The UAE has joined the High Level Panel for a Sustainable Ocean Economy (Ocean Panel), a group of heads of state advocating for sustainable management of the ocean.
Tag: Economy
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UAE, New Zealand finalise terms of Comprehensive Economic Partnership Agreement
The United Arab Emirates and New Zealand have successfully concluded negotiations towards a Comprehensive Economic Partnership Agreement (CEPA) that will, once signed and implemented, enhance trade and investment flows between the two nations.
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UAE’s commitment to combating money laundering reinforces global leadership: MENAFATF
The UAE's dedication to combating money laundering and terrorism financing continues to strengthen its position as a regional and global leader, according to Suliman Aljabrin, Executive Secretary of the Middle East and North Africa Financial Action Task Force (MENAFATF)
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Ruwad’ discusses investments development in Sharjah
The Project Financing Committee of the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) convened its 29th meeting, chaired by Hamad Ali Abdullah Al Mahmoud, Chairman of the Committee and Chairman of the Sharjah Economic Development Department (SEDD).
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Mohammed bin Rashid approves AED10 billion expansion plan for Dubai Exhibition Centre at Expo City Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today approved an AED10 billion expansion plan for the Dubai Exhibition Centre (DEC) at Expo City Dubai.
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NMDC Group to list NMDC Energy on ADX
The Board of Directors of NMDC Group PJSC has approved to list NMDC Energy PJSC on the Abu Dhabi Securities Exchange (ADX) and sell a portion of the Group's shares in NMDC Energy PJSC through a public subscription.
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FTA approves AED2.45 billion in home-construction tax refunds for UAE nationals
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 launched and until the end of the first half of 2024.
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UAE national banks provided AED25.7 billion in credit facilities to business, industrial sectors in 5 months
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED25.7 billion during the first five months of 2024, according to the latest figures released by the Central Bank of the United Arab Emirates (CBUAE).
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ADNOC Distribution reports net profit of $170 million in Q2 2024
ADNOC Distribution today announced its financial results for the second quarter of 2024. The Company reported a 15.0% YoY increase to $267 million in Q2 2024 EBITDA, and a 12.9% YoY rise in net profit to $170 million.
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Etihad Airways reports 48% increase in profits to AED851 million in H1-24
Etihad Airways today announced its H1 2024 results, recording a 48 percent increase in profit after tax achieving AED851 million (US$232 million), a significant increase from AED575 million (US$157 million) in H1 2023.