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New UAE labour law for private sector goes into effect

The new law covers over 4.9 million private sector employees across the country

Pfizer vaccine children

Dubai opens Pfizer-BioNTech vaccine booking slots for children aged 5-11

Appointments can be booked through the DHA app or via WhatsApp

Arada Sharjah Aljada

Sharjah’s Arada awards Dhs322m construction contract to Kuwaiti contractor

The contract to build eight buildings, comprising a total of 920 homes in Aljada, was awarded to Kuwaiti contractor Mohammed Abdulmohsen Al-Kharafi & Sons

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UAE’s Aster, Novartis sign MoU to advance digital transformation, clinical research

The MoU will enable Aster to access Novartis’ advanced therapy platforms and data science to further strengthen treatment outcomes for patients in the UAE

Dubai Financial Market

Dubai Financial Market Company posts Dhs103.8m net profit for 2021, dipping 24.7% y-o-y

Total revenues in 2021 reached Dhs294.6m

dnata amsterdam

UAE’s dnata invests over EUR200m to operate cargo facility at Schiphol airport

The dnata Cargo City Amsterdam is scheduled to become operational in 2024 and will be capable of processing over 850,000 tonnes of cargo annually

Sheikh Mohammed bin Rashid Al Maktoum and Israel’s President Isaac Herzog

Israel’s President Herzog visits Expo 2020 Dubai, meets Sheikh Mohammed bin Rashid

The President visited the Expo as part of an official visit to the UAE

Dubai’s Emirates NBD’s net profit rises by 34 per cent to Dhs9.3bn in 2021

The bank’s total income was Dhs23.8bn, a 3 per cent rise over the previous year

The Arts Club Dubai

In pics: Arts Club Dubai expands, opens new fifth floor

It comprises a 23,000 sq ft rooftop terrace, a late-night lounge named Vega and a cigar lounge called Oscuro

UAE reports 2,028 Covid-19 cases, 910 recoveries

The nationwide case count has risen to 845,058

UAE corporate tax

UAE to introduce federal corporate tax on business profits from 2023

The Ministry of Finance has set a rate of 9 per cent for taxable income exceeding Dhs375,000

Abu Dhabi’s EDGE Group appoints ADQ’s group CIO as new CEO

Mansour Mohamed AlMulla is also a board member of the Abu Dhabi National Energy Company, Abu Dhabi Ports Company, Abu Dhabi Global Market, and Etihad Aviation Group

UAE reduces fuel price in August

UAE raises fuel prices for February 2022

The price of Super 98 is set to increase to Dhs2.94 next month

National Bank of Fujairah launches new account for SMEs, startups

The solution aims to extend the benefits of digital banking solutions to entrepreneurs

World’s first hydrogen-powered flying boat to be made in Dubai

The boat will be able to sail without noise, waves, or emissions

Dubai FDI

Dubai reports Dhs15.9bn of FDI in the first nine months of 2021

It ranked third globally in attracting greenfield foreign direct investments

UAe flag

UAE intercepts ballistic missile targeting country; no casualties reported

The UAE’s General Civil Aviation Authority said that there has been no impact on flights or the country’s airports

President of Israel arrives in the UAE

The president was accompanied by first lady Michal Herzog

UAE’s Etisalat completes acquisition of elGrocer

The acquisition is expected to complement Etisalat UAE’s existing marketplace services under the Smiles brand

UAE reports 2,545 Covid-19 cases, 1,320 recoveries

The nationwide case count has risen to 838,384

Trips, extra-curricular activities across Dubai’s private schools to resume from Jan 31 – KHDA

The directive also applies to early childhood centres and universities in the emirate

Seha Ettihad Heroes Healthcare Centre in Abu Dhabi

Abu Dhabi opens dedicated children’s Covid-19 vaccination centre

The Ettihad Heroes Healthcare Centre will specialise in providing Covid-19 vaccines to children aged 3 to 16 years

Dubai’s Emirates to restore flights to five African countries

All passengers travelling from the carrier’s African network with Dubai as their final destination require a 48 hour PCR test

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.

Dubai approves Dhs74.5bn Integrated Waste Management Strategy 2021-2041

The private sector’s direct contribution to the strategy is expected to amount to Dhs70.5bn

First Abu Dhabi Bank reports 19% rise in group net profit for 2021

Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase

Dubai’s Emirates Islamic’s net profit grows to Dhs823m in 2021

The bank’s profits were up 271 per cent over 2020

Covid-19 update: UAE reports 2,638 cases, 1,099 recoveries

The nationwide case count has risen to 835,839

American Medtech company Zimmer Biomet expands operations in Dubai

The Dubai office will be led by Farah Hamdan, general manager – MENAT at Zimmer Biomet

Emirates

Dubai’s Emirates signs new distribution agreement with Amadeus

The agreement offers travel agents on Amadeus access to surcharge-free Emirates content

Arif Naqvi, founder of Abraaj Capital

Dubai regulator issues Dhs497m fine on Abraaj Group founder Arif Naqvi

The DFSA alleged that Naqvi instructed and encouraged other members of Abraaj’s senior management to mislead and deceive investors and stakeholders