More than 12mln Covid-19 tests have been carried out in the country so far The UAE Ministry of Health and Prevention on Thursday reported 1,578 cases of the Covid-19 coronavirus, along with 1,550 recoveries. Two deaths were also reported. As many as 114,483 new Covid-19 tests were...

Sharjah City Municipality has rolled out 400 touch-screen parking meters. This project comes as part of the municipality's efforts to transform its services into electronic and smart services to facilitate procedures for its customers. Thabet Salem Al Tarifi, Director General of Sharjah...

Carrier says the facility will be the world's first and largest airside hub for the vaccine Emirates SkyCargo is setting up the world’s first good distribution practice-compliant airside hub as part of its preparations for the global distribution of a COVID-19 vaccine when it becomes...

Aviation represents over 25 per cent of Dubai’s GDP The Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South recorded a 93% year-on-year increase in business and private jet movements in Q3 2020. Aviation represents over 25 per cent of Dubai’s GDP, reported the Dubai Media...

Work will resume on November 1 The UAE has announced that Thursday, October 29, will be a public holiday for federal government employees to commemorate Prophet Mohammad’s birthday. This will mean a three-day weekend, with work resuming on Sunday, November 1. The...

Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JP Morgan and Standard Chartered have been hired to arrange the deal DUBAI - Investment Corporation of Dubai (ICD), the Dubai government's main investment arm, sold $600 million in long five-year bonds at 275 basis points over...

District cooling company says bond was oversubscribed by five times National Central Cooling Company (Tabreed) has raised $500 million with a seven-year 2.5 percent coupon bond issuance. In a statement to Dubai Financial Market (DFM) the district cooling company said it had had...

Companies that were built carefully, have reserves, says Chairman of Emaar Properties UAE - Covid-19 proved to be a 'nuclear bomb' into the balance sheet of companies and recovery from the pandemic seems to be a long U-shaped one, said Mohamed Alabbar, chairman of Emaar Properties....

SMEs in the UAE are fortunate to work in a sophisticated business environment which offers a world-class digital infrastructure UAE - The Dubai Chamber of Commerce and Industry plans to facilitate 50,000 more companies to enhance their competitiveness by taking advantage of the digital...

Will mobilise more than $3bln in private sector-led investment and development initiatives TEL AVIV- The United Arab Emirates, the United States of America, and Israel, have announced the establishment of the Abraham Fund, which fulfils a commitment made in the Abraham Accords....