Articles by: mf_admin

Symantec says it will not participate in offensive operations

April 2, 2019 8:03 am0 comments

It’s not what company stands for, says CTO 02-04-2019,Tuesday,Dubai The US cybersecurity firm Symantec said on Monday that it would not participate in, nor help facilitate, any offensive cyber operations, stating that such activities ran contrary to the company’s ethos. In recent years, a number of cybersecurity firms have been […]

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ADFD facilitates Dh16.5b worth of deals for UAE firms

8:01 am0 comments

UAE companies have been partners in 20 ADFD projects world wide Abu Dhabi: Abu Dhabi Fund for Development (ADFD) on Monday said it has facilitated business deals worth Dh16.5 billion for UAE companies over the last 10 years to implement its projects in developing countries. The Fund has also invested […]

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UAE Team Emirates’ Kristoff claims top honours

7:59 am0 comments
UAE Team Emirates’ Kristoff claims top honours

The victory gives UAE team their first big classic one-day race win 02-04-2019,Tuesday,Belgium: UAE Team Emirates’ Alexander Kristoff defied all odds on Sunday afternoon to take home the Gent-Wevelgem title and add to his growing list of race victories since joining the Emirati formation. It was the Norwegian’s second victory […]

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RTA and Serco extend Dh680 million service contract till 2021

April 1, 2019 8:55 am0 comments
RTA and Serco extend Dh680 million service contract till 2021

The contract also covers new Route 2020 01/04/2019,Monday,Dubai: The Roads and Transport Authority (RTA) has extended its contract with the British firm Serco Group for the operation and maintenance of the Dubai Metro until September 2021. The new contract also covers the Dubai Metro Red Line Extension Project, dubbed Route […]

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Dubai saved 267 megawatts of energy during Earth Hour

8:45 am0 comments
Dubai saved 267 megawatts of energy during Earth Hour

Everyone’s combined efforts resulted in a reduction of 114 tonnes of carbon emissions 01/04/2019,Monday,Dubai: If you switched off non-essential lights and appliances in your home or business for 60 minutes during Earth Hour last night, you contributed to the recorded savings of 267 megawatts (MW) of electricity in Dubai for […]

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GDRFA official warns against visa fraud on Facebook, Instagram in UAE

8:36 am0 comments
GDRFA official warns against visa fraud on Facebook, Instagram in UAE

Dubai authorities identified 119 fake companies selling fake visas last year 01/04/2019,Monday,Dubai: A top official with the General Directorate of Residency and Foreign Affairs (GDRFA) in Dubai has warned residents and visitors against being lured by dubious advertisers on social media platforms who are peddling fake visas and jobs in […]

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UAE may include new products on excise tax list

8:24 am0 comments
UAE may include new products on excise tax list

Ministry of Finance studying possibility to add new goods to tax list 01/04/2019,Monday,Dubai: The UAE is currently studying its options to include new products on the list of excise tax, after implementing the tax on three categories in October 2017. The country’s Ministry of Finance said in a statement on […]

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Adnoc eyes new opportunities after a major milestone in drilling

8:16 am0 comments

State owned firm to target 4m barrels per day of production capacity by end of 2020 01/04/2019,Monday,Abu Dhabi: Abu Dhabi National Oil Company (Adnoc) on Sunday announced it is looking at new growth opportunities and revenue potential after the company’s drilling unit achieved a major milestone by completing its first […]

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Fresh round of taxes may hurt UAE retail market

8:08 am0 comments
Fresh round of taxes may hurt UAE retail market

First round in 2017 hurt sales, analysts say as UAE studies options for further taxation 01/04/2019,Monday,Dubai: As the UAE examines options to implement the excise tax on a broader range of products, analysts say the retail market may not be ready for yet another round of taxation.  The country’s Ministry […]

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IFRS 9 transition to result in higher impairments

8:00 am0 comments

Expected credit losses to be about 15 per cent in 12 to 24 months 01/04/2019,Monday,Dubai: The adoption of International Financial Reporting Standards (IFRS 9) by GCC banks from January 1, 2018 had resulted in a muted impact on financial statements, however, the transition of some accounts from Stage 1 to […]

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