Local News

ABU DHABI / Emirates Business Abu Dhabi Securities Exchange (ADX) announced that it will be managing remote e-voting for Annual General Meetings (AGMs) of companies listed on the Exchange free of charge. This move will enable a crucial aspect of AGMs to be carried out remotely and will apply to AGMs taking place from March 17 until the end of ...

ABU DHABI / WAM The central bank of the UAE has revealed the country’s banking indicator figures for February, noting gross banks’ assets totalled AED3.095 trillion. The February gross banks’ assets total represents a year-on-year increase of 6.4 percent, compared to February 2019 figures which reached some AED2.909 trillion. This figure is the highest recorded by the UAE banking sector, ...

ABU DHABI / WAM The United Arab Emirates has announced a temporary suspension on issuing visas upon arrival for holders of exempted passports, effective 01:00 (UAE local time) on March 19, as part of the precautionary and preventive measures adopted by the country to contain the spread of coronavirus (Covid-19). Holders of diplomatic passports are exempted from this decision, noted ...

Fujairah / WAM The National Bank of Fujairah (NBF) approved the distribution of profits of 13.5 percent of paid-up capital in the form of cash dividends of 10 percent (AED 185 million) and bonus shares of 3.5 percent (AED64.8 million) of paid-up capital. During its Annual General Assembly Meeting on Wednesday, shareholders also approved the Chairman’s and Directors’ Reports, and the ...

Abu Dhabi / Emirates Business Khalifa University of Science and Technology on Wednesday announced the licensing of its patented technology to a startup floated by an alumnus Emirati entrepreneur with a faculty member. The intellectual property (IP) technology license was granted recently, marking a significant milestone in the university’s innovation journey. The home-based monitoring device, called by the Emirati startup ...

SHARJAH / WAM The Sharjah Investors Services Centre, Saeed, has announced on Wednesday that it will be supporting all its customers through its phone service. This will include enquiries as well as applications. Submission of documents will be enabled via email, and customers will not be required to visit the centre in person. The initiative by Saeed comes in line ...

ABU DHABI / WAM Sudan will receive AED40 million ($10.8 million) in agricultural supplies, the Abu Dhabi Fund for Development (ADFD) announced on Wednesday. The move comes as part of the UAE’s support for the agricultural sector in Sudan, a statement read, adding that the development assistance includes the provision of nine million bags for packaging agricultural products and crops. ...

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 ...

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 ...

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 ...