SME Revival: The 20 beneficiaries revealed

Motivate Media Group, along with an expert panel, has selected 20 SMEs as the beneficiaries of the $1m initiative

UAE royal family member passes away

The President expressed his condolences

Dubai Parks to open Legoland hotel in Dec, plans to launch new record-breaking rides in 2021

Operator DXB Entertainments reported a 97 per cent year-on-year drop in revenues in Q3

How diversification can ensure sustainable growth in the GCC

Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies

Commercial Bank of Dubai

Commercial Bank of Dubai lists $600m bond on Nasdaq Dubai

The six-year bond with a 6 per cent interest rate was 2.1 times subscribed

Kuwait’s $124bn pension fund had record first-half profit

A new management team was brought into the fund in 2017 to transform the state-owned institution

DEWA water reservoir

DEWA’s Dhs175m water reservoir in Dubai nears completion

The reservoir will have a capacity of 60 million imperial gallons, with construction expected to be completed in the first half of 2021

Mubadala

Abu Dhabi’s wealth fund invests in SoftBank-backed tech startup

It invested in Reef Technology, a startup that manages hubs in parking lots used for food delivery and other services

Dubai Economy fines 3 businesses for flouting Covid-19 measures

Inspections found that 748 shops and commercial establishments fully complied with the precautionary measures

Dubai Ride

Dubai’s Sheikh Zayed Road to be converted to cycling track on November 20

Dubai Ride will allow cyclists of all abilities and experiences to ride through the city’s main highway

gavel

Financial tribunal delivers verdict against Al Masah; issues statement regarding Shailesh Dash

The tribunal noted that Shailesh Dash exhibited “a formidable mastery of the arguments”

Abu Dhabi

Covid-19: Abu Dhabi changes entry rules, two additional tests required after arrival

Abu Dhabi has made it mandatory for Covid-19 PCR tests to be undertaken on the fourth and eighth day after entering the emirate

Bahrain approves Covid-19 vaccine for frontline workers

G42-Sinopharm vaccine is nearing the end of phase three trials

Dubai’s Emirates offers unpaid leave to pilots for 12 months

The airline is implementing several initiatives such as unpaid leave and flexible work-time models across its group

GCC Covid-19 update: UAE reports 1,161 cases; 319 infections confirmed in Oman

The death toll in the UAE has risen to 505

Dubai’s flydubai to operate 14 weekly flights to Tel Aviv

Flights between Dubai and Tel Aviv will commence from November 26, 2020

Big Red. Al Badayer desert

Revealed: Top 10 natural hotspots across the UAE

Outside the urban landscape of the city, are natural outposts that pay homage to the country’s aquatic and terrestrial ecosystems

Saudi Arabia reforms labour law; grants foreign workers greater rights

New reforms will come into effect in March 2021

Exclusive: UAE-Israel Business Council co-founders on what comes next after the peace deal

The peace deal will alter the bilateral economic landscape and much more, opine co-founders Fleur Hassan Nahoum and Dorian Barak

UAE workers want hybrid working arrangements to continue post-Covid

Cisco study says 80% of UAE’s office workers want freedom to choose home or office

Key elements to restoring passenger trust in air travel

The upturn in activity and the return to economic growth will only be possible if airports find the perfect balance

Study says 83% of Emiratis want access to video conferencing apps to continue post-Covid

Study by Zoom says 69% of Emiratis expect to work from home in the future

Sharjah

Sharjah announces new Dhs512m economic stimulus package

The package was approved by the Crown Prince of Sharjah, Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, on Tuesday

Kuwait’s Jazeera Airways cuts jobs as virus slams travel demand

The low-cost airline has also renegotiated leases with all lessors

Abu Dhabi schools

Covid-19: Abu Dhabi private schools to resume campus learning for all students

Students across all grades can return to their campus at the start of their second semester in January 2021

The Emirates Golf Club in Dubai

What to expect from the upcoming OMEGA Dubai Moonlight Classic 2020

The three-day event will be held from November 4-6 at the Faldo Course within the Emirates Golf Club in Dubai

Saudi Binladin considers joint ventures and asset sales amid revamp

The company has put thousands of employees on indefinite leave in recent months

Sheikh Mohammed Covid-19 vaccine

Dubai’s Sheikh Mohammed receives Covid-19 vaccine

The ruler took to Twitter on Tuesday to share an image of him receiving the Covid-19 vaccine

Saudi Aramco maintains dividend despite 45% slump in profit

Income still increased for the first time in five quarters as oil prices steadied

Banking Tech

Here’s how regional banks can create a loyal customer base

Lenders should leverage the use of technology to understand customers’ needs and create a personalised journey for them, says IT firm Comarch