UAE’s Q1 public spending rises by nearly 20 percent to $23.79 billion

• AED28.7 billion spent on employee compensation payments, compared to AED24.6 billion in the same reporting period in 2021.
• Revenues amounted to AED123.8 billion in the first quarter of 2022, an increase of 39.1 percent or equivalent to AED34.8 billion, compared to AED88.9 billion in Q1 2021.

Jordan, Canada to forge cooperation in food and water security

• Canada is expected to support the education sector and vocational and technical education in Jordan.
• The two sides agreed to renew the MoU signed in 2015 between both countries to identify the areas where Canada could support Jordan.

Qatar Chamber to promote investment in country during world cup

• Qatar Chamber General Manager Saleh bin Hamad Al Sharqi stressed the promotion of economy and investment climate.
• Bin Hamad noted FIFA WC 2022 is a key opportunity to introduce the Qatari economy and the advantages of investment in Qatar.

World’s biggest chocolate plant restarts after scare

• Zurich-based Barry Callebaut said it halted shipments and informed clients in time to prevent contaminated chocolate making its way to shops.
• It identified lecithin, added to smooth food textures, as the source of the contamination, prompting weeks of extensive cleaning.

Campaign to attract Emiratis toward private sector launched by talent council

• The campaign was launched by Emirati Talent Competitiveness Council (ETCC), which is chaired by Sheikh Mansour bin Zayed Al Nahyan and ETCC Board Chairman.
• The campaign will showcase ambitious Emiratis around the UAE working in diverse roles within the private sector.

UAE foreign ministry, ECI sign MoU to promote trade, investment

• MoFAIC and ECI agree to work together to position the UAE as an ideal destination for trade and investment
• They will highlight the UAE's stable and secure environment, investor-friendly legislation and advanced trade finance infrastructure

Tie-ups with UAE helps boost Indian farm exports by 31 percent

• Buyer-seller meets in the UAE on agricultural, food products with registered geographical indication tags helped boost India's exports
• A week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman also helped

UAE issues new guidelines for real estate transactions

• The move will help the UAE’s sustainable, evolving approach to the global fight against money laundering and terrorist financing
• The decision was made following multiple meetings and discussions among the MoE, MoJ, FIU, and other competent authorities in the UAE

Bank digitization: Customers, convenience & cost

UAE provides inflation allowance to 47,300 low-income families

• The inflation allowance is provided for food, water and electricity and fuel.
• Electricity and water subsidies will be paid to eligible categories for the inflation allowance in September.