News

DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, partnered with ECGC Limited (ECGC), the export credit agency of India, to explore and bolster the trade and economic cooperation between the UAE and India. In a Memorandum of Understanding (MoU) signed by Massimo Falcioni, CEO of ECI and M Senthilnathan, Chairman-cum-Managing Director of ECGC, the two ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has approved the general budget of the Ajman Government for 2021, which is valued at AED2.066 billion and without a deficit. The budget aims to achieve the government’s strategic priorities, provide the best services, and enhance the emirate’s financial sustainability. HH Sheikh ...

SHARJAH / WAM Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince, Deputy Ruler, and Chairman of the Sharjah Executive Council (SEC), on Tuesday, chaired a meeting of SEC at the Sharjah Ruler’s office, in the presence of Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC. The council discussed ...

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) developed a National System for Personal Protective Equipment (PPE) in collaboration with its government and private-sector partners. The first-of-its kind initiative in the Middle East and North Africa (Mena) region, the system outlines a set of technical specifications for the manufacture of face masks, protective and medical gloves, ...

Bloomberg Oil climbed as the UK is poised to grant regulatory approval to another Covid-19 vaccine and as the US passed its stimulus bill into law. Futures in New York are trading 1.2% higher after dipping in early trading. Britain’s drug regulator could clear the shot produced by AstraZeneca Plc and the University of Oxford for use as early as ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that EasyLease has listed its shares on ADX Second Market, under the ticker symbol EasyLease, and trading began on the shares on Sunday. The company’s nominal value of share capital is AED30 million, with 30 million shares and each share having a nominal value of AED1. This listing brings number ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has directed to extend tourist visa for all nationalities for one additional month without any government fees as some states have temporarily closed their airports and restricted travel movement. The decision comes to relax measures for visitors coming ...

DUBAI / WAM DP World, a global provider of smart logistics solutions, has been selected as the preferred bidder to enter into discussions with the government of Angola for a 20-year concession and operation of the Multipurpose Terminal (MPT) at the Port of Luanda. Following an international tender process and subsequent announcement last month of DP World’s selection by the ...

ABU DHABI / WAM Etihad Airways, the UAE national airline, has expanded its business with the launch of charter and special flight services. Fully customisable, business and leisure guests can choose from a variety of flight options including a dedicated passenger service, cargo only flight or a combined passenger and cargo package, the airline said on Monday. Alex Featherstone, Vice ...

ABU DHABI / WAM The International Defence Exhibition and Conference (Idex 2021) and the Naval Defence Exhibition (Navdex 2021), signed a strategic agreement with the Tawazun Economic Council. Tawazun will be the principal partner of the exhibitions in line with Idex’s strategy of fostering cooperation with national companies specialised in vital sectors. Both Idex and Navdex are held under the ...