March, 2020

• 18 March

  UAE to suspend visa on arrival from today

  ABU DHABI / WAM The United Arab Emirates has announced a temporary suspension on issuing visas upon arrival for holders of exempted passports, effective 01:00 (UAE local time) on March 19, as part of the precautionary and preventive measures adopted by the country to contain the spread of coronavirus (Covid-19). Holders of diplomatic passports are exempted from this decision, noted ...

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• 18 March

  European banks get $130bn, easing dollar stress from virus

  

  Bloomberg European banks took $130 billion made available by the US Federal Reserve on Wednesday, helping ease the funding stress from the coronavirus pandemic. Lenders from the euro zone borrowed the bulk of the money — $112 billion in operations coordinated by the European Central Bank (ECB). That’s the biggest use of the crisis-era swap lines since the global financial ...

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• 18 March

  NBF approves dividend of 13.5 percent

  Fujairah / WAM The National Bank of Fujairah (NBF) approved the distribution of profits of 13.5 percent of paid-up capital in the form of cash dividends of 10 percent (AED 185 million) and bonus shares of 3.5 percent (AED64.8 million) of paid-up capital. During its Annual General Assembly Meeting on Wednesday, shareholders also approved the Chairman’s and Directors’ Reports, and the ...

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• 18 March

  Khalifa varsity grants IP tech license to Emirati startup

  

  Abu Dhabi / Emirates Business Khalifa University of Science and Technology on Wednesday announced the licensing of its patented technology to a startup floated by an alumnus Emirati entrepreneur with a faculty member. The intellectual property (IP) technology license was granted recently, marking a significant milestone in the university’s innovation journey. The home-based monitoring device, called by the Emirati startup ...

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• 18 March

  Saeed to provide customer services via mobile phones

  

  SHARJAH / WAM The Sharjah Investors Services Centre, Saeed, has announced on Wednesday that it will be supporting all its customers through its phone service. This will include enquiries as well as applications. Submission of documents will be enabled via email, and customers will not be required to visit the centre in person. The initiative by Saeed comes in line ...

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• 18 March

  ADFD to grant AED40 million to Sudan in agricultural development assistance

  

  ABU DHABI / WAM Sudan will receive AED40 million ($10.8 million) in agricultural supplies, the Abu Dhabi Fund for Development (ADFD) announced on Wednesday. The move comes as part of the UAE’s support for the agricultural sector in Sudan, a statement read, adding that the development assistance includes the provision of nine million bags for packaging agricultural products and crops. ...

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• 18 March

  Abu Dhabi’s Kizad offers 25% reduction in land lease tariff

  

  ABU DHABI / WAM Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports, on Wednesday announced that it has implemented the 25 percent reduction in land lease tariff for new contracts as announced by Abu Dhabi Executive Council. The tariff reduction will help companies setting up in Kizad a competitive advantage by lowering initial investment, and subsequently ...

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• 18 March

  AMAF launches remote working system for 50% of its employees

  

  DUBAI / WAM The Awqaf and Minors Affairs Foundation (AMAF) has launched a remote working system for 50 percent of its employees to ensure their safety, as part of the preventative measures to protect against coronavirus pandemic, Covid-19. Ali Al Mutawa, Secretary General of AMAF, said, “The Awqaf and Minors Affairs Foundation has activated a set of smart solutions and ...

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• 18 March

  UAE denies ‘spraying of pesticide’ rumour

  ABU DHABI / WAM The National Emergency Crisis and Disaster Management Authority (NCEMA) has denied all allegations and rumours spread via social networking sites surrounding the spraying of pesticides in UAE skies as a precautionary measure to combat Covid-19. NCEMA called on the public to obtain information and news from official sources and relevant authorities, and to avoid the sharing ...

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• 18 March

  Dubai Economy issues 2,523 new licences in March

  

  DUBAI / WAM The Business Registration and Licencing (BRL) sector of the Dubai Economy issued 2,523 new licences since the beginning of March, among which 58 percent were professional (1,900), and 39.3 percent (590) were commercial, and together, the licences helped create 6,713 jobs. The figures recorded by the “Business Map” digital platform of Dubai Economy confirm the effective support ...

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