The Ministry of Human Resources and Emiratisation (MoHRE) and the Ministry of Finance (MoF) said companies committed to meeting annual Emiratisation targets of 2% growth will now get a priority in tendering for government procurement contracts. The new initiative reflects the notable commitment to ensure the success of Emiratisation policies …
Read More »Biden says world leaders reach ‘historic milestone’ at COP28
US President Joe Biden welcomed the agreement reached at COP28 on Wednesday, calling it a “historic milestone”. In a statement released by the White House on Wednesday, Biden said, “At COP28, world leaders reached another historic milestone – committing, for the first time, to transition away from the fossil fuels …
Read More »CBUAE Maintains the Base Rate at 5.40%
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40%. This decision was taken following the US Federal Reserve’s announcement on 13 December to keep the Interest on Reserve Balances (IORB) unchanged. The CBUAE has …
Read More »52nd UAE Union Day shows concludes successfully
The Organising Committee of the 52nd UAE Union Day announced the successful conclusion of this year’s 52nd Union Day. Held at Expo City in Dubai, the breathtaking shows were open to the public from December 5th until the 12th and featured innovative technologies and breathtaking performances on a revolving stage …
Read More »UAE President receives Theyazin bin Haitham Al Said
President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Highness Theyazin bin Haitham Al Said, Minister of Culture, Sports, and Youth of the Sultanate of Oman, at Qasr Al Shati in Abu Dhabi. His Highness the President extended a warm welcome to His Highness Theyazin bin Haitham, …
Read More »UAE reveals details of General Policy for Sustainable Aviation Fuel
The UAE today revealed the details of the General Policy for Sustainable Aviation Fuel, recently approved by the Cabinet. Developed by the Ministry of Energy and Infrastructure (MoEI) jointly with the General Civil Aviation Authority and other stakeholders from the government and private sector, the Policy is in line with …
Read More »Fines to be imposed on workers who fail to comply with the Unemployment Insurance Scheme
The Ministry of Human Resources and Emiratisation (MoHRE) will begin collecting financial penalties from workers who remain unregistered in the Unemployment Insurance Scheme or who fail to pay their periodic instalments as per the payment schedule they selected upon registration.The legal deadline for subscribing in the system ended in October …
Read More »UAE expresses solidarity with Pakistan and offers condolences over terrorist attack victims
The UAE expressed its sincere condolences and solidarity with the Islamic Republic of Pakistan, over the victims of a terrorist attack that targeted an army base in Dera Ismail Khan district, north western Pakistan, which resulted in dozens of deaths. In a statement, the Ministry of Foreign Affairs (MoFA) affirmed …
Read More »UAE committed to its continued support of Palestinian people: Lana Nusseibeh
Ambassador Lana Nusseibeh, Assistant Minister for Political Affairs and Permanent Representative to the UN, has emphasised the UAE’s commitment to its continued support of the Palestinian people. “The UAE is committed to its continued support of the Palestinian people. Looking ahead, we confirm that our contribution to any reconstruction effort …
Read More »COP28 adopts landmark ‘UAE Consensus’ on climate change, charting a path towards a sustainable future
Representatives from 197 countries, in addition to the European Union, at the COP28 on Wednesday approved the historic “UAE Consensus” on climate change, which puts the world on the right track to protect humanity and the planet.
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