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Abu Dhabi Unveils New Cashback Rebate Starting from 35%++ at MIPCOM 2024

Business

Abu Dhabi Unveils New Cashback Rebate Starting from 35%++ at MIPCOM 2024
Business

Business

Abu Dhabi Unveils New Cashback Rebate Starting from 35%++ at MIPCOM 2024

2024-10-22 16:00 Last Updated At:16:25

ABU DHABI, UAE, Oct. 22, 2024 /PRNewswire/ -- Abu Dhabi Film Commission (ADFC) part Abu Dhabi's Creative Media Authority (CMA), today announced a key development which will continue to grow, strengthen and attract strategic investment in the film and TV production industry.

To view the Multimedia News Release, please click: 
https://www.multivu.com/abu_dhabi/9298551-en-new-cashback-rebate-film-industry-mipcom-2024

ADFC is increasing the current rebate from 30% to start at 35%++ for qualify productions who apply from 1 January 2025. This update will secure further production from Hollywood, Bollywood and the Arab world.

Mohamed Dobay, Acting Director General of Creative Media Authority said: "We are proud to have been the first destination to offer a rebate scheme and are a regional prioneer with a proven track record.  The updated financial rebate support will ensure we continue attracting international producers and directors from all over the world and become known as a leading destination for film and TV production both globally and regionally. Hosting blockbuster production shoots not only significantly contributes to the local economy through transport, logistics and accommodation, but leads to unbeatable showcasing opportunities for the destination, which in turn contributes to several sectors including tourism."

Sameer Al Jaberi, Head of Abu Dhabi Film Commission added: "Since launching our rebate scheme in 2013, more than 150 major productions have benefited through the programme. The rebate has a huge impact on our economy as independently verified research shows for every dirham paid through the scheme, more than three dirhams flows back into the economy through hosting large scale productions in the Emirate. Alongside the financial stimulus into the economy, visiting productions provide a tremendous training opportunities for young creatives who are the nation's future storytellers, this focus ensures a strong self sustaining industry. As we near the release of the rebate on 1 January 2025, further information will be shared with our existing production community."

This new development is set to fuel an already extensive ecosystem, as the significantly enhanced rebate financial will benefit more than 800 locally-based media companies (300 of whom are production specific) the 1000-strong freelancer talent pool, young individuals looking for training and internship opportunities and the new golden visa programme, all of which complement the new, state-of-the-art production facilities called "twofour54 Studios".

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Abu Dhabi Unveils New Cashback Rebate Starting from 35%++ at MIPCOM 2024

Abu Dhabi Unveils New Cashback Rebate Starting from 35%++ at MIPCOM 2024

STOCKHOLM, Oct. 22, 2024 /PRNewswire/ -- Each year on October 29th, the global community unites on World Psoriasis Day to raise awareness and advocate for progress in the fight against psoriatic disease. This year, the focus is on the profound impact of psoriatic disease on families, highlighted by the theme "Psoriatic Disease and Family." This chronic condition is a painful, lifelong noncommunicable disease (NCD) that affects millions worldwide, influencing not just the lives of those diagnosed, but also their loved ones.

The challenges of living with psoriatic disease extend far beyond skin lesions and joint pain; they infiltrate daily life and reshape family dynamics. Patients endure both physical symptoms and emotional struggles, including anxiety and depression, exacerbated by social stigma and treatment complexities. In response to this theme, IFPA has released a pivotal report, Inside Psoriatic Disease: Family, revealing that approximately 90% of families report their loved one's condition significantly impacts their quality of life.

The report highlights how psoriatic disease disrupts routines, increases household responsibilities, and alters leisure activities. Families find themselves navigating practical and emotional challenges together, often without adequate support. This report emphasizes the vital but often unrecognized role that family members play in managing the disease—offering care during flare-ups and emotional reassurance while grappling with their own feelings of helplessness and frustration.

Frida Dunger, Executive Director of IFPA, notes: "Psoriatic disease impacts not only those living with the condition but also their loved ones. Families often shoulder the physical and emotional struggles, providing crucial support as they navigate the complexities of care and treatment together."

World Psoriasis Day 2024 aims to raise awareness of these challenges and calls for stronger support networks. IFPA urges healthcare providers, communities, and policymakers to recognize the central role families play and ensure they receive the resources and support they need.

How to get involved:

This year's campaign invites individuals and families to share their stories and raise awareness on social media using the hashtag #psoriaticdiseaseandfamily. Campaign materials, including the Family Report, are available at psoriasisday.org.

About IFPA

Founded in 1971, IFPA is the international federation of psoriatic disease associations. IFPA's members represent over 60 million people living with psoriatic disease worldwide. More information about IFPA is available at https://ifpa-pso.com.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

World Psoriasis Day 2024: Psoriatic Disease and Family--Standing Together in Support and Understanding

World Psoriasis Day 2024: Psoriatic Disease and Family--Standing Together in Support and Understanding

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