Masonry Layout

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has announced it began activating the electronic connection between the Enforcement Division and the UAE central bank, within the aim of expediting the processes to facilitate the procedures for both the court users and employees. Youssef Saeed Al Abri, Undersecretary of the Abu Dhabi Judicial Department, said that the electronic ...

Bloomberg President Vladimir Putin said Russia doesn’t want to stop using the dollar as he accused the US of exploiting the currency’s dominance for sanctions and warned the policy may rebound on Washington. Russia has to adopt other payment methods because the US “uses its national currency for various kinds of sanctions,” Putin said in St Petersburg at a videoconference ...

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. ...

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 ...

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 ...

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. ...

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 ...

Bloomberg Malaysia will summon China’s ambassador to protest flights by 16 air force planes over the South China Sea that Foreign Minister Hishammuddin Hussein says were a “breach of Malaysian airspace and sovereignty.” The “suspicious” Chinese aircraft were spotted near the East Malaysian state of Sarawak, the Royal Malaysian Air Force said in a statement. They entered the Malaysian maritime ...

Bloomberg President Joe Biden announced measures to increase the number of federal contracts awarded to small, disadvantaged businesses. He also said he had directed his administration to more aggressively prevent discrimination in home appraisals, a detriment for wealth accumulation for Black families. Last week, Biden reiterated calls for Congress to overhaul US policing as he met with the family of ...

Bloomberg The French government will use algorithms and artificial intelligence (AI) to identify small firms at risk of collapse in the wake of the Covid-19 pandemic, and provide as much as $3.7 billion to protect them. Finance Minister Bruno Le Maire presented the new measures as part of a plan that also includes an extension of crisis lending facilities to the ...