The United Arab Emirates central bank said on Tuesday it has extended until mid-2022 some stimulus measures introduced last year to mitigate the impact of the coronavirus crisis on the economy.
( read original story …)
UAE Central Bank extends stimulus package till mid 2022
The Central Bank of the UAE (CBUAE) on Tuesday extended integral parts of its Targeted Economic Support Scheme (Tess) until mid-2022 to help individuals and private sector companies overcome the …
( read original story …)
COVID-19 UAE: No deaths among vaccinated patients, says study
UAE – Zero deaths have been reported among fully vaccinated Covid-19 patients in the UAE Capital, a new study conducted by the Abu Dhabi Public Health Centre (ADPHC) has revealed. There has also been …
( read original story …)
COVID-19: Here’s why Dubai Municipality asked residents not to share plates with family members during Ramadan
Dubai: This Ramadan, share meals with your family members, but don’t share your plates. That is a safety tip that Dubai Municipality wants residents to follow during the second Ramadan amid the …
( read original story …)
Dubai Aerospace orders 15 Boeing 737 MAX jets
Dubai Aerospace Enterprise (DAE), one of the world’s biggest leasing companies, on Tuesday announced an order for 15 Boeing 737 MAX 8 jets worth $1.8 billion at list prices. The order signals a …
( read original story …)
Dubai’s Emirates NBD quarterly profit rises as economy rebounds
DUBAI (Reuters) – Emirates NBD, Dubai’s biggest lender, on Tuesday posted a 12% rise in first-quarter net profit, citing improving economic conditions from the COVID-19 pandemic fallout and a sharp …
( read original story …)
The Power Of Technology To Enable Trade
The success stories of SMEs in the UAE, which make up 94% of all registered companies in the country, are a part of the nation’s overall economic success. However, the restrictions of the COVID-19 …
( read original story …)
Dubai Aerospace Enterprise Orders 15 Boeing 737 MAX Jets
BA] and Dubai Aerospace Enterprise (DAE) today announced the aircraft lessor is growing its 737 MAX portfolio with an order …
( read original story …)
Abu Dhabi’s TAQA gives initial guidance for dollar bonds – document
It gave initial guidance of around 110 basis points over U.S. Treasuries for a seven-year tranche and around 3.75% for a 30-year Formosa portion …
( read original story …)
UAE’s Emirates Islamic Bank post 37% rise in Q1 net profit
UAE-based lender Emirates Islamic Bank has posted a Q1 2021 net profit of Dhs212m, up 37 per cent year-on-year from the corresponding period last year, due to lower costs and lower impairment …
( read original story …)
Pakistan gets US$ 2 billion roll-over from UAE
Pronouncing the United Arab Emirates’ (UAE) decision to roll-over the US$ 2 billion deposit by the Abu Dhabi Fund, the UAE Foreign Minister His Highness Sheikh Abdullah bin Zayed Al Nahyan has …
( read original story …)
Qureshi, UAE FM agree to strengthen cooperation in diverse areas
Foreign Minister Shah Mahmood Qureshi and foreign Minister of United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan have reaffirmed their desire to further strengthen cordial relations between …
( read original story …)
Paskistan, UAE agree to strengthen trade relations
Paskistan and United Arab Emrites have agreed to exchange business delegations to promote bilateral trade and economic cooperation in different fields. The agreement was reached in a meeting between …
( read original story …)
Dubai apartment rents down 18.4% in the first quarter of 2021
Housing costs in Dubai continued their downtrend in the first three months of the year, with overall residential rents falling by an average of 11 percent compared to last year, data from real estate …
( read original story …)
Dubai CommerCity launches 1st phase of new facilities
Dubai CommerCity (DCC), the first dedicated e-commerce free zone in the Middle East, North Africa and South Asia (Menasa) regions, has launched 470,000 sq ft of new facilities as part of its first …
( read original story …)
UAE Trade Connect’s digital trade platform goes live with 7 banks
One of the first commercialised blockchain applications in the country, the platform will create an ecosystem for multiple trade-related entities …
( read original story …)
Abu Dhabi issues two PPP tenders to private sector
Abu Dhabi is launching two major infrastructure public-private partnership (PPP) projects under the Partnership Projects framework issued by the Abu Dhabi Investment Office (ADIO). Potential bidders …
( read original story …)