News

DUBAI / WAM Dubai Land Department (DLD) and Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy, joined forces to lay down a general framework that would enhance the attractiveness of investment in Dubai by attracting foreign direct investment (FDI), expanding the scope of promotions and knowledge sharing as well as organising joint activities that will directly serve ...

ABU DHABI / WAM The National Central Cooling Company (Tabreed) and the International Finance Corporation (IFC), a member of the World Bank Group, are planning to establish a district energy investment platform in Singapore. The platform will invest in district cooling, trigeneration and cooling as a service offering with primary focus on India followed by other South East Asian countries. ...

Abu Dhabi / WAM Khalifa Al Qubaisi, Deputy Director General of Abu Dhabi Fund for Development, received at the Fund’s headquarters Zhaslan Madiyev, Deputy Chairman of the Agency for Strategic Planning and Reform of Kazakhstan. The meeting was attended by Rashed Al Kaabi, Director of Investment Department at ADFD, and senior Kazakh government officials. They explored ways to develop the ...

ABU DHABI / WAM Al Etihad Credit Bureau (AECB’s) Credit Reports and Scores will be used by the two largest telecom operators in the UAE, Emirates Telecommunications Group Company – Etisalat and Emirates Integrated Telecommunications Company – du. The operators will put more reliance on AECB’s reports and scores while onboarding postpaid customers and devices’ purchasers in order to assess ...

AJMAN / WAM The value of real estate transactions in the Emirate of Ajman amounted to AED793 million in February, according to the monthly report issued by the Department of Lands and Real Estate Regulation. The report noted the stable performance of the emirate’s property market. The month witnessed the registration of 454 real estate transactions during February with the ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 218,351 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 ...

DUBAI / WAM Expo 2020 Dubai will celebrate World Wildlife Day 2022 to spearhead a series of programmes dedicated to wildlife conservation and biodiversity, in partnership with the UAE Ministry of Climate Change and Environment and the United Nations Environmental Programme (UNEP). UN World Wildlife Day, celebrated annually on March 3, will be marked during Expo 2020’s Climate and Biodiversity ...

Bloomberg Rishi Sunak will extend furlough payments to UK workers until the end of September, protecting millions of people whose jobs were suspended during the coronavirus pandemic until after restrictions are set to be lifted. With the nation mired in a third lockdown, the government will keep paying 80% of wages for those in the program through the end of ...

Bloomberg Italy’s new government may soon seek parliamentary approval for more stimulus spending as a sluggish vaccination campaign and new coronavirus strains extend the nation’s reliance on fiscal support. Prime Minister Mario Draghi’s administration is planning to distribute about 32 billion euros ($38 billion) that was approved by the parliament in January through a new decree called “sostegno” or “support,” ...

Bloomberg The European Union’s (EU) executive arm is likely to extend a suspension of the bloc’s debt rules through next year amid uncertainty over the region’s economic recovery. In its guidance on fiscal policy for the coming months, the European Commission outlined its parameters for assessing whether to prolong a waiver of the EU’s spending limits, signaling that it won’t reinstate ...