The EU announced the discovery of a sophisticated US$2.3-billion VAT tax fraud that triggered raids in 14 countries, including France, Germany, Greece and Spain. Over 600 people participated in the scheme, "believed to be the biggest VAT carousel fraud ever investigated in the EU," according to the European Public Prosecutor's...

Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies to expand further than previously expected.

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan has said that November 30 is a day that strengthens people’s loyalty to the UAE while remembering the heroes who made the ultimate sacrifice for their country. In a statement to mark Commemoration Day, observed on November 30, Sheikh...

The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively.

It will open opportunities for Emirati youth to study in European Union, further strengthening the existing people-to-people ties, adds Margaritis Schinas, Vice-President of the European Commission for “Promoting Our European Way of Life”, who was on an official trip to the UAE.

At the 38th Ministerial Session of COMCEC, leaders of Islamic countries discuss ways to enhance bilateral and trade relations to help region and the world evade recession.

Abu Dhabi, UAE----UAE's national carrier Etihad Airways and Garuda Indonesia, the national flag carrier of Indonesia, will nearly double the number of combined destinations the two airlines are able to offer beyond the Abu Dhabi and Jakarta hubs. The number of destinations across the Indonesian archipelago, South East Asia, Middle...

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) has launched the National Nutrition Strategy 2022-2030 to establish sustainable nutritional systems, provide safe and supportive nutritional environments at all ages and strengthen food governance. The Ministry has also launched the strategy’s operational plan. This comes as part of MoHAP’s...

ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in the subscription of initial public offerings (IPOs) that were issued this year through its mobile app. ADIB said that 80 percent of clients subscribed IPOs that were issued in 2022...

ABU DHABI, UAE - Abu Dhabi Airports Monday said that in Q3 2022 passenger traffic totaled 4.7 million passengers, a rise of 250 percent compared to the 1.3 million passengers in Q3 2021. Abu Dhabi Airports, the operator of the five airports in the Emirate of Abu Dhabi, in its...

MENA startups had begun the year with a deluge of funding from investors, but toward the year end a dark cloud hovers over new businesses as global crises dip the enthusiasm.

DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has approved the Dubai Countryside and Rural Areas Development Master Plan, spanning an area of 2,216 square kilometers. The Plan seeks to preserve the nature of areas including Lehbab, Margham, Al Marmoom, Al...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and Russia with the Moscow Chamber of Commerce and Industry. The meeting that took place at Expo Center Sharjah (ECS) brought together Abdallah Sultan Al-Owais, SCCI's Chairman, and Vladimir Platonov, Chairman...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of US$49 million (AED180 million). DEWA also inaugurated a new transmission 400/132kV substation in Jebel Ali First and overhead cables...

Both employers and employees stand to benefit from the UAE's recent labor law amendments, Ben Brown, Partner at the law firm Addleshaw Goddard, tells TRENDS.

SHARM EL SHEIKH, EGYPT - The Ministry of Climate Change and Environment (MoCCAE) organized an awareness session on the UAE Climate Change Research Network (CCRN). The event highlighted the importance of research in exploring innovative climate change mitigation and adaptation solutions. It also emphasized the Network’s role in strengthening the...

AL AIN, UAE - The College of Agriculture and Veterinary Medicine at the United Arab Emirates University launched an awareness campaign entitled "Food Waste Audit". The campaign was launched in cooperation with the Office of the Associate Provost for Research and participation of the Abu Dhabi Waste Management Center (Tadweer)...

The company achieved a gross rental income of $15 million.

The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022.

Abu Dhabi, UAE— The Abu Dhabi Department of Economic Development (ADDED) has partnered with Prototype Interactive to support inventors in developing their ideas into innovative digital and technological applications that will contribute to a sustainable economy. The Memorandum of Understanding (MoU), signed between COAD and Prototype Interactive, allows inventors to...

Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which rely heavily on imports, says a report.

ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first permanent livestock auction market in Abu Dhabi to help breeders market their animals, develop the livestock sector and promote self-sufficiency. During a press conference, ADAFSA announced that the first auction...

