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Business
Ramadan 2018: reduced working hours for private sector employees
15 May 2018
Private sector employees in the UAE will have their working days reduced by two hours during the holy month.
The announcement was made via a statement issued by Nasser Al Hamli, Minister of Human Resources and Emiratisation and in accordance with Article 65 of Federal Law No 8 of 1980.
Working hours for the public sector, which were announced on Sunday, will be from 9am to 2pm throughout Ramdan.
Companies are not required to follow the same timings as the public sector... Read More
UAE Moon-sighting committee to meet tonight
15 May 2018
The UAE's Moon-sighting committee will begin searching for the new moon tonight to determine if the first day of Ramadan is Wednesday.
Formed and chaired by the Minister of Justice, Sultan Al Badi, the committee will meet after Maghrib prayers at Abu Dhabi Judicial Department to witness the first sighting of the crescent Moon.
If a new crescent Moon is seen, Ramadan is declared to begin the following day. If a new Moon is not seen, Ramadan will be, by default, declared on... Read More
32 injured as two minibuses collide on Abu Dhabi road
14 May 2018
Thirty-two people were injured when two minibuses collided in Abu Dhabi.
The driver of one of the vehicles ran a red light and smashed into the other at 4.35pm on Sunday, police said.
The accident happened close to the Pepsi and Coca Cola factories near the Embassies District, officers said.
Brigadier Khalifa Al Khaili, director of traffic and patrols directorate, said the accident was entirely preventable.
“Investigation showed that running a red light was the... Read More
Abu Dhabi adjusts paid parking timings during Ramadan
14 May 2018
Paid parking timings in Abu Dhabi will be changed for the duration of Ramadan, the Department of Transport announced on Sunday.
Drivers can park for free around mosques during taraweeh prayers, and paid parking times will be split into two periods – from 9am to 2pm, and 9pm to 2.30am.
On Thursdays, the second period runs from 9pm until midnight. Parking will be free from 12.01am on Fridays until 8.59am on Saturdays.
Those attending taraweeh prayers are exempt, provided... Read More
Dubai Islamic Economy Development Centre signs MoU with Tatarstan Investment Development Agency at Kazan Summit 2018
14 May 2018
Dubai Islamic Economy Development Centre (DIEDC) has concluded its successful participation at the 10th Russia – Islamic World Kazan Summit that ran from 10 to 12 May.
Supported by the Federation Council of the Federal Assembly of the Russian Federation and the Government of the Republic of Tatarstan, the annual summit seeks to strengthen trade and economic, as well as scientific-technical, social and cultural ties between the Russian Federation and member states of the Organisation... Read More
DUBAI TOURISM EXPANDS GLOBAL STRATEGIC PARTNERSHIP WITH CHINESE MOBILE LEADER HUAWEI
14 May 2018
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) today met with China’s leading mobile services provider Huawei, in Shenzhen to confirm a strategic collaboration between the two entities. Consequent to the landmark Memorandum of Understanding signed in January 2018 in Dubai, allowing scope for numerous ongoing collaborations and joint campaigns between the two partners, this new agreement, further emphasises the strong commitment of both Dubai Tourism and Huawei in... Read More
Moldova opens Embassy in UAE
13 May 2018
Moldova’s Minister for Foreign Affairs and European Integration, Tudor Ulianovschi, inaugurated the Moldovan Embassy in the United Arab Emirates. The mission is set to become the 41st diplomatic mission of Moldova abroad.
The inauguration ceremony was attended by the UAE State Minister Zaki Anwar Nusseibeh, members of the Moldovan Government, representatives of diplomatic corps accredited in the UAE, business people from Moldova and UAE, as well as the representatives of the Moldovan... Read More
UAE, Moldova agree to strengthen economic cooperation during high-level forum
13 May 2018
The Dubai Chamber of Commerce and Industry hosted the UAE-Moldova Business Forum at its premises today, which was attended by a high-level Moldovan delegation led by H.E. Chiril Gaburici, the country’s Minister of Economy and Infrastructure.
H.E. Chiril Gaburiciand the Moldovan delegates were received by H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy; H.E. Majid Al Shamsi, Vice Chairman of Dubai Chamber, H.E. Mohammed Ahmed bin Abdulaziz Al Shehhi, Under-Secretary for... Read More
Emirates Group announces 2017-18 results
12 May 2018
The Emirates Group announced its 30th consecutive year of profit and steady business expansion.
Released today in its 2017-18 Annual Report, the Emirates Group posted a profit of AED 4.1 billion (US$ 1.1 billion) for the financial year ended 31 March 2018, up 67% from last year. The Group’s revenue reached AED 102.4 billion (US$ 27.9.billion), an increase of 8% over last year’s results, and the Group’s cash balance increased by 33% to AED 25.4 billion (US$ 6.9 billion) supported by... Read More
New mosque in futuristic style open in Astana
12 May 2018
The construction of the mosque and alternative sources of energy used to provide the building with electricity and heat.
The construction of the mosque started in 2016. The alternative sources used for the energy supply of the new mosque produce three times more electricity than the required volume. The new mosque was erected at the expense of charity fundraising.
“When the structural part was ready, some changes were introduced. We reduced heat consumption 61 percent and... Read More
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