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Month: June 2020

Posted on 17/06/2020

Abu Dhabi’s sovereign fund boosts Cellnex stake after ending pact with Benetton family

Abu Dhabi’s sovereign wealth fund raised its stake in Spanish mobile phone tower operator Cellnex CLNX.MC after it had broken a shareholders pact with the Benetton family and Singapore’s sovereign …
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Posted on 17/06/2020

UAE Taxis to Use AI Technology to Detect Potential COVID-19 Cases

Dubai’s Roads and Transport Authority (RTA) is introducing Artificial Intelligence (AI) technologies in taxis to detect coronavirus cases, state news ag …
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Posted on 17/06/2020

Leading UAE banks fully utilise liquidity relief funds to support customers

The UAE’s banking sector continues to roll out relief measures to individuals and businesses impacted by the COVID-19 outbreak with 15 national banks fully utilizing their share of the Dh50 billion …
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Posted on 17/06/2020

Rising to the Challenge: The UAE’s Innovation-Driven Food Security Movement

Food systems are ripe for disruption, and Dubai is leading the way regionally regarding the adoption of technology-enabled food production.
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Posted on 17/06/2020

Explainer: UAE Economic Substance Regulations detail how a company must be managed in the country

Adhering to UAE’s Economic Substance Regulations (ESR) is now a ‘must do’ reality facing business owners in the region, amid the challenging financial circumstances brought on by the COVID …
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Posted on 17/06/2020

UAE- Insurers brace for tough times

Insurers in the UAE and other Gulf countries are well-capitalised but demand for insurance will decline this year due to a delay in the rollout of mandatory health insurance in Oman and Bahrain, …
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Posted on 17/06/2020

UAE Food Security Rises to the Challenge

Food systems are ripe for disruption and Dubai is leading the way regionally regarding the adoption of technology-enabled food production.
( read original story …)


Posted on 17/06/2020

UAE minister: It’s possible to work with Israel

We can have a political disagreement with Israel and try to bridge other differences. UAE Minister of State for Foreign Affairs Anwar Mohammed Gargash, in a historic public appearance by a senior Arab …
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Posted on 17/06/2020

Dubai Diamond Exchange reopens for business

DUBAI, 15th June, 2020 (WAM) — The Dubai Diamond Exchange, DDE, is open for business and ready to host regular activities, including tenders, in line with the easing of restrictions across the …
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Posted on 17/06/2020

Back To The Office: Dubai Chamber Shows The Precautionary Measures It Has Taken To Safeguard Its Employees And Customers

Following the Government of Dubai’s directive allowing people to now return to working from their offices after the COVID-19 lockdowns, the Dubai Chamber of Commerce and Industry is setting an example …
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Posted on 17/06/2020

UAE can work with Israel, despite political differences -senior official

The United Arab Emirates can work with Israel on some areas, including fighting the new coronavirus and on technology, while still having political differences with the state, a senior official said …
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Posted on 17/06/2020

UAE Minister of State for Foreign Affairs Gargash Addresses AJC Virtual Global Forum

UAE Minister of State for Foreign Affairs Gargash Addresses AJC Virtual Global Forum PR Newswire NEW YORK, June 16, 2020 NEW YORK, June 16, 2020 /PRNewswire/ — UAE Minister of State for Foreign …
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Posted on 17/06/2020

UAE’s Abu Dhabi Eases Movement Restrictions: Media Office

Abu Dhabi eased movement restrictions to allow citizens and residents to leave the emirate freely without a permit but have to enter it with one, the emirate’s media office said in a statement on …
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Posted on 17/06/2020

UAE can work with Israel in some areas while having political differences: senior official

The United Arab Emirates can work with Israel on some areas, including fighting the new coronavirus and on technology, while still having political differences with the state, the minister of state …
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Posted on 17/06/2020

UAE top in Mena, 9th globally in competitiveness

In competiveness, the UAE ranks number one the Middle East and North Africa region and ninth globally for the fourth year in a row, according to the World Institute for Management Development (IMD).
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Posted on 17/06/2020

UAE ranked ninth in global competitiveness table

The UAE ranked as the ninth most competitive nation in the world, maintaining its position as the only Arab country among the top 10 despite the headwinds posed by Covid-19, a new report showed. The …
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Posted on 17/06/2020

UAE imposes ban on insider trading

The move is in line with the provisions of the SCA resolution of 2001 concerning trading, clearing, settlement and transfer of ownership and custody of …
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