Cosmo awarded exploration concession for Offshore Block 4 and will invest up to $145 million (AED532 million) during the exploration phase Agreement further strengthens ADNOC’s long-standing partnership with Cosmo as well as the UAE-Japan strategic bilateral relationship. The Abu Dhabi National Oil Company (ADNOC) announced February 10th 2021, the signing of an exploration concession agreement, […]
You may complain against sanctions mistakenly imposed on you by authorities for omitting to take precautionary measures to limit the spread of coronavirus. You may complain about the fines through the website of Public Prosecution www.pp.gov.ae . The UAE Public Prosecution made available an online service through which people and establishments can complain against sanctions […]
The Emirates Water and Electricity Company (EWEC) and Abu Dhabi Waste Management Center (Tadweer), announced the commencement of a competitive tender process for the development of a greenfield Waste- to- Energy (WtE) Independent Power Project (IPP) For the first stage of the tender process, EWEC and Tadweer invite developers to submit an Expression of Interest […]
With reference to Ministerial Resolution No. 100 of 2020 on issuing directives for implementing the provisions of the Cabinet Resolution No. (57) of 2020 regarding the determination of economic substance requirements, the Ministry of Economy issued requirements and deadlines for submitting notifications and reports of economic substance activities. All Notifications and Economic Substance Reports […]
The long-anticipated and widely discussed Foreign Direct Investment Law, which will have game-changing implications on the investment landscape of the nation, was approved by the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan. The long-awaited 100 per cent ownership by foreign nationals of companies licensed and registered in the UAE is allowed as per […]
The Supreme Petroleum Council (SPC) announced on Sunday the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 billion stock tank barrels (STB), and an increase in conventional oil reserves of 2 billion STB in Abu Dhabi. The announcements were made following the SPC meeting presided over by His Highness Sheikh Mohammed bin […]
Ministry of Finance stopped issuing Tax Residency Certificate via their website from 11th November 2020. The Federal Tax Authority (FTA), in coordination with the Ministry of Finance has completed its preparations to issue both digital Tax Residency and Commercial Activities Certificates, in line with the Cabinet Decision No. 65 of 2020 on Fees for Services […]
A freelance licensing system has been introduced in Abu Dhabi for 48 different types of economic activities. License will be available for UAE citizens, residents and non-residents. The latest initiative is part of Abu Dhabi’s efforts to diversify its employment and investment environment. The Freelancer License will enable businesses to tap into the broad experiences […]
The Abu Dhabi National Oil Company (ADNOC) and ADQ – one of the region’s largest holding companies with a broad portfolio of major enterprises – have established a joint venture named “TA’ZIZ”, which will drive the development of industrial projects within the planned Ruwais Derivatives Park. Potential investment projects selected for Phase 1 will amount […]
ADIPEC is taking place virtually from November 9-12 ,2020. Hosting over 70 ministers, CEOs, and global oil and gas business leaders as speakers, ADIPEC has convened the companies, decision, and policymakers who shape the future of the oil and gas industry for four days of focused business, dialogue and knowledge-transfer that addresses today’s energy challenges […]