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DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, has chaired the Council’s 63rd meeting held remotely. Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, Ahmed Buti Al Muhairbi, Secretary-General of the Supreme Council of Energy, attended the meeting along with the board members. The meeting ...

Bloomberg Chemicals maker Saudi Basic Industries Corp (Sabic) expects sales and earnings to increase this year after it beat analysts’ estimates by making a profit in 2020. The Riyadh-based firm, controlled by Saudi Aramco, said it sees the global rollout of coronavirus vaccines leading to a 2% to 5% gain in revenue this year. Pretax income will be “moderately higher” ...

ABU DHABI / WAM The United Arab Emirates has made innovation a way of life and an administrative approach to modernising government work and strengthening sustainable economic development based on clear plans and strategies, enabling the country to be ranked first in the Arab region and 34th globally in the Global Innovation Index (GII) 2020. On February 1, “Innovation Month ...

ABU DHABI / WAM Abu Dhabi’s global tech ecosystem, Hub71, has forged two new partnerships with leading academic institutions – the United Arab Emirates University’s Science and Innovation Park (UAEU SIP) and Insead Middle East Campus – to upskill talent in Abu Dhabi and attract new science and technological capabilities to its growing tech community. Abu Dhabi’s embrace of technology ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 184,260 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, 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 Mastercard on Sunday launched its Global Cyber Forward programme in partnership with Dubai International Financial Centre (DIFC), the leading global financial centre and largest FinTech hub in the Middle East, Africa and South Asia (Measa) region. Governments, financial institutions and businesses around the world have been facing an increase in cyber threats as people and businesses become ...

DUBAI / WAM The Business Registration & Licensing (BRL) sector of Dubai Economy has issued 33,769 electronic Memorandum of Association (MOA) and e-MOA addendums in 2020, an increase of 16.2 percentfrom 29,067 issued in 2019. This is in line with the Federal Decree-Law No. 7 of 2018 amending articles within Federal Law No. 02 of 2015 on Commercial Companies. The ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) imposed financial sanctions on 11 banks operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations (AML/CFT Law), the pertinent articles and decisions of the Cabinet and Central ...

Dubai / WAM The UAE has approved amendments to the Executive Regulation of the Federal Law concerning Nationality and Passports allowing investors, professionals, special talents and their families to acquire Emirati nationality and passport under certain conditions. The step aims at appreciating the talents and competencies present in the UAE and attracting more bright minds to the Emirati community in ...

Bloomberg The World Bank has committed $12 billion to African countries to support vaccination programs across a continent that hasn’t been able to keep pace with developed nations’ rollouts. The World Bank money will be in the form of grants or on “highly concessional terms,” said David Malpass, president of the World Bank, in a statement following a virtual meeting ...