H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, stated that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, is always capable of turning challenges into opportunities.
UAE banks provided AED16.5 billion in loans in Q1-2020 to the industrial and business sectors, bringing to circa AED818.8 .1 bn the total credit facilities obtained by the two sectors during the period from January to March 2020
His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy, affirmed that the UAE, under the guidance and follow-up of the wise leadership, has developed a systematic response plan to address the economic implications of the coronavirus
The Ministry of Human Resources and Emiratisation has called on private sector establishments to consider workers infected with COVID-19 as sick cases entitled to sick leave as per Federal Law No. 8 of 1980.
Agthia Group PJSC has announced the election of Khalifa Sultan Al Suwaidi as Chairman of its Board of Directors. In addition, six new board members were elected for a three-year term following election results revealed during the company’s Annual General Meeting.
The Central Bank of the UAE, CBUAE, has endorsed banks’ firm steps to support their customers affected by the COVID-19 pandemic. To date, 75 percent was already draw-down from the AED50 billion liquidity facility, equivalent to AED37.2 billion total consumption of allocated funds.
The UAE Dirham has appreciated against the currencies of top 10 non-dollarised import partners by 1.8 percent in 2019, according to Central Bank of the UAE statistics.
H.H. Sheikh Hamdan bin Rashid Al Maktoum announced on Wednesday the launch of a new initiative to create a unified global legal and legislative framework for the Islamic finance sector.
MoHaP & NCEMA in a joint announcement today stated that people over the age of 60 and children younger than 12 are prohibited from entering shopping malls, cooperative societies, and supermarkets.
The UAE Ministry of Energy and Industry is collaborating with strategic partners in the medical sector to formulate plans to enhance the level of innovation, productivity, and competitiveness of the country's medical industries.
During its meeting today, the Ministerial Development Council presented the recommendations of a temporary committee in charge of addressing the negative effects of coronavirus on all sectors of the national economy.
overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.
The UAE leadership spared no effort in ensuring welfare of workers even under the current circumstances, said Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance.
The G20 Ministers responsible for the digital economy emphasise the promising role of digital technologies and relevant digital policies to strengthen and accelerate our collective response to the COVID-19 pandemic as well as to enhance our ability to prevent and mitigate future crises.
Noon, the region’s homegrown digital marketplace, has announced the launch of ‘noon Daily’, a next-day fresh grocery delivery service in Dubai, via the noon App. The initiative comes in line with ensuring that the community’s needs for food supplies are met anytime.
The total gross deposits of the private sector in the UAE banks amounted to circa AED1.076 trillion by the end of March 2020, a 1.7 percent growth of AED18 billion from AED1.058 trillion in December 2019