July 2020 — Topical news of the United Arab Emirates

July 18, 2020 no comments 609
The launch of the UAE’s Hope Probe from Japan’s Tanegashima Space Center has been delayed twice due to unsettled weather DUBAI - The United Arab Emirates said on Friday it would launch its mission to Mars on July 20, depending on weather conditions at the launch site in Japan, Dubai's...

July 17, 2020 no comments 687
The restructure follows the appointment of Abdulhamid Saeed as governor in April The President of the UAE, Sheikh Khalifa bin Zayed Al Nahyan, has issued a federal decree to restructure the UAE Central Bank’s board of directors, to be chaired by Sheikh Mansour bin Zayed Al Nahyan,...

July 17, 2020 no comments 675
The carrier’s passenger network will grow to 62 destinations in August Dubai carrier Emirates will resume flights to four additional cities, scaling its passenger network to 62 destinations in August, it announced on July 16. The cities include: Tehran (from July 17), Guangzhou...

July 17, 2020 no comments 1104
UAE-based Azizi Developments is set to launch an outdoor drive-in cinema at one of its prominent developments, Riviera, located within Mohammed bin Rashid City in Dubai, by the year-end.  Riviera is the company’s flagship community project in the heart of MBR City, Dubai, comprising...

July 17, 2020 no comments 628
Having a cheque not process due to lack of funds, is one of UAE's most common financial offences With many facing financial difficulties in the wake of the COVID-19 pandemic, legal and financial experts have sought to ease the concerns of residents by announcing that UAE courts are now...

July 17, 2020 no comments 601
The largest proportion of overseas investors were from the UK Abu Dhabi Securities Exchange (ADX) has seen an increase of 25 percent in its overseas investor base and has distributed cash dividends worth 22.5 billion dirhams ($6.1 billion) in the first-half (H1) of 2020, highlighting...

July 16, 2020 no comments 620
According to the Dubai Land Department, 15,897 sales transactions were recorded in Dubai between January to June 2020 Property prices in the emirate of Dubai have eased out in H1 2020, as conditions become favourable for buyers and renters amidst the waning Covid-19 crisis, a new...

July 16, 2020 no comments 628
A new launch date will be announced in the next 24 hours The launch of the Emirates Mars Mission’s Hope Probe has been further delayed, it was announced on July 15. The UAE Space Agency and the Mohammed bin Rashid Space Center, in collaboration with Mitsubishi Heavy Industries,...

July 16, 2020 no comments 637
Sales volume in the emirate for the month of June increased to 2,121 units A recent report has shown that Dubai’s residential sector witnessed a recovery in sales transactions in June, thanks to the easing of movement restrictions that had been imposed to curb the spread of the...

July 16, 2020 no comments 672
DP World and Virgin Hyperloop have joined to set up the 'DP World Cargospeed' The historic move by the US to issue the long-awaited guidance on a clear regulatory framework for the safe deployment of the revolutionary hyperloop system will be critical in turning the new-age...

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