Dubai’s Emirates NBD lists $750m bond on Nasdaq Dubai

The perpetual bond is callable after six years and pays a coupon of 6.125 per cent

Eid Al Adha

Eid Al Adha 2020: UAE announces holidays for public sector

Public offices will be closed from Thursday, July 30 to Sunday, August 2

How Saudi Arabian shoppers are gearing up for the ‘new normal’?

Saudi consumers while venturing out more than in preceding months, still prefer to retain several preventive measures while shopping in stores

Bahrain’s Al Salam Bank partners with Bahrain bourse, Central Bank on new Shari’a-compliant framework

New structure reduces fees and provides an alternative for local financial institutions traditionally reliant on international brokers

Free Covid-19 tests for all expat residents and UAE citizens in Fujairah

The initiative will be undertaken in coordination with the Fujairah Medical District and the emirate’s emergency crisis and disaster management team

Etisalat

Etisalat Group reports Dhs4.6bn consolidated net profit for H1 2020, up 3% y-on-y

However, consolidated revenues of the UAE’s biggest telecom operator decreased 1 per cent to Dhs25.6bn

King Salman Saudi

Saudi’s King Salman chairs Cabinet meeting from hospital

He was admitted to the King Faisal Specialist Hospital on Monday to undergo medical tests due to an inflammation of the gallbladder

Abdulla Al Ghurair Foundation to support online education initiatives in the UAE

Joint initiative to make online programmes accessible to a wider pool of students

Tata Communications granted local ISP, telecom licence in Saudi

Licence allows change of status from a foreign carrier to local licenced service provider

Cebu Pacific issues guidelines for travel between Dubai and Manila

Non-adherence to these guidelines may result in passengers being denied check-in or boarding for the flight

Abu Dhabi student School

Abu Dhabi confirms school campuses can reopen for the new academic year

Schools in the UAE capital have to announce their reopening models by July 30

Muscat Oman

Oman to reimpose nationwide lockdown to contain spread of Covid-19

The two-week lockdown will commence from July 25

GCC Covid-19 update: UAE registers 305 cases; 1,487 infections recorded in Oman

The death toll in the UAE has risen to 341

Dubai UAE

Eid Al Adha in UAE likely to fall on July 31, crescent moon sighted

No official announcement has yet been made by UAE authorities

Dubai skyline

Intelak Hub set up to support travel, tourism startups in Dubai

Intelak Hub merges Intelak Incubator, Idea Lab with the Futurism Accelerator programme

Dubai’s GoFood app launches grocery delivery service

GoFood Grocery service requires a minimum order worth Dhs100

New contactless dining platform Opaala launches in Dubai

Opaala says it can enable venues cut down on operational costs by working with a skeleton crew

Chinese School Dubai

First Chinese national curriculum overseas school to open in Dubai this September

Located in Mirdif, the school will be the the first overseas Chinese school to receive financial support from the Chinese government

Dubai’s Emirates SkyCargo operates over 10,000 flights in 3 months

The flights facilitated the movement of essential commodities and other supplies for individual consumers and businesses worldwide

Etihad Boeing 787-10 Dreamliner

UAE’s Etihad and Boeing to begin sustainability-centred Dreamliner test flights this year

The testing programme will last approximately four weeks before Etihad’s Boeing 787-10 is entered into service in Abu Dhabi

Kuwait runs into resistance on bill to boost borrowing

Kuwait raised $8bn in March 2017 in its first sale of international bonds

Dubai Food Security

Dubai’s external food trade valued at Dhs32bn in H1 2020

The emirate’s food imports reached Dhs22bn, while exports were recorded at Dhs5.5bn and re-exports amounted to Dhs4.5bn

UAE energy trader to restructure finances following oil’s crash

GP Global Group started the restructuring effort as the virus swept through economies around the world

Dubai’s Emaar removes all job titles, with Alabbar also dropping his title of chairman

Alabbar said new business cards issued to employees will simply state their name with the department

Saudi Arabia

Saudi Arabia declares Eid Al Adha 2020 date

It also confirmed the dates of the holidays for the public and private sector within the kingdom

GCC Covid-19 update: UAE reports 271 cases; 2,429 infections registered in Saudi

The death toll in Saudi Arabia and the UAE has risen to 2,523 and 340 respectively

gavel

Covid-19 impact: How fast has dispute resolution transitioned to a digital model in UAE?

As the UAE ventures towards a phased resumption of economic activities, an increase in disputes is expected

Dubai’s Emirates to resume flights to Stockholm from August 1

The airline’s passenger network will broaden to 63 destinations in August

Dubai’s Amanat agrees to sell Middlesex University Dubai

The value of the transaction remains undisclosed