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His Highness Sheikh Saud issues a decree to reconstitute the board of directors of the uaq chamber of commerce and industry, headed by khalf ahmed mesfer

His Highness Sheikh Saud bin Rashid Al Mualla, Member of the Supreme Council and Ruler of Umm Al Quwain, issued an Emiri Decree regarding the restructuring of the Board of Directors of Umm Al Quwain Chamber of Commerce and Industry.

Decree No. 4 of 2020 stipulated that after reviewing Law No. 1 of 2007 regarding the establishment of the Umm Al Quwain Chamber of Commerce and Industry, the Chamber’s Board of Directors shall be reconstituted to include both:

Mr. Khalfan Ahmed Misfer as Chairman.

Mr. Yousef Khalfan Bin Tahnoun, Member.

Mrs. Aisha Rashid Sultan Leitim, Member.

Mr. Abdullah Hamid Bin Hamed Member.

Mr. Ali Ibrahim Bouharon, Member.

Mrs. Maryam Khalifa bin Khalaf, Member.

Mr. Ammar Rashid Saif bin Badr Al-Alili, Member.

Mr. Ahmed Obaid Ibrahim, Member.

Mr. Abdullah Saif Al-Hassawi, Member.

This decree shall be effective from the date of its issuance and will be published in the official gazette.

Monitoring Platform

The Chamber of Commerce and Industry of Umm Al Quwain works on the immediate requirement of this critical stage caused by the pandemic in-coordination with the governmental entities to ensure proper response is in place. In this regards, we are launching this platform to provide awareness on the stimulus the government announced and monitor the difficulties the companies face to enjoy the benefits of these stimulus packages. This platform will act as a source of suggestions on how to solve the difficulties faced by the companies and suggestions on new stimulus that could be evaluated and launched if the requirement is proven.

You can join via the following link:

Monitor Companies Difficulties

Troubled Companies Monitor Initiative

Umm Al Quwain Chamber represented by His Excellency / Khalfan Ahmed Mesfer – Vice President of

the Chamber and His Excellency / Abdullah Khamis Al Suwaidi – Director General of the Chamber, participated in the meeting held under the chairmanship of His Excellency the Minister of Economy / Engineer Sultan bin Saeed Al Mansouri, to discuss the initiative launched by the Ministry on the implementation of initiatives to support the economy and increase Economic incentives and faster recovery from the damage caused by the Corona pandemic. The meeting was held remotely in the presence of all the presidents and directors of the chambers of commerce, during which proposals related to the objectives of the platform launched by the ministry and its supervisory bodies and divisions and the mechanism for submitting applications by projects through this platform were discussed and proposals were presented and the importance of the role of the chambers and economic development departments in the success of this initiative.

Your suggestions are important to us

Umm Al Quwain Chamber seeks, in the light of the directives of government agencies in the country, to stand on the proposals and visions of business owners who are relevant and competent regarding supporting the business environment in these circumstances and addressing

For the effects of the Krone pandemic (Covid-19), the link has been placed

Get in touch

For the purpose of showing your suggestions and views in this regard, hoping your contribution to serve the development of business sector performance

UAQ Chamber confirms its continued participation in Expo 2020

The great and distinguished efforts made by those responsible for Expo 2020 and serious follow-up from the highest levels in our country and the interest of all countries in the world to participate in various forms make us in the Umm Al Quwain Chamber continuous in our emphasis on the continued support of business sector participation in this distinguished event and the continuation of the work team in the room on Coordination and follow-up with the relevant committees We at Umm Al Quwain Chamber are proud and honored by the continuation of our role and our contribution to Expo 2020.

Securities and Commodities Authority takes proactive steps to promote investor confidence

source:WAM

Under directives from the UAE Cabinet as part of the precautionary measures taken nationwide to stem the impact of COVID-19, the Securities and Commodities Authority, SCA, has recently taken a number of proactive steps to provide support and flexibility to domestic securities markets and promote investor confidence.

Reducing to 5 percent from 10 percent the loss thresholds triggering a stop to trading was among these initiatives, which also included the development of a mechanism to facilitate share buybacks for listed companies to ensure further support to domestic stock markets without adversely affecting the trades taking place.

SCA has also reaffirmed that short-selling practices are not in place in UAE capital markets.

All listed companies have been instructed to hold their general assembly meetings remotely via a secure remote e-voting system.

