Last month the UAE and Israel began the process of normalising ties by signing the Abraham Accords at the White House. This flight is the latest development in growing ties between the two nations.
Etihad is describing the flight as a “travel-trade mission” as the aircraft will carry travel and tourism leaders, cargo agents and the media to experience Abu Dhabi and the wider UAE.
For the full article click here
The existing G2 eDirham cards will not be valid after 31 October 2020. The new eDirham cards will integrate better with Federal Tax Authority services.
For the full article click here
Abu Dhabi government institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.
Abu Dhabi Pension Fund and holding company ADQ will take an indirect stake in the pipelines unit Adnoc set up earlier this year, the oil and gas company said in a statement. Adnoc is doing the transaction at the same price as a deal in June, when it agreed to sell a stake in the gas pipelines business to international investors and valued the business at $20.7 billion.
The deal enables local government funds to earn returns on infrastructure assets alongside global money managers.
For the full article click here
This project, visited by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, is scheduled for completion end of 2022.
The next generation marine life theme park will be Yas Island's next mega attraction, complementing Miral's growing portfolio and enhancing the existing offerings on the Island, further positioning it as one of the top global destinations.
Sea World Abu Dhabi will bring the next generation of marine life theme parks and be home to the UAE’s first dedicated marine research, rescue, rehabilitation and world class facilities to support global conservation efforts.
For the full article click here
A new virtual work programme has been announced for expats to be able to move to Dubai with their families on a yearly visa and work remotely from their home country.
The visa programme costs around AED 1,000 plus UAE medical insurance and processing fees.
The requirements are listed below:
For the full article click here
If you need more information and assistance with any visa matter in Dubai or Abu Dhabi, or any other related company set up, restructuring, local partner or PRO support matter please do get in touch with us on +971 (0)4 456 1761 for Dubai, +971 (0)2 448 5120 for Abu Dhabi, contact us through LinkedIN or email us at info@ppg.ae.
Oman has issued a decree to start levying a 5 per cent value-added tax (VAT) in six months' time, state-run Oman TV said on Monday. The tax will be on most goods and services, though with some exceptions, according to a video presentation shown on Oman TV.
All six Gulf Arab states agreed to introduce 5 per cent VAT in 2018. Saudi Arabia, the UAE and Bahrain have already introduced the tax, with Riyadh tripling it this year. Oman, Kuwait and Qatar have not yet introduced the tax.
For the full article click here
UAE based sustainable and smart transportation company ION announced that the electronic autonomous shuttles will start operating in Abu Dhabi & Dubai after a successful trial at the University of Sharjah, the world’s largest integrated education district.
The Navya Autonom vehicles already has seven shuttles deployed in Masdar City and two in Sharjah, more are planned for different sites in Abu Dhabi and Dubai.
For the full article click here
Government officials predict that Abu Dhabi’s economy will expand by 8% by 2022.
Abu Dhabi holds 6% of the world’s proven oil reserves and with oil prices dropping due to the global pandemic there has been a dip in gross domestic product of about 3% this year. Despite this the Abu Dhabi government has continued its capital investment plan and continued to support the economy with several stimulus packages.
Overall growth in 2021 and 2022 is expected to be driven by the oil sector, financial services, government spending and foreign investors.
For the full article click here
Oman have brought in an evening curfew period from 8pm to 5am from Sunday 11th October to Saturday 24th October to reduce the spread of Coronavirus in the country.
The sultanate will be in restricted lockdown during these hours - all public movement and commercial activities are restricted – this is being monitored by the Royal Oman Police (ROP).
For the full article click here
PRO PARTNER GROUP provides a complete range of LLC formation solutions to help.