PRAGUE, CZECH REPUBLIC - Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah Mohammed Falkinaz met with the members of the UAE-Czech Parliamentary Friendship Committee, headed by Margita Balaštíková. The meeting was also attended by Afraa Al Basty, FNC Assistant Secretary-General for Parliamentary...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA), which is listed on the Dubai Financial Market (DFM), has announced that the company’s second General Assembly meeting will be held physically and virtually on December 12, 2022. The assembly will vote on the recommendation of the Board of Directors to...

Abu Dhabi, UAE---Poland has opened a representative office in UAE capital Abu Dhabi to fuel the growth of bilateral trade and investments between the two countries. The announcement of the launch was made at the Poland Business Forum, which started on Friday with the aim of discussing the prospects of accelerating...

The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead partner.

DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and the 24th Committee of Senior Officials (CSO) meeting held in Dhaka, Bangladesh from November 22 to 24. The UAE delegation was led by Ahmed Ali Al Sayegh, Minister of State...

The company is the largest quick service restaurant operator in MENA.

The two leaders reviewed existing areas of partnership and explored opportunities to develop ties further.

ABU DHABI, UAE - Insurance shares distributed among beneficiaries is one of the most essential privileges in the Federal Law No. 7 of 1999 for pension and social security, said the General Pension and Social Security Authority (GPSSA) on Thursday. The authority stressed that shares are distributed to the daughter,...

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has completed the e-link project with four freezones to integrate and create a unified database of economic licenses in the Emirate of Abu Dhabi. These include KEZAD Group, which consist of 12 economic zones, Abu Dhabi Airports Free...

The 252,000 square metre fulfilment centre facility is being designed and developed by KEZAD Group under a Build-to-Suit agreement.

"Both of our national leaders (in the UAE and China) are keenly aware of the fact that, as two advanced countries at the forefront of technological innovation, it is especially incumbent upon us to be active global stakeholders at this precarious time. We know the threat is real," he adds.

Abu Dhabi, UAE— AD Ports Group will conduct a joint training exercise at Delma Port on November 24. The exercise, which will simulate a maritime incident at the port, is part of ongoing planning and preparation for emergency and crisis response in Abu Dhabi. Thirteen government entities are scheduled to...

Fintechs remain popular with investors mainly due to their scalability, rapid market growth and dependency of people on technology, says Theresa Doan of SEE Institute.

ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) celebrated the graduation of the first batch of the foundation training program for legal researchers. The 'Certified Government Legal Advisor' program was implemented in cooperation with Abu Dhabi School of Government (ADSG), with a total of 554 training hours and...

They will optimize online grocery shopping for UAE customers.

ABU DHABI, UAE - Abu Dhabi's Department of Health (DoH), the regulator of the healthcare sector in the Emirate, and US-based Eversight, a non-profit, partnered to establish the UAE’s first eye and tissue bank. The pact will lead to the creation, development and operation of a comprehensive and seamless eye...

Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office outside of China.

Affirma is in talks with Moelis & Co. on the sale of its minority stake in the company, sources told the agency.

Abu Dhabi, UAE—Masdar will develop a 100 megawatt solar plant in Turkmenistan, the company's first such project in the country. In this regard, Masdar signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo). The JDA signing was witnessed by Serdar...

Raising capital, in general, has become difficult for startups in wake of global and regional issues but the Kingdom is in better position, says Nomow's Sumaya Ali Algabbass.

The country's inflation has risen with global trends and is expected to average just over 5 percent this year, while fiscal and external surpluses have increased further, benefiting from the higher oil prices as well as the removal of the temporary COVID-crisis related fiscal support, IMF said.

The agreement comes as Abu Dhabi accelerates its development of solar energy solutions to support the wider UAE net-zero emissions by 2050 agenda.

The agreements included one between the foreign affairs ministries of the two countries and an MoU in the agricultural and food security sector.

DMCC Tradeflow is an online platform for registering the ownership of commodities stored in UAE facilities.

Abu Dhabi, UAE— The UAE's Ministry of Energy and Infrastructure has announced the approval of the federal law regulating the linkage of distributed renewable energy production units to the electrical grid. The new law aims to enable the production of electricity from renewable sources and achieve the UAE's objectives in...

The company bought four rigs between May and Aug. this year.

The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti.

Queues have built up outside the FIFA ticket centre in Doha and fans report long waits to get onto the official online ticket platform. The spokesman said Qatar, Saudi Arabia, the United States, Mexico, Britain, United Arab Emirates, Argentina, France, India and Brazil were the top markets.