Saudi non-oil private sector business activity improves to highest in 8 months

However, employment numbers dropped at the fastest rate since June

Dubai’s Alcazar Energy weighs sale, green bond as part of review

The company had begun reviewing its options at the start of the year

Oman airport

Over 75% of visitors to Oman show Covid-19 symptoms within 7 days

All travellers to Oman will be required to undergo a Covid-19 test seven days after their arrival into the country

Sharjah Book Authority

Sharjah Book Authority launches new literary agency to stimulate Arabic publishing market

The Sharjah International Literary Agency will promote Arabic literary and cultural content globally

Khalifa university

Research team at UAE’s Khalifa University manufacture reusable 3D-printed facemasks

A prototype has been printed and assessments will be performed on it before it receives the necessary approvals

Oman

Oman plans to levy income tax on wealthy individuals starting 2022

The International Monetary Fund sees Oman’s economy shrinking 10 per cent this year

Nasdaq Dubai

Private sector arm of Islamic Development Bank, ICD, lists $600m sukuk on Nasdaq Dubai

The five-year sukuk was oversubscribed nearly three times

Mubadala acquires stake in Abu Dhabi-based AI specialist G42

Mubadala will integrate two of its entities, Injazat and Khazna, into G42

UAE businesses don’t know what one-third of their data is: Veritas study

UAE businesses could face fines as DIFC data protection law takes effect

Covid-19

Covid-19: UAE reports 1,234 cases, 1,516 recoveries

The total number of cases detected thus far in the UAE stands at 135,141

Tesla Electric Vehicle

The rise of electric mobility in the Middle East – time to make the switch?

The International Energy Agency’s Global EV Outlook 2020 report found that sales of electric vehicles topped 2.1 million globally in 2019

Key mandates financial services firms must deliver on

These three requirements are a must for the ‘new tomorrow’ in financial services

ADIA, PIF invest $1bn in Reliance’s fiber-optic assets

Both ADIA and PIF are repeat investors in Ambani’s conglomerate after plowing billions in his digital and retail units earlier this year

Saudi tourism megaproject near to closing $3.7bn loan

The Red Sea Development Co. project, owned by the kingdom’s Public Investment Fund, is the biggest leisure development, spanning over 10,000 square miles

Saeed Hamad Obaid Al Dhaheri

Abu Dhabi Securities Exchange appoints new CEO

He was formerly appointed as CEO of Abu Dhabi National Energy (TAQA)

UAE’s National Centre of Meteorology issues fog alert

The UAE recorded its lowest temperature of 13.7°C in Damtha at 4.30am local time today

Expo Centre Sharjah delays SteelFab event to June 2021

The 17th edition of the event was scheduled to be held in January 2021

Ajman

Weddings and social events permitted to resume in Ajman

Effective November 1, these events can be held in halls, hotels and private homes too

Sheikh Mohammed bin Rashid Al Maktoum

UAE cabinet approves Dhs58bn budget for 2021

The new federal budget is 5.2 per cent lower than the 2020 figure of Dhs61.35bn

GCC Covid-19 update: UAE reports 1,278 cases, 1,606 recoveries

The death toll in the UAE has risen to 496

Patrik Lang Bank Julius Baer

Why the head of Equity Research at Bank Julius Baer remains bullish on the markets

Swiss wealth manager Bank Julius Baer’s head of Equity Research, Patrik Lang, provides an overview of the current investment landscape

Saudi Arabia Makkah

Video: Man drives car into Grand Mosque in Makkah

The Saudi national has been referred to the Public Prosecution

UAE-Japan

Japan imports nearly a third of its crude oil in September from the UAE

Japan imported a total of 64.212 million barrels of crude from around the world in September

Drugs Dubai Police

Dubai Police foil plot to sell 40kgs of drugs in the UAE

They arrested two Asians as part of the operation named Black Bag

UAE minister of cabinet affairs receives first dose of Covid-19 vaccine

The UAE has reported a total of 132,629 Covid-19 infections since the virus first broke out across the country

Sheikh Mohammed bin Rashid Al Maktoum Dubai

Sheikh Mohammed reviews Dhs6.6bn upcoming environmental sustainability projects in Dubai

It includes the construction of a Dhs4bn Dubai Centre for Waste Processing and a Dhs2bn Green Dubai Park Project

UAE joins Global Ocean Alliance to achieve 30by30 conservation target

The UAE is the first Middle Eastern country to endorse the target

HPE commits to regional transformation with the Digital Life Garage

A business accelerator based on co-innovation will bring together government, researchers, tech companies and partners

UAE Golden Visa - Getty Images

Building back: Is Dubai’s real estate market rising again?

The emirate’s real estate sector has witnessed signs of a rebound in the wake of easing Covid-19 restrictions

Growing environmental concerns of increasing electronic waste

The increased use of electronic devices has led to an incredible amount of e-waste that merits urgent attention