News

Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a zero-deficit federal budget of AED61.354 billion for 2020 fiscal year. This is the largest budget since the establishment of the UAE. About 31 percent of the budget is allocated to ...

Dubai / WAM Within one year of its launch, KhalifaSat captured 7,250 high-quality images and was able to complete 5,431 low Earth orbits, and communicated with the ground station at the Mohammed bin Rashid Space Centre (MBRSC), 906 times to send information and images, and receive updates. KhalifaSat sent 355 terabytes of data to the MBRSC’s ground station from across planet ...

DUBAI / WAM Businesses in Dubai are confident of closing the year on improved revenues and a stronger footing with economic growth expected to gain momentum during the months ahead. The quarterly business survey of Dubai Economy showed that the Composite Business Confidence Index (BCI), of local businesses increased 14.9 points and reached 129.8 points in the third quarter of ...

ABU DHABI / WAM The United Arab Emirates has characterised news of US military action targeting Daesh leader Abu Bakr Al Baghdadi as a positive step towards strengthening international counter-terror efforts. In a statement released by the Ministry of Foreign Affairs and International Cooperation on Tuesday, Dr Obaid Al Ketbi, Assistant Foreign Minister for Military and Security Affairs, said, “The ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), issued new Employment Regulations 2019 and the Compensation Awards and Limits Rules 2019, replacing its previous legislative framework regarding employment matters. The new legislation takes into consideration public consultation that was undertaken earlier this year to review, improve ADGM’s legislative framework relating to employment. The new Regulations and Rules strengthen ADGM’s ...

ABU DHABI / WAM During his official visit to the UAE, Ueli Maurer, President of Switzerland, has participated in the groundbreaking for the Swiss pavilion at the site of Expo 2020 Dubai, accompanied by a Swiss delegation. As part of his visit to Expo, the Swiss President was received by Najeeb Mohammed Al Ali, Executive Director of the Dubai Expo ...

Dubai / WAM Union Coop has announced the immediate recruitment of 44 UAE nationals during its ‘Open Day’ recruitment drive, held at Etihad Mall. Director of Human Resources and Emiratisation at Union Coop Ahmed bin Kenaid said, “Union Coop has organised 6 ‘Open Day’ recruitment drives since the beginning of the year 2019, as a part of its commitment to ...

Fujairah / Emirates Business National Bank of Fujairah (NBF) is building a dedicated banking platform for Small and Medium Enterprises (SME) in the UAE, providing access to comprehensive financial and business services and solutions. The platform will be an exclusive digital space co-created with SMEs to understand and address their needs better. Positioned as a community platform ‘For SMEs by ...

Abu Dhabi / Emirates Business Etihad Airways (Etihad), the national airline of the UAE, and Cleveland Clinic Abu Dhabi, the pioneering multispecialty hospital, have signed an agreement – the first of its kind in the region between an airline and medical services provider – that will see the two organisations collaborate to promote Abu Dhabi as a premier medical travel ...

Bloomberg General Motors (GM) Co, Toyota Motor Corp and Fiat Chrysler Automobiles NV plan to back President Donald Trump in a contentious battle with California officials over automobile emissions rules, splitting with major rivals including Ford Motor Co. GM, Toyota and several other automakers plan to intervene on the administration’s behalf in a lawsuit filed by environmental groups challenging the ...