October, 2020

• 14 October

  GCC cloud market to hit $2.3 billion by 2024

  

  Dubai / WAM Countries in the GCC are witnessing accelerated cloud adoption, aided by ongoing investment by cloud providers and the continued need for remote working arrangements, the International Data Corporation (IDC) revealed during a Dubai Outsource City event. The GCC public cloud market is expected to more than double in value by 2024, growing from $956 million this year ...

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• 14 October

  Opec affirms UAE’s commitment to oil production cuts agreements

  

  Abu Dhabi / WAM The latest data issued by the Organisation of the Petroleum Exporting Countries (Opec), has shown that the UAE was one of the most committed producing countries to the deal to cut oil output, aimed at rebalancing the world oil market. According to reports issued by Opec, the UAE’s average production during the third quarter of 2020 ...

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• 14 October

  Oil rises amid weaker dollar

  Bloomberg Oil rises amid a weaker dollar and signs of improving demand in China and India. Crude futures gained as much as 2.3% in New York as the Bloomberg Dollar Spot Index weakened as much as 0.3%, raising the appeal for commodities priced in the currency. Meanwhile, refinery activity in Asia is signaling a bright spot for demand recovery. One ...

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• 14 October

  UAESA inks Artemis Accords for international space cooperation

  

  Abu Dhabi / WAM The UAE Space Agency (UAESA) was amongst the first signatories of Nasa’s Artemis Accords at the 71st International Astronautical Congress (IAC). In May 2020, Nasa, the American Space Agency, formally announced the Artemis Accords, based on a shared vision for principles, grounded in the United Nations’ Outer Space Treaty of 1967, to create a safe and ...

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• 14 October

  UAE sends second aid plane with medical supplies to Costa Rica

  

  ABU DHABI / WAM The United Arab Emirates on Wednesday sent a second aid plane carrying 12 metric tonnes of medical supplies and testing kits to Costa Rica. This aid will assist approximately 12,000 medical professionals as they work to contain the Covid-19 virus. Commenting on the aid delivery, Juma Al Rumaithi, UAE Ambassador to Costa Rica, said, “The dispatch ...

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• 14 October

  Dubai fines 2 businesses for breaking Covid-19 rules

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

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• 14 October

  Air Arabia resumes operations from Ras Al Khaimah to four destinations

  

  SHARJAH / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier has announced the resumption of flights from Ras Al Khaimah International Airport to four destinations in Egypt and Pakistan in addition to new a new service between Rask Al Khaimah and the capital of Bangladesh, Dhaka. Air Arabia’s flights to Cairo and Lahore from ...

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• 14 October

  Covid-19: UAE announces 101,659 total recoveries

  

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 103,132 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,431 new coronavirus cases, bringing the total number of recorded cases in the UAE to 110,039. MoHAP also noted an additional 1,652 ...

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• 14 October

  Dubai Culture, GDRFA to enhance joint cooperation

  Dubai / WAM Dubai Culture and Arts Authority announced the signing of a partnership agreement with the General Directorate of Residency and Foreigners Affairs (GDRFA) in line with the implementation of the cultural visa initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of teh UAE and Ruler of Dubai, to strengthen joint work ...

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• 14 October

  Al Zahia breaks ground on its Al Yasmeen neighbourhood

  

  Sharjah / WAM Al Zahia Sharjah’s premier lifestyle destination has moved one step closer to completion with the ground-breaking ceremony of its highly sustainable Al Yasmeen neighbourhood. Scheduled for completion in 2022, Al Yasmeen is designed for discerning families and young couples that demand luxury and tranquillity from the place they call home. The neighbourhood will comprise a mix of ...

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