News

DUBAI / WAM Retail sales in the UAE are expected to rebound and grow by 13 percent to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the year, Covid-19 vaccination efforts and Expo 2020 Dubai, new analysis from Dubai Chamber of Commerce and Industry has projected. The analysis, based ...

ABU DHABI / WAM The central bank of the UAE’s statistics revealed a net increase in the international reserves of the Emirati banking system of AED12.6 billion over three months, from November 2020 to January 2021. With this continued rise, the cumulative balance of the country’s international reserves amounted to over AED519 billion at the end of January 2021, a ...

ABU DHABI / WAM On the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), the ERC enlarged the scope of its Ramadan programmes this year, to counter the health, economic and social repercussions of the coronavirus (Covid-19) pandemic. The ERC’s Ramadan programmes will benefit ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) signed a Memorandum of Understanding (MoU) with Sharjah Commerce and Tourism Development Authority (SCTDA) to promote the RTA’s marine transport line for ferry riders between the two emirates. Ahmed Hashim Bahrozyan, CEO of the Public Transport Agency, RTA and Khalid Jasim Al Midfa, Chairman of SCTDA, signed the MoU remotely via ...

Dubai / WAM Dubai Airport Freezone Authority (Dafza) is celebrating its Silver Jubilee year, highlighting its success as one of the leading free zones in the UAE, following outstanding financial and operational results last year. The free zone’s results affirm the effectiveness of its strategic initiatives and economic incentive packages that were launched to overcome the challenges caused by Covid-19. ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) signed a Memorandum of Understanding (MoU) with Sharjah Commerce and Tourism Development Authority (SCTDA) to promote the RTA’s marine transport line for ferry riders between the two emirates. Ahmed Hashim Bahrozyan, CEO of the Public Transport Agency, RTA and Khalid Jasim Al Midfa, Chairman of Sharjah Commerce and Tourism Development Authority, ...

Sharjah / WAM The Big Heart Foundation (TBHF), a UAE-based global humanitarian organisation dedicated to helping refugees and people in need worldwide, received 213 nominations from 41 countries for the fifth edition of the Sharjah International Award for Refugee Advocacy and Support (Siara). Siara 2021 has received 105 nominations from across Africa and 94 from Asia, representing 49 percent and ...

DUBAI / WAM The Palm Tower, Nakheel’s new 52-storey landmark development on Dubai’s Palm Jumeirah, is now almost 95% complete, with all components due to open by October this year. Soaring 240 metres above the world-famous island, the building is in the advanced stages of fit out, with all exterior cladding completed, said a press release issued by Nakheel on ...

DUBAI / WAM Dewa has a robust integrated strategy in place that aims to raise awareness on the importance of conservation and engage with all customers and society members in efforts to protect the environment and conserve natural resources, stated Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), on the eve of World Water ...

Abu Dhabi / Emirates Business Etisalat announced on Sunday that it is Etihad Airways’ official telecom partner, providing the best-in-class mobile and digital solutions for evolving business requirements of small and medium business (SMB) and startup community, and enabling them through their digital transformation journey. Esam Mahmoud, Senior Vice President, SMB, Etisalat, signed a Memorandum of Understanding (MoU) with Fatma ...