Monday 28 May 2018
 
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UAE

Famco names ‘Best Volvo truck driver in UAE'

Al-Futtaim Auto & Machinery Company (Famco), the sole UAE distributor for Volvo trucks, buses and construction equipment, has named the best truck driver in the UAE in the 2018 Volvo Trucks Driver Challenge. The global competi

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Famco names ‘Best Volvo truck driver in UAE'

Al-Futtaim Auto & Machinery Company (Famco), the sole UAE distributor for Volvo trucks, buses and construction equipment, has named the best truck driver in the UAE in the 2018 Volvo Trucks Driver Challenge. The global competi

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UAE firm offers AI-based app for driving insurance

UAE-based i-Insured, the retail unit of a major insurance group in the region, has launched an artificial intelligence based app that offers incentive and premium based on how safe drivers are on the road.   The SafeDriver Pay

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UAE cbank foreign currency assets hit $89bn

Total foreign currency assets held by the Central Bank of the UAE surged 2.8 per cent during April 2018 to Dh326.4 billion ($88.9 billion), from Dh317.44 billion during the same month in 2017, as current account balances rose and deposits with f

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Tourism sector adds $42bn to UAE’s GDP in 2017

The total contribution of travel and tourism to UAE’s GDP was Dh154.1 billion ($41.9 billion), reflecting 11.3 per cent of the country’s GDP in 2017 and is forecast to rise by 4.9 per cent in 2018, said a top government official.

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CosmeSurge unveils 13th branch in UAE

CosmeSurge, a cosmetic surgery and aesthetic medicine provider, has launched its 13th branch in the UAE, with the opening of a new facility in Al Zahra Hospital Sharjah. Dr Amin Hussain Al Amiri, assistant undersecretary of Public

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UAE, Saudi Arabia sign pact to avoid double taxation

The UAE, represented by the Ministry of Finance (MoF), has signed an agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion with respect to taxes on income and capital, with Saudi Arabia. The signing took pla

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UAE’s FANR signs MoU with China’s nuclear agency

The UAE's Federal Authority for Nuclear Regulation (FANR) has signed a memorandum of understanding with China’s Nuclear Safety Administration (NNSA) for cooperation and exchange of information in nuclear safety regulation, said a repor

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UAE a ‘top donor of official development aid’

The UAE was the world's largest donor of official development aid for the fifth running year, relative to its national income according the Organisation for Economic Co-operation and Development (OECD), said Sheikh Abdullah bin Zayed Al Nahy

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May 28 deadline for tax returns, alerts UAE’s FTA

The UAE’s Federal Tax Authority (FTA) has cautioned that this coming Monday (May 28) is the final deadline for submitting tax returns and paying due taxes for the tax period that ended on April 30, a media report said. The F

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