ABU DHABI, Hub71, Abu Dhabi’s global tech ecosystem, has launched a new platform dedicated to increasing capital investment in technology companies, including startups from the region’s leading family offices.Tech “Barza” – meaning majlis – is an exclu…
Day: October 28, 2022
UAE Pro League’s board holds third periodic meeting
ABU DHABI, The UAE Pro League (UAEPL)’s board of directors held on Thursday its third periodic meeting for the 2022-23 season, headed by UAE Pro League Chairman Abdulla Naser Al Jneibi, and attended by all the League’s board members.During the meeting,…
Ministry of Finance announces amendment of some provisions of Value Added Tax Decree-Law
ABU DHABI, The UAE Ministry of Finance announced amendments to some provisions of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT), which will be effective from 1st January, 2023.The amendments were made are in line with international best…
EU, IRENA delegates discuss solar power role in achieving democratic green transition
ABU DHABI, In the context of the EU Climate Diplomacy Weeks 2022 and ahead of COP27, the European Union Delegation to the UAE, in collaboration with the International Renewable Energy Agency (IRENA), organised a high-level panel discussion titled “Sola…
Austrian Chancellor visits Sheikh Zayed Grand Mosque
ABU DHABI, Karl Nehammer, Federal Chancellor of the Republic of Austria, today visited Sheikh Zayed Grand Mosque as part of his official visit to the UAE.He was accompanied by Hamad Al Kaabi, UAE Ambassador to Austria, and the accompanying Austrian del…
Dubai records over AED2.7 bn in realty transactions Thursday
DUBAI, Dubai real estate market recorded 612 sales transactions worth AED1.77 billion, in addition to 109 mortgage deals of AED1.03 billion, on Thursday, data released by the Dubai’s Land Department (DLD) showed.The sales included 535 villas and apartm…
Abu Dhabi and Benin chambers of commerce collaborate to promote investment opportunities
ABU DHABI, Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a Memorandum of Understanding with the Chamber of Commerce and Industry of Benin (CCIB) to enhance economic and trade relations between their members and bring benefits to their b…
Multiply Group reports AED9.29 billion in net profit for Q3 2022
ABU DHABI, Multiply Group, an Abu Dhabi-based investment holding company, reported AED9.29 billion in net profit for the third quarter of 2022 as it continued to deliver strong performance across its investments and subsidiaries.The Group’s Q3 2022 fig…
Masdar opens office in Saudi Arabia to strengthen presence in renewable energy market
ABU DHABI, Masdar has pledged to strengthen its support for Saudi Arabia’s clean energy objectives by opening a new dedicated office in the Kingdom.Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power P…
Alpha Dhabi reports record 9-month net profit of AED9 billion
ABU DHABI, Alpha Dhabi Holding has announced its financial results for the 9-month period ending 30th September 2022, with net profit of AED9 billion, up 150 percent year-on-year from AED3.6 billion.Revenues also grew significantly standing at AED26.6 …
Sharjah University celebrates ‘UAE Codes’ Day in collaboration with National Programme for Coders
DUBAI, University of Sharjah has announced that it will organise an array of events, including competitions, virtual discussions, debates, and workshops as part of the “UAE Codes” Day celebrations.The UAE Codes Day events, organised by the National Pro…
National Centre of Meteorology conducts innovative technology demonstration
ABU DHABI, The National Centre of Meteorology (NCM), through the UAE Research Programme for Rain Enhancement Science (UAEREP), completed the second phase of innovative technology demonstration trials to explore the possibility of artificial cloud forma…