develop 7.6 square  kilometres of land at KIZAD The agreement was signed by Samir Chaturvedi, CEO of Kizad, and Meng Changjun, president of Investments, East Hope Group, in …

23-05-2019 Media IN Dubai The real estate transactions in the Department of Land and Property in Dubai achieved more than 6.3 billion dirhams. This week, the department recorded 784 sales of AED 1.3 billion, of which 85 land plots worth 350 million dirhams and 699 sales of apartments and villas …

Media IN Umm Al Quwain 23-05-2019 The Umm Al Quwain Businesswomen Council held today the first preparatory meeting for the new session of the council which runs from 2019 till 2022 for the election of the Board of Directors which resulted in the selection of Aisha Rashid Latim as President …

23-05-2019 media IN \Abu Dhabi The United Arab Emirates (UAE) will hold a delegation headed by HE Sultan bin Saeed Al Mansouri, Minister of Economy, at the “Select American Investment 2019” summit which will be held in Washington DC from June 10 to 12. The delegation includes the Undersecretary of …

Media IN New York, May 23, 2019, SPA The Dow Jones industrial average fell 100.72, or 0.4 percent, to 25,776.61. Eighteen of the index’s 30 components were lower, led by Apple, which dropped more than 2 percent. Goldman Sachs and Boeing each lost at least 1.7 percent. Coca-Cola led advancers, …