Tuesday 23 October 2018

0

PHASE ONE LAUNCH AT AIRPORTS
Tourists can reclaim VAT from November 18, says UAE

UAE’s Federal Tax Authority (FTA) has announced that Tax Refund for Tourists Scheme goes into effect on November 18, allowing eligible tourists to request refunds of the value-added tax (VAT) incurred on their purchases.

more…

1

STRONG FUNDAMENTALS
FAB posts 16pc surge in Q3 net profit to $816m

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has reported third quarter earnings at Dh3 billion ($816 million), up 16 per cent year-on-year, a media report said.

more…

2

KEY UNWTO MEETING
Bahrain to host major world tourism talks next week

Key priorities for the development of the world tourism sector over the next two years will be the focus of a major event hosted by Bahrain next week.

more…

3

ANALYSIS
Mena enterprise IT spend ‘will grow 9.8pc in 2019’

Mena spending on enterprise information security technology and services is on pace to reach $1.9 billion in 2019, an increase of 9.8 per cent over 2018, according to the latest forecast from research and advisory company Gartner.

more…

4

ANALYSIS
Firms must re-think to survive digital era: ICAEW

Accountancy firms need to thoroughly re-think their organisational structure, culture, people and practices to be fit and ready to compete in a digital world, said leading accountancy and finance body ICAEW in a new report.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Nakheel breaks ground on Dragon City twin tower project

UAE master developer Nakheel has broken ground on its first residential component at Dragon City - a Dh713-million ($194 million) twin-tower project comprising two 37-storey buildings, each with 571 one- and two-bedroom apartments.

More…
Energy, Oil & Gas

Dewa awards contract for supply of 11kV power cables

Dubai Electricity and Water Authority (Dewa) has awarded contracts worth Dh382 million ($89.2 million) for the supply of 1,548 km of 11 kilovolt power cables. The manufacture and delivery of the cables will be completed by next September.

More…
Finance & Capital Market

Gulf International Bank names new board

Gulf International Bank (GIB) today announced the appointment of a new board of directors, headed by Dr Abdullah bin Hassan Alabdulgader, who continues as the chairman.

More…
Analysis, Interviews, Opinions

Flexible working ‘could add $10trn to global economy’

A predicted boom in flexible working could contribute $10.04 trillion to the global economy by 2030, according to a socio-economic study of changing workplace practices commissioned by Regus and conducted by independent economists.

More…
Industry, Logistics & Shipping

Aramex launches WhatsApp business solution for customers

Aramex, a leading global provider of logistics and transportation solutions, has launched a more personalised customer interaction channel through its partnership with WhatsApp for Business.

More…
Travel, Tourism & Hospitality

Airport Show 2019 powered by 375 exhibitors from 60 countries

The world’s largest annual airport exhibition in Dubai is going to be power-packed when it returns for its 19th year run in April 2019 with a record 375 exhibitors expected from 60 countries.

More…
IT & Telecommunications

UAE TRA hosts over 15,000 visitors at Gitex

UAE’s Telecommunications Regulatory Authority (TRA) concluded its participation in the 38th edition of Gitex Technology Week registering well over 15,000 visitors to its pavilion.

More…
Lifestyle

Maserati offers 7-year service package

Maserati has announced an extended customer care service for its customers in the Middle East offering a seven-year maintenance and warranty package.

More…
Motoring

E K Kanoo opens GCC's largest LLumar facility in Bahrain

Ebrahim K Kanoo, a diversified business conglomerate, has inaugurated the first dedicated LLumar showroom and facility in Bahrain offering the latest window film solutions for automotive and architectural applications. It’s also the GCC’s largest.

More…
Health & Environment

Manzil Healthcare, Spectator launch new services

Manzil Healthcare Services, a leading homecare medical service provider in the UAE, in collaboration with Spectator Video Technology, has introduced technologically-advanced healthcare services.

More…
Media & Promotion

Dubai Culture hosts wood, gypsum workshop

Dubai Culture, the emirate’s dedicated entity for culture, arts, heritage, and literature, recently hosted a ‘Carving on Wood and Gypsum’ workshop in the Coin Museum at the Al Fahidi Historical Neighbourhood in the emirate.

More…
Education, HR & Training

Khalifa Fund trains 15 entrepreneurs at Boot Camp

Khalifa Fund for Enterprise Development (KFED) recently organized the ‘Boot Camp’ phase of Pitch@Palace GCC 1.0, where 15 qualified entrepreneurs attended an intensive practical and analytical training.

More…
Miscellaneous

UAE approves National Policy for Senior Emiratis

The UAE Cabinet has approved the National Policy for Senior Emiratis to ensure senior citizens' wellbeing as part of the UAE Vision 2021 and the UAE Centennial Strategy 2071.

More…
Live rates widget is provided by DailyForex.com - Forex Reviews and News

calendarCalendar of Events