June 17th, 2019 | 0 commentsH.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, today met with Demetris Syllouris, the President of the Cypriot Parliament, and reviewed the prospects for advancing cooperation between the two friendly countries. The UAE's top diplomat, now on a visit to Cyprus, affirmed, during the mee...
June 17th, 2019 | 0 commentsHis Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today received a phone call from President of Indonesia, Joko Widodo, on ways to enhance bilateral relations. The two leaders discussed the latest regional and international developments of mutual concern. They...
June 17th, 2019 | 0 commentsJebel Ali Free Zone (Jafza) has decided to offer facilities to obtain long term visas for its customers to attract various competencies to the UAE. Under Jafza’s initiative, investors, entrepreneurs, and specialised talents are eligible for a five or ten-year visas that are renewable based on specific profiles and criteria. "Nurturing and...
June 17th, 2019 | 0 commentsDubai Electricity and Water Authority (DEWA) has issued a bid for the 5th phase of Mohammed bin Rashid Al Maktoum Solar Park to generate 900 megawatts (MW) of electricity using photovoltaic solar panels, based on the Independent Power Project (IPP) model. The project supports the objectives of the Dubai Clean Energy Strategy 2050, which a...
June 17th, 2019 | 0 commentsThe Dubai Financial Market (DFM) closed Sunday’s trading session with negative performance, for the third session in a row, dragged by selective purchases on leading stocks. The DFM’s general index declined 0.72%, or 18.97 points, ending the first session of the week at 2,614.03 points. Turnover amounted to AED 102.8 million after...
June 17th, 2019 | 0 commentsThe Abu Dhabi Securities Exchange (ADX) ended Sunday’s trading session in red territory, pressured by blue-chip stocks. The general index inched down 0.17%, ending the first session of this week at 4,955.26 points. Turnover amounted to AED 50.927 million after 41.62 million shares exchanged hands. By the end of the session, market capital...
June 17th, 2019 | 0 commentsRas Al Khaimah Cement Company (RAK Cement) has appointed Al Ramz Capital, a subsidiary of Al-Ramz Corporation Investment and Development, as a Liquidity Provider. RAK Cement took the decision after receiving the approval of the Abu Dhabi Securities Exchange (ADX), according to the ADX’s statement on Sunday. Under the agreement, Al Ramz Ca...
June 13th, 2019 | 0 commentsThe UAE and Germany have reaffirmed their joint commitment to the fight against terrorism and violent extremism, in all its forms, at both regional and international levels. In a joint statement issued today on the occasion of the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Comman...
June 13th, 2019 | 0 commentsIn his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a new Employment Law for the Dubai International Financial Centre, DIFC. The newly-enacted Law No. 02 of 2019 compliments the DIFC’s commitment to international best practice, addressing key issue...
June 13th, 2019 | 0 commentsThe non-oil foreign trade in the emirate of Dubai valued at AED 339 billion in the first quarter of 2019, up 7% year-on-year from AED 316 billion, state-run agency Emirates News Agency (WAM) reported, citing Dubai customs. Exports rose by 30% year-on-year in Q1-19, recording AED 42 billion, while re-exports increased by 7% to AED106 billi...
