Covid-19

UAE reports 1,312 Covid-19 cases; Dubai issues guidelines for social interactions

The Ministry of Health and Prevention confirmed that there were also 1,500 new recoveries

Abu Dhabi Commercial Bank ADCB

UAE’s ADCB posts Q3 2020 net profit of Dhs1.3bn; down 3% y-on-y

It reported a nine-month net profit from January-September 2020 of Dhs2.802bn, down 33 per cent compared to Dhs4.196bn in the corresponding period last year

Etihad

UAE’s Etihad issues $600m sustainability-linked sukuk

The airline has committed to net zero carbon emissions by 2050 and a 50 per cent reduction in net emissions by 2035

Oman

Oman planning its biggest property trust IPO

Oman REIT Fund is planning an initial public offering that could raise about $100m

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed announces plans to build new satellite in Dubai

Expected to launch in 2023, the MBZ-SAT will be the second satellite to be built by an all-Emirati team

John-Cleese

Legendary actor John Cleese is in Dubai… and he is looking for a job

The 81-year-old actor is available for addressing events and conducting bespoke sessions in the emirate. Here’s how you can book his time

UAE announces fuel prices for November 2020

Prices will remain unchanged for the eighth consecutive month

Dubai’s NBF posts 87% dip in net profit for first nine months of 2020

Its operating profit of Dhs707.3m for Q1-Q3 2020 plummeted from Dhs862.3m during the same period last year

Covid-19 update: UAE reports 1,400 new cases, 2,189 recoveries

The recoveries were the second highest daily figure reported since the virus first broke out in the country

Dubai’s flydubai resumes operations to Maldives; passenger network grows to 44 destinations

Flydubai will operate daily flights to Maldives from December 17, 2020, through to January 18, 2021

Saudi exchange triples daily trading limits for new listings

Starting November 8, newly listed stocks will be allowed to rise or fall 30 per cent on their first three days of trading

LLB_Headquarters_Vaduz

Here’s how European private bank LLB is looking to grow in the GCC

Gulf Business speaks to Ludovic Pernot, head of Private Banking Middle East at LLB, on the Covid crisis and plans ahead

Israir, Etihad in talks on Abu Dhabi pilot training facility

Israir plans to begin flying to Abu Dhabi in December

Capital Health Screening Centre Abu Dhabi

Covid-19: Tourists in Abu Dhabi can get tested for Dhs180 at new drive-through facility

Residents and tourists need not pre-book appointments, and will receive their results via SMS between 24 and 48 hours of being tested

Abu Dhabi’s non-oil foreign trade valued Dhs80.2bn for Jan-May 2020

Total trade decreased by 18.7 per cent in May 2020 compared with May 2019

Hospitality Care Centre Dubai Healthcare Authority Dubai Media Office

Covid-19: Dubai launches new dedicated centre for treating infectious diseases

The new centre is directly affiliated with Rashid Hospital, and has already begun receiving Covid-19 patients

Nasdaq Dubai Growth Market

Dubai launches new stock market for SMEs

The Nasdaq Dubai Growth Market will be operational by early 2021

Dubai Design District extends support to Lebanon’s design industry

d3 offers Lebanese designers and startups space to rebuild after the August port blast

World’s largest fish and meat online retailer raises $121m to expand operations

The funds will support the brand’s expansion in India and the Middle East with plans to launch in Saudi Arabia

Covid-19 update: UAE reports 1,390 cases; 466 infections registered in Oman

The death toll in the UAE has risen to 482

Free parking Abu Dhabi

Free parking in Abu Dhabi this week

All private and public sector companies in the UAE have a paid holiday on October 29

Kuwait picks Microsoft Teams for national online education platform

Online education platform to cover 400,000 educators and students across the country

Saudi tech startup Foodics launches $100m fund for SMEs

Foodics partnered with Maalem Financing to launch the fund

MENA’s open banking platform, Tarabut Gateway, launches in UAE

The company has opened an office in Abu Dhabi’s Hub71 and Dubai’s DIFC FinTech Hive

Dubai in talks on London air-travel agreement to boost demand

Airlines and aviation groups are urging governments to introduce more so-called air corridors to help spur demand

Turki Al Malki, Saudi coalition

Saudi forces destroy drones targeting civilians in the kingdom

The kingdom destroyed armed drones launched from Yemen on Saturday, Sunday and Monday

First Abu Dhabi Bank

FAB reports 19.3% dip in net profit for Q3 2020

Third quarter net profit rose 4 per cent sequentially

Aldar eclipses Emaar as top UAE developer on $8bn deal

The company expects more government projects to come its way

Emirates Dubai UAE

No pre-flight Covid-19 tests for UAE residents travelling to Dubai from these countries

The airline updated the Covid-19 testing rules for inbound UAE residents on Monday