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Mohammed partially amends law on judicial authorities in Dubai

Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE issued Law No. (11) of 2021 partially amending Law No. (13) of 2016 concerning the Judicial Authorities in the Emirate of Dubai. Pursuant to the new law, the Secretariat General of the Dubai Judicial ...

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Abu Dhabi shares at record high amid escalating Mideast tension

Bloomberg Abu Dhabi’s main stock index rises to a record, even amid heightened tensions in the region, as the benchmark’s biggest member surged on hopes of foreign inflows. The ADX General Index climbed 3.5% at the close on Sunday, after earlier gaining as much as 3.8%, boosted by gains for First Abu Dhabi Bank (FAB), the biggest lender in the ...

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FCCI, Moldovan chamber to form joint business council

DUBAI / WAM The UAE Federation of the Chambers of Commerce and Industry (FCCI) has signed a Memorandum of Understanding (MoU) with Moldova’s Chamber of Commerce and Industry to form a joint business council for Emirati and Moldovan business owners. The MoU calls for promoting investment and economic opportunities between the two countries, enhance their commercial cooperation, boost their commercial ...

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Schools in UAE resume classes after Eid vacation

Abu Dhabi / WAM Public and private schools that follow the Ministry of Education’s curriculum, as well as international schools, resumed classes following the Eid al-Fitr vacation. School administrations stressed their keenness to carry out their academic plans, in line with pre-set timelines and before the start of end of year exams. The Emirates Foundation for School Education (Taaleem) recently ...

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India’s oil demand shrinks further as virus crisis persists

Bloomberg India’s oil demand worsened in first half of May as large parts of the nation remained under local lockdowns to battle the world’s worst outbreak of Covid-19. Sales of road transport fuels during May 1-15 dropped by a fifth from previous month and about 28% from same period in 2019, according to people familiar with preliminary data from country’s ...

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Sharjah Ramadan Festival reports AED700m in sales

Sharjah / WAM The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), came to an end after reaching more than AED 700 million in sales. The final raffle draw was held on Saturday evening at City Centre Al Zahia. Expressing his pleasure with the success of the 31st edition of the festival in achieving ...

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Etihad to give away 10,000 prizes during ATM 2021

Abu Dhabi / WAM Etihad Airways has announced it will give away 10,000 prizes this week during Arabian Travel Market (ATM) taking place live in the UAE. The prizes form part of the airline’s commitment to giving away 50,000 prizes throughout the year in celebration of the UAE’s 50th Anniversary. Everyone signed up to the airline’s UAE 50 campaign will ...

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Over 100% increase in beneficiaries of marriage grants in first 4 months

DUBAI / WAM Hessa Bint Essa Buhumaid, Minister of Community Development, revealed that the number of Emirati young would-be spouses benefiting from marriage grants increased by nearly 100 percent from January to the end of April, compared to the same period in 2020. There were 1,080 beneficiaries in the first four months of 2021, compared to 526 during the same ...

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UAE reports 1,222 new recoveries from Covid-19

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 103,918 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

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Sharjah Ramadan Festival sees AED700mn in sales

SHARJAH / WAM The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), came to an end after reaching more than AED 700 million in sales. The final raffle draw was held on Saturday evening at City Centre Al Zahia. Expressing his pleasure with the success of the 31st edition of the festival in achieving ...

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