ADX becomes a PJSC fully owned by ADQ
ABU DHABI 25 March 2020: President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, issued a law regulating the legal status of Abu Dhabi Securities Market, turning […]
Business
Abu Dhabi to get first bulk liquid storage terminal
ABU DHABI 24 March 2020: Abu Dhabi Ports has signed a strategic agreement with Saudi-based Arabian Chemical Terminals (ACT), that will see the development of the emirate’s first greenfield commercial bulk liquid storage terminal at […]
UAE approves additional Dh16 billion stimulus
DUBAI 23 March 2020: The UAE Cabinet has approved an Dh16 billion economic stimulus package as part of the Federal Government’s additional measures to support the national economy, ensure businesses continuity, and mitigate the coronavirus […]
First student-built UAE satellite launch in June
RAS AL KHAIMAH 23 March 2020: A satellite that the American University of Ras Al Khaimah (Aurak), students are helping to develop, build and test is planned to be launched on a Soyuz-2 rocket from […]
Discounted disinfection service for homes, businesses coming
ABU DHABI 23 March 2020: Khidmah, Aldar Properties’ wholly owned facilities management business, announced that it will be offering discounted disinfection and sanitisation services for homes and businesses across Abu Dhabi. The discounted services are […]
UAE cuts restaurant dining to 20%, closes theatres
ABU DHABI 22 March 2020: The Ministry of Health and Prevention and the National Emergency Crisis and Disasters Management Authority have announced the closure starting today [Sunday], of public and private beaches, parks, swimming pools, […]
UAE tycoon donates Dh10m for Covid-19 steps
DUBAI 21 March 2020: The UAE business community continues to extend support to the country’s efforts to combat the novel Coronavirus (Covid-19) through various contributions and initiatives. In a significant philanthropic gesture, Emirati businessman Abdul […]
Business groups begin Covid-19 impact relief
Al Futtaim Group Dh 100m fund for mall tenants UAE 20 March 2020: Leading Dubai-based conglomerate Al Futtaim Group yesterday announced a fund of Dh100 million to help its mall tenants in Dubai Festival City […]
Clients, heirs can claim ‘Dormant Account’ balances
ABU DHABI 19 March 2020: The Central Bank of the UAE has announced the issuance of the ‘Dormant Accounts Regulation’. This regulation applies to all banks operating in the UAE. The purpose of the regulation […]
Mubadala sells 39% stake in Borealis to OMV for $4.68bn
ABU DHABI 18 March 2020: Mubadala Investment Company and OMV – the international integrated oil and gas company headquartered in Vienna – have signed an agreement that will give OMV a majority stake in Borealis, […]