News

Bloomberg Oil slipped, paring a weekly gain, as concern of demand erosion from a coronavirus resurgence countered strong US economic data. Futures fell to about $40 a barrel in New York as the virus continues to spread unabated across large parts of the US, clouding the outlook for energy demand. Crude prices gained 4.2% for the week as data showed ...

Dubai / WAM The Department of Economic Development (DED) Trader licence launched by the Business Registration and Licensing, (BRL) sector, enabling start-ups in Dubai to conduct business activities online and across social networking accounts, has seen an 83 percent increase in licences issued from January to end of June. Compared to the same period last year when the total number ...

Bloomberg India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. The government has been working on the policy for at least two years amid calls to reduce dominance of global tech giants like Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc. Under rules laid out in a 15-page ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it has conducted more than 71,000 additional Covid-19 tests. In a statement, the ministry outlined its plans to continue expanding the scope of testing nationwide to aid in the early detection of Covid-19 cases and to help medical professionals carry out necessary treatment. As part of the ...

Dubai / WAM The Dubai Islamic Economy Development Centre (DIEDC) in collaboration with the Dubai Chamber of Commerce and Industry, and in strategic partnership with Refinitiv, on Saturday announced the second session of the GIES Virtual Series webinar that will provide an outlook on the future of the halal industry, amid the supply chain disruptions caused by the measures taken ...

Abu Dhabi / WAM The United Arab Emirates, represented by the National Emergency, Crisis and Disasters Management Authority, the Ministry of Foreign Affairs and International Cooperation and the Federal Authority for Identity and Citizenship, has announced that all citizens and residents in the UAE are now able travel in accordance with the health preventive and precautionary requirements enforced within the ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Department of Antiquities and Museums completed major restoration work on one of the emirate’s historic watchtowers. Located just outside Al Jazirah Al Hamra, an ancient coastal village renowned for its fishing, pearl diving and boat building, the watchtower is believed to be about 100 years old and was a crucial part of ...

DUBAI / WAM The Ports, Customs and Free Zone Corporation (PCFC) in cooperation with the Dubai Maritime City Authority (DMCA) has launched a Marine Agency to oversee wooden dhow ships and regulate all their activities while they are in Dubai waters. The agency is an organisational unit managed by the PCFC and works according to regulations in coordination with the ...

ABU DHABI / Emirates Business The Abu Dhabi School of Government (ADSG), a Department of Government Support entity, and the Abu Dhabi Youth Council has on Saturday launched the first “Next Generation Abu Dhabi” program, in partnership with Udacity, a global leader in the field of online learning. The new programs will be part of the “Youth Skills Platform”, which ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a telephone call from President Carlos Alvarado Quesada of Costa Rica on the prestigious strategic relations binding the two friendly nations, as well as regional and international issues of mutual interest. President ...