ABU DHABI / WAM The UAE cabinet has adopted a decision to amend provisions of the resolution on sponsoring of foreign workers to their families in the country. According to a statement by the General Secretariat of the Cabinet, the amended provisions now indicate “income” as a requirement for sponsoring family members, as opposed to the previously listed “professions” which ...

Dubai / Emirates Business As the company commemorates four decades as a leader in the UAE’s manufacturing sector, Ducab announced that its 2018 consolidated group sales rose to AED 4.8 billion, an increase of approximately 7% year on year. Ducab now operates six manufacturing facilities across four sites in the UAE, employing a workforce of over 1,600. Ducab Group now ...

Abu Dhabi / WAM The UAE gross bank assets, including bankers’ acceptances, stood at AED2.909 trillion, in February down from AED2.913 trillion in the preceding month, figures by the UAE Central Bank have showed. Gross credit in the banking system, rallied 6 percent from AED1.662 trillion in January 2019 to AED1.671 trillion in February, with total bank deposits following suit ...