The Central Bank of the UAE, CBUAE, announced that the Money Supply aggregate M1 increased by 0.7%, from AED 560.3 billion at the end of April 2020 to AED 564.3 billion at the end of May 2020.
The implementation of P2P is to help facilitate the procurement process and e-approval of purchase orders and requests of various federal entities in the country.
Smart Dubai announced it has on boarded a new partner in the joint Retail Sector Data Project, launched in late 2019 in partnership with Dubai’s Department of Economic Development (Dubai Economy) and other semi-government and private entities.
Supreme Committee of Crisis and Disaster Management headed by His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum announced the resumption of a new set of economic activities and services in the emirate effective Thursday 18 June, 2020.
Hundreds of customers at Ibn Battuta Mall have said ‘thank you’ to the workers who are keeping Dubai turning through the Covid-19 pandemic by signing a giant tribute board.
A report by the Business Registration and Licensing (BRL) sector of Dubai Economy showed that its Auto Renewal service for businesses recorded a 68 per cent increase among all total renewed licences during the first five months of 2020. Out of 64,605 licences renewed, 44,127 were auto renewed
Jumeirah Group, The global luxury hospitality company and a member of Dubai Holding, is proud to announce that its beautiful Italian property, Capri Palace Jumeirah, will open its doors for the first time, starting the season on 25 June 2020 until 30 September 2020 as part of Jumeirah Group.
The Department of Economic Development, Dubai released the Price Monitor for 16th June 2020 today. The daily Price Monitor lists covers all the essential products and lists the minimum and maximum price from Dubai Economy
Dubai Entrepreneurship Academy, the educational arm of Dubai SME, has demonstrated a remarkable level of resilience and digital readiness following the precautionary measures against COVID-19 in the UAE.
As part of its ongoing efforts to support UAE businesses during the ongoing COVID-19 situation, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, is offering Business Banking debit cards free of charge to eligible SME clients.
Dubai Sports Council has announced sports academies and coaching clinics based in Dubai’s private educational institutions can open for business, on the condition they strictly adhere to the COVID-19 safety guidelines
The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy received 1,404 consumer complaints on the e-commerce sector during May, which was 228% higher than the complaints received in the same period last year (428 complaints).
The Business Registration and Licencing (BRL) sector of Dubai Economy and Commercial Bank of Dubai (CBD) have joined hands to provide exclusive banking services for DED Trader licence holders. The initiative enables startups in Dubai to leverage online and social media for business growth.
The reopening mandate is limited only to hotel establishments, health clubs/gym facilities, recreation clubs, and residential and commercial facilities. Social gatherings, parties and events are still barred , along with massage services, spa, sauna, jacuzzi and pool bars.
DP World has announced the completion of its acquisition of a 51 percent stake in TIS Container Terminal in the Port of Yuzhny, Ukraine. This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities.
The Central Bank of the UAE, CBUAE, has projected the recovery of economic activity to commence in the second half of the year.