Category Archives: Buying & Selling

UAE Central Bank reduces reserves requirements for demand deposits by 50% during COVID-19

ABU DHABI, To mitigate the repercussions of COVID-19 pandemic, the Central Bank of the UAE, CBUAE, has decided to reduce by half the reserves requirements for demand deposits for all banks, from 14 percent to 7 percent. This will inject …

MoF organises remote workshops on the automated budget preparation system for hiring budgets

In line with its keenness to enhance the government’s financial planning and raise budget implementation efficiency, the Ministry of Finance organised remote workshops on the automated budget preparation system for hiring budgets. The workshops introduced federal authorities to the new …

ADNOC continues to drive sustainable economic value and growth for UAE during difficult period

ABU DHABI, The Abu Dhabi National Oil Company, ADNOC, is positioned to drive value for the UAE and will continue to invest responsibly to deliver on its 2030 smart growth strategy during this complex and challenging period.

Following the UAE …

RTA closes, adjusts business hours of customer centres

DUBAI, The Dubai’s Roads and Transport Authority, RTA, has announced the closure of some of its customers happiness centres and amending the business hours of others from Wednesday 1st April to 9 April 2020.

According to the plan, customers happiness …

Dubai Economy fines 3 pharmacies for price tampering

DUBAI, The Commercial Compliance and Consumer Protection, CCCP, sector at Dubai Economy has imposed fines on three pharmacies, in Jumeirah, Al Khawaneej and Mirdif, for tampering with the prices of face masks and sanitisers.

Two of the pharmacies were found …