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DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, is accelerating its digital outreach to support its member companies and attract new business to Dubai. For the first time, DMCC successfully hosted its flagship ‘Made for Trade Live’ international roadshow event virtually with business leaders in Johannesburg, South Africa, seeking ...

ABU DHABI / WAM The UAE stock markets have maintained their competitive edge in the Gulf and Middle East region over the past period, as their average Price Earnings Ratio (P/E Ratio) stood at 12.43 times over the past 12 months, according to recent statistics released by the Abu Dhabi Securities Exchange and Dubai Financial Market. The most popular metric ...

DUBAI / WAM The number of visitors to the official portal of the UAE government (U.AE) exceeded 2.9 million during the first quarter of 2020, an increase of 56.63 percent from the first quarter of 2019, the Telecommunications Regulatory (TRA) announced. The authority added that there were four million visits to the portal in the first quarter of this year, ...

DUBAI / WAM Dubai-based airline, flydubai’s, grounded fleet has been undergoing a thorough scheduled maintenance programme following the announcement from the National Emergency Crisis and Disasters Management Authority and the General Civil Aviation Authority to suspend all passenger operations until further notice. The airline received guidance issued by the manufacturer to all Next-Generation Boeing 737 operators on scheduled maintenance tasks ...

ABU DHABI / WAM The National Health Insurance Company – Daman has successfully implemented a remote operating model, enabling its 1,300-employees working from home to serve the company’s membership base of around 2.6 million members and manage its medical network of over 3,000 facilities, which is the largest in the UAE. In a statement on Tuesday, Daman said the comprehensive ...

DUBAI / WAM Dubai property developer Nakheel has completed a two-week precautionary deep disinfection programme at all 647 residential buildings in its Dubai property portfolio as part of its continued efforts to safeguard public health. More than 6,000 corridors, 3,000 concierge and lobby areas, and 850 elevators were sanitised, using Dubai Municipality-approved materials and tools, the developer said on Tuesday ...

Dubai / WAM The Business Registration and Licencing (BRL) sector at Dubai Economy achieved record results in implementing remote working and activating smart and electronic channels, as the total number of commercial registration and licencing transactions from March 22 to April 13 this year reached 14,366. Of these, 66 percent were electronic transactions and 34 percent were through the outsource ...

ABU DHABI / WAM The United Arab Emirates, in collaboration with the World Health Organisation (WHO), has dispatched an aid plane carrying approximately 27 metric tonnes of medical supplies to Somalia. The aid, which consisted of seven metric tonnes from the UAE and 20 metric tonnes from the World Health Organisation, will help approximately 27,000 healthcare workers in combating the ...

Bloomberg Southeast Asian nations plan to discuss forming a joint fund to combat the coronavirus pandemic with China, Japan and South Korea during a virtual summit on Tuesday, according to a Thai official. The 13-nation special summit initiated by the Association of Southeast Asian Nations comes as the region struggles to contain the Covid-19 outbreak even after it spread to ...

Bloomberg Apple Inc’s iPhone shipments in China rebounded in March as the world’s second-largest economy worked to reboot its manufacturing industry following the disruption caused by the novel coronavirus outbreak. Shipments of Apple’s marquee device jumped 19% in March from a year earlier to 2.5 million units, according to Bloomberg calculations based on monthly data from the China Academy of ...