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Etihad Cargo increases focus on cold chain industry with ‘FreshFoward’ product - Dotemirates
1 week 3 day

Etihad Cargo increases focus on cold chain industry with ‘FreshFoward’ product

ABU DHABI, 12th September, 2018 (WAM) -- Etihad Cargo today launched "FreshForward" product, affirming its support for a cold chain industry that is also responsible for importing perishable goods to the UAE. The new product ensures items such as fresh fruits, vegetables, dairy, fish, meat and flowers move seamlessly across Etihad Cargo’s global network until they reach their final destination. More specifically at the Abu Dhabi hub, it prioritises the transfer of perishable cargo from the aircraft into a dedicated centre, and subsequently onto reefer trucks to be delivered directly to the customer’s doorstep anywhere in the UAE. This marks...


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Business News

2 hour 33 minute

DLD Service Centres attain Dhs131b in investments

DUBAI: Dubai Land Department (DLD) has announced that its service centres across the emirate have served more than 39,000 investors, after helping them complete their investments with a total value of Dhs131 billion during the period from January to 31st August, 2018.In the latest report issued by DLD, the number of transactions provided in service centres during the period mentioned amounted to 42,000, distributed between 24,000 transactions for the transfer of ownership, and 18,000 that provided excellent services to investors.Sultan Butti Bin Mejren, DLD Director-General, said, “The demand for service centres is evident due to the completed transactions of more...
4 hour 14 minute

Argentine peso rises on optimism over IMF deal

BUENOS AIRES: Argentina’s peso strengthened for the third straight day on Friday, driven by optimism that the government would sign a revised financing deal with the International Monetary Fund to include stricter fiscal measures and faster cash disbursements.But with the economy shrinking, inflation rising and the president facing opposition to budget cuts ahead of his 2019 re-election campaign, analysts said the peso would remain unstable over the months ahead.The currency rose 2.6 per cent to close at 37.28 per US dollar on Friday, benefiting from dollar inflows as investors piled into Treasury notes offered this week at interest rates about...
4 hour 19 minute

MoE holds ‘Visit UAE’ roadshow in Scandinavian cities

Abu Dhabi:The Ministry of Economy (MoE) has organised a roadshow to showcase the UAE’s sustainable tourism practices in three Scandinavian cities as part of its National Tourism Programme. The roadshow, held in cooperation with various tourism bodies, local government entities, private sector representatives from Emirates airline and other partners from hotels and travel and tourism offices, is aimed at promoting the UAE as a diverse tourism destination.The roadshow started on September 17 from Sweden’s capital, Stockholm, and then moved to the Oslo capital of Norway and is concluding the trip on September 21 in Copenhagen, the capital of Denmark.Abdullah Khalfan...

4 hour 26 minute

Registration for ‘Tax Refund Scheme for Tourists’

ABU DHABI: The Federal Tax Authority (FTA), has invited retailers, outlets and shops registered for Value Added Tax (VAT), to register in the digital system of the Tax Refund Scheme for Tourists, which will come into effect as of the fourth quarter of 2018.The Authority is implementing the Scheme in cooperation with Planet, and has identified four basic conditions for registering, namely: the retailer must be registered with the Authority for VAT and have a tax registration number, TRN; the supplier’s sales of goods must not be excluded from the refund scheme, as determined by the Authority; the retailer must...
4 hour 33 minute

Sharjah, ASEAN explore economic ties

Sharjah: Sharjah has welcomed the ASEAN community’s growing interest in the emirate’s robust and rapidly diversified economy, which attracted $1.63 billion in foreign direct investments in 2017 recording a sizeable jump in growth compared to 2016. Investors, diplomats, expanding enterprises and private businesses representing ASEAN members were brought together on a networking platform, the Sharjah-ASEAN Business Roundtable, organised by the Sharjah FDI Office (Invest in Sharjah)in collaboration with the ASEAN Business Councils Alliance, recently. Among prominent attendees were Samuel Tan Chi Tse, Ambassador of the Republic of Singapore in UAE (Chair of ASEAN); Syed Md Hasrin Tengku Hussin, Ambassador of...
4 hour 52 minute

UAE’s bad loan days ‘are behind us,' says country’s top banking head Abdul Aziz Al-Ghurair

LONDON: The UAE banking sector is well-positioned for future growth, with the days of “bad loans” dragging down bank balance sheets “behind us,” according to the country’s top banking head Abdul Aziz Al-Ghurair. “I think banking in the UAE is in a very good position,” said Al-Ghurair, who is the CEO of Mashreq Bank in Dubai and the chairman of the UAE Banks Federation. “Our capital adequacy is at 17 percent so this is pretty high around the world. The cost to income ratio is below 40, which is a really fantastic number so ability to generate profit is high,”...