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
In February last year, the British bank received approvals from Saudi Arabia’s financial regulator to open a branch in the kingdom
Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing
In H1 2020, 4,536 women investors completed 5,112 investments worth Dhs6.6bn
Majority of UAE investors said they were optimistic about the global economy
The King Fahd Causeway shut on March 7 as part of the precautionary measures
An official within the government added that the “issue is fundamentally not for discussion”
The two-week lockdown will commence from July 25
The emirate’s food imports reached Dhs22bn, while exports were recorded at Dhs5.5bn and re-exports amounted to Dhs4.5bn