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United Arab Emirates

UAE ready to boost UN cooperation on Yemen

The UAE is committed to maintaining and accelerating its cooperation and coordination with the United Nations and other international organisations to boost humanitarian relief and contingency planning in Yemen, said Ambassador Lana Zaki Nusseibeh, UAE’s Permanent Representative to the United Nations in New York. Ambassador Nusseibeh made the remarks while …

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Dubai Cares launches Dh3.4m programme in Zimbabwe

Dubai Cares, part of the Mohammad Bin Rashid Al Maktoum Global Initiatives, has launched a new programme in Zimbabwe titled ‘WASH UP! Girl Talk’, in partnership with Sesame Workshop. The Dh3.4-million ($952,000) programme aims to empower primary school-aged children to practise and promote healthy water, sanitation and hygiene (WASH) behaviour, …

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The changing face of UAE business

Last week’s announcement that private firms would no longer have to provide a Dh3,000 bank guarantee to recruit each new employee is just the latest of a series of measures aimed at transforming the UAE’s economy. The packages announced this year are an indication that the objectives announced in a …

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SCA to investigate Abraaj for local investor impact

The UAE’s Securities and Commodities Authority (SCA) is investigating whether any local investors are affected due to the current financial problems being faced by the private equity firm Abraaj, according to a top executive. Dubai-based Abraaj is currently facing allegations that investment funds were misused, specially that it commingled about …

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UAE financial markets poised for take off

The UAE’s financial markets are solid and will take off again in terms of liquidity and volume of trading due to positive indications from the government and an improvement in the economy, the chief executive of the Securities & Commodities Authority (SCA) said. “I am optimistic because of the incentives …

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