Construction work in full swing at Yas Bay Arena.
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.
In 2018, SCAD estimated the GDP, at current prices, grew by 14.5 per cent to Dhs931.2 billion from Dhs813.6 billion in 2017.
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.
Sheikh Ahmed Bin Saeed Al Maktoum, Deputy Chairman of the Board of Dubai World Trade Centre Authority (DWTCA) announced the 2018 annual results for the Dubai World Trade Centre (DWTC), which saw the trade hub and events venue host 3.43 million delegates for the first time in its history
Abu Dhabi Global Market (ADGM), will be home to a newly established $1 billion fund, Abu Dhabi Catalyst Partners. The new enterprise will pursue opportunities that satisfy a mandate of creating a hub for pioneering companies to locate at ADGM, to generate attractive returns while having a positive impact on the ADGM ecosystem.
New orders for US-made capital goods increased by the most in eight months in March, hitting their highest level on record and brightening the outlook for manufacturing and the economy.
AJMAN: Abdullah Al Muwaiji, Chairman of Ajman Chamber of Commerce and Industry (ACCI) received a Korean economic delegation led by the South Korean Consul General Chun Young Wook, to explore paths of further accelerating economic cooperation and the most important investment opportunities available in Ajman and Korea. The visit also aimed to increase the trade volume between the two parties.