March, 2021

• 16 March

  Europe stocks climb amid vaccine delay; oil declines

  

  Bloomberg European stocks opened higher as investors looked past turmoil in vaccine rollouts towards the prospects for economic recovery in the region. The Stoxx 600 Index rose 0.4%, with virtually all sectors in the green, including travel and leisure shares which have erased their pandemic losses. Germany, France and Italy decided in a coordinated step to suspend the AstraZeneca Plc ...

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• 16 March

  China Mobile mulls A-share listing after removal from NYSE

  

  Bloomberg China Mobile Ltd. is considering an A-share listing after the country’s largest wireless carrier was removed from the New York Stock Exchange (NYSE) under a Donald Trump-era investment ban, according to people familiar with the matter. The state-owned firm has discussed the potential offering with advisers as it looks for new avenues to fund its 5G network development, said ...

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• 16 March

  UAE sends second shipment of Covid-19 vaccine to Gaza

  

  GAZA / WAM The UAE has sent a second shipment of the Russian Sputnik V vaccine to the Gaza Strip. The Palestinian Health Ministry received the shipment of 38,700 doses through the Rafah Border Crossing. In a press release, the ministry expressed its thanks and gratitude to the UAE for this assistance, which strengthens health measures in the face of ...

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• 16 March

  Dubai realty investments hit AED14bn by February-end

  

  Dubai / WAM Dubai Land Department (DLD) has released the findings of its real estate bulletin, which reflected the flexibility of Dubai’s real estate sector since the beginning of 2021 and its adaptation to current circumstances related to the outbreak of Covid-19. According to real estate bulletin, titled, ‘Real Estate Updates,’ 3,036 new investors entered the market in January and ...

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• 16 March

  UAE banks’ individual deposits hit AED13bn

  

  Abu Dhabi / WAM Deposits by individuals continued to rise in UAE banks during the last quarter of 2020, hitting around AED13 billion despite economic challenges, statistics by the central bank of the UAE have showed. This ratcheted the cumulative balance of deposits in UAE banks up to AED493.9 billion by the end of December from AED480.9 billion in September ...

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• 16 March

  No fee hike at Dubai schools for 2021-22

  DUBAI / WAM The Knowledge and Human Development Authority (KHDA) on Monday announced that private schools in Dubai will not be increasing tuition fees for the 2021-22 academic year. This is the second consecutive year that fees for Dubai schools have remained steady. Dubai’s private school sector demonstrated its resilience and growth potential with student enrolment increasing by 2.6 percent ...

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• 16 March

  Emirates, TAP Air Portugal strengthen codeshare ties

  

  DUBAI / WAM Emirates and TAP Air Portugal signed a memorandum of understanding to expand the codeshare partnership currently in place between both airlines. The new agreement will see customers of both airlines benefit from seamless connectivity on many new routes across the Americas, North Africa and East Asia. Emirates and TAP Air Portugal will also explore ways to enhance ...

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• 16 March

  Dtec, Oqal join forces to support venture investments for start-ups

  

  Dubai / WAM Dubai Technology Entrepreneur Campus (Dtec), the largest tech hub and co-working space in the Mena region wholly owned by Dubai Silicon Oasis Authority (DSOA), signed a Memorandum of Understanding (MoU) with Oqal Angel Investors Network, the leading early-stage investor group in Saudi Arabia and Bahrain, to enhance the venture investment culture in start-ups and support young entrepreneurs. ...

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• 16 March

  Alef, Sheraa ink deal to support entrepreneurs

  Sharjah / WAM Alef group, the leading real estate development company in Sharjah, and the developer of the Al Mamsha and 06 Mall projects, on Monday signed a Memorandum of Understanding (MoU) with the Sharjah Entrepreneurship Centre (Sheraa). The agreement states that the two parties will undergo cooperation to support talented and emerging entrepreneurs. The memorandum was signed by Issa ...

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• 16 March

  Dubai Municipality now 100% paper-free, saves AED95mn

  

  Dubai / WAM Dubai Municipality has achieved 100 percent reduction in papers during the year 2020. The total reduction amounted to 20,960,743 papers annually, saving more than AED95 million and more than one million working hours. “The implementation of the improvement measures related to the Dubai Paperless Strategy has led to an increase in the percentage of digital completion to ...

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