Emirates News Agency

6-12 month deposits surge by AED22.8 billion in seven months

2020 Sep 30 Wed, 12:58:05 am

ABU DHABI, 29th September, 2020 (WAM) -- The 6-12 month term deposits grew by AED22.8 billion, or 13 pct, during the first seven months of the year, according to the statistics of the Central Bank of the UAE, which put their current cumulative balance at AED199 bn, accounting for about 20.5 percent of the total value term deposits at UAE banks by the end of July. The growth is attributed to a rising demand over this type of deposits due to their higher returns in...

Expats' remittances amounted to AED79.6 bn in H1-2020

2020 Sep 30 Wed, 12:20:29 am

ABU DHABI, 29th September, 2020 (WAM) -- Expats' remittances from the UAE amounted to AED79.6 billion in H1-2020, according to figures released by the Central Bank of the United Arab Emirates. These account for 48.2 percent of the total money transferred by foreign residents in the country during 2019, which totaled AED165 bn Q1 saw the transfer of AED41.4 bn while AED38.2 bn was remitted in the second quarter, with 76 pct the total transferred via money exchange companies operating in the country and the...

Kuwait Amir Sheikh Sabah passes away leaving behind outstanding legacy

2020 Sep 29 Tue, 11:24:18 pm

KUWAIT, 29th September, 2020 (WAM) -- After 14 years of leading his nation through triumphs and regional and global turmoil, the late Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah passes away, leaving an outstanding legacy that will remain in the minds of the people of Kuwait, the Arab and Islamic nations, and the world. Kuwait News Agency, KUNA, said in an obituary run today that since ascending to power on January 29, 2006, the late Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah focused his journey...

Mansour bin Zayed condoles death of Amir of Kuwait

2020 Sep 29 Tue, 11:17:21 pm

ABU DHABI, 29th September, 2020 (WAM) -- H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, has expressed sincere condolences and profound sadness over the death of late Sheikh Sabah Al Ahmad Al Jaber Al Sabah, noting the late Amir of Kuwait left an outstanding legacy that will remain in the minds of the people of Kuwait, the Arab and Islamic nations, and the entire world. "We're certain that the noble family of Al Sabah, the leadership and people...

UAE chairs GCC-Russia meeting to foster cooperation, coordinate common positions

2020 Sep 29 Tue, 10:32:19 pm

ABU DHABI, 29th September, 2020 (WAM) -- The United Arab Emirates today chaired a joint ministerial meeting between the Gulf Cooperation Council (GCC) States and the Russian Federation, on the sidelines of the 75th session of the United Nations General Assembly in New York. Addressing the meeting which was held via video technology, Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, affirmed the depth of the GCC-Russia relations and the importance of further consolidating them across all fronts, notably at the economic,...

CBUAE Governor chairs 75th GCC Committee of Monetary Authorities and Central Banks’ Governors Meeting

2020 Sep 29 Tue, 10:09:31 pm

Abu Dhabi, 29th September, 2020 (WAM) -- Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE), chaired the 75th Gulf Cooperation Council (GCC) Committee of Monetary Authorities and Central Banks Governors meeting which was held today virtually. The meeting was attended by the Governors of Central Banks members of the committee and Dr. Nayef Falah Al Hajraf, Secretary General of the Gulf Cooperation Council for the Arab States. It was inaugurated by the Governor of the CBUAE with aspirations to undertake...

Rulers of Emirates send condolences on death of Amir of Kuwait

2020 Sep 29 Tue, 09:26:11 pm

SHARJAH, 29th September 2020 (WAM) - Their Highnesses the Supreme Council Members and Rulers of the Emirates have sent cables of condolences to Amir of Kuwait H.H. Sheikh Nawaf Al-Ahmad Al Jaber Al-Sabah on the death of Sheikh Sabah Al-Ahmad Al Jaber Al-Sabah. The cables were sent by H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah; H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman; H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme...

Sheikh Nawaf Al-Ahmad named Amir of Kuwait

2020 Sep 29 Tue, 09:04:51 pm

KUWAIT, 29th September, 2020 (WAM) -- His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah has been named the Amir of Kuwait after the passing of the late Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Kuwaiti government said on Tuesday. In a statement, Deputy Prime Minister, Minister of Interior and Minister of State for Cabinet Affairs Anas Al-Saleh, on behalf of the Cabinet, prayed for mercy on the soul of the deceased. The Cabinet prays for the success of the new ruler in his efforts to ensure...

