Dubai / WAM A report by the Business Registration and Licensing (BRL) sector of Dubai Economy shows that the number of operating businesses in Jumeirah reached 3,648 to date. According to a press release issued by Dubai Economy on Saturday, the licences issued according to the activities are: commercial (1,919), professional (1,663), tourism (48) and industrial (18). In terms of ...
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US sanctions HK chief Carrie Lam over China crackdown
Bloomberg The US is placing sanctions on 11 Chinese officials and their allies in Hong Kong, including Chief Executive Carrie Lam, over their roles in curtailing political freedoms in the former UK colony, the Treasury Department said. “The United States stands with the people of Hong Kong and we will use our tools and authorities to target those undermining their ...
Read More »Vietnam’s no virus death record ends
Bloomberg For almost six months, Vietnamese officials every day announced a fairly astonishing statistic for a nation of 96 million: no Covid-19 deaths. But that changed on July 31, with 10 deaths being reported since. After no reports of community transmission cases since April 16, an outbreak in the coastal city of Danang turned deadly in late July. The virus ...
Read More »Trump’s WeChat ban could hurt iPhone sales in China
Bloomberg President Donald Trump’s order banning US companies from doing business with Chinese messaging app WeChat could damage iPhone sales in one of Apple Inc.’s most important markets. The order would block all transactions involving WeChat, which would prohibit Apple from distributing WeChat to mobile devices through its App Store. WeChat is central to digital life in China. It’s the ...
Read More »Italy extends worker, business protection to avoid cliff edge
Bloomberg The Italian government has approved its latest bundle of coronavirus related norms aimed at supporting businesses and workers damaged by the coronavirus pandemic. The measures known as “August decree†include tax breaks for small and medium-sized businesses and companies that hire in Southern Italy, an extension of one-off payments for tourism and entertainment industry workers, money for the healthcare ...
Read More »Sunak warns British tourists they face more virus disruption
Bloomberg Boris Johnson’s government warned British tourists they face more disruption to their plans for holidays in Europe amid reports that France may be next on the UK list of countries hit by coronavirus travel restrictions. Belgium, Andorra and The Bahamas were added to the quarantine list — meaning all passengers arriving from these areas will need to self-isolate at ...
Read More »Canada outpaces US, recouping 55% of jobs lost to virus
Bloomberg Canada’s economy recorded a third straight month of strong employment gains that have recouped more than half of losses from Covid-19. Employment rose by 418,500 in July, bringing to 1.7 million the number of jobs reclaimed over the past three months. Canada lost 3 million jobs in March and April at the height of the pandemic. The employment rebound ...
Read More »Dafza registers 54% rise in Q1 exports
Dubai / WAM Dubai Airport Freezone Authority (Dafza) achieved positive financial and operational results in the first half of 2020. Throughout the first quarter of the year, Dafza recorded a 54 percent increase in general exports. During this period, China accounted for the highest percentage of Dafza’s trade, with 21 percent at a value of AED 7.7 billion, followed by ...
Read More »Over 665,000 business licences issued in UAE by end of July
Abu Dhabi / WAM The total number of business licences issued in UAE at the end of July amounted to 665,246, a 1.9 percent increase compared to 652,885 licences issued in December 2019, according to the National Economic Register. Based on these figures, the issuance of licences in the country is expected to surge in the coming months, which will ...
Read More »Dubai Customs launches initiative to facilitate trade
Dubai / WAM Dubai Customs has launched “Siyaj” (Fence) initiative: the first integrated control 24/7 system in the world. The new system is based on a number of sophisticated AI technologies, rapid intervention teams that work around the clock, drones, and the K9 sniffing dog unit. The initiative will enhance Dubai and UAE’s security and help protect the society from ...
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