The Central Bank of the UAE announced that the Money Supply aggregate M1 increased by 0.3%, from AED 644.4 billion at the end of April 2021 to AED 646.4 billion at the end of May 2021, according to monetary and banking developments for May 2021 The Money Supply aggregate M2 …
Read More »Arbitration tribunal rejects Djibouti Port Company’s bid to escape contract with DP World
An Arbitral Tribunal of the London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company, Port de Djibouti S.A. (PDSA), in its dispute with DP World, confirming the unlawfulness of its effort to terminate its Joint Venture Agreement and transfer its shares to the State. PDSA is 23.5% …
Read More »Duo referred to “Misdemeanor court” for misappropriating AED 160,000
Dubai Public Prosecution has referred two defendants of Asian nationality to the misdemeanour court for defrauding the victim as they convinced her that they are bank employees and asked her to update her bank details so as not to be deprived of accessing any bank services. Therefore, she provided them …
Read More »The latest developments on COVID-19 in the UAE
The Ministry of Health and Prevention, MoHAP, announced on Monday that it conducted 238,114 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 …
Read More »Mohammed bin Rashid launches major infrastructure projects worth AED1.9 billion
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated a series of road networks and strategic development projects implemented with the aim of shortening the distance and transportation time between various regions and emirates in the country. Completed …
Read More »Global Village announces winners of Future Business Minds competition
Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, has announced the winners of its Future Business Minds competition. The latest creative outreach programme invited university students across the country to showcase their creative business ideas through unique project proposals. After careful consideration, …
Read More »5177 motorists fined for unclear number plates in 6 months
Abu Dhabi Police have issued fines for 5177 motorists during the first half of this year for hiding their licence plate data in any way, such as by carrying bicycles, or other items with which it is impossible to monitor plate numbers or distinguish the category and source. The police …
Read More »Monday’s Weather: Hot and hazy weather
The National Meteorology Center forecasts that Monday’s weather will be fair to partly cloudy in general, hot and hazy at times during the day.Low clouds will appear on the eastern coast in the morning, with the possibility of some convective clouds formation to the east by afternoon.Light to Moderete winds, …
Read More »Mohamed bin Zayed receives Tunisian President’s phone call
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a telephone call today from President Kais Saied of Tunisia. They discussed bilateral relations and ways to enhance cooperation between the two brotherly countries in all fields, …
Read More »Four international organisations rank UAE among top 20 countries in education
Hussain bin Ibrahim Al Hammadi, Minister of Education, stressed that four international organisations that specialise in monitoring global competitiveness have ranked the UAE among the top 20 countries in the field of education, according to recent international competitiveness reports, adding that this is a well deserved national achievement. The efforts …
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UAE BARQ برق الإمارات – نبضك