Monday , July 13 2020
Home / Tag Archives: UAE

Tag Archives: UAE

PM Hasina goes on a week-long visit to Germany, UAE Thursday

Dhaka, Feb 13 (UNB) – Prime Minister Sheikh Hasina’s first overseas tour in her third consecutive term in office will further boost Bangladesh’s image abroad as she carries a big example of development, says Foreign Minister Dr AK Abdul Momen on Wednesday. “She has a big example of development in her pocket. I believe the entire international community will want ... Read More »

UAE reopens embassy in Damascus

The United Arab Emirates has reopened its embassy in Damascus after a seven year absence, in a bid to normalise ties and potentially return Syria to the Arab League. The reopening of the embassy is a step towards Syria’s rehabilitation by its Arab peers after its membership in the Arab League was suspended in 2011. Read More »

UAE diamond jewellery start-up raises Dhs1.5m funding

UAE-based start-up Fergus James – a diamond jewellery retailer – has received Dhs1.5m ($408,441) in funding from local angel investors to expand its e-commerce business. The site offers customised wedding and engagement diamond rings – mainly targeting male shoppers – and delivers products across the world. Formerly known as Dubai Rocks, the company has now launched internationally as Fergus James ... Read More »

More UAE consumers struggle to make ends meet in Q2

A higher percentage of UAE consumers reported struggling to make end meets following the introduction of value added tax in the second quarter of the year compared to the first, according to a new survey. Comparison site Yallacompare said its consumer confidence tracker survey of 1,347 UAE residents showed 13.9 per cent had issues meeting their basic needs compared to ... Read More »

UAE, India to partner on artificial intelligence

The UAE has signed a partnership with India to develop artificial intelligence (AI) with plans to generate an $20bn in economic benefits during the next decade. The Memorandum of Understanding (MoU) for the India – UAE Artificial Intelligence Bridge will “spur discussion and explore options for both countries to grow their AI economies”, a statement said. AI is expected to ... Read More »

UAE’s N-power plant gets electricity generation licence

The UAE’s Department of Energy (DoE)has issued an electricity generation licence to Barakah One – the joint venture company that will operate the country’s first nuclear power plant. Barakah One is the subsidiary company owned by the Emirates Nuclear Energy Corporation (ENEC) and the Korea Electric Power Corporation (KEPCO). The licence is a key regulatory requirement before the Barakah nuclear ... Read More »

UAE begins amnesty period on August 1

UAE authorities will officially begin an amnesty period for illegal residents and workers on August 1, according to state news agency WAM. The amnesty will last until October 31 and allow any violators who entered the country before August to resolves their status and “return to the state with a new and unhindered visa” officials were quoted as saying. Nine ... Read More »

Saudi, UAE and allies submit Qatar airspace dispute to ICC

The UAE, Saudi Arabia, Bahrain and Egypt are bringing a sovereign airspace dispute with Qatar to the International Court of Justice, the four countries said on Wednesday. The group, which began a boycott of Qatar more than a year ago, said they were submitted their complaint to the court on the grounds that UN aviation body the International Civil Aviation ... Read More »

8,000-year-old village discovered in Abu Dhabi

Archaeologists from Abu Dhabi’s Department of Culture and Tourism have discovered the oldest known Neolithic village in the UAE. Radioactive carbon testing at the site on Marawah Island dated it at around 8,000 years old, according to state news agency WAM. The team found 10 houses, comprising several rooms and outdoor spaces for raising animals and food preparation, in good ... Read More »

UAE amnesty will begin in August

An official amnesty period allowing illegal UAE residents to correct their status and work legally will begin in August, an official has said. The ‘protect yourself by modifying your status’ campaign follows the adoption of new visa rules last week by the UAE Cabinet allowing those that overstay their visa to leave the country voluntarily without receiving a ‘no entry’ ... Read More »

UAE amnesty will allow illegal residents to work

The UAE’s Federal Authority for Identity and Nationality is preparing to launch an amnesty initiative allowing illegal residents to correct their status and work in the country without having to leave. The ‘protect yourself by modifying your status’ campaign follows the adoption of new visa rules last week by the UAE Cabinet allowing those that overstay their visa to leave ... Read More »

