News

DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Bank of Italy signed a Memorandum of Understanding to facilitate continued cooperation in the area of financial supervision. The MoU focuses on cooperation and information exchange in the supervision and resolution of financial institutions including the important area of fighting financial crime. This legally non-binding agreement builds on a ...

Ras Al Khaimah / WAM RAK International Corporate Centre (RAK ICC), a world-class corporate registry and Saud bin Saqr Establishment for Small and Medium Enterprises (RAK SME) signed a memorandum of understanding (MoU) to provide opportunities for entrepreneurs and SMEs to create a solid and viable corporate structure for their businesses. The MoU aims to promote RAK ICC and its ...

DUBAI / WAM The Roads and Transport Authority (RTA) in Dubai has announced a donation of AED5 million to the “100 Million Meals” campaign that aims to provide food parcels for disadvantaged individuals and families across 20 countries in the Middle East, Asia, and Africa. Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Directors of RTA, said ...

Abu Dhabi / WAM The Abu Dhabi School of Government (ADSG) and the Civil Service College of Singapore (CSC), the agency specialised for training, learning, and staff development of the country’s public sector, has signed a Memorandum of Understanding, fostering an ongoing exchange of knowledge in the fields of public sector leadership, governance, public administration and management. The CSC is ...

Dubai / WAM Enoc group has announced the opening of two new service stations in Sharjah, bringing the total number of Enoc’s service stations to seven in Sharjah and 152 across the UAE. Located in Muzairah and Homa in Sharjah, the service stations are part of the 12 stations scheduled for completion in Sharjah by the end of the year ...

Abu Dhabi / WAM Ataya, since its launch in 2012, has become a hallmark in the field of social and humanitarian work in the UAE and the world, making tangible differences in the lives of many. Now in its 10th year, Ataya, meaning ‘giving’ in Arabic, will be held as an online shopping destination during the Holy Month of Ramadan ...

ABU DHABI / WAM The Ministry of Economy (MoE) revealed that the total number of commercial agencies registered in the UAE markets across various sectors reached 5,944 by the end of last year. In addition to the 348 new agencies registered during 2020, 65 new agencies were registered during the first quarter of this year. The ministry emphasised that it ...

Abu Dhabi / Emirates Business HE Dr Ali Saeed bin Harmal Al Dhaheri, Chairman of the Board of National Takaful Company “Watania” said that the company approved a dividend payment of 7.5% to the shareholders. 2020 marks the 3rd consecutive year of dividend, on the back of 6% declared in 2019. Speaking in the official press statement HE Dr Al ...

Abu Dhabi / WAM The Ministry of Health and Prevention, MoHAP, announced that it conducted 256,181 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, 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 ...

Bloomberg The US federal budget deficit more than doubled to a record in the first half of the fiscal year amid a fresh wave of stimulus payments to cushion Americans from the persistent coronavirus pandemic. The deficit last month was $659.6 billion, the third-largest on record and biggest since last June, swelling the total from October to March to $1.71 ...