Economy

Fuel prices for the month of September 2020: Super 98: Before: 1.91 AED/L After: 1.91 AED/L Special 95: Before: 1.80 AED/L After: 1.80 AED/L Diesel: Before: 2.06 AED/L After: 2.06 AED/L

Dubai Customs has played a pivotal role in ensuring the continuity of global and local supply chains during the COVID-19 pandemic. Customs inspections and clearance operations at sea, air and land entry-points have been running around the clock to ensure the smooth flow of cross-border trade, as well as guaranteeing …

The Emirates Nuclear Energy Corporation, ENEC, on Wednesday announced that its operations and maintenance subsidiary, Nawah Energy Company, in partnership with the Abu Dhabi Transmission and Despatch Company, TRANSCO – a subsidiary of Abu Dhabi National Energy Company – has safely and successfully connected Unit 1 of the Barakah Nuclear …

In implementation of Sharjah Ruler directives … The department of Town Planning and Survey approves the allocation of 10 petrol stations along the new (Sharjah – Khorfakkan) road to serve road users and the neighboring residential areas. In addition to allocating two stations within the city of Khor Fakkan in …

Abu Dhabi Securities Exchange, ADX, on Monday announced that Chimera Capital LLC’s Exchange Traded Fund, ETF, has listed on the Exchange. The ETF has been designed to replicate the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. The index is provided by S&P and tracks the performance of UAE-based Shariah …

 Ras Al Khaimah Economic Zone, RAKEZ, continues to increase Ras Al Khaimah’s international appeal with the introduction of its Global Product, an innovative midshore free zone set-up that allows investors to redomicile or incorporate a new company through one of RAKEZ’s authorised Corporate Service Providers, CSPs. Since RAKEZ Global Product, …

 Britain’s economy shrank by a record 20.4 percent between April and June when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, with a wave of job losses set to hit later in 2020, Reuters said. Official figures published on Wednesday also showed the …

The new support initiatives launched by the Ministry of Economy, organised by a committee chaired by Abdullah bin Touq Al Marri, Minister of Economy, with the participation of relevant authorities, are key additions to the series of incentives adopted by the UAE to support its economic sectors, and were recently …

A recent report by the Business Registration and Licensing, BRL, sector of Dubai Economy shows that the number of operating businesses in Jumeirah has reached 3,648 to date. According to a press release issued by Dubai Economy on Saturday, the licences issued according to the activities are: commercial (1,919), professional …

The Central Bank of the UAE, CBUAE, has signed an agreement with the Arab Monetary Fund, AMF, to include the UAE Dirham as a settlement currency in the Arab Regional payments clearing and settlement system called “Buna”. “Buna” is a multicurrency platform that provides clearing and settlement services of cross-border …