June, 2021

• 3 June

  Deal signed on credit guarantee, co-lending programme for SMEs

  

  ABU DHABI / WAM The Emirates Development Bank (EDB), fully owned by the UAE Federal Government, has signed a Memorandum of Understanding (MoU) with the Commercial Bank of Dubai (CBD), to offer a credit guarantee and co-lending programmes for small and medium-sized enterprises (SMEs) in the UAE. The MoU is part of EDB’s commitment to supporting the goals of the ...

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• 3 June

  Etihad resumes flights to Rabat and Phuket

  ABU DHABI / WAM On the back of quarantine-free travel to Morocco, and back into the emirate of Abu Dhabi, Etihad Airways is restarting services to Rabat on June 23. As Phuket prepares to reopen to international vaccinated travellers, Etihad is recommencing services to the popular holiday destination on July 1. To simplify the travel experience and provide additional peace ...

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• 3 June

  Over 2.7m visitors flock to Galleria Al Maryah Island

  Abu Dhabi / WAM The Galleria Al Maryah Island in Abu Dhabi surpassed 2.7 million visitors in May, the highest monthly footfall attained to date. This new record was the result of an eventful month that included Ramadan and Eid activations. Despite the ongoing Covid-19 pandemic and capacity restrictions, The Galleria remains the community’s preferred safe shopping destination. Due to ...

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• 3 June

  RAKGMO wins honorary gold award

  RAS AL KHAIMAH / WAM Ras Al Khaimah Government Media Office (RAKGMO) has won an honorary gold award in the Outstanding Management category at the Middle East and North Africa Stevie Awards 2021, which were held under the patronage of Ras Al Khaimah Chamber of Commerce and Industry in a virtual event. The award came in recognition of RAKGMO’s notable ...

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• 3 June

  UAE to announce best, worst government entities on Sept 4

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has directed a comprehensive assessment of more than 1,300 digital and smart services provided by ministries and government departments. “Today we directed a thorough evaluation of digital and smart services provided by federal government ministries and departments. ...

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• 3 June

  Sharjah OKs foreign ownership of commercial, industrial firms

  

  Sharjah / WAM The Sharjah Economic Development Department (SEDD) announced that it would be implementing the full foreign ownership policy, allowing investors of natural and legal persons to own 100 percent of commercial and industrial companies and practice activities in the Emirate of Sharjah. This decision includes no requirements such as a specific capital or any additional fees for foreign ...

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• 3 June

  Ajman approves 1,000 economic activities for full ownership

  

  Ajman / WAM The Department of Economic Development in Ajman (Ajman DED) opened 100% ownership of economic activities in the commercial and industrial sectors to foreign investors. In this regard, the department has approved over 1,000 economic activities for foreign investment, except those with a strategic impact, which were agreed upon during the meetings of the Strategic Impact Economic Activities ...

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• 3 June

  flydubai resumes its operations to Italy

  

  Dubai / WAM flydubai, the Dubai-based airline, has announced on Wednesday the resumption of its operations to Naples in Italy. The three weekly flights to Naples International Airport (NAP) will commence on July 1. From June 2, a quarantine-free travel corridor has been established between Italy and the UAE enabling passengers to travel between the two countries with less restrictions. ...

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• 3 June

  Deal signed on credit guarantee, co-lending programme for SMEs

  

  ABU DHABI / WAM The Emirates Development Bank (EDB), fully owned by the UAE Federal Government, has signed a Memorandum of Understanding (MoU) with the Commercial Bank of Dubai (CBD), to offer a credit guarantee and co-lending programmes for small and medium-sized enterprises (SMEs) in the UAE. The MoU is part of EDB’s commitment to supporting the goals of the ...

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• 3 June

  Covid-19 showed that we’re bad at big decisions

  

  Human behaviour during Covid has upended one of the most fundamental assumptions of economics, even if economists haven’t yet come around to admitting it. In sum: People are worse at big, important decisions than previously thought, and better at small, trivial ones. Standard economics theory holds that people make relatively good decisions when there is a lot at stake. At ...

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