Economy

A senior official at the General Authority of Civil Aviation, GACA, has said that during the month of October, aircrafts flying over UAE airspace averaged around 1,000 planes a day, an increase of more than 200% in comparison with the volume of air traffic last April. Director-General of GACA Saif …

ADQ, one of the region’s holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, has announced it entered into a non-binding agreement with Lulu International Holdings, LIHL, paving the way for an investment supporting LIHL’s expansion of operations in Egypt of up …

The Ministry of Finance announced today the launch of the second phase of government entities to transition to accrual accounting, building on the success it achieved in the first phase of the programme, based on its efforts to raise the effectiveness of financial planning in the country in accordance with …

Field inspectors from the Commercial Compliance and Consumer Protection, CCCP, Sector in Dubai Economy continued their visits to open markets and shopping centres across the emirate on Tuesday to ensure that commercial establishments commit to the precautionary measures against COVID-19. During yesterday’s tours, Dubai Economy imposed fines on two commercial …

Abu Dhabi Securities Exchange, ADX, today announced the launch of its latest investment service “Covered Short Selling”, to support the exchange’s strategy of diversifying investment and providing investors with a broader range of hedging mechanisms. By doing so, it will attract a new segment of specialized and experienced investors, driving …

Field inspectors from the Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy continued their visits to open markets and shopping centres across the emirate yesterday to make sure that commercial establishments commit to the precautionary measures against COVID-19. During yesterday’s tours, Dubai Economy imposed fines on 11 commercial …

Dubai recorded AED551 billion worth of non-oil external trade in the first half of 2020. The emirate’s ability to minimise the impact of the pandemic-induced global economic slowdown on its trading sector reflects its exceptional logistics infrastructure, which enabled it to maintain uninterrupted trade flows and a streamlined supply chain. …

Field inspectors from the Commercial Compliance & Consumer Protection, CCCP, Sector in Dubai Economy continued their visits to open markets and shopping centres across the emirate yesterday to make sure that commercial establishments commit to the precautionary measures against COVID-19. During yesterday’s tours, Dubai Economy fined six commercial establishments for …

Field inspectors from the Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy shut down a service centre in Al Twar yesterday after an opening ceremony at the facility caused overcrowding, which is considered a violation of the physical distancing guidelines specified as part of the precautionary measures against …

The UAE’s liquefied natural gas exports stood stable at 1.4 million tonnes in the second quarter of 2020, a growth of 7.6 percent compared to the same period in 2019, according to recent reports by the Organisation of Arab Petroleum Exporting Countries, OAPEC. The UAE has become a key player …