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The Latest Breaking News from WAM

UAE Minister: Investment in Oil, Gas Ensures Energy Security

Investment needs to focus on the lowest-cost, lowest-carbon oil and gas resources, said the United Arab Emirates Industry Minister, Sultan al-Jaber, at the Munich Security Conference. "For our collective security, the world will need to continue using all energy options for a long time," he was quoted as saying according…

Asharq Al-Awsat

UAE Cabinet Approves Trading Shares of Cooperatives on Financial Markets

The United Arab Emirates approved on Thursday a decision allowing cooperative associations to list shares on the local financial markets, state news agency (WAM) reported. Headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the cabinet approved a decision on the trading of…

Asharq Al-Awsat

F&B Trade in UAE Exceeds $20 Billion in First Nine Months of 2021

Food and beverage trade in the UAE increased steadily to reach over $20 billion in the first nine months of 2021,state news agency WAM reported. The growth was supported by increasing demand and expanded efforts to enhance food security and diversify food imports, according to a new analysis from Dubai…

Asharq Al-Awsat

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UAE to Lift Gradually COVID-Related Restrictions

The United Arab Emirates will gradually lift restrictions imposed to check the spread of the COVID-19 pandemic, as the number of infections and hospitalizations has gone down, the state news agency WAM reported on Wednesday. Venues will be allowed to function at maximum capacity by mid-February, it said, citing the…

Asharq Al-Awsat

UAE's Flydubai Adds AlUla to its Network in Saudi Arabia

Flydubai, the Dubai-based airline, announced the start of flights to AlUla in Saudi Arabia, becoming the first UAE carrier to operate this route from Dubai. The carrier will also resume its operations to Yanbu growing its network in the Kingdom to six points including Dammam, Jeddah, Madinah and Riyadh, state…

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UAE Lifts Travel Ban to 12 African Countries for Vaccinated Citizens

The United Arab Emirates announced that it will lift a travel ban to 12 African countries for citizens who are fully vaccinated, state news agency WAM said on Friday. The countries include Kenya, Tanzania, Ethiopia, Nigeria, the Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia, and Zimbabwe. Fully…

Asharq Al-Awsat

UAE to Introduce Corporate Tax Next Year, Says Finance Ministry

The United Arab Emirates will introduce a corporate tax from mid-2023, the finance ministry said Monday, as the country seeks to diversify its income. The Gulf financial center will tax business profits over 375,000 AED ($102,000) at 9.0 percent from June next year, a statement said. The announcement is the…

Asharq Al-Awsat

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UAE Defenses Shoot Down Houthi Ballistic Missile Fired at Emirates

The United Arab Emirates' Ministry of Defense announced Monday that its air defense forces had intercepted and destroyed a ballistic missile launched by the terrorist Iran-backed Houthi militias in Yemen at the UAE. The ministry confirmed in a statement that "there were no casualties resulting from the attack and the…

Asharq Al-Awsat

UAE Convoy of One Million COVID-19 Vaccines Reaches Gaza

The Ministry of Health in the Gaza Strip has received a medical supplies convoy provided by the UAE, containing one million doses of the Sputnik V vaccine to fight COVID-19. The convoy arrived in the Gaza Strip through the Rafah Border Crossing, and is the largest medical support of its…

Asharq Al-Awsat

UAE Says Destroys 2 Ballistic Missiles Fired at it by Houthis in Yemen

The United Arab Emirates' Ministry of Defense announced on Monday that its air defense forces intercepted and destroyed two ballistic missiles fired by the terrorist Iran-backed Houthi militias in Yemen against the country. The ministry confirmed there were no casualties resulting from the attack, as the fragments of the ballistic…

Asharq Al-Awsat

UAE Says Reserves Right to Respond to Terrorist Attacks

The United Arab Emirates' Ministry of Foreign Affairs and International Cooperation condemned on Monday the Iran-backed Houthi militias in Yemen for carrying out an attack against the UAE. "We reiterate that those responsible for this unlawful targeting of our country will be held accountable," it said in a statement carried…

Asharq Al-Awsat

Abu Dhabi Police Suspect Drones Caused Fires, 3 Dead

The Abu Dhabi Police said Monday that a fire has caused the explosion of three petroleum tankers in ICAD 3, Mussafah, near ADNOC's storage tanks. Three people were killed and six others wounded, state news agency WAM said.

Asharq Al-Awsat

2,000 Firms from 106 Countries Start Operations at Sharjah Publishing City Free Zone

Sharjah Publishing City Free Zone (SPC Free Zone) has announced that in 2021, it witnessed impressive growth in the number of new company registrations with a total of 2,000 new companies from across 106 countries, mainly from the UK, India, Pakistan, the Philippines, and Lebanon, Emirates News Agency (WAM) reported.…

Asharq Al-Awsat

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