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Month: February 2022

Posted on 28/02/2022

Dubai entry requirements: Travel restrictions ease in UAE with Covid tests scrapped for fully vaccinated

Travellers may now present proof of full vaccination or a negative PCR test result or proof of recent infection in order to enter the country …

Posted on 28/02/2022

Watch: Rainy weather hits UAE as heavy showers seen in Dubai’s Hatta, fog alert on Monday night

The relative humidity is expected to cause mist and fog formation at night and on Tuesday Dubai: Heavy rain hit the Hatta region in Dubai on Monday afternoon. Videos of the showers were posted on …

Posted on 28/02/2022

Sanjay Shah: Denmark wins UK court appeal over Dubai trader’s alleged tax fraud

Denmark’s tax authority has won its appeal in the UK courts over an alleged £1.5 billion ($2 billion) fraud by Dubai hedge fund trader Sanjay Shah and scores of others. London’s High Court had …
( read original story …)


Posted on 28/02/2022

Rates hike, business rebound set to drive UAE banks’ profitability

According to S&P Global Ratings, the top 10 banks in the UAE are likely to have an increase of 15 per cent of their net income or an additional 1.4 percentage …
( read original story …)


Posted on 28/02/2022

UPDATE 1-UAE bank’s bid for Egypt’s ‘national champion’ EFG may be too low

The United Arab Emirates’ biggest lender may have to raise its bid to take a controlling stake in Egypt’s top investment bank EFG Hermes given the latter’s outsized influence over Egypt’s financial …
( read original story …)


Posted on 28/02/2022

20 restaurants set to open in one venue at Dubai Festival City Mall in 2022

Twenty international dining concepts are set to open within the same 100,000 sq ft venue at Dubai Festival City Mall in the fourth quarter of 2022. Aiming to disrupt the foodie scene, the massive …
( read original story …)


Posted on 28/02/2022

100,000 sq.ft. F&B space to come up at Dubai Festival City Mall

UAE’s largest F&B space is set to come up at Dubai Festival City Mall, it was announced on Monday. The 100,000 sq. ft. area, being set up in partnership between Solutions Leisure Group and Al Futtaim …
( read original story …)


Posted on 28/02/2022

Sheikh Sultan bin Muhammad reorganises Supreme Council for Family Affairs in Sharjah

Scope of goals, chairperson’s duties and affiliations covered by new Emiri Decree Sharjah: His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, …

Posted on 28/02/2022

Looming FATF decision on dirty money list poses risks for UAE

A global financial crime watchdog will decide this week whether the United Arab Emirates has made enough progress to avoid landing on a ‘grey’ watchlist, a designation which risks reputational damage …

Posted on 28/02/2022

COVID-19: PCR tests no longer required for vaccinated passengers – UAE’s new relaxed travel guidelines explained

Also, the requirement for pre-departure PCR (Polymerase Chain Reaction) tests for vaccinated passengers coming into the UAE has been scrapped, following an announcement by the Nat …

Posted on 28/02/2022

UAE’s flydubai cancels some flights to Russia until March 8

United Arab Emirates carrier Flydubai has canceled flights to Krasnodar and Rostov-on-Don in Russia until March 8, its spokesperson said on Monday.

Posted on 28/02/2022

UAE: Private sector firms to get incentives for supporting Emiratisation

The country’s Cabinet has approved a policy which provides incentives to companies that support employment of Emiratis …

Posted on 28/02/2022

UAE firms must be prepared for corporate tax: Deloitte

While the majority of respondents to a survey in the UAE are following the development regarding the introduction of corporate tax, less than a quarter of respondents feel very well informed about the …

Posted on 28/02/2022

UAE Cabinet approves Dh12 billion budget for Sheikh Zayed Housing Programme

The UAE Cabinet on Monday approved a Dh12 billion budget for the Sheikh Zayed Housing Programme. The budget was approved during a meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, …

Posted on 28/02/2022

UAE: 13,839 vaccine doses administered in 24 hours

The UAE has administered 13,839 doses of the Covid-19 vaccine in the past 24 hours.The country’s Ministry of Health and Prevention (MoHAP) said the total doses administered now stand at 24.1 …

Posted on 28/02/2022

UAE reports 605 Covid-19 cases, 1,571 recoveries

The UAE has reported 605 new Covid-19 cases on February 28. The new infections were detected, after 417,532 tests were conducted across the country to screen for the virus. The health ministry also …

Posted on 28/02/2022

UAE eases restrictions for fully vaccinated travellers

Fully vaccinated travellers and those who have recovered from Covid-19 will no longer be required to take a PCR test to enter the UAE. The easing of restrictions was confirmed by UAE’s National …

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