News

RAS AL KHAIMAH / WAM Ras Al Khaimah Departmentof Economic Development (Rakded) announced that exhibition organisers, wedding halls and event venues will be exempt from 100 percent of their licensing fees, violation charges and late payment penalties for 2021. The decision is in line with directives from HH Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler ...

Bloomberg Oil in London falls for the first week in two months as signals of a patchy demand rebound across the globe and a stronger dollar held back crude’s rally. Global benchmark Brent futures fall 0.6%. West Texas Intermediate also edged lower, posting its first weekly decline in three weeks. A fresh bout of bond volatility spurred a risk-off mood ...

Abu Dhabi / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) hosted the fifth session of its ‘Future of Industry Dialogue’ series. Convening relevant local entities operating in the defense sector, the virtual meeting falls within the framework of the Ministry’s continued efforts to boost the UAE’s industrial sector and enhance the competitiveness of local products. The meeting ...

DUBAI / WAM Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU), Dubai Health Authority (DHA) and Breathonix Pte Ltd are currently carrying out a joint clinical trial to assess the accuracy of an easy-to-use breath test to detect coronavirus (Covid-19) pandemic within one minute. The trials are being conducted at DHA’s Nadd Al Hamar primary health care centre ...

ABU DHABi / WAM The central bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with Aurora50, a social enterprise focusing on achieving gender-balanced boardrooms in the UAE. The partnership will advance female representation on public and private sector boards consistent with international best practice through knowledge exchange and building a strong pipeline of female talent. The ...

ABU DHABi / WAM By successfully hosting major international events, the UAE is leading the way during the post Covid-19 recovery. In 2021, the UAE managed to bring back the momentum for international events, following a quiet period during the early days of the pandemic outbreak in late 2019. During the first quarter of 2021, the UAE hosted a number ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) won the ‘2020 Middle East and Africa Renewables Deal of the Year’ from Project Finance International (PFI) magazine for the photovoltaic 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park. PFI magazine, a subsidiary of Thomson Reuters, focuses on tracking and analysing projects, financial budgets and project deals worldwide. ...

NEW YORK / Emirates Business Brooge Energy Ltd, a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates, on Saturday announced its wholly-owned subsidiary Brooge Petroleum and Gas Investment FZE (“BPGIC”) has won the Global Ports Forum Award (the “Forum”) for the best terminals of ...

Abu Dhabi / Emirates Business Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of over 250 outlets spread across 10 countries celebrates Mother’s Day by launching an exclusive jewellery collection that can be gifted to mothers as a shimmering tribute to their selfless love. Arab Mother’s Day is celebrated on March 21 ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 244,459 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Saturday, 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 ...