Media IN LOME, Togo, 17th July, 2019 (WAM) The Khalifa Fund for Enterprise Development, KFED, has announced an operational set of standards and guidelines to be followed under the recently signed Entrepreneurship Support Agreement with the Togolese Republic, Togo. The strategic agreement, which was signed last March, will provide funding …
Read More »DMCC inks MoU with DED to initiate dual licensing scheme
Media IN DUBAI, 17th July, 2019 (WAM) Dubai Multi Commodities Centre, DMCC, Free Zone and Government of Dubai Authority on commodities trade and enterprise, and the Department of Economic Development, DED, have signed a strategic Memorandum of Understanding, MoU, to collaborate on the licensing of companies in Dubai allowing them …
Read More »Mubadala Petroleum secures 20% stakes in two Indonesian concessions
Media IN ABU DHABI, 17th July, 2019 WAM Mubadala Petroleum signed an agreement with British energy firm Premier Oil for a 20 per cent stake in two Indonesian offshore concessions. The company, a unit of Abu Dhabi’s strategic investment firm Mubadala Investment Company will have a 20 per cent interest …
Read More »UAE mull economic cooperation and investment with Gambia
Media IN ABU DHABI, 17th July, 2019 WAM President Adama Barrow of the Republic of Gambia has expressed his country’s interest in promoting economic and investment cooperation with the United Arab Emirates. This came during a meeting with Mohamed Helal Al Muhairi, Director-General of the Abu Dhabi Chamberof Commerce and …
Read More »Mubadala Partners with UEmedical for referral laboratory services
Media IN Abu Dhabi: 16th-07-2019 On Tuesday, National Reference Laboratory (NRL), part of Mubadala’s network of world-class health care providers, announced that it has signed a Laboratory Referral Services Agreement with United Eastern Medical Services (UEMedical) Group, one of Abu Dhabi’s leading private health care operators. NRL will become the …
Read More »du inaugurates first 5G router supporting 50GB data SIM
Media IN DUBAI,16th July, 2019 WAM The ZTE 5G router will allow customers to enjoy 5G access within all 5G-enabled areas of the UAE. Du’s 5G locations are set to grow throughout 2019 as its 5G rollout brings the next generation of connectivity to more parts of the country. The …
Read More »DLD inks MoU with Ras Al Khaimah government entities
Media IN DUBAI, 16th July, 2019 WAM The Dubai Land Department, DLD, has signed Memorandums of Understanding, MoUs, with the Ras Al Khaimah International Corporate Centre, RAKICC, and the Ras Al Khaimah Economic Zone, RAKEZ, for the registration of land and freehold properties on behalf of free zone companies. Under …
Read More »UAE bans sale of Cigarettes not bearing red digital tax stamps across all local markets
Media IN ABU DHABI, 16th July, 2019 (WAM The Federal Tax Authority, FTA, cautioned that owning or selling cigarettes not bearing the ‘Red Digital Tax Stamps’ will be prohibited across local markets as of 1st August 2019, as per the timeline for the ‘Marking Tobacco and Tobacco Products Scheme’, which …
Read More »Trade between UAE and Canada reached AED7.8 billion in 2018
Media IN ABU DHABI, 16th July, 2019 (WAM) Commercial trade between the UAE and Canada totalled AED7.8 billion in 2018, said Badr Al Mushrekh, Director of the Commercial Policies and International Organisations Administration at the UAE Ministry of Economy. The ministry representative made his remarks while commenting on the latest …
Read More »83.2 percent of foreign currency loans in Emirati banks are US Dollar accounts
Media IN ABU DHABI, 16th July, 2019 (WAM) According to statistics from the UAE Central Bank, US Dollar accounts made up 83.2 percent of foreign currency loans in Emirati banks in the first quarter of 2019. Euro accounts occupied the second position, accounting for 9.5 percent while UK Pound accounts …
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