Government | Sunday 21 April, 2024 10:53 am

MoF launches 'digital public consultation' on potential implementation of R&D Tax incentive

The Ministry of Finance (MoF) today announced the launch of a digital public consultation to gather the views of relevant stakeholders on the potential implementation of a Research & Development (R&D) Tax Incentive under the UAE Corporate Tax law. The consultation will be open from...

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Government | Sunday 21 April, 2024 10:46 am

AD Ports Group, ADNOC Distribution sign agreement for marine lubricants supply

AD Ports Group, the leading facilitator of global trade, logistics, and industry, has announced today that its Ports Cluster is expanding its business remit to the global distribution of marine lubricants. The announcement came following a strategic agreement inked with ADNOC Distribution, the ...

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Government | Sunday 21 April, 2024 10:36 am

Subscription to April’s issue of Sah to start tomorrow; return set at 5.59%

Subscription to the government-backed savings product for individuals (Sah) will start tomorrow, April 21. Shariah-compliant securities are issued by the Saudi Ministry of Finance and arranged by the National Debt Management Center (NDMC). The return is set at 5.59%. The allocation is set to...

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Government | Sunday 21 April, 2024 10:36 am

Non-oil foreign trade through Abu Dhabi's ports reached AED281.9 billion in 2023

The total volume of non-oil foreign trade through the border crossings of the Emirate of Abu Dhabi amounted to AED281.903 billion during the year 2023, with a growth rate of 8 percent compared to AED260.435 billion in 2022. Imports grew by 19 percent during the past year, reaching a value of...

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Government | Sunday 21 April, 2024 10:29 am

UAE Chamber boosts trade cooperation with Colombia

The UAE Federation of the Chambers signed two Memoranda of Understanding (MoUs) with Colombian counterparts to boost investment and trade opportunities between the two nations. These MoUs also establish a joint business council. The agreements align with the recently signed Comprehensive...

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Government | Sunday 21 April, 2024 10:26 am

DEWA launches the second edition of its technical infrastructure manual

Dubai Electricity and Water Authority (DEWA) launched the second edition of its Infrastructure NOC (No-Objection Certificate) Technical Manual, to be a reference for contractors, consultants, and developers accredited by DEWA. This is part of DEWA’s efforts to promote business in the Emirate....

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Government | Sunday 21 April, 2024 10:18 am

TGA exempts private educational institutions from minimum bus limit

The Transport General Authority (TGA) exempted the private educational institutions from the minimum bus limit, Saudi Press Agency reported. The authority earlier stipulated that such institutions should provide at least five vehicles.  The decision aims to facilitate providing...

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Government | Sunday 21 April, 2024 9:54 am

SAMA Governor stresses importance of global economy flexibility amid current challenges

Ayman Al-Sayari, Governor of the Saudi Central Bank (SAMA), stressed the importance of the global economy flexibility amid the current challenges and the balance of risks that threaten economic prospects. At the IMF/WB 2024 Spring Meetings, held in Washington, DC, Al-Sayari pointed to the...

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Government | Sunday 21 April, 2024 8:57 am

Deloitte launches Kiyadat to advance GCC national talent into leadership roles

Deloitte Middle East announced the launch of Kiyadat, a center of excellence designed to empower national talent across the Gulf Cooperation Council (GCC) region. In Arabic, "Kiyadat" translates to "Leaders", symbolizing the commitment to fostering national talent and paving their way towards...

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Government | Friday 19 April, 2024 10:51 am

Alstom seals deal to upgrade automated people mover system at Jeddah's KAIA

France-based global rail transport company Alstom signed a contract to upgrade the Innovia automated people mover (APM) system at the King Abdulaziz International Airport (KAIA), Jeddah, according to a company statement. Under the contract, Alstom will provide design, engineering,...

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