Media In – Abu Dhabi 15 August The Federal Tax Authority has completed all mechanisms for requesting the refund of value added tax on the construction of new housing for citizens and the conditions and documents required to be attached to the requests for refunds submitted to the Authority. The …
Read More »Oil is falling as US inventories increase
Media In – Singapore – 15 August 2018 Oil prices fell today due to a report on the increase in US crude inventories. Futures dropped 0.4 percent to 32 cents to $ 72.14, while West Texas Intermediate crude futures fell 34 cents, or 0.5 percent, to $ 66.70 a barrel.
Read More »Abu Dhabi Securities Exchange (ADSM) SICO is the first registered market maker based outside the UAE
Media In – Abu Dhabi 15 August 2018 / WAM The Abu Dhabi Securities Market (ADSM) has awarded SICO a license to operate as a market maker to become the first overseas market maker and the fifth registered market maker in the Abu Dhabi market in line with its strategy …
Read More »2 million kg proceeds from the sale of the International Festival of Medina Dates
Media In – Medina – 14 August 2018 SPA The Madinah International Dates Festival witnessed sales of more than 2.200.000 kg of Madinah dates in its second week, with a total value of more than 48.100.000 million riyals. On Sunday, the highest sales were recorded with the quantity of dates …
Read More »Egypt signs three new oil and gas exploration agreements
Media In – Cairo – 14 August 2018 Minister of Petroleum and Mineral Resources Tariq al-Mulla signed three new agreements with international companies to explore oil and natural gas in the Mediterranean, Western Sahara and Nile Delta regions. According to a statement by the Egyptian Ministry of Petroleum, the first …
Read More »Dubai Chamber exempts its members from late membership fees
MEDIA IN, Dubai, August 14, 2018 (WAM) Dubai Chamber of Commerce and Industry (DCCI) announced today that it has exempted member companies from late fees and accumulated membership due to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and …
Read More »The exemption of the owners of the rental contracts for the lands of Umm Al Quwain Industrial Authority from the delay penalties
Media In – Umm Al Quwain 13 August 2018 / WAM His Highness Sheikh Saud bin Rashid Al-Mualla, Supreme Council Member and Ruler of Umm Al Quwain, has issued a decree on the exemption of owners of rental contracts for the lands of Umm Al Quwain Industrial Authority. Decree No. …
Read More »US $ 640 million in trade between the UAE and Norway in 2017
Media In – Abu Dhabi August 2018 / WAM The Ministry of Economy published a reading of Norway’s Trade Policy Review Report prepared by the WTO Secretariat as part of its periodic review of trade policies of Member States. Aisha Al-Kubaisi, Director of Trade Policies and International Organizations at the …
Read More »4.2 billion dirhams worth of RAK Chamber members’ exports in 6 months
Media In – Ras Al Khaimah 13 August 2018 / Ras Al Khaimah Chamber of Commerce and Industry (RCCI) announced that its certificates of origin reached 13,900 certificates during the first six months of this year, with exports of AED 4.2 billion in the first half of 2018. Dr. Ahmed …
Read More »AED 2.608 billion in ADNOC Distribution during the first half of 2018
Media in Abu Dhabi, August 13, 2018 (WAM) ADNOC Distribution recorded a gross profit of AED 2.608 billion for the first six months of June 30, 2018, an increase of 24 per cent over the same period last year, while profits before tax, depreciation and amortization increased to AED …
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