Economy

The United Arab Emirates has been elected for the fifth consecutive time to the International Civil Aviation Organisation, ICAO, Council. The UAE will serve its fifth term aboard the international organisation after successfully winning its re-election campaign on Tuesday, garnering 152 votes at the meetings of the ICAO’s 40th Session, …

The Indian rupee appreciated by 12 paise to 70.75 against the US dollar in early trade on Tuesday as easing crude prices strengthened investor sentiments. At the interbank foreign exchange the rupee opened at 70.75, registering a rise of 12 paise over its previous close. Against the UAE dirham, the …

The UAE will increase its federal budget by two per cent in 2020 from the current year’s Dh60.3 billion, it was announced on Sunday. The budget for the fiscal year 2019 was the largest in the UAE with zero-deficit. Last year, 42.3 per cent of the budget was allocated to …

The Sharjah Chamber of Commerce and Industry, SCCI, recently signed a Memorandum of Understanding, MoU, with Gyeonggi Business and Science Accelerator, South Korea, to improve cooperation between the two sides and establish partnerships for the benefit of businessmen and the economic sector in the emirate of Sharjah and Gyeonggi-do Province. …

Fuel prices in the UAE for month of October were announced on Sunday. Super 98 petrol will now cost Dh2.24 per litre, down from Dh2.28 a litre in September, while Special 95 will cost Dh2.12, down from Dh2.16 a litre the previous month. Diesel will be charged at Dh2.41 a …

Sat 28-09-2019 11:46 AM DEWA CEO reviews progress of Innovation Centre Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has visited the Innovation Centre project, which is part of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the …

The Department of Economic Development – Dubai has issued 12,295 electronic Memoranda of Association and 4,894 e-MoA addendums including 279 e-MoAs issued via approval to text message from 6969 since January 2019 to date. This comes in line with President His Highness Shaikh Khalifa Bin Zayed Al Nahyan Federal Decree-Law …

Germany is in close consultations with “our European and regional partners about ways forward to de-escalate the situation” in the Arabian Gulf region, a top German official told the Emirates News Agency, WAM. “Germany condemns the attacks on the two oil installations in Khurais and Abqaiq in Saudi Arabia on …

Emirates NBD on Wednesday announced that it has created E20., the UAE’s first digital business bank for entrepreneurs and small and meduim-sized Enterprises, SMEs, businesses. In a press release issued by Emirates NBD, E20. will enable start-ups, sole proprietors, freelancers, gig economy workers, fintechs and insurtechs and small-to-medium sized companies …

Seventeen UAE companies have confirmed their investment in India’s infrastructure sector in the last 12 months, an Indian minister has said. Piyush Goyal, Indian Minister of Railways and Minister of Commerce and Industry told the Emirates News Agency, WAM, that since the 6th meeting of the UAE–India High Level Joint …