Media In-Abu Dhabi, 26 November 2018 The Abu Dhabi Department of Economic Development (ADB), represented by the Industrial Development Bureau (ADB), signed a Service Level Agreement with the General Administration of Abu Dhabi Customs to adopt and implement the best standards and practices related to the facilitation of cross-border trade …
Read More »AED 2.268 trillion of conventional bank assets by the end of October
Media In Abu Dhabi 26 November 2018) The value of the assets of traditional banks operating in the UAE amounted to approximately AED 2.268 trillion, which constitutes 80% of the total assets of the banking system by the end of October 2018, according to figures issued by the Central Bank …
Read More »The economy of the UAE is among the countries with high potential for global production and development
Media In Abu Dhabi 26 November 2018 (WAM) The diversification policy adopted by the UAE has created new tributaries for the national economy, which is now among the most highly developed economies in the world. The value added tax (VAT) is expected to increase by 5% from the beginning of …
Read More »ADNOC Signs Agreement to Achieve Gas Self-Sufficiency
Media In Abu Dhabi, 26 November 2018 (WAM) Abu Dhabi National Oil Company (ADNOC), on behalf of the Government of Abu Dhabi, has signed a concession agreement with Wintershall Holding GmbH, under which the latter acquired a 10% stake in the Gasha concession. The concession area includes the fields of …
Read More »RERA: Service charges down 12% in Dubai
Media In Dubai – 26 November 2018 The Dubai Land Department has confirmed that the low fees for joint property services in the freehold areas of Dubai have contributed to the attractiveness of real estate projects by encouraging buyers to invest in the medium and long term and even those …
Read More »UAE adopts visa decision for investors and entrepreneurs
Media In Abu Dhabi, November 24, 2018 (WAM) The Council of Ministers approved the decision of investors, entrepreneurs, specialized talents and researchers in the fields of science, knowledge and outstanding students to facilitate business and create an attractive and encouraging investment environment for the growth and success of business for …
Read More »Issued 1436 building permits in Abu Dhabi during the second quarter of 2018
MEDIA IN, Abu Dhabi, November 22, 2018 (WAM) The number of building permits issued in Abu Dhabi reached 1436 during the second quarter of 2018, a growth of 23.5% compared to 1162 licenses in the same period of 2017. Residential building permits accounted for 77.1% of the total number of …
Read More »$ 273 million in trade between Dubai and the Caribbean in 2017
Media IN Dubai, 22 November 2018, The trade volume between Dubai and the Caribbean region reached $ 273 million in 2017, according to a recent analysis issued by the Dubai Chamber of Commerce and Industry (DCCI), which also revealed the promising investment opportunities in the Caribbean markets. The analysis, which …
Read More »Abu Dhabi Chamber invites British companies to boost their industrial investments in Abu Dhabi
Media In-Abu Dhabi, 22 November 2018 Director General of the Abu Dhabi Chamber, Mohammed Bin Hilal Al Muhairi and the Trade Commissioner of the British Middle East, Afghanistan and Pakistan, Simon Baini and his accompanying delegation discussed strengthening the cooperation and partnership through a number of common themes which constitute …
Read More »ADNOC Chief Executive Officer: Artificial Intelligence will contribute to raising efficiency in the oil and gas sector
Media In Abu Dhabi 21 November 2018 (WAM) Dr. Sultan bin Ahmed Al Jaber, Minister of State and Chief Executive Officer of Abu Dhabi National Oil Company (ADNOC) and its group of companies said that the oil and gas sector will play a pivotal role in enabling and driving economic …
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