UAE to allow 100% foreign business ownership: Key points to note

The new decision is hoped to enhance the UAE’s attractiveness for investment and business growth

Oman returns to debt market as rally reduces borrowing costs

The sultanate raised $500m in a tap of its bonds due in 2027 and 2032

Saudi Arabia dismisses reports of Crown Prince’s meeting with Israeli officials

‘No such meeting occurred’, confirmed the kingdom’s Foreign Minister

Saudi virus

Saudi to offer Covid-19 vaccine for free to citizens and residents

The ministry aims to cover 70 per cent of the country’s population – that has not yet contracted Covid-19 – by the end of 2021

Saudi oil facility hit by Houthi projectile attack

No casualties were reported

Ajman Police reduces traffic fines by 50% to mark National Day

The relaxation will commence from December 2 and last for one month

Forgery of electronic documents in UAE could cost Dhs100,000 or more

Those who use a forged electronic document bearing knowledge of its falsification will also be punished

Foreign nationals permitted 100% business ownership in the UAE

The rule will be applicable from December 1, 2020, with businesses no longer requiring an Emirati sponsor

Gitex 2020: Pure Storage to highlight Flash portfolio

Assaad El Saadi, regional director, Middle East for Pure Storage on what to expect at GITEX

Gitex 2020: Trend Micro to showcase ‘The Art of Cybersecurity’

Trend Micro blocked 56.9 million cyber-attacks in H1 2020, new report shows

GCC Covid-19 update: UAE reports 1,065 cases, two deaths

The case count in the UAE has risen past 160,000

Dubai’s Emirates to offer free multi-risk travel insurance coverage

The cover, provided by AIG Travel, is offered to Emirates passengers at no additional cost

Professor Ammar Kaka_Provost_Heriot-Watt University Dubai copy

How school-university partnerships can strengthen the UAE’s education sector

Such collaborations offer enhanced learning for students and professional development opportunities for staff

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Emiratis can travel to Israel without a visa

The Israeli cabinet has ratified the agreement for Emiratis to visit without pre-approved visas

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Over 7,600 expats register to exit Oman as part of its initiative to waive overstay fines

The initiative, which began on November 15, runs until the end of the year

Gitex 4

Gitex 2020: Everything you need to know

The only major global tech event set to be held live next month at the Dubai World Trade Centre, Gitex will see technology and business leaders from across the world gather to set growth strategies for the future

u.ae government website

Record growth in users of official UAE government portal from January-October: TRA

It recorded a 50.73 per cent year-on-year increase over the 6.54 million users recorded in the same period in 2019

Bahrain’s Investcorp invests in India’s Xpressbees

Xpressbees has a presence across more than 2,000 towns and cities in India

G20 leaders

G20: World leaders promise to ensure equality in the race to vaccinate people for Covid-19

“There is very clear recognition from the G20 members that if we leave any country behind, we will be behind” – Saudi minister

Boeing 737 Max UAE

UAE civil aviation authority considering Boeing 737 Max return

It has established a Return to Service Committee that will coordinate with the US Federal Aviation Administration and the European Union Aviation Safety Agency

Dubai’s 3 Day Super Sale returns, massive reductions across brands

The bi-annual promotion will be held from November 26-28

Acwa power solar panels

Saudi Arabia’s Acwa Power set to raise $1bn in sukuk sale

The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan

Abu Dhabi confirms massive oil discovery, set to add Dhs160bn to the UAE’s economy

The Supreme Petroleum Council gave approvals for ADNOC to award exploration blocks in Abu Dhabi’s second competitive block bid round

GCC Covid-19 update: UAE reports 1,205 cases, four deaths

The death toll in the UAE has risen to 552

Nakheel CEO Naaman Atallah[4] copy

Dubai developer Nakheel appoints new CEO

Naaman Atallah, the former CEO of Piramal Realty in India, has been appointed to the role

Western Union buys $200m stake in Saudi Telecom unit

Western Union Co. acquired a 15 per cent stake in stc pay

national day parade emaar properties

UAE announces National Day holidays for public and private sectors

Work will resume on Sunday, December 6

Lessons learnt: How to best manage boardroom dissent online?

Shaping smart usage of online meeting chat features for sorting boardroom disputes is a work in progress, but is already proving to be invaluable

Aldar Properties’ Noya project sold within four hours of launch

The sale generated over Dhs1bn

Dubai Police

Dubai Police foil attempt to smuggle 123kg of crystal meth into the UAE

The operation codenamed “The Fridge” resulted in the security forces apprehending three gang members