As many as 9,913 business licences have been issued in the UAE during the first week of 2021.
That's according to the latest data released by the Ministry of Economy's National Economic Register (NER), which highlighted "the solid confidence of local and foreign investors in the national economy" despite the challenges posed by the pandemic.
The overall progress, they explained, stems from initiatives and stimulus packages injected by the federal and local governments.
Kuwait plans to boost oil output to 2 million bpd in a week
Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.
UAE citizens, residents can now invest in government sukuk from AED 1,000
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates offers travel insurance with conflict-cover, free extension
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
DXB aims for 85% operation recovery by end of 2026
Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.
Microsoft sued by shareholders over expenses, cloud business, AI
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
