Dubai Ruler issues decree forming Board of Trustees of UAE Water Aid Foundation gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said in a Tweet on Saturday that foreign direct investment (FDI) into the country rose 44 per cent in 2020. Despite the UN s estimates that global foreign direct investment flows decreased by 42% in 2020 over COVID-19, the UAE witnessed 44% growth in FDI flows in 2020, compared to 2019, to reach AED73 billion, tweeted Sheikh Mohammed. Good crisis management is a guaranteed investment, he added.
The FDI inflows to the UAE grew 44.2 per cent in 2020 to $19.88 billion as compared to 2019, despite the fallout of the COVID-19 pandemic which has taken its toll on the global economy, according to a report by the Ministry of Economy.
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Law No. (8) of 2021 on the Dubai Government’s Human Resources Management for Chief Executive Officers.
The new Law is applicable to civil CEOs working in all departments subject to Dubai Government’s Human Resources Management Law No. (8) of 2018. The new Law is valid from its date of issuance and will be published in the Official Gazette.
Sheikh Mohammed also issued Law No. (10) of 2021 partially amending Law No. (8) of 2013 concerning Dubai Government’s Human Resources Management for Director Generals. The new Law is valid from its date of issuance and will be published in the Official Gazette.
An auction of artworks in Dubai, which included pieces from Pablo Picasso, Salvador Dali, and Nelson Mandela, has raised €8.2 million for charity.
The event, held at the Mandarin Oriental Jumeirah hotel on April 24, saw art-loving philanthropists dig deep into their pockets to support the 100 Million Meals campaign.
The initiative is the biggest food drive in the MENA region and, as its name suggests, aims to provide 100 million meals for disadvantaged individuals and families in 20 different countries.
The auction was streamed live online and bidding was also carried out remotely.
As well as works from legendary artists pieces from iconic individuals not best known for their artistry were featured in the action.