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Dubai / WAM The Business Registration & Licensing (BRL), sector in Dubai Economy has issued 41,252 electronic Memorandum of Association (MOA) and e-MOA addendums from January 2019 to end of May this year. This is in line with the Federal Decree-Law No. 7 of 2018 by President His Highness Sheikh Khalifa bin Zayed Al Nahyan amending articles within Federal Law ...

Bloomberg Nigeria’s powerful state oil company, whose finances and operations have been shrouded in secrecy for decades, is opening itself up to greater public scrutiny. The Nigerian National Petroleum Corp (NNPC) published its 2018 annual report, which contained an audited account of all its 20 units for the first time in its 43-year history. The 2019 figures are set to ...

Bloomberg The US State Department imposed visa bans on Chinese Communist Party officials accused of infringing the freedom of Hong Kong citizens, in what a senior official described as the opening salvo in a campaign to force Beijing to back off from new restrictions on the city. Secretary of State Michael Pompeo said in a statement that he was barring ...

Bloomberg However much Prime Minister Boris Johnson says he will be able to arrange a trade deal with the European Union by the year-end, firms in Britain are already bracing themselves for the possibility he won’t. Renold Plc, a Manchester-based maker of vehicle chains and gearboxes, is among them. It’s planning to fast-track deliveries to customers in the coming months ...

Bloomberg Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% last week, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would stop spending money with ...

Bloomberg Britain said it’s set to relax quarantine requirements for people arriving from countries including France, Greece and Spain. A full list of nations with which the establishment of so-called air bridges will exempt incoming travellers from two weeks of self-isolation will be published next week, the UK government said in a statement. The new regime is be introduced a ...

Bloomberg When coronavirus outbreaks forced shutdowns at America’s giant meat plants, it quickly created a bottleneck: Farmers had nowhere to sell their animals, while consumers faced shortages and surging prices. New, smaller slaughterhouses could be the antidote to industry concentration, but it’s no quick fix. Opening a slaughterhouse has plenty of hurdles. The facilities — where animals are killed, butchered ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has stressed that the UAE’s world-class infrastructure, robust economy, and resilience in the face of challenges give it the ability to rapidly achieve its strategic goals and aspirations for progress and prosperity. His Highness Sheikh Mohammed bin ...

Dubai / WAM Despite the decline in greenfield foreign direct investment (FDI) globally at the beginning of 2020 due to the challenges posed by the Covid-19 pandemic, Dubai has maintained its leading position among the top three global FDI destinations during the first five months of the year, according to Financial Times fDi Markets data. “Dubai ranked second globally in ...

RAS AL KHAIMAH / WAM American University of Ras Al Khaimah (Aurak) is planning to introduce four new academic programmes. These comprise a Bachelor of Science in Artificial Intelligence and Data Science, a Bachelor of Arts in Interior Design, a Master of Science in Infrastructure Engineering, and a Master of Science in Sustainable and Renewable Energy. “We’re bringing out new ...