KBBO hires restructuring expert for $2bn debt revamp

The privately-held investment firm with assets in health care and food named Bruno Navarro as its chief restructuring officer

Dubai

Non-oil trade between Dubai and Saudi Arabia amounted to Dhs500bn over last decade

In H1 2020 alone, Dubai’s external trade with Saudi reached Dh24bn

GCC Covid-19 update: UAE reports 852 cases; 719 infections confirmed in Kuwait

The death toll in the UAE stands at 405

US Pavilion Expo 2020 Dubai

Expo 2020 Dubai: UAE contributes $60m for US pavilion construction

The construction of the pavilion is expected to be completed by November

hajj 6 Saudi

Saudi to resume Umrah and visits to the Grand Mosque in phases

The first phase will begin on October 4, with international visitors expected to be allowed from November

Unit 1 of Barakah nuclear energy plant achieves 50% production capacity

This follows the synchronisation of Unit 1 to the national power grid in August

Light and water show ‘Imagine’ returns to Dubai Festival City

The show will be relaunched on September 24 to celebrate the start of Dubai Home Festival retail event

Abu Dhabi students in grade 6 and above will have 100% distance learning

An exception will be made for students in grades 9 to 12 who need to take international exams for universities

twofour54 Abu Dhabi

CNN opens first training academy for journalists in Abu Dhabi

Starting January 2021, the academy will offer a full-time five-week course with a combination of online learning sessions and in-person workshops at CNN

Sharjah private schools

Sharjah private schools to permit campus attendance from September 27

The Sharjah Private Education Authority made the announcement via its social media channels

Wine glasses

Abu Dhabi scraps need for individual alcohol licence

Residents and tourists will be permitted to buy and possess alcohol from licenced retail shops

Huawei appoints new Middle East head for cloud and AI business

Li Shi will oversee the expansion of the group’s regional product and solution portfolio

Health officials in UAE receive first dose of Covid-19 vaccine

The health ministry has also started administering the vaccine to medical and nursing staff at Al Qassimi Hospital for Women and Children

Abu_Dhabi_Skyline

Abu Dhabi denies reports of changes to rules surrounding entry into the emirate

The authorities urged the public to rely only on official sources of information

Oil holds losses near $40 amid deteriorating demand outlook

Prices jumped 10 per cent last week after Saudi Arabia indicated it would defend the market

KUWAIT-INDIA-HEALTH-VIRUS amnesty

Kuwait’s National Assembly panel passes law to reduce expat numbers

The draft law gives the government six months to determine the number of expats needed by the country

Nearly 50% residents in the region intend to move houses in next 12 months due to pandemic

Apartments are the most widely adopted form of accommodation in the region

Abu Dhabi and Israel to cooperate on film and TV content production

A regional annual film festival will be held in rotation between Abu Dhabi and Tel Aviv

Dubai safari lion

Video: Dubai Safari Park set to reopen in October

The park features a group of new animals, including African elephants and giraffes

Dubai closes café; fines 9 businesses and warns 6 for violating Covid-19 measures

As many as 668 shops and commercial establishments were found to have complied with the precautionary measures

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Saudi Arabia mulls plan to resume Umrah pilgrimage in phases

In the first phase, Saudi citizens and expatriates residing in the kingdom will be allowed to undertake the Umrah

DP World, Bank Leumi to explore Israel logistics investments

The UAE last week signed an agreement to move toward establishing normal ties with Israel

NASA to train four Emirati astronauts for future missions

The programme created as part of the new partnership includes the same elements and modules featured in the training of NASA astronauts

Dubai scraps traffic fines discount scheme

Drivers who have already received the discounts will be able to retain them

Ajman announces new remote working policy for government staff

Employees on probation and those who need to be physically present in their offices will not be part of the new work system

Dubai’s Emirates to resume passenger operations to two more cities in October

The airline’s passenger network will scale to 89 destinations in October

American University of Sharjah students win this year’s James Dyson Award UAE edition

Touch smart ring identifies colour of clothing or can read the small text on a label

Dubai’s Emirates Islamic closes $500m sukuk issuance

Bank ABC, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, and HSBC, among others acted as joint lead managers and bookrunners for the transaction

Dubai’s ICD Brookfield Place receives first set of tenants

Tenants include the likes of Julius Baer, Natixis, Latham & Watkins, and Akin Gump, among others

Abu Dhabi’s ADQ acquires 22% of courier firm Aramex

The shares were acquired through a series of on-market transactions and through an off-market special deal