Local News

Dubai / WAM The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) jumped across all terms post the Central Bank of the UAE increased on Thursday its base rate applicable to the overnight deposit facility (ODF) by 5 basis points to 15 bps, replicating the US Federal Reserve’s move on Wednesday, according to the CBUAE’s figures. The one-year ...

Abu Dhabi / WAM Emirates Development Bank (EDB) on Sunday announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer (P2P) platform, to expand funding options for the Small and Medium-sized Enterprises (SMEs). The announcement follows EDB’s strategic pledge to support SMEs, startups and large corporates across five priority sectors including manufacturing, healthcare, infrastructure, food security and ...

Dubai / WAM A specialised state-of-the-art hospital has opened its doors in Dubai Science Park, offering spinal, neurosurgical, neurological, orthopaedic and radiosurgery treatments, supported by an advanced cancer centre and neuro-rehabilitation space. The AED 700 million Neuro Spinal Hospital and Radiosurgery Centre has 114 beds – four times the capacity of its former premises in Jumeirah. The hospital also features ...

SHARJAH / WAM Sharjah Airport received the inaugural flight of the Kazakh airline “FlyArystan”, coming from Almaty International Airport and greeted it with a traditional water cannon salute. The airline seeks to benefit from the growing demand for travel to and from the Emirate of Sharjah by building this line, with a frequency of two weekly flights. The choice of ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 266,926 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, 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 treatment. As ...

Dubai / WAM Dubai Chamber of Commerce and Industry (Dubai Chamber) launched a new video series that showcases the impactful ways in which it will connect local and global business communities at Expo 2020 Dubai. The “En Route To The Expo” series focuses on business leaders from the UAE, sharing their thoughts on what they are expecting from the mega-event, ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) has announced the launch of construction of a Wastewater Monitoring Lab in Abu Dhabi that will analyse wastewater samples and issue early warnings to prevent the spread of infectious diseases or harmful substances, as well as curb any adverse effects on the environment. The lab is being developed in ...

Abu Dhabi / WAM The UAE will remain a staunch supporter and advocate of refugee issues across the world, affirmed HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Emirates Red Crescent (ERC), in a statement ahead of the World Refugee Day. HH Sheikh Hamdan said that contributing to innovative and appropriate ...

DUBAI / WAM DP World, UAE Region’s Jebel Ali Free Zone (Jafza) witnessed a 12 percent growth in its healthcare and pharmaceuticals customer base between 2019-2020. To showcase their commitment to promote the growth of healthcare and pharmaceutical companies, DP World, UAE Region and Jafza will participate in Arab Health 2021, one of the leading medical equipment exhibitions in the ...

ABU DHABi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a message of congratulations to President-elect Ebrahim Raisi on winning Iran’s presidential election. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of ...