News

Sharjah / WAM The Sharjah Economic Development Department (SEDD) announced an increase of more than 100 percent in activities such as e-commerce, delivery services, “Eitimad” licences, and contracting licences of the fifth category compared to last year. In general, the total number of licences issued and renewed during August 2020 reached 5,788 with a growth rate of 48% as against ...

Abu Dhabi / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced the introduction of a new service to the capital of Sudan, Khartoum with direct flights from Abu Dhabi commencing on October 7. “The new service represents the sixth route for Air Arabia Abu Dhabi since the launch of service from Abu Dhabi International Airport on ...

Dubai / WAM Dubai Economy affirmed that traders have the right to refrain from receiving or providing services to consumers and the public who do not commit to the Covid-19 precautionary measures, which are part of the protocols regulating the practice of commercial activities in the current phase. Health as well as safety of the public is a top priority ...

Sharjah / WAM In line with the Ministry of Health and Prevention’s (MoHAP’s) plan to get frontline health workers vaccinated against the coronavirus, a number of health officials have taken the first dose of Covid-19 vaccine. Following the UAE’s authorisation of the use of the vaccine by frontline workers, MoHAP has also started administering the vaccine to medical and nursing ...

ABU DHABI / WAM Barings, one of the world’s leading financial services firms, on Tuesday announced that it has formed the Barings Mubadala Enterprise (BME) – an evergreen origination platform seeking to provide financing solutions to European middle-market businesses. BME and its capital partners aim to provide $3.5 billion in financing over the next 18 months to help meet growing ...

DUBAI / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs said the non-oil trade between Dubai and Saudi Arabia amounted to AED500 billion in the last ten years (2010-2020), which makes the kingdom Dubai’s biggest Arab trade partner and fifth globally. The great economic relationship that Saudi has with the UAE reflects the strong ties between the two states, and ...

Abu Dhabi / WAM The UAE will join Saudi Arabia in celebrating the kingdom’s 90th National Day on September 23. The UAE’s official and public participation in this year’s celebration, held under the slogan, “Together Forever”, confirms the deep ties between the two countries. Throughout history, the relations between the two countries have guaranteed the security of GCC and Arab ...

Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, chaired Tuesday’s virtual meeting of the Industrial Coordination Council with the participation of Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology, and members of the Council. The meeting included discussions on how to empower the industrial sector, strengthen the UAE’s competitive ...

Bloomberg Oil edged higher, recovering from its biggest loss in almost two weeks even as a resurgent coronavirus looms over the demand outlook. Futures in London were up 1.3% near $42 a barrel, snapping a sharp decline from Monday alongside the European markets. Brent also recovered from technical support, moving away from their 100-day moving average on Tuesday. That’s despite ...

Abu Dhabi / WAM Nawah Energy Company (Nawah) the Joint Venture nuclear operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (Enec), and Korea Electric Power Corporation (Kepco), announced on Tuesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 50% of its electricity production capacity. The milestone achievement was announced on the sidelines ...