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ABU DHABI NEWS

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MoF Upgrades ’Emirates Gate’ System For Financial Reporting
The Ministry of Finance, MoF, has announced the launch of the upgraded version of the Emirates Gate system for government financial statistics reports.

Ministry Of Health Conducts 29,000 Additional COVID-19 Tests, Announces 518 New Cases, 91 Recoveries, And 4 Deaths
The Ministry of Health and Prevention has conducted over 29,000 additional COVID-19 tests among citizens and residents, resulting in the detection of 518 new cases among various nationalities.

British Expat Supports Ma’an’s ’Together We Are Good’
The British expat, who has lived in the UAE for 16 months, contacted Ma’an offering to provide AED500 to AED1,000 a month for families who have a reduced income because of the current health and economic challenges.

Executive Committee Issues Resolution Forming Abu Dhabi Workers Committee
The Executive Committee of the Abu Dhabi Executive Council has issued a resolution forming the Abu Dhabi Workers Committee, chaired by the Chairman of the Department of Economic Development.

ADX Grants Al Ramz Short Term Margin Trading License And Opens New Investment Opportunities
Abu Dhabi Securities Exchange (ADX), granted Al Ramz PJSC, a leading financial institution in the UAE, short-term margin license thus becoming one of the first financial institutions in the UAE to offer this offering to its customers.

FSRA Launches Regulatory Technology ’RegTech’ Initiatives
The Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, has launched three regulatory technology, RegTech, pilot initiatives.

Abu Dhabi National Takaful Offers 40% Discount To Its Customers
In its commitment to pay back to the UAE community, Abu Dhabi National Takaful company announced 40% discount on Car Insurance renewal premiums for the months of April and May effective 01 May 2020 until the end of 2020.

UAE Banks’ Required Reserves Up To AED132.6 bn In March
According to a CBUAE report, the required reserves have been steadily growing over the recent months. In December 2019, they increased to AED129.7 bn from AED126.2 bn in September same year.

Maqta Gateway Announces New Commercial Offering For Warehouse Storage
Maqta Gateway, the digital arm of Abu Dhabi Ports has announced the expansion of its digital logistics solution, Margo, with the addition of a new commercial offering for warehouse storage.

Abu Dhabi Food, Beverage Trade Totals AED1.2 Billion In January 2020
The trade in food and beverage in Abu Dhabi in January 2020 amounted to a total value of AED1.2 billion, according to a report by the Statistics Centre-Abu Dhabi on non-oil merchandise trade.

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