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DUBAI NEWS

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DEWA tops Happiness Index for second consecutive year
Dubai Electricity and Water Authority (DEWA) has maintained its top position in the Happiness Index in the large Dubai government entities category, for the second consecutive year with a 95% happiness level.

Dubai Islamic Bank Rings Market-Opening Bell To Celebrate Listing USD 750 Million Sukuk On Nasdaq Dubai
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, rang the market-opening bell today to celebrate the listing of a 750 million US dollar Sukuk on Nasdaq Dubai.

DP World Handles 71 Million TEU and Reports 2.9% Volume Growth in 2018
DP World handled 71.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2018, with gross container volumes growing by 1.9% year-on-year on a reported basis and 2.9% on a like-for-like basis

Federal Tax Authority: Donations, Grants and Sponsorships Exempt from VAT Only When Donor, Grantor or Sponsor Has Not Received Benefits in Return
The Federal Tax Authority (FTA) has outlined the principles that must be applied to ascertain the taxability of donations, grants, and sponsorships, noting that if the donor, grantor, or sponsor has received any benefit in return for such payments

DLD launches its real estate promotion plan
Dubai Land Department (DLD) launched its real estate promotion plan for the Real Estate Investment Promotion Investment Management Sector during a press conference held today in the presence of HE Sultan Butti bin Mejren, Director General of DLD.

Emirates NBD UAE PMI
Today sees the release of January data from the Emirates NBD Purchasing Managers’ Index (PMI) for the UAE. The survey, compiled by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.

Al Tayer Briefs Singaporean Delegation About Smart Mobility Projects
HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has received in his office a visiting delegation from Singapore, headed by HE Lim Sim Seng, Chairman of Singapore Land Authority.

Syrian National Wins US$1 Million In Series 293 Of Dubai Duty Free Millennium Millionaire Promotion
Mr. Kathel, an Indian national based in Sharjah and working as cabin crew for Air Arabia, bought his first ever ticket in Series 292 from The Craft Shop at The Irish Village.

"Hi Emirates TV Series’ Share The Truthful Spirit Of The Union And Tolerance Of The U.A.E. And Show The Real Value Of Women In The Arab World’
"Hi Emirates" series is dedicated to the memory of Late Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the UAE and to the leadership, with its wise vision, with the endorsement of the Ministry of Culture and Knowledge Development, the General Authority of Sports and Zayed University.

The Ukraine Pavilion Gets Smart
Smart life. Smart thinking. Smart feeling. These are the three zones that comprise the Ukraine Pavilion, as the Eastern European nation investigates solutions to humanity’s problems through collaboration, creativity and common sense.

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