Local News

DUBAI / WAM Dubai Customs announced that its external trade of masks during the first quarter of 2020 reached AED60.5 million, compared to the 2019 yearly total of AED63.5 million. To meet the rising demand of masks and medical gloves, Dubai Customs took further steps and procedures to facilitate the trade of these items against the outbreak of Covid-19, the ...

ABU DHABI / WAM The Department of Municipalities and Transport (DMT) announced that the number of building permits issued by its subsidiaries in the first quarter of this year increased by 10 percent compared to the same period last year to reach 2,563 permits for buildings in various vital sectors. According to the department’s report, the building permits for residential ...

ABU DHABI / WAM The number of economic incentives launched by the Federal Government and local governments in the country’s emirates exceeded 100 over 45 days, as per a survey conducted by the Federal Competitiveness and Statistics Authority. These incentives include providing banking facilities to various economic sectors and small and medium-sized enterprises (SME) in addition to individuals, as well ...

ABU DHABI / WAM Al Dahra Holding LLC announced the signing of a Memorandum of Understanding (MoU) for a strategic partnership with Bulgaria-based AJD Agro Ltd. for the cultivation and supply of essential crops and forage – including alfalfa and other grasses – and the establishment of forage processing and dehydrating plants across various locations in Bulgaria in the near ...

ABU DHABI / WAM The emirate of Abu Dhabi on April 8 priced a $7 billion multi-tranche international bond offering, which attracted strong interest from international investors. In a statement on Sunday, Abu Dhabi Department of Finance said the successful issuance is an integral component of Abu Dhabi’s medium-term strategy focused on optimisng the capital structure of the emirate. The ...

ABU DHABI / WAM The UAE central bank announced on Sunday that gross bank assets for March had reached AED3.128 trillion, a growth of 1.1 percent from the previous month. In a statement, the central bank noted that money supply aggregate M1 had increased by 2.5 percent last month, reaching AED542.7 billion compared to February figures (AED529.4 billion). It added ...

Abu Dhabi / WAM The UAE  has sent a plane carrying 18 metric tons of medical and food aid to Mauritania as a gesture of solidarity in the fight against the Covid-19 pandemic. The shipment, which contained testing kits, medical devices, and food supplies, will assist approximately 10,000 healthcare workers in Mauritania as they work to contain spread of Covid-19. ...

Abu Dhabi / Emirates Business Etihad Airport Services Catering (EAS Catering) has been commissioned by various government entities, business organisations and community centres, to prepare and provide meals to individuals impacted by the global spread of Covid-19. The facility has been selected to support these initiatives due to its stringent food handling procedures. One of the only food facilities to ...

ABU DHABI / Emirates Business Agthia Group PJSC, one of the region’s leading food and beverages companies, held its 15th Annual General Meeting virtually over video conference. During the AGM, shareholders approved a cash dividend of 15% for an amount of AED 90 million. Among other published and approved agenda items, Agthia announced election results of its board. The group’s ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (Rakez) has carried out 10,000 medical check-ups for labours in working from Rakez industrial zones. The check-ups took place inside clients’ facilities and labour accommodations within the sites. This ongoing initiative is being conducted in collaboration with the Ministry of Health and Prevention (MOHAP), which brought the team of ...