Increase in the economic activity could mainly be attributed to the value added by oil activities, which rose by 33.0 per cent.
Sheikh Nahyan Bin Mubarak Al Nahyan, Minister for Tolerance, opened the fifth edition of the much-awaited Custom Show Emirates (CSE) and fourth edition of International Motorshow Abu Dhabi (IMSAD) 2019 at the Abu Dhabi National Exhibition Centre on Thursday.
The Federal Tax Authority (FTA) has started implementing the Value Added Tax (VAT) Refunds for Business Visitors procedure, noting that a dedicated form for refunding VAT to business visitors has been made available through its website. In a press statement issued on Tuesday, the Authority announced that it is now receiving applications to refund VAT incurred by business visitors to the UAE in 2018.
Miral, Abu Dhabi’s creator of destinations, has revealed a series of development updates at Yas Bay, Yas Island’s upcoming vibrant waterfront community to live, work and play. Once complete, Yas Bay will be home to Abu Dhabi’s newest unique experiences, transforming the southern end of Yas Island and contributing towards Miral’s ambition of making it one of the top global destinations for entertainment and leisure.
Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has approved $80 million (Dhs294 million) in funding to contribute to the economic development of Argentina through supporting a project to fortify the water sector in the province of Santa Fe. ADFD’s concessionary loan will facilitate the expansion of an existing water treatment plant in Desvío Arijón over two phases.
Businesses across the eurozone stumbled into the second quarter as demand remained weak despite more modest price rises, surveys showed on Thursday. Growth stuttered in Germany and forward-looking indicators in its Purchasing Managers’ Index suggest a contraction among manufacturers
Cityscape Abu Dhabi 2019 has been hailed a success in charting a clear path for the UAE capital’s real estate sector as it navigates current market challenges, with the three-day show witnessing sold-out project launches, proactive changes to property laws and in-depth industry-changing discussions.
TOULOUSE: Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signalling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX.
The 9th edition of FAHR International Conference, which was held by the Federal Authority for Government Human Resources, under the patronage of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, successfully concluded on Thursday.