The UAE identified 424 cases of Covid-19 on Saturday, bringing the total infections to 66,617.
A further 112 patients overcame the virus, raising the recovery tally to 58,408.
And two people died, adding to a death toll of 372.
Saturday's cases were identified from 70,079 Covid-19 tests and represented an increase from the day before, which saw 391 new infections.
Friday was the first time in five days the daily number of cases in the UAE decreased. On Sunday, there were just 210 new cases but daily cases of Covid-19 more than doubled by Thursday.
The number of active cases across the country currently stands at 7,837.
Cases had been steadily rising in the UAE this week, prompting officials to warn against further measures to limit the spread of the virus.
On Thursday, the spokesman for the National Emergency Crisis and Disasters Management Authority said the UAE could bring back stay-at-home orders in some areas if case numbers continue to increase.
Dr Saif Al Dhaheri told Emarat TV that the current increase in daily infections was an indication of “complacency among the public” and urged the public to follow safety measures.
He said there would be a renewed effort to clamp down on those who breach safety measures designed to protect themselves and others. Currently, fines for non-compliance range between Dh3,000 for not wearing a face mask or physical distancing, to Dh50,000 for not adhering to mandated home quarantine.
Asked directly if the number of daily infections rising could prompt the return of the nightly national disinfection programme, Dr Al Dhaheri said: "Yes. If we found that the number of cases is increasing in a specific area, we could."
The disinfection drive, which began in March, saw the spray of sanitising mist over the country's public areas each night. The programme required everyone to stay at home between 8pm and 6am - during Ramadan this changed to 10pm and 6am - so the work could be carried out.
Residents and Emiratis could only leave home during that time in case of absolute necessity and all shops, except supermarkets and pharmacies, were closed. The stay-home order was lifted in late June.
"Today we say these figures are a result of complacency among the public, rather than a phenomenon that is widespread across the country," said Dr Al Dhaheri.
The specs
Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
Our Time Has Come
Alyssa Ayres, Oxford University Press
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
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