Press Dossier   By Date  30/12/2020
UAE reaffirms climate change commitments in Paris Agreement: Sheikh Mohammed
The UAE has reiterated its national pledges and commitments to reducing carbon emissions by 25 per cent before 2030, according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Pandemic speeds up UAE’s transition to cashless ecosystem
The Covid-19 pandemic has accelerated the UAE’s transition to a cashless society by increasing people’s trust in digital transactions and online banking, but still 63 per cent of the people in the country remain either unbanked or under-banked, a senior Dubai Economy official said on Tuesday.
Empower awards Dh1.39b worth of contracts in 2020
Emirates Central Cooling Systems Corporation (Empower) has awarded contracts worth Dh1.39 billion over the year 2020, to cover the construction of new districts cooling plants and the expansion of its district cooling networks.
Saudi and Azerbaijan clinch $300m renewable energy projects
Saudi Arabia and Azerbaijan have signed groundbreaking agreements for $300 million worth of renewable energy projects in the Caspian country.
Lawmakers warn govt against imposing taxes, raising fees
Opposition MP Abdulkarim Al-Kandari yesterday threatened to grill HH the Prime Minister Sheikh Sabah Al-Khaled Al-Sabah if the government insists on including the imposition of taxes in its program.
Saudi Arabia eyes bigger overseas investments in industrial, services sectors: minister
Saudi Arabia is looking to boost its overseas investments and expand its global footprint in several sectors including industrials and services over the coming years, said Minister of Energy Prince Abdulaziz bin Salman.
Challenges facing Oman’s economy after turbulent year
Lower crude revenues have left Oman’s finances in a precarious position and while spending cuts and additional taxes will help narrow its soaring budget deficit, the sultanate could require support from its Gulf neighbors unless oil prices rebound.
PIF launches security services company
The Public Investment Fund (PIF) on Tuesday announced the launch of the National Security Services Company (SAFE) in a move that aims to further improve and develop the private security sector in the Kingdom, the Saudi Press Agency reported.
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