Last week in UAE

  • This week has been one of the most historic week for UAE as Prime minister of India Mr. Narendra Modi visited UAE, since Indira Gandhi. This visit was marked by very important signings and bilateral treaties.
  • . On the occasion of the arrival of Mr. Modi UAE has allotted a land in Abu Dhabi for constructing a temple.
  • Top notch economists have said that UAE’s economy has set for ‘soft landing’; it does not affect the inflation or the unemployment. It means the economy is slowing down considering the fall in oil prices.
  • UAE government has announced that they might introduce Value Added Tax or VAT for certain goods. They are in discussion with the GCC countries but it’s little politically sensitive. The IMF, World Bank and other economic giants have predicted a slow growth in near future.
  • The UAE government has announced 30th November as the Martyr day in remembrance of those who died in the line of duty. This particular has been selected because Salem Suhail Khamis was the first Emirati who died on the line of duty.
  • Apple has been granted an exemption from foreign ownership laws in the United Arab Emirates that will allow it 100 per cent control of operations in the country. It is the first time UAE is allowing foreign ownership since all the establishments are either partly or completely owned by them.
  • UK-based International School Consultancy (ISC) says UAE is leading with the highest number of schools with medium of instruction is English
  • President Abdrabu Mansur Hadi has commended the UAE’s contributions in Yemen and praised the level of relations between the countries.
  • Consumer finance company Dunia was bid upon by UAE Exchange, a global remittance and Foreign Exchange business headquartered in Abu Dhabi.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *