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Press Dossier   By Date  03/06/2023
Up to Dh3 million fine in UAE: New draft law regulating non-Muslim places of worship approved
The Federal National Council (FNC) has approved a draft federal law regulating places of worship for non-Muslims. The draft law aims to promote the values of tolerance and coexistence and will be applicable to all such places nationwide, including those located in free zones.
UAE ministry, FAB partnership to offer Dh5 billion financing solutions to investors
The Ministry of Industry and Advanced Technology (MoIAT) and First Abu Dhabi Bank (FAB) have entered a partnership to provide exceptional and competitive financing solutions worth Dh5 billion to both local and foreign investors in the industrial and advanced technology sectors.
UAE issues 2 new decisions on corporate tax regime in free zones
The UAE’s Ministry of Finance on Thursday released two new decisions related to qualifying income and qualifying activities for corporate tax in free zones.
Adnoc signs deals with more than 60 companies to bolster local manufacturing
Adnoc has inked agreements with more than 60 UAE and international companies to locally manufacture critical non-oil products in its supply chain.
KAUST signs MoU with nonprofit global health group to develop healthcare services
King Abdullah University of Science and Technology (KAUST) signed a memorandum of understanding with PATH, a nonprofit global health organization, to develop healthcare services in Saudi Arabia.
Abu Dhabi’s ADNOC Logistics & Services trades 44.8% over IPO price in debut
Shares in Abu Dhabi’s ADNOC Logistics & Services climbed 44.8 percent above their listing price on its market debut on Thursday, after raising $769 million in an initial public offering for 19 percent of the business.
Wallen Trading signs partnership with Renault Group to distribute cars in KSA
Wallan Trading Co., one of the leading players in the Saudi car market, signed a strategic partnership to become the official distributor of Renault Group as the Riyadh-based firm looks to expand its automotive offerings in the Kingdom.
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