News

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) proactively invested in state-of-the-art technologies and established an advanced digital infrastructure to provide its customers with a range of electronic and smart services. The move is in line with the UAE leadership’s directives and visionary stance. With the onset of the Covid-19 pandemic around the world, MoFAIC ...

ABU DHABI / WAM The United Arab Emirates has launched an initiative for the return of foreign nationals holding valid residence visas. The move targets the return of nearly 200,000 people in coordination with the Ministry of Foreign Affairs and International Cooperation and the Federal Authority for Identity and Citizenship. The initiative is a continuation of the country’s efforts to ...

ABU DHABI / WAM Theodore Ribera, Minister of Foreign Affairs of the Republic of Chile, expressed his thanks and gratitude to the UAE for the aid plane sent to his country as part of the UAE’s efforts to help various countries around the world in containing the spread of Covid-19. This came as the minister received the airplane which carried ...

DUBAI / WAM The Dubai Gold and Commodities Exchange (DGCX) announced that it has received a positive assessment from the European Securities and Markets Authority (Esma) the EU’s securities markets regulator, and is now listed as a third-country trading venue (TCTV) that meets the post-trade transparency requirements under MiFID II and MiFIR. The DGCX met all the criteria set out ...

ABU DHABI / WAM The “Check Points” tests which are held by the Ministry of Education for grades 9-12 in government and private schools that apply the Ministry’s curricula, will start tomorrow in physics, science, chemistry, health sciences, biology and the English language. Students in the ninth, tenth and eleventh grades of “Elite Path” will take the first test tomorrow ...

ABU DHABI / WAM The Abu Dhabi Police has warned families against potential scam targeting children, teenagers and “unsuspecting” adults to illegally take their money through internet games, advertisements and social media forums. The scammers use various deceptive and lucrative methods to take advantage of their victims, posing as legitimate organisations or businesses. The police referred to recent cases, where ...

Dubai / WAM The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy received 1,404 consumer complaints on the e-commerce sector during May, which was 228% higher than the complaints received in the same period last year (428 complaints). Of the total complaints, 94% were submitted through the smart channels of Dubai Economy, with 64% via the ‘Dubai Consumer’ ...

Bloomberg US lawmakers proposed an estimated $25 billion in funding and tax credits to strengthen domestic semiconductor production and counter rising technological competition from China. The effort would support companies building plants in the US and buying chipmaking equipment, while sponsoring research and development into “cutting edge semiconductor” production, according to information provided by the office of Representative Michael McCaul, ...

Bloomberg Argentina extended a deadline for creditors to accept a debt restructuring proposal for the fourth time as creditors and the government edge closer towards a deal. The country will push back the deadline for creditors to accept a debt restructuring offer by one week until June 19, according to an economy ministry statement. Argentine Economy Minister Martin Guzman said ...

Bloomberg The UK economy shrank a record 20.4% in April as businesses and workers reeled under the lockdown designed to control the coronavirus pandemic. The contraction means the nation has effectively seen almost 18 years of growth wiped out in two months. While a rebound is likely as businesses start to reopen, the grim figures will increase the pressure on ...