News

Report on growth prospects of Dubai’s cultural sector issued

  Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) launched a report titled ‘Creative Dubai: Dubai’s Growing Cultural Industries’, which provides a comprehensive overview of Dubai’s cultural sector and charts a roadmap for its growth by proposing a strategy focused on seven enabling factors. The report outlines Dubai’s potential to become a global cultural hub and a pioneer ...

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Abu Dhabi offers an exemplary model for pandemic response

  ABU DHABI / WAM Since the onset of the Covid-19 pandemic, Abu Dhabi has presented an exemplary model for pandemic response, recovery and mitigation. The model saw the emirate topping several lists as it was consistently named among the world’s leading cities in effective pandemic response. The emirate ensured the health and safety of its community by providing treatments ...

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UAE announces 775 new recoveries from Covid-19

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 448,050 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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Dewa organises health, safety awareness day

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) organised a virtual awareness day for contractors on health and safety. This is part of Dewa’s commitment to provide a safe and healthy work environment according to the highest international standards, for its employees and employees of its partners. The day featured presentations on the latest health and safety procedures ...

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EGS, University of Arizona ink pact for academic research

  DUBAI / WAM Emirates Group Security (EGS), one of the leading aviation security practitioners and learning and development providers in the region, has signed an agreement with the University of Arizona (UA), located in Tucson, Arizona, USA, to promote collaboration in tertiary education and research on general and security-specific subjects from certificate to postgraduate courses. This new dimension comes ...

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Global remittances to rebound as economies recover, says ADB

  Bloomberg Global remittances will likely grow by $34 billion this year and about $31 billion in 2022, reversing last year’s decline, as economies recover from the impact of the coronavirus pandemic, according to the Asian Development Bank (ADB). Estimated remittance growth of 4.8% globally this year reflects a comparison to last year’s low base, as well as migrant workers’ ...

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Abu Dhabi updates rules to enter emirate from within UAE

ABU DHABI / WAM Abu Dhabi Emergency, Crisis and Disasters Committee has updated the procedure to enter the emirate from within the UAE by requiring green pass for vaccinated individuals and a negative PCR test result for those who are not vaccinated. Effective December 30, in addition to using EDE scanners to rapidly detect potential Covid-19 cases, the new entry ...

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Sharjah Ruler okays AED34.42bn budget

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the general budget for the Emirate of Sharjah of AED 34.422 billion for the fiscal year 2022. The new budget aims to achieve the strategic vision of the Emirate in economic and social development, enhance financial sustainability and ...

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Warba Bank lists $250m sukuk on Nasdaq Dubai

  DUBAI / WAM Shaheen H. Al-Ghanem, CEO of Warba Bank, a leading Kuwaiti Islamic Bank, on Tuesday rang the market-opening bell to celebrate the listing of the bank’s $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). This is the third sukuk listing by Warba ...

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EDB’s business banking app enables access to 500 UAE firms in 3 months

  ABU DHABI / WAM The Emirates Development Bank (EDB) has announced that its Business Banking App has supported more than 500 UAE-based SMEs and start-ups by opening accounts for them in less than 48 hours over the past three months, reinforcing its growing demand and the significance. Designed to support the SMEs operating within the UAE, the app offers ...

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