Bloomberg Business activity in the Arab world’s three largest economies returned to growth, with Egypt seeing its first expansion in 14 months. After a deterioration in August, the non-oil private sectors improved last month as companies adjusted to economic challenges of the global pandemic while governments eased restrictions put in place to stop the coronavirus. A measure of non-oil private ...

Dubai / WAM The Dubai Financial Market (DFM) and Nasdaq Dubai on Monday hosted a bell ringing ceremony with the participation of the Securities and Commodities Authority (SCA) on the occasion of World Investor Week 2020, an initiative of the International Organisation of Securities Commissions (IOSCO) aiming to promote investors awareness and protection of their rights. Senior officials present during ...

Abu Dhabi / WAM The Dubai Department of Finance (DoF) and Central Bank of the UAE (CBUAE) signed an MoU aimed at facilitating payment of fees owed by consumers of Dubai government entities and to ultimately advance the UAE’s digital transformation strategy for public services. Government entities in Dubai and their customers will now be able to access CBUAE’s direct ...

Bloomberg India’s delay in appointing a new central bank committee to decide interest rates is just the latest of Prime Minister Narendra Modi’s key economic reforms that are failing to gain traction during the nation’s worst crisis in decades. Three of his major policies — the goods and services tax, a bankruptcy and insolvency law and the Monetary Policy Committee ...

Abu Dhabi / WAM The UAE national carrier, Etihad Airways, launched its ‘Global Student’ offer to make it easier for students to travel between university and home or to discover new horizons and cultures. “Students who book before November 30, for travel by September 30, 2021, will save up to 10% on Economy tickets and 5% on Business class tickets”, ...

Abu Dhabi / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, on Monday visited SeaWorld Abu Dhabi on Yas Island, of which construction is over 40% complete. In collaboration with SeaWorld Parks & Entertainment, this landmark project will bring the next generation ...

Abu Dhabi / WAM The UAE national carrier, Etihad Airways, has launched its ‘Global Student’ offer to make it easier for students to travel between university and home or to discover new horizons and cultures. “Students who book before 30th November, 2020, for travel by 30th September, 2021, will save up to 10% on Economy tickets and 5% on Business ...

Dubai / WAM Field inspectors from the Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy continued their visits to a number of open markets and shopping centres across the emirate to make sure that commercial establishments commit to the precautionary measures against Covid-19. During the tours, Dubai Economy imposed fines on four commercial establishments for employees’ lack of ...

Dubai / WAM Emirates Airline has announced it will resume flights to Budapest (from October 21), Bologna (November 1), Dusseldorf (November 1), Hamburg (November 1) and Lyon (November 4), expanding its European network to 31 destinations, and offering customers around the world convenient connections via Dubai. The addition of these five destinations takes Emirates’ global network to 99 destinations, as ...

DUBAI / WAM The Federal Youth Authority (FYA) held the first introductory meeting involving 50 young people from the first batch of the “Young Economists Programme.” The programme was organised by the FYA under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, to prepare a new generation of national economic leaders and ...