Abdullah bin Touq Al Marri, Minister of Economy, has said the speech of President His Highness Sheikh Mohamed bin Zayed Al Nahyan has outlined the strategic direction for the economic development in the UAE by promoting openness to the world and consolidating the principles of cooperation based on respecting common interests, achieving …
Read More »Pogačar conquers Tour de France stage 17, keeps GC hopes alive
Tadej Pogačar won his third stage in this Tour de France in a thrilling finale, crossing the finish line first on Peyragudes. The stage saw the riders face the Pyrenees again with a shark-toothed profile from Saint-Gaudens to Peyragudes over 129km. Despite UAE Team Emirates showing up at the start …
Read More »WHO warns of more COVID-19 hospitalisations and deaths due to transmissible Omicron variant
The World Health Organisation (WHO) said in the past six weeks, the global weekly number of reported cases of COVID-19 has almost doubled and warned that deaths are also increasing, but for the moment, not as rapidly as cases. “However, more cases means we can expect to see more hospitalisations …
Read More »Mohammed bin Rashid issues Decree regulating grant of ‘Musataha’ rights on commercial lands in Dubai
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Decree No. (23) of 2022 regulating the grant of ‘Musataha’ rights on commercial lands in Dubai. The Decree regulates the use of commercial lands in …
Read More »Ruler of Umm Al Qaiwain receives U.S. Consul-General
H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, today received Meghan Gregonis, United States Consul General in Dubai, who paid a courtesy visit on the occasion of assuming her new assignment. H.H. Sheikh Saud welcomed the U.S. Consul-General and wished her good …
Read More »UAE announces 1,398 new COVID-19 cases, 1,095 recoveries,1 death in last 24 hours
The Ministry of Health and Prevention (MoHAP) announced that it conducted 258,676 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and …
Read More »AED40 billion capital expenditure for electricity, water projects in Dubai in next 5 years
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA has plans to invest AED40 billion on capital expenditure in the next five years including the expansion of renewable and clean energy projects. He noted that DEWA plans to invest about AED16 billion …
Read More »UAE announces 1,378 new COVID-19 cases, 1,275 recoveries, 2 deaths in last 24 hours
The Ministry of Health and Prevention (MoHAP) announced that it conducted 232,739 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and …
Read More »Mohammed bin Rashid issues Decree introducing incentives for property investment funds in Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decree No. (22) of 2022, introducing incentives for property investment funds in Dubai. The Decree aims to enhance Dubai’s status as a global real estate investment destination and attract global property investment …
Read More »Rupee Continues To Slide, Drops Past 80 Per Dollar Mark For The First Time Ever
After hovering around the 79 per dollar mark for the past few days, the Indian currency rupee today dropped below the crucial mark of 80 per US dollar for the first time ever, taking its year-to-date fall to about 7%. The rupee hit a low of 80.0175 in early trade today, compared …
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