MEDIAN IN , June 25, 2018 Abu Dhabi National Oil Company (ADNOC) has signed a framework agreement with Saudi Aramco to explore strategic partnership and investment opportunities in the construction of a giant oil refinery and a petrochemical complex in the Ratnagiri region on the west coast of India with …
Read More »Dubai Financial Market (DFM) distributes cash dividends to investors at AED 15.8 billion
Media In – Dubai 25 June 2018 / WAM / Dubai Financial Market (DFM) distributed cash dividends for the fiscal year 2017 totaling AED 15.8 billion to 46,6482 investors. The number of companies that managed the market increased the distribution of profits on its behalf to 41 companies this year …
Read More »Announcement of companies eligible to participate in Taweelah desalination project
Media iN Abu Dhabi 25 June 2018 / WAM / The Department of Energy in Abu Dhabi announced the list of companies eligible to participate in the competitive business to select a developer or consortium of developers that will have a maximum of 40% of the desalination plant project to …
Read More »Ras Al Khaimah’s economy reduces non-renewal violations by 60%
Media In – Ras Al Khaimah 25 June RAK Economic announced the start of the implementation of a new schedule of violations of economic activities in the Emirate in accordance with the decision of the Executive Council issued in this regard. The new schedule reduces business costs compared to the …
Read More »The gross domestic product of Sharjah exceeds 25 billion dollars
Media In – Sharjah 24 June 2018 / WAM / The gross domestic product of Sharjah in 2017 amounted to more than 25 billion dollars, the contribution of oil and gas was less than 6%, while the contribution of industrial sector 16.9%, real estate sector 13% and wholesale and retail …
Read More »Dubai Trade Center” lowers licensing fees and establishment in the free zone by about 70%
“Media In – Dubai 25 June 2018 / WAM / Dubai World Trade Center (DWTC) has announced a 70 per cent reduction in license fees and the establishment of companies operating within its free zone, which grants business licenses to foreign companies and those operating through One Central, a development …
Read More »Corporate dividends for the year 2017 were AED 33.1 billion
Media IN Abu Dhabi 25 June 2018 / WAM / The total value of dividends for listed companies in the Abu Dhabi and Dubai Financial markets reached AED 33 billion for the year 2017, a growth of 17.8% compared to AED 28 billion for the year 2016. According to the …
Read More »Federal Taxation: June 28 deadline for submission of declarations and payment of taxes
Media In – Abu Dhabi June 24, The Federal Tax Authority announced that the number of registered works for value added tax (VAT), which is obliged to submit its declarations and pay its taxes by a maximum of 28 June, is estimated at about 92 thousand registered with the Commission, …
Read More »$ 11.1 billion worth of food and beverage trade in Jafza
Media In – Dubai 24 June 2018 / WAM / The volume of trade in the Jebel Ali Free Zone (JAFZA) in the food and beverage sector increased to 3.5 million metric tons with a value of AED 11.1 billion or 17.85% and 15.37% of the total volume and value …
Read More »“Sharjah National Oil” starts the operation of LPG gas loading and loading project
Media In – Sharjah 24 June 2018 / WAM / The Sharjah National Oil Corporation (SNOC) has announced the launch and loading of the liquefied petroleum gas (LPG) project at the Sharjah Sajaa complex in accordance with the directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qassimi, Member …
Read More »