DUBAI: The Ports, Customs and Free Zone Corporation (PCFC) has announced the launch of a pioneering project, the ‘Dubai Code for Ports,’ the first of its kind globally. This comprehensive technical guide aims to establish an integrated framework of te…
Business
Ministry of Finance Hosts Forum on International Taxation with OECD in Dubai.
Dubai: The Ministry of Finance (MoF), in collaboration with the Organisation for Economic Cooperation and Development (OECD), hosted a forum on international taxation in Dubai, which began on Tuesday, 12th November, and concludes on Thursday, 14th Nov…
UAE Leaders Offer Condolences to Grand Imam of Al-Azhar on Passing of His Sister.
DUBAI: President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to His Eminence Dr. Ahmed El-Tayeb, Grand Imam of Al-Azhar, on the passing of his sister. His Highness expressed his heartfelt sympathies and sorrow for t…
ADIB Recognized as World’s Safest Islamic Bank for 2024.
Abu Dhabi: Abu Dhabi Islamic Bank (ADIB) has been recognised as the world’s safest Islamic bank for the third consecutive year by Global Finance Magazine’s for 2024. ADIB was also awarded the Best Islamic Bank in the UAE and Egypt, underscoring its st…
Emirates Development Bank Secures AED 100 Million Deal with Yellow Door Energy for Solar Expansion.
DUBAI: Emirates Development Bank (EDB) today announced a landmark AED 100 million financing agreement with Yellow Door Energy (YDE), a leading sustainable energy partner for businesses in the MEA region, to support the development and operation of mor…
FAB End of Service Benefits Funds Granted Initial Approval from MOHRE, SCA.
Abu Dhabi: First Abu Dhabi Bank (FAB) has received initial approval to make FAB End of Service Benefits Funds available to UAE-based companies, giving employees the opportunity to grow their end of service benefits through the new government Alternati…
China’s Current Account Surplus Reaches $240 Billion in First Three Quarters of 2024.
Beijing: China’s current account surplus reached 1.713 trillion yuan (approximately US$240 billion) in the first three quarters of 2024, according to data released by the State Administration of Foreign Exchange.
According to Emirates News Agency, an…
AED 1.3 Billion Real Estate Transactions Recorded in Sharjah’s Central and Eastern Regions.
Sharjah: A recently published report on real estate transactions by the Sharjah Real Estate Registration Department reveals that the cash trading volume in the ‘Central and Eastern’ regions of the emirate reached AED 1.3 billion during the first nine …
Russia’s Gold Reserves Hit Historic High.
MOSCOW: The value of Russia’s gold holdings has reached an unprecedented milestone, surpassing $200 billion for the first time in history during October. This achievement marks a significant increase in the share of bullion within the country’s intern…
MBank signs commitment letter with SBTi to limit climate change impacts
Abu dhabi: Al Maryah Community Bank (Mbank) is the first digital bank in the UAE to have signed a commitment letter with the Science Based Targets initiative (SBTi).
SBTi is an organisation that helps companies set greenhouse gas emissions reduction …
GCAA launches workshops on winter weather challenges in aviation
Dubai: The General Civil Aviation Authority (GCAA) held a workshop with its strategic partners in Dubai to discuss challenges associated with weather fluctuations, sharing field experiences and best practices that strengthen preparedness for handling …
Ministery of Energy and Infrastructure announces bureaucracy elimination in 21 services
Dubai: The Ministry of Energy and Infrastructure (MoEI) has announced the elimination of bureaucracy in 21 services and processes by cancelling over 745,000 government procedures and reducing the time of delivering services by 75%.
This achievement c…