The UAE today enjoys a leading position at regional and international levels.
Inayat-ur-Rahman, Deputy Business Editor
The UAE has become a symbol of prosperity and achievements in the past 49 years. Today the adorable country is celebrating its 49th National Day.
The 49th National Day is a glorious occasion that makes everyone living in the UAE feel proud of the country’s achievements. Wesam Lootah, CEO of the Smart Dubai Government Establishment, told Gulf Today
To mitigate the repercussions of COVID-19 pandemic, the UAE Central Bank (CBUAE) has decided to reduce by half the reserves requirements for demand deposits for all banks, from 14 per cent to 7 per cent.
The number of economic incentives launched by the Federal Government and local governments in the country’s emirates exceeded 100 over 45 days, as per a survey conducted by the Federal Competitiveness and Statistics Authority.
These incentives include providing banking facilities to various economic sectors and small and medium-sized enterprises, SME, in addition to individuals, as well as granting exemptions, postponing dues and opening other related facilities, which will result in positive outcomes during the second quarter of 2020.
The Ajman Chamber of Commerce and Industry (ACCI) organised a brainstorming session under the title “The Year of Preparation for the Fifty”. The session aimed at enhancing the involvement of the Chamber’s employees in proposing ideas,
Brent crude futures climbed 19 cents, or 0.3%, to $56.10 a barrel while US West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.4%, to $52.81 a barrel.
Spot gold was down 0.1% to $1,849.16 per ounce while US gold futures eased 0.2% to $1,847.50.
The UAE has succeeded in providing all public and private services, which greatly contributed to mitigating the expected impact of the pandemic on the real estate sector, thanks to the proactive measures of the government, says Binghatti.