ABU DHABI / WAM Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports, on Wednesday announced that it has implemented the 25 percent reduction in land lease tariff for new contracts as announced by Abu Dhabi Executive Council. The tariff reduction will help companies setting up in Kizad a competitive advantage by lowering initial investment, and subsequently ...
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DUBAI / WAM The Awqaf and Minors Affairs Foundation (AMAF) has launched a remote working system for 50 percent of its employees to ensure their safety, as part of the preventative measures to protect against coronavirus pandemic, Covid-19. Ali Al Mutawa, Secretary General of AMAF, said, “The Awqaf and Minors Affairs Foundation has activated a set of smart solutions and ...
Read More »ABU DHABI / WAM The National Emergency Crisis and Disaster Management Authority (NCEMA) has denied all allegations and rumours spread via social networking sites surrounding the spraying of pesticides in UAE skies as a precautionary measure to combat Covid-19. NCEMA called on the public to obtain information and news from official sources and relevant authorities, and to avoid the sharing ...
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DUBAI / WAM The Business Registration and Licencing (BRL) sector of the Dubai Economy issued 2,523 new licences since the beginning of March, among which 58 percent were professional (1,900), and 39.3 percent (590) were commercial, and together, the licences helped create 6,713 jobs. The figures recorded by the “Business Map” digital platform of Dubai Economy confirm the effective support ...
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DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), started the trial run of an autonomous vehicle at the site of Expo 2020 Dubai, which will be used to transport individuals on a dedicated path from the main entrance to the staff offices. This is part of the RTA’s efforts to broaden the scope of the Dubai Self-Driving Transport Strategy, ...
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ABU DHABI / WAM Etihad Airways announced further changes to its route network amid coronavirus developments. In a statement, the UAE airline said, “Due to the spread of the novel coronavirus (Covid-19) and its continuing impact on air travel services globally, Etihad Airways continues to follow UAE and international government and regulatory authority directives and has implemented a series of ...
Read More »Abu Dhabi / WAM Driven by the latest incentive stimulus packages, and the recent decision to set a 5 percent decline limit, UAE stocks gained AED12.5 bn in market cap by the end of Wednesday’s session. The improved investor sentiments following the recent stimulation decisions to prop up the market saw Abu Dhabi’s General Index rising 2.29 pct to 3,399 ...
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ABU DHABI / WAM The central bank of the UAE announced the issuance of the ‘Dormant Accounts Regulation’. This regulation applies to all banks operating in the UAE. The purpose of the regulation is to establish a framework for the control and protection of dormant funds in banks, said a CBUAE press release on Wednesday. To ensure the funds in ...
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ABU DHABI / WAM The joint military exercise between the UAE and US armed forces, ‘Native Fury 20’, has resumed in the UAE, reflecting the military cooperation between the two friendly countries and their close military ties. Brigadier Tariq Al Zaabi, Director of Native Fury 20, stated that the overall exercise includes a series of joint military training exercises, under ...
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ABU DHABI / WAM Latest figures released by the central bank of the UAE note total foreign assets were valued at AED405.94 billion in February 2020. This figure indicates an increase of approximately AED47 billion, or 13 percent, compared to the same month last year. This growth in the central bank’s foreign assets balances reflect overall positive markers for the ...
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