August 2024

ABU DHABI: The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an insurance company operating in the UAE, pursuant to Article 33 (2) (a) of the Federal Decree-Law No. (48) of 2023 regarding the Regulation of Insurance Activities….

ABU DHABI: ADNOC Gas plc today announced strong financial results for the second quarter (Q2) of 2024, posting an adjusted net income of $1,190 million, a 21% year-on-year (y-o-y) improvement exceeding market expectations.

Revenues for the Q2 period …

ABU DHABI: Emirates Water and Electricity Company (EWEC) today announced that registration is open for its Q3 2024 auction for Clean Energy Certificates (CECs) in Abu Dhabi. The auction is scheduled to close on 13th September 2024.

CECs enable Abu Dh…

HANOI: The remarkable growth in international tourist arrivals in Vietnam has contributed to positive business results for domestic airlines in the first six months of 2024, according to a Vietnam News Agency (VNA) report on Monday.

Accordingly, the …

BERLIN: Germany’s wholesale prices continued to fall in July but the pace of decrease was marginal, data from Destatis, Federal Statistical Office of Germany, showed on Monday.

German news agency dpa reported that wholesale prices posted an annual dr…

DUBAI: Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate issuance programme.

In a statement on Mond…

DUBAI: DMCC-the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise-has announced key performance results in H1 2024, recording 1,023 new member companies, bringing its total to almost 25,000 companies.

DM…

ABU DHABI: The Federal Tax Authority (FTA) has approved a total of 30,920 applications for Value Added Tax (VAT) refunds worth a total of AED2.54 billion submitted by Emirati citizens for taxes incurred on building new residences since the service was…