News

Bloomberg Oil dipped in tandem with a risk-off move in US equities as investors await a clear signal on supply amid expectations for a build in stockpiles. Futures in New York declined as much as 1.4% on Tuesday. Equities across the US, Europe and Asia weakened with investors laser-focused on corporate earnings results as an indication of the economic damage ...

Dubai / WAM The Islamic Arab Insurance Company PSC (Salama) has received all necessary regulatory and internal approvals to increase Foreign Ownership Limit (FOL) from 25 percent to 49 percent as per Securities and Commodities Authority (SCA) Certificate. A company statement posted on Dubai Financial Market (DFM) website, said Salama has contacted Dubai Central Securities Depository to start the necessary ...

Abu Dhabi / WAM Younis Haji Al Khoori, Under-Secretary of Ministry of Finance, has said that the United Arab Emirates has proven itself to be a model to the world when it comes to dealing with the novel coronavirus (Covid-19) thanks to the guidance of the country’s wise leadership, the cooperation between all authorities, and the community’s commitment and adherence ...

DUBAI / WAM In line with the UAE government’s commitment to support the business community, Dubai South has announced the extension of its incentive package for Business Park and Business Centre clients until the end of the year. The move aims to help companies navigate the challenges posed by the Covid-19 pandemic and ensure business continuity during the recovery period. ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced its CSD & Registry Services Department has listed the capital increase of 500,000,000 shares for Gulf Pharmaceutical Industries (Julphar) in the investors’ accounts. Accordingly, the accounts have been updated and the new shares will be tradable from July 28, said ADX in a statement on Tuesday. The AED 500 million ...

TAIZ / WAM The UAE is continuing to provide free healthcare services to the residents of Yemen’s Red Sea Coast, through the mobile clinics of the Emirates Red Crescent (ERC) and as part of its various relief and humanitarian projects. The ERC’s three mobile clinics staffed by 12 doctors received 200 patients from various age groups from Al Sawadiyah in ...

Abu Dhabi / WAM In line with the development vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and under the direction of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to ensure social stability and raise the quality of living for citizens in ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has reviewed with Jeyhun Bayramov, Azerbaijani Foreign Minister, the strategic relations between the two countries in a number of areas including science, health, technology and education. This came over a phone call between the two diplomats, wherein HH Sheikh Abdullah congratulated ...

DUBAI / WAM Dubai Government Workshop (DGW) has been ranked among the top ten in the ‘Employee Happiness Index for 2019.’ The recognition also underlines the Workshop’s commitment to support the national efforts aimed at establishing happiness as an institutional approach and an integral part of the UAE’s societal and work values. Fahad Ahmed Al-Raeesi CEO of DGW, said that ...

Abu Dhabi / WAM More than 270 UAE exporters and potential international buying partners came together virtually for the UAE’s major buyers and exporters forum since Covid-19 shut down global trade events. During an online trade promotion event, participants discussed how the UAE national export community can help them overcome the significant financial challenges and risk they face in today’s ...