News

Driven by a buying spree targeting property, banking and logistics blue chips, much of which happened in the last hour of trading in today’s session, the UAE stock markets closed in the green Thursday, with Abu Dhabi’s main index touching 3,758 points, 0.35 percent up over the last session of …

The Ministry of Climate Change and Environment, MOCCAE, on Thursday announced that it will suspend the Ministerial Decision No. 501 of 2015 that regulates the fishing and trade of Arabian safi (rabbitfish) and sheri (emperor) for the remainder of the ban period, and consequently lift the annual fishing and trade …

President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued a federal decree for 2020 appointing Abdulhamid Saeed as Governor of the UAE Central Bank. With more than 35 years of experience in the banking and financial services, Saeed held key positions as a board member of the First Abu …

The Gulf Cooperation Council, GCC, Committee of Governors of Monetary Institutions and Central Banks – chaired by Mubarak Rashid Al Mansouri, Governor of the Central Bank of the UAE – yesterday held its 74th meeting remotely through videoconferencing. The meeting was attended by the governors of GCC monetary foundations and …

Abu Dhabi Police calls on the public to refrain from publishing and circulating rumours on social media as some people promot fake news which affects the public opinion. Spreading rumors is a crime punishable by law, leading to imprisonment for a period not less than a year. Rumor-mongers take advantage …

Fujairah Court of Appeal looked into the case of a Gulf woman who had been charged of physically assulating her husband and breaking his fingers after slamming them in the door during a brawl, which ended with both being injured. The Court of First Instance sentenced the couple to one …

Dr. Tariq Sultan bin Khadim, member of the Executive Council of the Sharjah emirate and head of the Human Resources Department: According to the higher directives … the “remote work” system continues until further notice for Sharjah government employees except for the employees whose job duties require their presence at …

The Ministry of Education, MoE, has banned until further notice all forms of remedial tutoring offered to students at private entities, residences, and educational institutions. Remote learning offered to students is exempted from this rule. The Ministry said the decision was taken as part of preventative and precautionary measures against …

The SCA launches a series of decisions to support the financial markets in the country, and to facilitate its transactions; including: reducing the maximum daily decline in the shares from 10% to 5%, and developing a mechanism to repurchase listed companies of their shares in order to faciliate the controls …

Sheikh Ahmed bin Saeed Al Maktoum is president of the Dubai Civil Aviation Authority, CEO and chairman of the Emirates Group confirms that Emirates Airlines has obtained the approval of the competent authorities in the UAE to start operating a number of passenger flights starting from April 6. His Highness …