Covid-19 update: UAE reports 2,043 cases, 10 deaths

The health ministry also reported 2,200 recoveries in the last 24 hours

Covid-19 PCR test

Covid-19 PCR tests to now cost Dhs65 in Abu Dhabi

The same tests would previously cost Dhs85 in the capital emirate

Free parking announced in Dubai for three days

The directive is effective, starting Thursday, March 25

Oil bounces back as US supply report hints at demand revival

A US inventory report showed domestic fuel consumption is at the highest in four months

Emirates Dubai Nigeria

Emirates indefinitely suspends all flights between Dubai and Nigeria

Customers who have been to or connected through Nigeria in the last 14 days are not permitted to board from any other point to the UAE

Abu Dhabi Commercial Bank recommends Dhs1.878bn in cash dividends for 2020

The dividend payout equals to 49 per cent of the lender’s net profit for 2020

Dubai UAE

Notifications of parking violations in Dubai to be digital-only from March 28

Those found erring will receive a notification of their fines via an email and SMS

Top UAE power producer joins global peers in renewables push

About 30 per cent of Taqa’s total generation will be made up of solar or wind plants

Abu Dhabi’s Mubadala to invest £800m in UK life sciences sector

Joint investment programme with UK govt to devote £1bn to the sector

Covid-19 update: UAE reports 2,196 cases, 5 deaths

The nationwide case count has now risen to 446,594

Dubai Expo’s sustainability pavilion to be closed during mourning period for Sheikh Hamdan

The dates for re-opening of the pavilion will be confirmed in due course

Dubai declares 10-day mourning, suspends government work for 3 days over Sheikh Hamdan’s demise

Flags will be flown at half-mast during the mourning period

Sheikh Hamdan bin Rashid Al Maktoum

Sheikh Hamdan bin Rashid, Deputy Ruler of Dubai, passes away

Sheikh Hamdan held the position of ‎Minister of Finance since the first formation of the Cabinet on December 9, 1971

Abu Dhabi’s Technology Innovation Institute to build UAE’s first quantum computer

TII’s Quantum Research Centre will use the same technology that Google and IBM use to build their quantum computers

Sibylle Arnold-Shish, The Cobbler

Dubai-based The Cobbler specialises in repairing luxury bags and shoes

Sibylle Arnold-Shish, founder of The Cobbler, provides an overview of the business – including its bespoke shoe division

UAE Indonesia

UAE to invest $10bn in Indonesia’s sovereign wealth fund

The investments will focus on strategic sectors in Indonesia, including infrastructure, roads, ports, tourism and agriculture, among others

Abu Dhabi private equity firm buys two US healthtech companies

Besides health care, Gulf Capital focuses on sectors such as technology and payments, business services and sustainability

Sharjah Alef Group Al Mamsha

Sharjah’s Alef Group begins construction on Dhs213m Al Mamsha Phase 3

The development includes 612 residential units spread over six buildings and retails space that spans 1,852 square meters

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed restructures Dubai government; approves five-year foreign trade plan

Three new chambers of commerce will be created and the five-year plan seeks to increase Dubai’s foreign trade from Dhs1.4 trillion to Dhs2 trillion

Sacha Jafri The Journey of Humanity

World’s largest canvas painting by Sacha Jafri sold in Dubai for $62m

Originally, it was meant to be sectioned into 70 pieces and auctioned throughout 2021

Packaging firm Al Bayader invests Dhs200m in Dubai facility to expand manufacturing capacity

The expanded plant doubles its production capacity to 18,000 tonnes per annum to enable Al Bayader to export its products

Malware infections in the UAE decreased slightly in 2020: Kaspersky

Banking trojans rise sharply as Covid-19 boosts e-commerce

Banque Saudi Fransi picks Finastra to automate treasury and trading ops

Bank can connect to Finastra’s open platform which is in line with SAMA’s Open Banking initiative

UAE reports 2,172 Covid-19 infections; nationwide case count crosses 444,000

A total of 2,348 people have recovered in the past 24 hours

Dubai eyes its second IPO in three years with Tristar listing

The company plans to offer up to 24 per cent of its shares in the IPO

Telegram Messaging App

Mubadala, Abu Dhabi Catalyst Partners invest $150m in messenging app Telegram

Telegram, with its global headquarters located in the UAE, has over 500 million monthly active users

Dubai partners with Magzter to introduce world’s first ‘smart reading airport’

Customers have free access to over 7,000 titles

Kuwait city

Kuwait eases Covid-19 restrictions, exempts vaccinated arrivals from institutional quarantine

The nightly curfew timing has been reduced by one hour

Ajman Covid-19 Testing Vaccination

New mobile Covid-19 testing and vaccination centre opens in Ajman

The centre has already begun receiving Emiratis and residents in Ajman, and the 12 mobile units will cover several regions across the emirate

Kuwait aircraft lessor cuts purchases as virus weighs on travel

Alafco continues to divest aircraft that fall short of fuel efficiency and revenue criteria