News

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has announced the issuance of a Small to Medium Sized Enterprises (SME) Market Conduct Regulation to promote best practices among licensed financial institutions (LFIs) when engaging with SMEs. The objective of the regulation is to enhance SMEs’ access to financial products and services. CBUAE’s introduction of this regulation follows ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Golden Jubilee Committee attended by HH Sheikha Mariam bint Mohamed bin Zayed Al Nahyan, Deputy Chairperson of the Committee. The meeting, which was held via video conference, presented the progress made since the committee’s previous meeting ...

Dubai / WAM The Business Registration and Licensing (BRL) sector in Dubai Economy and Amazon have launched a new programme to support DED Trader licence holders by providing interactive e-Learning content to help them thrive in the digital economy. The new programme is part of the cooperation between Dubai Economy and Amazon to support DED Trader licence holders interested in ...

DUBAI / WAM The United Arab Emirates has ranked 15th globally in Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index, up from 19th place in 2020. The UAE business environment demonstrated continued strengths in factors most important to investors, including government incentives for investors. The country’s strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central ...

Dubai / WAM Dubai Customs on Sunday reveal that the government department has completed 752 declarations for Expo 2020 since 2014. Goods cleared for the exhibition between 2014 and 2021 valued AED637.3 million (AED632.3 million of imports through 628 declarations, and AED5 million for exports through 124 declarations). Expo goods weighed 11.8k tonnes (11.6k tonnes for imports and 186.7 tonnes ...

Dubai / WAM Dubai Land Department (DLD), through the Real Estate Regulatory Agency (RERA), announced it won the silver category at the 2021 edition of Stevie Awards in recognition of its electronic Mollak system. The system outperformed its competition in technical innovation in customer service due to its unique technical advantages in this field. The system allows jointly owned property ...

Abu Dhabi / WAM The UAE is headed towards an exciting new phase of sustainable economic growth – one that is driven by an enhanced, technologically advanced and resilient industrial base. This is precisely the vision behind the recently launched comprehensive 10-year Industrial Strategy – known as Operation 300bn that aims to transform the industry into a vital enabler and ...

DUBAI / WAM Ohood bint Khalfan Al Roumi, Minister of State for Government and the Future, has reaffirmed the UAE government’s commitment towards supporting global efforts in bridging the gender gap, achieving balance, and ensuring equal opportunities between women and men in various fields, through promoting partnerships between government and private sectors. Minister Al Roumi stated, in her keynote speech ...

Bloomberg President Joe Biden said the sweeping infrastructure proposal he unveiled this week would result in 19 million jobs created over the next decade as the US seeks to emerge from the pandemic. “Independent analysis shows that if we pass this plan the economy will create 19 million jobs,” Biden said in remarks at the White House. “Good jobs, blue ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has discussed with Sigrid Kaag, Minister for Foreign Trade and Development Cooperation of Netherlands, trade and investment ties and ways to develop them for the interest of both countries and peoples. During the meeting, which was held virtually, they exchanged views on a number ...