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    Etisalat inaugurates SMB Awards 2018

    DUBAI, 22nd October, 2018 (WAM) -- Etisalat today announced the launch of ‘SMB Awards’ 2018 to recognize and facilitate the outstanding achievements of Small and Medium businesses and start-ups in the UAE.

    The Awards will recognize individual and group performance across seven categories, namely SMB of the Year, Digital Transformation Award, Start up of the Year, Innovation Award, Positive Social Impact Award, Young Entrepreneur Award and Technology Disruptor Award.

    Esam"...

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    Red Sea Housing buys Dubai's Modular Rental SolutionsOctober 23, 2018

    Red Sea Housing (RSH), one of the largest manufacturers of modular buildings in the Middle East and North Africa (Mena) region, said it has acquired Modular Rental Solutions, a leading rental company based in Dubai, UAE.

    RSH boasts over 40 years of experience in the oil and gas, affordable housing and remote buildings sector - providing both long-term and short-term rental solutions to its clients.

    With the acquisition of Modular Rental Solutions, RSH aims to expand its footprint into the temporary rental market in the GCC by providing quality rental solutions for clients seeking short-term rental options.

    This acquisition also lays foundation to the formation of Red Sea Rentals, the"...

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    Saudi ‘to see 3m new female drivers by 2020’October 23, 2018

    Saudi Arabia’s automotive ecosystem is set for a rapid transformation in the coming years, with 20 per cent of the female population, or three million drivers, expected to be added to the Kingdom’s roads by 2020, a recent whitepaper said.

    An October 2018 report said the lifting of the ban on women driving in Saudi as of June 2018, along with recovering oil prices and economic policies aimed at boosting consumer spending, will result in an eight per cent per annum increase of passenger vehicles sales until 2022.

    The whitepaper, published by global research company Aranca, added that in addition to new car sales, the positive impact of a new customer segment over the next 1-3 years will"...

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    Etihad, Saudia ink codeshare

    Etihad Airways and Saudi national flag carrier Saudia have announced a new codeshare partnership, providing customers with access to more than 40 leisure and business destinations in the home markets and across the world.

    In addition to the codeshare agreement, the two carriers also announced plans for greater commercial cooperation in other fields, including frequent flyer programme benefits, cargo, and engineering and maintenance.

    The codeshare agreement was signed at Saudia headquarters in Jeddah by Saleh bin Naser Al Jasser, director-general, Saudi Arabian Airlines,"...

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    Applications for the National Pavilion UAE’s 2019 Venice Internship now open

    The National Pavilion United Arab Emirates (UAE) - La Biennale di Venezia - has opened applications for the 2019 edition of the Venice Internship, which offers training opportunities to around 21 students and young professionals with an interest in arts, architecture, diplomacy, international relations or representing the UAE on a significant global platform. Selected interns will each spend one month in Venice managing the UAE’s exhibition at the 58th International Art Exhibition of La Biennale di Venezia (Venice Biennale), which will take place from 11 May to 24 November 2019.

    'The National Pavilion UAE proudly represents our country"...

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    Branson steps down as chairman of Virgin Hyperloop One

    Richard Branson is quitting as chairman of Virgin Hyperloop One, saying the company, that plans to build a supersonic transport system in the UAE and other countries, needs a more actively involved leader, the firm said on Monday.

    'At this stage in the company's evolution, I feel it needs a more hands-on Chair, who can focus on the business and these opportunities,' the statement quoted Branson as saying.

    'It will be difficult for me to fulfill that commitment as I already devote significant time to my philanthropic ventures and the many business within the"...

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    UAE tourists can claim VAT refund from November 18

    The UAE Federal Tax Authority (FTA) has announced that the tax refund scheme for tourists will come into effect from November 18, allowing eligible tourists to request refunds of value added tax (VAT) incurred on their purchases.

    The first phase will see the digital system of the Tax Refund for Tourists Scheme implemented at Abu Dhabi, Dubai and Sharjah international airports. As of mid-December, the system will be fully operational to include all airports and land and sea ports in the UAE.

    The authority explained that tax invoices issued starting from November 18, 2018 will qualify tourists who are eligible for a tax refund to reclaim taxes incurred on their purchases.

    FTA"...

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