Local News

Governments must enhance their readiness for future challenges

Dubai / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the World Government Summit has launched an exceptional edition of the Best Minister Award in the world, to honour leading figures who have made distinguished achievements serving humanity in facing the difficult global ...

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UAE to host Mena Climate Week in March next year

Dubai / WAM To boost the momentum of climate action in the Middle East and North Africa (Mena) region and support the shift towards a new model for sustainable growth, the UAE will host the Mena Climate Week 2022, the first event of its kind in the Mena region. Set to take place on March 2-3, 2022, on the sidelines ...

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Covid-19: UAE reports 2,144 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 185,531 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Monday, 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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DIFC joins World Alliance of International Financial Centers

Dubai / WAM Dubai International Financial Centre (DIFC) has announced that its membership of the World Alliance of International Financial Centres (WAIFC) has been unanimously approved by its Board. DIFC will use its membership to collaborate with members who represent other leading global financial centres including London, Frankfurt, Paris, Tokyo and Toronto. As the highest ranked global financial centre in ...

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UAE announces multiple-entry visa, remote work visa for all nationalities

Abu Dhabi / WAM The UAE cabinet adopted a new remote work visa to enable employees from all over the world to live and work in the UAE for one year and approved a multiple-entry tourist visa for all nationalities. The new resolutions are among several initiatives approved by the cabinet during a meeting chaired by His Highness Sheikh Mohammed ...

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UAE retail sales forecast to rise 13% to hit $58 billion in 2021

DUBAI / WAM Retail sales in the UAE are expected to rebound and grow by 13 percent to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the year, Covid-19 vaccination efforts and Expo 2020 Dubai, new analysis from Dubai Chamber of Commerce and Industry has projected. The analysis, based ...

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Foreign reserves of UAE banks’ reach AED519bn

ABU DHABI / WAM The central bank of the UAE’s statistics revealed a net increase in the international reserves of the Emirati banking system of AED12.6 billion over three months, from November 2020 to January 2021. With this continued rise, the cumulative balance of the country’s international reserves amounted to over AED519 billion at the end of January 2021, a ...

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ERC enlarges scope of Ramadan programmes

ABU DHABI / WAM On the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), the ERC enlarged the scope of its Ramadan programmes this year, to counter the health, economic and social repercussions of the coronavirus (Covid-19) pandemic. The ERC’s Ramadan programmes will benefit ...

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Dubai, Sharjah sign deal to promote marine transport

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) signed a Memorandum of Understanding (MoU) with Sharjah Commerce and Tourism Development Authority (SCTDA) to promote the RTA’s marine transport line for ferry riders between the two emirates. Ahmed Hashim Bahrozyan, CEO of the Public Transport Agency, RTA and Khalid Jasim Al Midfa, Chairman of SCTDA, signed the MoU remotely via ...

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Dafza reports AED87.4 billion trade in first 9 months of 2020

Dubai / WAM Dubai Airport Freezone Authority (Dafza) is celebrating its Silver Jubilee year, highlighting its success as one of the leading free zones in the UAE, following outstanding financial and operational results last year. The free zone’s results affirm the effectiveness of its strategic initiatives and economic incentive packages that were launched to overcome the challenges caused by Covid-19. ...

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