The Ministry of Human Resources and Emiratisation announced that it will allow construction companies to construct housing for their workers at their construction sites.
In a statement on Wednesday, the UAE ministry noted that employers must adhere to Ministerial Decree No. 739 of 2016 concerning the protection of wages, as well as employment contracts signed by employers and employees.
Emirates air cargo carrier has helped import more than 34,000 tonnes of food into the country between January and April 2020, out of which 13,000 tonnes were imported between March and April
This announcement comes as part of the forward-looking and proactive steps taken by the ministry to keep up with the digital revolution, in accordance with the UAE Vision 2021 and the UAE mGovernment Initiative.
The bank delivered a resilient performance with a net profit of AED 2.4 Billion for the first three months of 2020, down 22% from the same period in 2019 mainly as a result of lower revenue due to rate cuts and unprecedented market conditions during the period
Sultan bin Saeed Al Mansouri, Minister of Economy, participated in the extraordinary meeting of ministers of tourism of G20 countries.The meeting discussed the latest developments to the current coronavirus crisis and its effects on the tourism sector
First launched in 2012, the updated system is part of the recommendations of the Government Financial Policy Coordination Council
Stockpiles of refined products at the UAE’s East Coast port of Fujairah dropped to a three-week low as of Monday with a local refinery reporting China demand to be "coming back."
Dubai Financial Market, DFM, on Wednesday launched the UAE Index for Environment, Social and Governance, ESG, as the first index of its kind from the financial markets in the UAE and the region
Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, yesterday chaired the 111th meeting of the GCC Financial and Economic Cooperation Committee, which took place virtually
In a statement the telecommunications group noted that its consolidated revenues amounted to AED13.1 billion representing a year over year increase of one percent while consolidated net profit after federal royalty amounted to AED2.2 billion, resulting in a net profit margin of 17 percent.
In a statement today, the DFM-listed telecom operator said its subscriber base saw gains of AED640 million in the fixed segment during the first three months of the year, a growth of 5 percent on year.
The Federal Tax Authority (FTA) has issued a directive, on an exceptional basis, extending to 28 May 2020 the deadline of submitting VAT returns and the payment of due tax for the tax period ended 31 March 2020
The Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, has launched three regulatory technology, RegTech, pilot initiatives, with the objective of helping its regulated financial services firms achieve better compliance while reducing regulatory costs
The number of economic incentives launched by the Federal Government and local governments in the country’s emirates exceeded 100 over 45 days, as per a survey conducted by the Federal Competitiveness and Statistics Authority.
According to a Central Bank UAE report, the required reserves have been steadily growing over the recent months. In December 2019, they increased to AED129.7 bn from AED126.2 bn in September same year.