If the UAE fails to improve, it may find itself alongside states such as Syria, Yemen and Pakistan, which the FATF deems to have “strategic deficiencies.” …
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Sharjah says 76 projects costing Dh195m have been completed in Q1
More than 4,000 projects across various fields are under way in emirate, including construction, maintenance, earthen settlements, and the supply of IT …
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Dubai’s real estate market defies Covid-19 odds
However, analysts believe that this pace may not be sustainable in coming months as developers could go slow on their projects due to the Covid-19 uncertainty and a one-year delay in Expo 2020 Dubai.
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Dewa signs power purchase agreement for fifth phase of solar park
Acwa Power submitted the lowest bid of 1.69 US cents for the fifth phase of the Sheikh Mohammed bin Rashid Solar Park in November. Dewa chose the Saudi power developer’s bid from …
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Anti-begging campaigns launched in Sharjah, Ras Al Khaimah
Police in the two emirates have launched an anti-begging campaign in different languages – Arabic, English and Urdu to raise public awareness. As part of its initiatives to reduce and combat negative …
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UAE MoF receives budget draft from federal entities
The UAE Ministry of Finance (MoF) has announced receiving the federal budget draft for 2021 from federal entities through its automated budget preparation system, which was fully developed, and for …
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Dubai Power, Water Utility Rating Nears Junk at Moody’s
Dubai’s power and water monopoly had its credit rating cut closer to junk status at Moody’s Investors Service, citing the potential impact of the coronavirus on the emirate’s economy.
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UAE real estate returns to new normal as key trends emerge
… sector is starting to return to a new normal as new trends emerge during and post Covid-19 lockdown with rental leads for villas in Dubai registering a 11% growth compared to last year, according …
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Sharjah to help Covid-positive mums provide breast milk for baby
Breastfeeding mums who tested positive for Covid-19 will still be able to provide milk for their babies, thanks to an initiative launched by an association in Sharjah. The Friends of Breastfeeding …
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Shoppers re-emerge as UAE starts lifting lockdown restrictions
Here are the latest coronavirus updates from around the world.
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UAE labs get world’s first connected management system to accelerate COVID-19 testing
InterSystems, a global leader in healthcare information systems and technology solutions, has signed an agreement with Pure Health, the largest labora …
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Visa welcomes UAE’s move to increase limit for pin-free contactless payments
Statistics show that more than 50 percent of card transactions in the UAE are contactless. A 2019 Visa-DED study shows that about 80 percent of UAE residents who use contactless payment technology …
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With fever checks and masks, Dubai’s mega-mall reopens
Clutching bags from designer boutiques in their gloved hands, customers are back at Dubai Mall, one of the world’s largest shopping havens that has reopened under strict safeguards against coronavirus …
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UAE among top 3 resilient economies
The UAE is set to emerge among the world’s most resilient economies in 2020 post-Covid-19, thanks to traditional and new sectors as well as rapid, decisive and innovative measures taken to contain the …
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British firms in the UAE report cash flow, revenue concerns amid Covid-19
A large proportion of British businesses in the UAE are concerned about cash flow and revenue drops amid the coronavirus pandemic, according to new figures released by the British …
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Air France must be good Airbus customer -finance minister
The French government’s financial support of Air France comes with the expectation that the airline keeps buying planes from Airbus, Finance Minister Bruno Le Maire said on Wednesday. The government …
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COVID-19 impact: UAE bank profits come under pressure
Early indicators from the first quarter results of UAE banks point to a spike in provisions on expected credit losses from COVID-19 linked loan impairments and lower loan yields as a result of low …
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