August 2020 — Topical news of the United Arab Emirates

August 22, 2020 no comments 146
The sum comes as a result of the bank's commitment to offer 50% rebate on the merchant service fee charged to SME customers for credit card transactions during the three-month period between April to June 2020 First Abu Dhabi Bank (FAB) is disbursing nearly Dh4 million in rebates to...

August 21, 2020 no comments 295
The Judicial Department in Abu Dhabi revealed that the number of labourers who received their dues in collective cases by moving to the mobile court amounted to about 53,000 workers, while the value of their dues reached Dhs577,218,466. The cases were dated from the beginning of 2019 until...

August 21, 2020 no comments 148
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, congratulated the nation on the New Hijri Year. Sheikh Rashid tweeted, “We congratulate the people of the Emirates and the Islamic nation on the occasion of the new Hijri year. A year...

August 21, 2020 no comments 206
Oversupply eases during coronavirus pandemic, as new project launches on hold The coronavirus pandemic has somewhat eased Dubai’s oversupply problems, but the months ahead will remain tough for the emirate’s real estate market, a top developer said. Hussain Sajwani, the founder...

August 21, 2020 no comments 169
Nearly 6.2mln Covid-19 tests have been carried out in the country so far The UAE Ministry of Health and Prevention on Thursday reported 461 cases of the Covid-19 coronavirus, along with 131 recoveries. Two deaths were also reported. More than 72,000 new Covid-19 tests were carried...

August 20, 2020 no comments 207
Inflow of foreign investments into the emirate's vital sector could pick up in the near future The weaker dollar has proved to be a boon for Dubai's real estate sector, attracting investments from overseas investors during the last few months. Analysts said that the inflow of...

August 20, 2020 no comments 137
Emirates and Etihad could attract Israeli passengers by leveraging their hub status, the global ratings agency The agreement between Israel and the UAE to normalise their diplomatic relations will have important economic and geopolitical ramifications for both sovereigns, with the UAE...

August 20, 2020 no comments 156
The Emirates Nuclear Energy Corporation, ENEC, on Wednesday announced that its operations and maintenance subsidiary, Nawah Energy Company, in partnership with the Abu Dhabi Transmission and Despatch Company, TRANSCO — a subsidiary of Abu Dhabi National Energy Company — has safely...

August 19, 2020 no comments 204
Region's beauty, personal care market won't be back on track until 2024: Euromonitor The makeup and cosmetics counters in the UAE’s shopping malls and retail outlets have reopened, but it will be quite a while before the shops will be abuzz with customers. The beauty and personal...

August 19, 2020 no comments 161
The collaboration includes transferring the ventures fund, which was set up through Ghadan 21, to ADQ The Abu Dhabi Investment Office (ADIO) and ADQ, one of the region’s largest holding companies, will join forces to spur further investment in Abu Dhabi’s digital economy and strengthen...

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