Austrian Chancellor, Abdullah bin Zayed review regional, international developments

2020 Sep 29 Tue, 08:32:44 pm

VIENNA, 29th September, 2020 (WAM) -- Chancellor of Austria, Sebastian Kurz, and H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, have reviewed the prospects of advancing bilateral relations and cooperation between the two friendly nations across various fronts. This came as the Austrian leader today received the UAE top diplomat and his accompanying delegation here in a meeting that focused on the latest regional and international developments and issues of concern, including the global fight against COVID-19 and international...

‘Sharjah Sustainable City’ launches its flexible and competitive payment plans for property investment

2020 Sep 29 Tue, 08:17:53 pm

SHARJAH, 29th September, 2020 (WAM) -- Sharjah Sustainable City, a Sharjah Investment and Development Authority, Shurooq, project, has announced the launch of flexible and competitive payment plans to encourage people to own residential units in the first fully-sustainable residential community in Sharjah. The project aims at promoting the concept of social sustainability by establishing community outreach programmes that ensure a safe, healthy, and cultural lifestyle for all its residents who aspire to a better future for themselves and their families. The payment plans consist of...

Sharjah Airport International staff receive fist dose of COVID-19 vaccine: MoHAP

2020 Sep 29 Tue, 08:15:34 pm

SHARJAH, 29th September, 2020 (WAM) -- In cooperation with the Sharjah Government, the Ministry of Health and Prevention, MoHAP, revealed that front-line staff at Sharjah Airport International has received the first dose of COVID-19 vaccine. The step comes in line with the directives of the wise leadership of the UAE to provide the highest levels of safety and protection to the frontline staff members of the country’s vital sectors, including the aviation sector. Mohammed Abdullah Al-Zarouni, Director of Sharjah Medical District, who was present at...

Dubai Economy fines 10 businesses, warns 11 for violating COVID-19 guidelines

2020 Sep 29 Tue, 08:06:33 pm

DUBAI, 29th September 2020 (WAM) - The field inspection teams from the Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy conducted 664 visits and inspection tours in open markets and various shopping centres across the emirate yesterday as part of verifying compliance with the COVID-19 precautionary measures. During the tours, fines were imposed on 10 commercial establishments, eight of them for employees’ lack of commitment to wearing masks and two for breaching physical distancing guidelines. The violating establishments included four gyms in Nadd...

Dar Al Ber establishes integrated field hospital in Sudan

2020 Sep 29 Tue, 08:04:47 pm

DUBAI, 29th September, 2020 (WAM) -- Dar Al Ber Society has established an integrated field hospital in Sudan to provide relief to flood victims, alleviate their suffering and improving their health, under its relief campaign launched early September. Khalfan Khalifa Al Mazrouei, Chairman of the Board of Directors of Dar Al-Bar, said that the initiative reflects the humanitarian policy and the charitable approach of the UAE, its solidarity with the flood victims and its keenness to provide relief and stand with those affected in all...

UAE leaders offer condolences on death of Emir of Kuwait

2020 Sep 29 Tue, 07:48:19 pm

ABU DHABI, 29th September 2020 (WAM) -- President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a cable of condolences to H.H. Sheikh Nawaf Al-Ahamd Al-Sabah, Deputy Emir and Crown Prince of Kuwait, on the death of Amir of Kuwait Sheikh Sabah Al-Ahmad Al Jaber Al-Sabah. In his message, His Highness Sheikh Khalifa expressed his heartfelt condolences and solace on the death of Sheikh Sabah Al-Ahamd. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and...

Defence Affairs State Minister, Australian Ambassador discuss cooperation

2020 Sep 29 Tue, 07:13:55 pm

ABU DHABI, 29th September, 2020 (WAM) -- Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, today received Heidi Venamore, Australian Ambassador to the UAE, and her accompanying delegation. During the meeting, both sides reviewed the cooperation and between the UAE and Australia and ways to further develop them in all areas, especially in defence and the military fields. Al Bowardi and Venamore also discussed a number of regional and international issues of mutual concern. The meeting was attended by Matar Salim Al...