Economy

The Abu Dhabi National Oil Company (ADNOC) today announced that, following approval from the UAE Securities and Commodities Authority (SCA), it has increased the number of ordinary shares offered in the Initial Public Offering (IPO) of ADNOC Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares, which equates to 11 …

Sheikha Bodour bint Sultan Al Qasimi, President of the International Publisher Association (IPA), has formed the International Sustainable Publishing and Industry Resilience (InSPIRe) Plan Taskforce to identify key pandemic-induced challenges facing publishers and promote cooperation on the way forward, following IPA’s landmark report “From Response to Recovery: The Impact of …

H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, stressed the importance of the role of the Emirate of Fujairah in providing a conducive investment environment and infrastructure for international energy companies, in addition to supporting and regulating the emirate’s oil sector, in line with …

Natural gas is set to play a pivotal role in powering economic growth in the UAE over the next 50 years, according to Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC). Delivering the …

H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of Abu Dhabi Agriculture and Food Safety Authority, has highlighted the importance of regulating agricultural practices and standard operating procedures as a key step towards ensuring the sector’s sustainability, enhancing the food ecosystem and achieving food …

Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner-General of Expo 2020 Dubai, has praised the 30,000 volunteers who will help deliver an exceptional World Expo as Dubai welcomes the world from 1st October 2021 to 31st March 2022.Expo 2020 Volunteers have completed more than 40,000 …

Mohammed bin Rashid: Today, we issued a decision to establish the Dubai Authority for Economic Zones, which will be the umbrella for Dubai Silicon Oasis, Dubai Airport Free Zone and Dubai CommerCity, and accommodate 5,000 companies. The authority will be under the chairmanship of Sheikh Ahmed bin Saeed and Dr. …

The Chinese Pavilion at Expo 2020 Dubai is expected to receive around two million visitors, a top executive of the Chinese Business Council (CBC) in the UAE told Emirates News Agency (WAM), adding that the global event will also help “attract more overseas enterprises to the UAE and open new …

Dubai DED issues a circular of the revised protocols related to elevators, offices & workplaces in Private Companies⁣ which included: Maximum capacity allowed in elevators with no limit specified on number of people. Social distancing guidelines must be adhered to and face masks worn while inside elevators. • Physical distancing …

The Central Bank of the UAE (CBUAE) has published the ‘Typologies in the Financial Sector’ report, produced by the Supervisory Authorities Sub-Committee, which is chaired by CBUAE. The Supervisory Authorities Sub-Committee includes Abu Dhabi Global Market and Dubai Financial Services Authority, the Executive Office for Anti-Money Laundering and Countering the …