Traders on Wall Street are awaiting a meeting of the US Federal Reserve this Tuesday and Wednesday. Few expect interest rates to be raised though. The Federal Open Markets Committee statement this week comes as a slew of big firms post their quarterly earnings, including tech giant Apple. Microsoft, Amazon and Alphabet, formally Google, all posted better than expected earnings last week and Apple is expecting revenue to be in the range of AED 179 – 183 billion.
UAE President appoints new Federal Tax Authority chief
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Abdulaziz Mohammed Faraj Al Mulla as Director General of the Federal Tax Authority, with the rank of Ministry Undersecretary.
Uber expands into 7 new European markets in food-delivery push, FT reports
Uber plans to roll out its delivery business into seven new European countries this year, as tech groups ramp up their efforts in the multibillion-euro food-delivery market, the Financial Times reported on Sunday.
UAE strengthens market oversight to ensure price stability for Ramadan
UAE authorities have stepped up market monitoring and supply chain coordination ahead of Ramadan to ensure adequate supplies of essential goods and stable prices.
H.H. Sheikh Mohammed appoints new PCFC Chairman
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a decree appointing Abdulla bin Damithan as Chairman of the Ports, Customs and Free Zone Corporation (PCFC).
DP World announces new leadership appointments
DP World has announced new leadership appointments, naming Essa Kazim as Chairman of the Board of Directors and Yuvraj Narayan as Group Chief Executive Officer.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received US Senator Lindsey Graham at Qasr Al Shati in Abu Dhabi on Wednesday.
As many as 1,856 prisoners of various nationalities will be released from Dubai's correctional facilities on the occasion of the holy month of Ramadan.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has ordered the release of 1,440 inmates from correctional institutions across the country at the beginning of the holy month of Ramadan.
