A total of Dhs44.38bn has been withdrawn until end June
Travellers must present negative Covid-19 results prior to boarding and take another test upon arrival in Sharjah
In H1 2020 alone, Dubai’s external trade with Saudi reached Dh24bn
The draft law gives the government six months to determine the number of expats needed by the country
ADIO will subsequently open offices in Europe, North America and Asia
The agreement will allow Israeli clients to transact directly in the UAE
The expansion will substantially increase handling volumes by providing additional deep-water access and enhanced infrastructure
Daily inspection visits are being carried out across the emirate, officials confirmed
The federal government’s total revenues were reported at Dhs34.7bn
On August 13, the countries announced their plan to normalise ties, a first between Israel and a Gulf Arab nation
The extension will be processed automatically by the ministry online
The decision applies to all private sector establishments that employ five or more engineering professionals
Recovering from the ‘great compression’ caused by Covid-19 is going to be a slow and uncertain process, led by epidemiological factors
Transworld Feeders and Avana Global are independent feeder and Non-Vessel Operating Common Carriers (NVOCC) operators
The validity of a family ownership contract can extend up to 15 years, after which it must be renewed
The construction and engineering sector accounted for the biggest share of contracts in the first six months of the year
Expatriates whose visas expired by the end of May were given a three-month free grace period to renew their documents
The digital economy’s contribution to the UAE’s local GDP in 2019 reached 4.3 per cent
Exports rose by 20 per cent year-on-year to Dhs31m from Dhs25.7m, while re-exports stood at Dhs6.5m
Salons, gyms, barbershops, tailors, and spas are set to reopen from August 18
Its net revenue also declined nearly 11.5 per cent year-on-year to Dhs2.5bn
Construction as well as the wholesale and retail industry are leading the upswing
The Gulf state is aggressively looking to reduce its expat population
The UAE’s central bank had provided more than $70bn of stimulus by March to aid businesses
Re-exports fell 24.6 per cent year-on-year to Dhs13bn and non-oil exports by 8.5 per cent to Dhs18.3bn
China accounted for the highest percentage of DAFZA’s trade, with 21 per cent valued at Dhs7.7bn
There were 190 FDI projects announced in the emirate in H1 2020, around 50 per cent of them being greenfield initiatives
The first six months saw $72bn of bond issuance from the region
China’s state-owned oil giant is reportedly conducting advanced discussions with BP for a 10 per cent stake in the Khazzan natural gas field
The bank had asserted in March that no employees would be made redundant as a result of the Covid-19 pandemic