Press Dossier   By Date  14/01/2021
UAE’s non-oil trade hits Dh1.033 trillion during 9 months of 2020
The value of the UAE’s non-oil foreign trade reached Dh1.033 trillion during the first nine months of 2020, reflecting the sustained momentum of the country’s trade activity despite the worldwide economic turbulence caused by the pandemic.
Emirates airline sees full fleet returning to the skies this year
Emirates expects its full fleet of Airbus A380s and Boeing 777s to be in use by the end of the year as the rollout of coronavirus vaccines renews confidence in travel.
COVID-related article in Labor Law ‘no longer effective’, says Saudi ministry
The Ministry of Human Resources and Social Development (HRSD) announced Jan. 13, that Article No. 41 on the COVID-19 pandemic, which was introduced to the Labor Law, is no longer effective.
Saudi insurance firm’s board members, audit executives convicted, fined by market regulator
Some members of Weqaya Takaful and Reinsurance Co.’s board of directors, audit and executive committees were convicted and fined SR1.3 million ($350,000) in the lawsuit filed by the Capital Market Authority (CMA).
Saudi Arabia sees 55% surge in tech startup funding
Saudi Arabia recorded a 35 percent year-on-year increase in the number of investment deals in the technology startup sector last year, according to a new industry report.
Bahrain, US sign deal to establish commercial zone
The Bahraini Ministry of Industry, Commerce, and Tourism and the US Department of Commerce on Tuesday signed a memorandum of understanding (MoU) to promote bilateral business by establishing an American trade zone in Bahrain.
Saudi transport minister approved 100% Saudization of ride-hailing apps
Saleh Al-Jasser, Saudi Minister of Transport and Chairman of the Public Transport Authority (PTA), approved 100% localization of the ride-hailing activity, limiting work to nationals with respect to public and private vehicles or through facilities, according to state-run SPA.
Oman asks banks to provide easy payment methods
The Central Bank of Oman has asked all banks operating in the Sultanate to provide an easy and smooth mechanism for transferring salaries, Oman News Agency (ONA), said.
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