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UAE-Israel trade deal to be signed next year: Envoy

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The talks between Israel and the United Arab Emirates for a robust trade deal are advancing successfully and a signing ceremony will be held next year.

This was disclosed by Israel’s new ambassador to the UAE, Amir Hayek, while talking to the state news agency.

Hayek said that the Comprehensive Economic Partnership Agreement (CEPA) will be signed within the nine-month timeframe.

During the interview, he said that the sky is the limit in relations with the UAE, adding that the CEPA is vital for enhancing the bilateral trade ties.

Hayek’s interview comes as the Federation of Israeli Chambers of Commerce has projected that trade between the UAE and Israel could surge to $1.5 billion by the end of this year. The FICC sees this trade volume at over $5 billion within two to three years.

In the meantime, the president of the UAE-Israel Business Council said that the number of Israeli companies operating in the UAE is expected to double within a year.

In July, Dorian Barak, who is also the founder of Indigo Strategic Partners, said that he expects over 1,000 Israeli companies to be active in the UAE by next July. He said the coronavirus pandemic could be the only hurdle in enhancing bilateral economic ties.

Meanwhile, the UAE’s Economy Minister Abdulla Bin Touq has said that his country is seeking to grow economic ties with Israel to more than $1 trillion over the next decade.

Speaking at a virtual conference from the US, he said that the UAE has signed over 60 memorandums of understanding (MoUs) with Israel since normalising relations in 2020.

He added that currently, the UAE and Israel are engaged in up to $700 million dollars of bilateral trade and both sides have already announced joint funds of billions of dollars.

Earlier this month, the UAE also announced plans to strengthen its trade ties with the fast-growing economies in Asia and Africa.

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UAE announces Eid prayer timings, bans open-air prayer grounds

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As the UAE prepares for Eid Al Fitr, authorities have confirmed that prayers will be held exclusively in approved mosques across the country, with no arrangements for open-air prayer grounds this year.

The move comes as part of precautionary measures aimed at ensuring the safety and smooth flow of worshippers during one of the most significant occasions in the Islamic calendar.

Mosque-only prayers for safety

Authorities clarified that Eid prayers will not take place in outdoor spaces or traditional Eid prayer grounds. Instead, worshippers are advised to attend designated mosques, where entry and exit will be carefully managed.

Teams of officials and volunteers will be deployed to oversee crowd movement and prevent congestion, ensuring an orderly and safe prayer experience.

Prayer timings across the UAE

The official prayer timings for Eid Al Fitr in the seven emirates are as follows:

  • Abu Dhabi: 6:43am
  • Dubai: 6:40am
  • Sharjah: 6:39am
  • Ajman: 6:39am
  • Umm Al Quwain: 6:39am
  • Ras Al Khaimah: 6:37am
  • Fujairah: 6:36am

Residents are encouraged to arrive early and follow guidance from authorities.

Preparing for a smooth Eid

Authorities say preparations are underway to ensure the holiday is observed safely and smoothly, with a focus on public safety and community well-being.

With clear guidelines, set timings, and coordinated efforts in place, residents across the UAE can look forward to a peaceful and well-managed Eid celebration.

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Eid Al Fitr begins on Friday in UAE as crescent moon not sighted

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The UAE has officially announced that Eid Al Fitr will begin on Friday, March 20, following the non-sighting of the Shawwal crescent moon on Wednesday evening.

The decision was made by the country’s Moon-sighting Committee, confirming that Ramadan will complete 30 days this year before the festive celebrations begin.

30 days of Ramadan

The sighting of the Shawwal crescent marks the end of Ramadan and the start of Eid Al Fitr, one of the most significant celebrations in the Islamic calendar. As the moon was not sighted, the holy month will run its full course, with Eid commencing the following day.

Public sector holidays

The Federal Authority for Government Human Resources (FAHR) has announced that public sector employees will observe the Eid break from Thursday, March 19, through Sunday, March 22. Work will resume on Monday, March 23.

Private sector holidays

The Ministry of Human Resources and Emiratisation confirmed that private sector employees will begin their Eid holidays on Thursday, March 19, lasting until Sunday, March 22.

Time for celebration

Eid Al Fitr marks the end of a month of fasting, reflection, and community, bringing families and communities together in celebration.

With the official dates confirmed, residents across the UAE can now prepare for the festivities and holiday period.

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UAE denies claims of restrictions on investor funds, reaffirms open economy policy

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The UAE has firmly dismissed reports circulating on social media that suggest restrictions on investor funds, calling the claims inaccurate and misleading.

Officials clarified that there are no limits on the movement of capital or on foreign investors’ ability to manage and transfer their money. Authorities stressed that the country remains committed to maintaining an open, business-friendly environment aligned with international standards.

Commitment to investor confidence

The Ministry of Economy and Tourism reiterated that the UAE continues to support the free flow of capital, a key pillar in attracting global investment and ensuring long-term economic stability.

Officials emphasised that policies remain unchanged, reinforcing the country’s reputation as a reliable and transparent destination for businesses and investors.

Dubai reaffirms its position

In a statement shared on X, the Dubai Media Office also rejected the circulating claims, describing them as false. It highlighted that Dubai continues to stand as a leading global hub for business and investment, supported by a strong and resilient economy.

Call for accurate information

Authorities have urged the public and media outlets to rely on official sources when seeking information, warning against the spread of unverified claims online.

The clarification comes as the UAE contåinues to strengthen its position as a global financial and investment centre, built on openness, stability, and investor confidence.

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