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Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a zero-deficit federal budget of AED61.354 billion for 2020 fiscal year. This is the largest budget since the establishment of the UAE. About 31 percent of the budget is allocated to ...

Dubai / WAM Within one year of its launch, KhalifaSat captured 7,250 high-quality images and was able to complete 5,431 low Earth orbits, and communicated with the ground station at the Mohammed bin Rashid Space Centre (MBRSC), 906 times to send information and images, and receive updates. KhalifaSat sent 355 terabytes of data to the MBRSC’s ground station from across planet ...

Bloomberg Alberto Fernandez has yet to take office in Argentina. But already diplomats in Buenos Aires are anxiously awaiting what’s set to be yet another pendulum swing in the country’s foreign policy, this time to the left. That may mean a less fulsome embrace of Donald Trump than incumbent Mauricio Macri, under whom Argentina aligned more with US goals in ...

Bloomberg The UK is set for its third general election since 2015 as political leaders attempt to resolve the Brexit crisis paralysing the country. PM Boris Johnson won the backing of opposition Labour Party leader Jeremy Corbyn for a snap poll to take place between December 9-12. While the date is yet to be confirmed, the vote is set to ...

Bloomberg Hong Kong leader Carrie Lam dismissed reports of her looming replacement as “very malicious,” reiterating that she had Beijing’s support despite more than four months of unrest. Lam’s comments before a meeting of the city’s Executive Council came after a Financial Times report said Beijing was mulling a plan to remove Lam after her administration failed to quell months ...

Bloomberg Lebanon’s PM Saad Hariri stepped down on Tuesday after two weeks of anti-government protests descended into violence. “I won’t hide that I reached a dead end and it’s time for a major shock to confront the crisis,” Hariri said in a televised address. “I’m going to the presidential palace in Baabda to submit my government’s resignation to the president ...

DUBAI / WAM Businesses in Dubai are confident of closing the year on improved revenues and a stronger footing with economic growth expected to gain momentum during the months ahead. The quarterly business survey of Dubai Economy showed that the Composite Business Confidence Index (BCI), of local businesses increased 14.9 points and reached 129.8 points in the third quarter of ...

ABU DHABI / WAM The United Arab Emirates has characterised news of US military action targeting Daesh leader Abu Bakr Al Baghdadi as a positive step towards strengthening international counter-terror efforts. In a statement released by the Ministry of Foreign Affairs and International Cooperation on Tuesday, Dr Obaid Al Ketbi, Assistant Foreign Minister for Military and Security Affairs, said, “The ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), issued new Employment Regulations 2019 and the Compensation Awards and Limits Rules 2019, replacing its previous legislative framework regarding employment matters. The new legislation takes into consideration public consultation that was undertaken earlier this year to review, improve ADGM’s legislative framework relating to employment. The new Regulations and Rules strengthen ADGM’s ...

ABU DHABI / WAM During his official visit to the UAE, Ueli Maurer, President of Switzerland, has participated in the groundbreaking for the Swiss pavilion at the site of Expo 2020 Dubai, accompanied by a Swiss delegation. As part of his visit to Expo, the Swiss President was received by Najeeb Mohammed Al Ali, Executive Director of the Dubai Expo ...