Press Dossier   By Date  01/09/2021
UAE Circular Economy Council reviews progress on policy implementation, scales up transition to circularity
The UAE Circular Economy Council held its second meeting of 2021on Tuesday. The members of the council reviewed the progress made thus far in the implementation of the UAE Circular Economy Policy 2021-2031, and highlighted initiatives from the public and private sector to drive the UAE’s circularity.
Easing provisions drive solid recovery in UAE banks’ profits
Profits at large UAE banks surged during the first six months of 2021 after a modest improvement in the operating environment led to lower loan-loss provisions, Moody’s Investor Service said.
New federal decree to increase accountability of ministers, officials
A federal decree issued in the UAE will enhance transparency in government by holding ministers and senior officials accountable for wrongdoing.
Lawyer’s licence cancelled for seeking 25% of Dh3 million awarded as compensation
An Abu Dhabi-based lawyer’s license has been cancelled for taking a cut from Dh3 million awarded as compensation in a medical negligence case. The law requires lawyers to charge a fixed fee instead of a percentage from claims.
July remittances drop 7% in Saudi Arabia, but industry optimism remains intact
Saudi Arabia saw a seven percent drop in personal transfers by non-Saudis in July, according to latest central bank figures, but optimism for the remittance industry is strong.
US Honeywell to help Saudi MEPC localize repair of military equipment, GAMI says
Saudi Arabia’s General Authority of Military Industries (GAMI) on Tuesday said the Middle East Propulsion Co. and Honeywell signed a deal to localize the repair and overhaul of a turbine engine used in battle tanks.
Saudi Real Estate digital exchange to launch in Q4 2021, says MoJ official
A digital platform for buying and selling Saudi real estate that will launch before the end of this year will reduce errors, while increasing fairness, speed, and efficiency of property transactions.
Saudi Cabinet approves MoU on establishment of Saudi-Oman Coordination Council
The Saudi Cabinet chaired by King Salman on Tuesday approved a memorandum of understanding regarding the establishment of the Saudi-Omani Coordination Council.
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