Local News

DUBAI / WAM Dubai Financial Market (DFM) announced that it is temporarily closing its trading floor and customer affairs counters until further notice beginning March 16, as part of its commitment to public health, and in line with measures taken in the UAE to contain coronavirus (Covid-19). Hassan Al Serkal, Chief Operating Officer and Head of Operations Division at DFM, ...

DUBAI / WAM Dubai Airport Freezone Authority (Dafza) has played a key role in boosting Dubai’s economic growth, with a 12 percent contribution to the emirate’s foreign trade in 2019, compared to 11.2 percent in 2018, out of a total trade value of AED1.37 trillion recorded last year. This came as a direct result of the incentives and business facilitation ...

ABU DHABI / WAM Abu Dhabi and Dubai Financial Markets (DFM) announced the prohibition period for insider trading at public shareholding companies listed in the UAE capital markets, which will take effect on Tuesday, March 17, in compliance with the applicable regulations and rules. The Abu Dhabi Securities Exchange (ADX) and DFM called on listed shareholding companies and brokerage companies to implement ...

Dubai / WAM Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, has expanded its geographical outreach with the launch of its first educational programme in broader Central Asia. The AED5,510,250 ($1.5 million) programme, being implemented in partnership with Mercy Corps, is set to tackle widespread youth unemployment in Tajikistan over a period of three years. The programme ...

ABU DHABI / WAM Etihad Airways has announced temporary changes to its route network on Sunday. 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 ...

ABU DHABI / WAM Abu Dhabi and Dubai Financial Markets announced the prohibition period for insider trading at public shareholding companies listed in the UAE capital markets, which will take effect on Tuesday, March 17 2020, in compliance with the applicable regulations and rules. ADX and DFM called on listed shareholding companies and brokerage companies to implement the ban until ...

DUBAI / WAM After making history last year by sending the first Emirati Astronaut, Hazaa Al Mansoori to the International Space Station, the United Arab Emirates Space programme is now fixing its focus on Mars with the Hope Mars Mission. Omran Sharaf, Project Manager of Emirates Mars Mission and Sarah bint Yousif Al Amiri, Minister of State for Advanced Sciences, ...

DUBAI / WAM The Zayed University Council held its first meeting in 2020, led by Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, President of Zayed University, at the university campus in Dubai. At the meeting, Al Kaabi greeted all members and praised their sincere work to expand the progress across various academic, research, administrative, and societal ...

ABU DHABI / WAM AbdulAziz Al Ghurair, Chairman of UAE Banks Federation (UAEBF) commended the UAE Central Bank’s decision to provide an AED100 billion stimulus package, noting that it will give a significant boost to the UAE banking sector, and have far-reaching impact on various sectors that underpin the economy. “During these times of worldwide uncertainty, taking decisive measures like ...

ABU DHABI / WAM The Authority of Social Contribution, Ma’an, and Aldar signed a strategic agreement that will see both organisations address priority social challenges through social contracting. Aldar will invest AED2 million, a demonstration of their commitment to the programme. As part of the agreement, Aldar and Ma’an will work together to build a Social Impact Bond, with the ...