Local News

ABU DHABI / WAM The Ministry of Economy (MoE) revealed that the total number of commercial agencies registered in the UAE markets across various sectors reached 5,944 by the end of last year. In addition to the 348 new agencies registered during 2020, 65 new agencies were registered during the first quarter of this year. The ministry emphasised that it ...

Abu Dhabi / Emirates Business HE Dr Ali Saeed bin Harmal Al Dhaheri, Chairman of the Board of National Takaful Company “Watania” said that the company approved a dividend payment of 7.5% to the shareholders. 2020 marks the 3rd consecutive year of dividend, on the back of 6% declared in 2019. Speaking in the official press statement HE Dr Al ...

Abu Dhabi / WAM The Ministry of Health and Prevention, MoHAP, announced that it conducted 256,181 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, 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 ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has ordered the payment of bonuses totalling over AED14 million to citizens whose taxi number plates are used by the Dubai Taxi Corporation and Taxi Franchise Companies. Dubai’s Roads and Transport Authority (RTA) ...

Abu Dhabi / WAM Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (Adnoc), on Tuesday announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight. The VLCC fleet expansion plays a significant role in supporting ...

ABU DHABI / WAM Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the virtual International Monetary and Financial Committee (IMFC) meeting, which took place alongside the annual meetings of the International Monetary Fund (IMF) and the World Bank Group. The meeting deliberated the latest global economic developments and the financial and economic repercussions of the coronavirus ...

Dubai / WAM Emirates NBD has announced it is partnering with award winning fintech platform MoniMove to complement the bank’s E20. digital business bank initiative that aims to empower entrepreneurs, startups, SMEs and other businesses in the UAE. The partnership is aligned to Emirates NBD’s digital strategy as the bank continues to lead innovation in digital banking in the region ...

DUBAI / WAM Dubai Land Department (DLD) issued 4,202 different real estate permits that includes 255,579 real estate ads in 2020 through the “Trakheesi” system on the department’s website. Through the system, users can conveniently apply for various real estate permits around the clock without the need to visit DLD, which is in line with precautionary measures aimed at limiting ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), announced that it has awarded contracts worth AED217 million ($59 million) in the first quarter of 2021 for various activities. The contracts were awarded majorly for the development of company’s district cooling infrastructure in Dubai, including the expansion of pipeline network, setting up semi-permanent plant rooms, establishing Thermal Energy Storage systems, ...

Dubai / WAM Dubai Land Department (DLD) has issued 4,202 different real estate permits that includes 255,579 real estate ads in 2020 through the “Trakheesi” system on the department’s website. Through the system, users can conveniently apply for various real estate permits around the clock without the need to visit DLD, which is in line with the precautionary measures aimed ...