Media IN Dubai, 12th-06-2019: In his capacity as Ruler of Dubai, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, enacted a new DIFC Insolvency Law, Law No. 1 of 2019, the Dubai International Financial Centre (DIFC), the leading international financial hub in the …
Read More »ADGM joins the central banks and supervisors network for greening the financial system (NQFS)
Media IN Abu Dhabi, 12 June 2019 Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) in Abu Dhabi, is pleased to share that its Financial Services Regulatory Authority (FSRA) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) to further ADGM’s commitment in …
Read More »UAE’s Artificial Intelligence investment hit $2.15 bn according to Report
Media IN DUBAI, 11th June, 2019 (WAM) According to the Artificial Intelligence (AI) Maturity Report in the Middle East and Africa (MEA) a new study commissioned by Microsoft and conducted by Ernst & Young, EY, the UAE is the second highest regional investor in Artificial Intelligence (AI) over the past …
Read More »More than 1.3m passengers travel through Dubai during Eid holidays: GDFRA
Media IN DUBAI, 12th June, 2019 (WAM) Over 1.3 million passengers travelled through air, sea and land ports in Dubai during the Eid al-Fitr holiday period, according to the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA). A total number of 1.175 million passengers passed through Dubai airports, …
Read More »RTA signs AED474 million contract for buying 373 buses in support of Dubai’s mobility plan
Media IN Dubai: 11th-06-2019 WAM Dubai’s Roads and Transport Authority (RTA) has signed a Dh474 million contract to purchase 373 Volvo SB3 buses, along with a 10-year maintenance contract, in support of Dubai’s mobility plan and to cope with the rising number of public bus riders. The new buses are …
Read More »Dubai non-oil foreign trade hit AED339 billion in Q1 2019
Media IN DUBAI, 11th June, 2019 WAM Dubai customs announced that Dubai had recorded a non-oil foreign trade of AED 339 billion in the first quarter of 2019, registering an increase of seven percent year-on-year from AED316 billion recorded during the same period last year. Exports registered the most growth, …
Read More »UAE launches self-service VAT refund system for tourists
Media IN Abu Dhabi, 11th June, 2019 (WAM) Self-service kiosks have been set up across all the ports included in the Tax Refunds for Tourists Scheme in order to allow tourists to recover Value Added Tax, VAT, when leaving the UAE. The kiosks are operated by Planet, the company enlisted …
Read More »Invest in Sharjah to host 5th Edition of FDI Forum on November
Media IN SHARJAH, 11th June, 2019, (WAM) The upcoming edition of the region’s first-of-its-kind forum will bring together top financial experts and business leaders to discuss an array of topics encompassing the realities of regional and global investments within the context of fast-changing commercial and geopolitical developments. Discussions will explore …
Read More »Etisalat to provide 5G at Abu Dhabi’s Midfield Terminal
ABU DHABI, 11th June, 2019 (WAM) Abu Dhabi-based Etisalat has become the first mobile operator in the Middle East and North Africa to provide 5G coverage inside an international airport. The Midfield Terminal Building (MTB), Abu Dhabi’s new international airport, will become the first airport terminal in the region to …
Read More »AREA 2071 concludes two Global Accelerators Programs
Media IN DUBAI, 11th June, 2019 (WAM) Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, AREA 2071 is an interactive platform that brings together the most innovative and creative minds, and stands as a testament to the UAE’s continuous efforts …
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