News

Abu Dhabi / WAM The UAE’s decisive and swift handling of the Covid-19 crisis, has shown the efficiency of the measures taken since the outbreak of pandemic. Administering more than four million Covid-19 vaccine doses and conducting over 26 million tests is yet another proof that the UAE is confidently striding towards recovery, thanks to the vision of our wise ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Pakistan Business Professional Council in Abu Dhabi and the UAE Ministry of Economy, has hosted a webinar, entitled “Latest Updates on UAE Economy 2021 and New FDI Law:100% Foreign Ownership”. The webinar presented a general overview of the UAE economy in 2021, and new ...

Dubai / Emirates Business Let’s Organic, the region’s leading organic products retailer three-day Let’s Organic’s Festival ends on a high note. The sale, which began on February 4, showcased the largest variety of organic products from over 200+ renowned brands with exciting offers and discounts of up to 75% on all products. Customers explored their products both in-store and online ...

Abu Dhabi / Emirates Business As the world assess the impact of Covid-19 pandemic, few things are becoming increasingly clear. One – in the short run (till we have herd immunity or effective vaccine available for all) we have to learn to live with the virus by maintaining the social distancing and be careful in our movements. Second – some ...

Bloomberg Business activity in the Arab world’s two largest economies improved at the start of 2021, with the United Arab Emirates seeing growth in its job market. Non-oil private sector activity in Saudi Arabia soared during January as new work levels increased and operating conditions improved in the UAE, helped by an expansion in new orders and output. Purchasing Managers’ ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) on Wednesday signed three memoranda of understanding (MoUs) with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries. The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 ...

Bloomberg Oil extended gains after closing at the highest level in more than a year as declines in US and Chinese crude stockpiles added impetus to a rally driven by tightening global supplies. Futures in New York climbed to trade above $55 a barrel. The American Petroleum Institute reported crude inventories fell by 4.3 million barrels last week, people familiar ...

ABU DHABI / WAM UAE’s automotive trade, including cars, tractors and other vehicles, amounted to around AED68.8 billion from January through September 2020, figures by the Federal Competitiveness and Statistics Centre (FCSC) have shown. One of the largest automotive markets (including cars, parts and accessories, trailers and semi-trailers, trucks, public transport vehicles, tractors, other) in the GCC, UAE has over ...

DUBAI / WAM Dubai trade with Indonesia stood at AED5.4 billion: AED4.42bn of imports, AED600mn of exports, and AED380mn of re-exports, according to Dubai Customs’ Director-General. “Major commodities included jewellery, mobile phones, textiles and aluminium,” Ahmed Mahboob Musabih said, during his meeting with Hussein Baqis, Indonesian Ambassador to the UAE. The meeting was aimed at discussing means to develop mutual ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that the “National Environment Day” marked for the twenty-fourth year in a row is an important occasion in which the country renews commitment to preserve the environmental resources and natural wealth. In a speech marking the 24th National Environment Day, Sheikh Khalifa said, “We celebrate ...