Abu Dhabi / WAM The central bank of the UAE (CBUAE) issued its guidance to financial institutions on the application of International Financial Reporting Standard 9 (IFRS 9). The guidance has been issued after a consultation with stakeholders in the financial sector. The objective of IFRS9 guidance is to ensure that credit losses resulting from the consequences of Covid-19 pandemic ...

ABU DHABI-BERLIN / WAM As part of ongoing efforts to elevate UAE-German ties, Dr Sultan bin Ahmed Al Jaber, Minister of State and UAE’s Special Envoy to Germany, conducted a virtual visit to Berlin. During the virtual visit, Dr Sultan Al Jaber met with a number of German officials and parliamentarians, including Niels Annen, Minister of State at the German ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) announced the completion of all construction works in Roads and Bridges leading to Dubai Hills Mall project. The project comprises of 13 bridges extending 3700 metres in length and 11-22 metres in width, with a combined capacity of 23,500 vehicles per hour. RTA will open a main bridge on Umm Suqeim ...