The foreign assets exclude the apex bank’s Reserve Tranche Position and Special Drawing Rights holdings with the IMF.
( read original story …)
UAE Central Bank’s foreign currency assets up to $101.2bln in April
ABU DHABI: The total foreign currency assets held by the Central Bank of the UAE increased to circa AED371.6 bn ($101.2 billion) during in April 2020, a growth of 1.6 percent from AED365.5 bn during …
( read original story …)
Dubai SME Allocates AED 20 Million to Guarantee Capital for SMEs Through The Fund & Beehive Partnership
Based SMEs owned or managed by an Emirati can benefit from scheme- Three-month payment holiday for SMEs to help during Covid-19 – …
( read original story …)
Dubai’s new malls likely to add 7.4mln sq ft retail space by end-2021
Dubai’s new major malls are expected to add more than 7.4 million square feet (sq. ft) of Gross Leasable Area (GLA) by end-2021, according to industry sources. There are eight active mall projects in …
( read original story …)
Dubai police test using surveillance cameras to detect coronavirus
Hoping to spot signs of the coronavirus among the public, police in Dubai are testing out the use of security cameras fitted with facial recognition software and thermal imaging technology. Thousands …
( read original story …)
Coronavirus live news: Brazil sees record daily deaths as World Bank warns 60m to fall into extreme poverty
Trump calls negative hydroxychloroquine study an ‘enemy statement’; WHO pass response investigation resolution; Global deaths pass 320,000. Follow the latest updates …
( read original story …)
Sharjah: 6 siblings orphaned as both parents die from COVID-19
Children aged from kindergarten to grade 10 lose mum and dad to coronavirus 23 days apart Sharjah: A Sudanese family living in Sharjah has been ripped apart after both parents died from coronavirus …
( read original story …)
UAE- Nine million contactless transactions completed on ADNOC Distribution app since start of 2020
ABU DHABI, 19th May, 2020 (WAM) — ADNOC Distribution has registered over nine million contactless transactions through its smart application since the start of 2020. The company provides four secure …
( read original story …)
UAE investor may buy into sleeping giant of French rugby
An unnamed Middle Eastern individual represented by former France winger Christophe Dominici said on Tuesday they want to buy second-tier French rugby club Beziers. Dominici, who played 67 times for …
( read original story …)
Rare UAE to Israel Flight Carries Virus Aid for Palestinians
A rare flight from the United Arab Emirates is expected to arrive in Israel on Tuesday evening, carrying medical equipment to help Palestinians fight the coronavirus pandemic.
( read original story …)
Abu Dhabi’s Etihad makes first known flight to Israel, carrying Palestinian aid
Abu Dhabi’s Etihad makes first known flight to Israel, carrying Palestinian aid …
( read original story …)
UAE develops a rapid coronavirus laser testing technology, results in seconds
The technology will reinforce the UAE’s position as a hub of research and innovation, as scientists around the world scramble to devise a faster method of testing for patients suspected to have been …
( read original story …)
Combating coronavirus: UAE develops rapid Covid-19 laser testing technology
The technology will reinforce the UAE’s position as a hub of research and innovation, as scientists around the world scramble to devise a faster method of testing for patients suspected to have been …
( read original story …)
Coronavirus: UAE develops rapid technology for virus detection
The United Arab Emirates has developed a rapid laser technology to detect the coronavirus as soon as it enters the blood cells, official WAM news agency reported on Tuesday. “The introduction of the …
( read original story …)
Cook and deliver: Dubai restaurants turn creative in cut-throat market
Running a restaurant in Dubai, where a discerning international clientele has more than twice as many dining options per head as in New York, was a cut-throat business even before the coronavirus …
( read original story …)
Fire-hit Abbco Tower residents without tenancy contract told to leave hotel in Sharjah
Dozens of Abbco Tower residents who do not have a official tenancy contract were on Tuesday asked to vacate the alternate accommodation they were provided at a hotel after the tower was hit by a fire …
( read original story …)
Abu Dhabi’s Etihad Airways warns of redundancies ‘across several areas’
“We are incredibly proud of our world-class workforce, however, we have had to make redundancies across several areas of our business to reflect current market conditions,” an Etihad spokesperson said …
( read original story …)