Media In – Dubai March 17, 2017 and WAM Dubai Electricity and Water Authority (DEWA) has established contracts for the construction of four main transmission stations with a capacity of 400/132 kV at a time, with a total value of more than AED 1.28 billion to add to the total …
Read More »Hamdan bin Rashid discusses new expansions at Dubai World Trade Center
Media In – Dubai 15 March 2018 WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, today inspected the new expansions of Dubai World Trade Center, which include the addition of the One Central Building, which includes a number of office and residential …
Read More »AED 3 billion gains in the week-end session
Media In – Abu Dhabi March 15, 2018 and WAM UAE stock markets ended their trading on the last day of the week on the green box supported by smart buying focused on a segment of leading stocks, especially listed in the real estate and banking sectors. The market capitalization …
Read More »AED 585.1 billion balance of foreign assets with UAE banks
Media In – Abu Dhabi March 15, 2018 and WAM The balance of foreign assets with banks in the UAE stood at AED 585.1 billion, representing 21.8% of the total assets of the bank during the month of January, which amounted to AED 2.688 trillion. The preliminary reading of the …
Read More »Abu Dhabi Ports launches “Khalifa Industrial City for Logistics”
Media In – Abu Dhabi March 14, 2018 Abu Dhabi Ports City (KHCC) has launched the first of its kind in the Middle East to provide flexible storage solutions according to demand. Khalifa Industrial City is a 1.3 million square foot (120,000 square meter) area, providing tenants with free and …
Read More »Dubai Economic City issues 1,646 new trade licenses in February
Media In – Dubai 14 March 2018 WAM The Department of Economic Development (DED) in Dubai has achieved qualitative results in transactions completed during last February, according to the report of the business movement issued by the registration and commercial licensing sector, which indicated that the sector recorded 23,407 completed …
Read More »AED 1.132 trillion worth of interbank transfers within two months
Media In – Abu Dhabi March 14, 2018 The total value of remittances executed between banks operating in the UAE through the UAE Exchange System (UEFTS) was 1.132 trillion dirhams in January and February of this year, according to the Central Bank of UAE today, through statistics issued by the …
Read More »AED 1.5 billion in real estate transactions in Dubai
Media In – Dubai March 14, 2018 Real estate transactions in the Land and Property Department in Dubai achieved more than 1.5 billion dirhams, the most prominent of which were mortgages worth AED 1.1 billion through 69 transactions. With a total value of AED 400 million, of which 17 million …
Read More »The Federation of Taxation emphasizes the need to offer prices inclusive of tax in order to avoid fines
Media In – Abu Dhabi, March 13, The Federal Tax Authority has affirmed that all taxpayers and taxpayers must comply with the prices of goods and services, including tax, in order to avoid the administrative fines imposed in the event of a price violation other than tax. In a press …
Read More »AED 1.6 billion revenue for Abu Dhabi in 2017
Media In – Abu Dhabi, March 13, The annual general meeting of Abu Dhabi Aviation Company approved a cash dividend of 20% of the capital for the fiscal year ended December 2017. The meeting was held at the Ritz-Carlton Hotel Abu Dhabi on Tuesday, chaired by Nader Ahmed Mohammed Al …
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