Local News

Dubai Economy issues 33,769 e-MOA, e-MOA addendums

DUBAI / WAM The Business Registration & Licensing (BRL) sector of Dubai Economy has issued 33,769 electronic Memorandum of Association (MOA) and e-MOA addendums in 2020, an increase of 16.2 percentfrom 29,067 issued in 2019. This is in line with the Federal Decree-Law No. 7 of 2018 amending articles within Federal Law No. 02 of 2015 on Commercial Companies. The ...

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CBUAE imposes AED45.7 million fines on 11 banks

Abu Dhabi / WAM The central bank of the UAE (CBUAE) imposed financial sanctions on 11 banks operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations (AML/CFT Law), the pertinent articles and decisions of the Cabinet and Central ...

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UAE grants citizenship to investors, professionals and special talents

Dubai / WAM The UAE has approved amendments to the Executive Regulation of the Federal Law concerning Nationality and Passports allowing investors, professionals, special talents and their families to acquire Emirati nationality and passport under certain conditions. The step aims at appreciating the talents and competencies present in the UAE and attracting more bright minds to the Emirati community in ...

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Dubai-Israel trade hits AED1b in five months

Dubai / WAM Dubai’s trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and a volume of 6.217k tonnes, according to Dubai Customs statistics. Of this, imports were valued at AED325 million (718 tonnes), exports at AED607million (5.4k tonnes), and transit trade at AED98.7million (52.4 tonnes). Sultan bin Sulayem believes opening ...

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UAE, a global destination for medical tourism

ABU DHABI / WAM The UAE has established itself as one of the best medical tourism destinations in the world over the past years, thanks to international confidence in its health sector, which has succeeded in attracting medical institutions of global prestige. The country ranked first among GCC countries in best medical tourism destination globally according to the US-based Medical ...

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Sharjah to boost services for business community

SHARJAH / WAM The Sharjah Chamber of Commerce & Industry (SCCI), represented by the Branches Management and the Member Services Department, held a coordination meeting with representatives of Tas’heel Businessmen Services Centres “Tas’heel” in the eastern and central regions. The audience was aimed at enhancing cooperation, developing the services provided for the private sector, as well as identifying the challenges, ...

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Dubai to begin administering Sinopharm jabs

DUBAI / WAM The Dubai Health Authority (DHA) on Saturday announced that it will begin providing the Sinopharm Covid-19 vaccine to Emirati citizens and Dubai residents who are aged 60 and above, starting from January 31. The move is in line with the DHA’s keenness to provide the public with an opportunity to select between various types of vaccines available ...

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UAE, a global destination for medical tourism

Abu Dhabi / WAM The United Arab Emirates has established itself as one of the best medical tourism destinations in the world over the past years, thanks to international confidence in its health sector, which has succeeded in attracting major medical institutions of international prestige. The country ranked first among GCC countries in best medical tourism destination globally according to ...

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Covid-19: UAE reports 2,770 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 183,952 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 3,647 new coronavirus cases, bringing the total number of recorded cases in the UAE to 300,661. The ministry also noted that an ...

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UAE citizenship law amendments reflect focus on diversity, tolerance

The UAE keeps issuing decisions that enhance its proactive strategy for the next 50 years based on diversity and tolerance. These decisions seek to attract the brightest minds, cultivate talent and support businesses. This approach was, again, reflected by a law amendment, approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE nd ...

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