“Umm Al Quwain Economist” closes a pharmacy selling fake adulterers

source: alkhaleej

The Consumer Protection Department at the Umm Al Quwain Department of Economic Development closed a pharmacy during inspection campaigns on markets in the emirate, after discovering that there were 770 muzzled spoofs in it, and the source is unknown, does not contain the name of the country of origin, as well as not meeting the specifications and standards approved in the state
The inspection campaigns in the emirate also included the closure of two restaurants, as they did not adhere to the conditions of home delivery, during the national sterilization program, and warning 35 pharmacies in the emirate to raise prices on consumers. The department also established a direct line with inspection personnel to receive any complaints from consumers, on the number 0567304566
Juma Jassem Ahmed, Head of the Consumer Protection Department, said that the campaigns reflect the department’s keenness to achieve the ideal balance in preserving consumer rights, and not to tamper with prices, as the department carried out inspection campaigns in various regions of Umm Al Quwain, which included commercial activities, which resulted in a number of violations, It varied between non-compliance with the commitment made to the department or the instructions, conditions, and controls issued by it

UAE is the center of the digital economy in the Arab world

Source: Al-bayan

A report issued by the European Council on Foreign Relations, entitled “How can technology empower future generations in the Middle East?” The UAE is the main center of the digital economy in the Arab world, with a view to the future to become a global center for digital innovation.

The report said that the UAE seeks to diversify its economy away from energy and in the framework of this effort, Dubai has become the main axis of the digital economy in the region, at a time when it aspires to become a pioneer on a wider scale of digital transformation – as evidenced by the fact that Karim and Souq.com are taken. Amazon »The Emirate as a starting point for them.

The European Council on Foreign Relations stated that the UAE government has worked to improve the business environment, including strong investments to foster entrepreneurship.

MoHAP & MoI to Conduct ‘National Disinfection Programme’ for all public utilities, public transport over weekend

The Ministry of Health Prevention, MoHAP and the Ministry of Interior, MoI have announced, in collaboration with relevant federal and local authorities, the ‘National Disinfection Programme’ which entails complete sterilization of all public utilities, public transport, and metro services during the weekend.

The programme will begin at 08:00 PM on Thursday 26 of March and ends at 06:00 AM on Sunday 29 of March 2020.

During this period, the movement of the traffic and the public will be restricted, while public transpiration and metro services will be halted.

MoHAP urged the public to stay at home during the disinfection time and not to go out unless it’s absolutely necessary to get essential supplies, such as food and medicine, or working in vital sectors, including energy, telecommunications, health, education, security, law enforcement, military, postal service, shipping and logistics, medicines, water, food, civil aviation, airports, passports, banking & financial services, government media and the service sectors, including petrol stations and construction. The workers’ personal or work identity will be checked and verified.

Pharmacies, and food retail outlets in the UAE, including cooperative societies, grocery stores, and supermarkets, will be allowed to operate 24 hours, as per a circular issued earlier by the Ministry of Health and Prevention and the National Emergency Crisis and Disasters Management Authority, NCEMA.

The two ministries also called upon the community members to follow instructions during the sanitisation time for their safety and in compliance with the precautionary measures taken by the UAE contain the coronavirus, COVID-19.

A press briefing will be held tomorrow at 12 noon to elaborate on the national sanitization programme.

UAE is the best Arab health system

Source: Al-Bayan

UAE has the best health system in the Arab world, according to a recent report published by Step Feed.

The website said in its report that the UAE, thanks to its developed economy, the stability it enjoys, and high-quality health care, has invested heavily in its medical field over the past few years and is constantly appearing as the largest and best health care system in the region in the annual statistics.

Last year, the country’s health care system topped all Arab countries in the Legatum Prosperity Index, ranking 47th out of 167 countries around the world.

The health care system in the country is divided into “a comprehensive health service funded by the government and a rapidly developing private health sector.” The country also boasts impressive healthcare spending per person, and its hospitals have been technologically developed.

By allocating huge budgets for this vital field, the concerned authorities have made room for expansion, developing centers equipped with the latest high-tech medical devices and equipment, to deal with viral disease and providing more testing services than many local officials have allowed to expand access and develop centers equipped with the latest high-tech medical equipment.

And its advanced medical system helped to deal effectively with the “Corona” virus and allocated additional budgets to deal with this emerging epidemic and to provide more means of examination more than several countries.

Kuwait came after the Emirates, then Bahrain, Oman, and Saudi Arabia, Algeria, Jordan, Lebanon, Tunisia, Libya, Morocco, Egypt, Syria, Iraq, and Yemen.

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