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NEW YORK / WAM The United Arab Emirates (UAE) has urged the international community to close the gap on access to science and technology to improve lives across the world. “Science and technology have played a significant role in the last year,” Sarah Al Amiri, Minister of State for Advanced Technologies, said via a video statement at the UN’s sixth ...

DUBAI / WAM Under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, organisers of the Taqdeer Award announced that it will be launching and activating the Excellence Cards for the labour sector, a new initiative that forms part of the emirate’s efforts to enhance the welfare ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) has announced that its foreign non-oil trade reached more than AED119 billion in 2020. The free zone contributed 10% to Dubai’s non-oil foreign trade and 25% to the total trade in free zones in the emirate of Dubai. This affirms the free zone’s capability in overcoming the challenges and consequences of ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) has announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to implement such an initiative. The integration between the CBUAE’s domestic UAE Funds Transfer System (UAEFTS) and SWIFT’s ...

Abu Dhabi / WAM The UAE on Wednesday sent a plane carrying 50 metric tons of food supplies to the Republic of Mali as part of its initiatives during the Holy Month of Ramadan. “The UAE always seeks to provide all possible support to all brotherly and friendly countries in circumstances that require international solidarity and cooperation, especially during the ...

Bloomberg India’s central bank announced new loan-relief measures for small businesses and pledged to inject 500 billion rupees ($6.8 billion) of liquidity to support the economy against a second deadly coronavirus wave. Some businesses will be eligible for loan restructuring to give them more time to repay debt and keep them going through the pandemic, Reserve Bank of India Governor ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) has announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to implement such an initiative. The integration between the CBUAE’s domestic UAE Funds Transfer System (UAEFTS) and SWIFT’s ...

Dubai / WAM During the month of April, the Dubai Gold and Commodities Exchange (DGCX) registered a monthly Average Open Interest (AOI) of 179,554 contracts. The DGCX’s Indian Rupee Quanto Futures Contract recorded a year-on-year (Y-O-Y) Average Daily Volume (ADV) growth of 562% during the month, as market participants looked to hedge their risk amid market volatility. Additionally, the DGCX’s ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that supporting and advancing the UAE Armed Forces and defence industries will remain a strategic priority. In a statement to mark the 45th anniversary of the Armed Forces Unification Day, carried by the ‘Nation Shield’ journal, His Highness Sheikh Khalifa bin Zayed paid tribute to ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) conducted 204,724 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 scope of testing nationwide to facilitate early detection of coronavirus cases and carry out the necessary treatment. As part of its intensified testing ...