UAE announces new visa rules for jobseekers, tourists

The UAE has announced new visa rules covering residents and tourists, and has also introduced an insurance scheme to replace bank guarantees when recruiting workers in the private sector. The new regulations were adopted during a Cabinet meeting on Wednesday, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Dubai’s ruler. All ... Read More »

UAE seventh on global competitiveness ranking

The UAE has climbed three places to rank seventh in a global competitiveness ranking by Swiss business school International Institute for Management Development (IMD). The emirates took the position ahead of Norway, Sweden and Canada after coming first globally for indicators including government decisions, public-private partnerships, employment, international trade and international talent. It was also second globally for business efficiency ... Read More »

UAE becomes Middle East’s best nationality

The UAE has overtaken Israel for the first time to lead the Middle East in a quality of nationality index produced by citizenship firm Henley & Partners. The emirates climbed three places to 46th in the 2017 ranking, having risen 13 positions over the last five years after receiving visa-free travel access to the European Union’s Schengen Area in 2016 ... Read More »

Most UAE companies still dominated by men

Most UAE companies are still dominated by men, according to a new report by job site Monster. In a survey of 2,000 men and women carried out for International Women’s Day the company found that just over half of respondents were employed in male-dominated organisations. Two thirds (66 per cent) also reported to male managers and 70 per cent said ... Read More »

UAE fuel prices to decrease slightly this month

The UAE’s Ministry of Energy has announced a slight decrease in fuel prices for the month of March after a significant increase last month. Fuel prices increased 5-7 per cent in February following the introduction of value added tax on January 1. The new prices for March are Dhs2.33 for Super 98, down from Dhs2.36 in February, Dhs2.22 for Special ... Read More »

Demand for gold jewellery in UAE hits 20-year low

Demand for gold jewellery in the UAE has hit a 20-year low, the World Gold Council said in its 2017 report. Jewellery purchases in the country fell 2 per cent from 43.4 tonnes in 2016 to 42.8 tonnes last year, the fourth consecutive annual decline, according to the organisation. This was despite a 16 per cent demand increase in the ... Read More »

Enough coins in circulation, says UAE central bank

The UAE’s Central Bank has said the country has sufficient small coins in circulation following concerns consumers were being overcharged for some products following the introduction of value added tax. Last week, the Department of Economic Development – Abu Dhabi announced that shops had been given permission to round up the cost of items by up to Dhs0.20 if payment ... Read More »

UAE to roll out 5G in early next year

The UAE’s Telecommunications Regulation Authority has announced the initiation of IMT2020 technology – commonly known as 5G – which is expected to be deployed across the country from early 2018. According to state news agency WAM, licencees from mobile operators in the UAE will start the deployment of 5G networks in several phases from early in the new year, helping ... Read More »

UAE implementing 5pc value added tax on Jan 1

The UAE’s Federal Tax Authority has announced a final list of products and services that will be subject to an impending 5 per cent value added tax rate on January 1. Other select goods and services will be zero-rated or exempt from the tax in areas including education, healthcare, oil and gas, transport and real estate. Certain government and non-profit ... Read More »

UAE denies Houthis have fired missile towards emirates

The United Arab Emirates has denied a report that Yemen’s Houthi group had fired a missile towards a nuclear plant in the UAE, state news agency WAM reported on its Twitter account. It quoted the UAE’s emergency and crisis management department as saying the UAE possessed a missile defence system that could deal with any such threats and adding the ... Read More »

UAE probing ‘serious incident’ involving Emirates A380

The United Arab Emirates’ civil aviation regulator is investigating why an Emirates Airbus A380 superjumbo flew dangerously low when approaching Moscow’s Domodedovo Airport last week, it was revealed on Friday. The General Civil Aviation Authority (GCAA) said its air accident investigation unit is treating the September 10 episode as a “serious incident”, an internationally recognised category which means an accident ... Read More »

Emirates chief dismisses reports of merger talks with Etihad

Emirates president Tim Clark has dismissed reports that the rulers of the UAE are discussing a potential merger of Emirates and Etihad due to tough market conditions. German business paper Handelsblatt Global cited several sources as confirming the talks and said they were motivated by falling profits and slowing growth at the two airlines. Read More »