Saudi wealth fund ditches blue-chip stocks, adds ETFs

The Public Investment Fund disclosed stakes worth $10.1bn at the end of the second quarter

Anwar Gargash, Minister of State of Foreign Affairs

UAE says pact with Israel not about confronting Iran

The deal is all about the UAE, Israel and the United States, says Gargash

Julphar announces 90% increase in revenues for Q2 2020

The company has announced a net loss of Dhs25.6m for Q2 2020

UAE Covid-19

UAE reports 283 new Covid-19 cases, 98 recoveries

The total number of confirmed cases in the country has risen to 64,102

Sheikh Mohammed bin Rashid Al Maktoum Covid-19 Command and Control Centre Dubai

Sheikh Mohammed visits Covid-19 command and control centre in Dubai

Sheikh Mohammed praised the efforts of healthcare workers in successfully combating the Covid-19 virus

UAE Israel Covid-19

UAE, Israeli companies agree to jointly combat Covid-19 and develop testing device

The agreement was signed between APEX National Investment and TeraGroup at the headquarters of Al Qudra Holding in Abu Dhabi

Regional startups on a ‘growth’ trajectory amid Covid-19 crisis

While the pandemic may have rattled industries, the regional startup ecosystem remains resilient

How regional marketers must evolve to stay relevant

Marketing has to remain dynamic and adapt to the changing needs of the customers, opines Sunita Hadani, managing director of the Hadani Group of Companies

Grand-mosque-panorama

UAE announces private sector holiday for Hijri New Year

Sunday, August 23 will be a paid leave for all private sector employees

Dubai airport

UAE residents flying back to Dubai still require GDRFA approval

A directive that went into effect on Wednesday had said all expats with UAE residency visas can enter the country without prior approvals

President Trump Meets With Israeli PM Netanyahu At The White House

UAE, Israel agree on historic deal to establish diplomatic ties

US President Donald Trump said the deal will facilitate peace in the Mideast

Food data intelligence platform, NutriCal, launches in the UAE

Calorie count meter helps diners to make calculated decisions

flydubai flight

Flydubai resume flights to additional destinations, expanding network to 24

The airline said more than 240 repatriation flights are scheduled in the upcoming weeks

Emirates Loto

Emirates Loto issues refunds for paused mega lottery in the UAE

All participants who purchased a collectables online after 8.30pm on Saturday, July 11, 2020, have already had their money refunded

GCC Covid-19 update: UAE reports 277 cases; 701 infections registered in Kuwait

The death toll in the UAE stands unchanged at 358

Dubai’s Emirates dedicates over 50 flights to Lebanon to deliver relief support

Emirates SkyCargo will provide a 20 per cent reduction on air freight transportation charges for approved shipments

New real estate AR game attracts thousands in Abu Dhabi

More than 13,000 players ‘purchase’ more than 76,000 properties in Abu Dhabi

UAE vaccine trial

UAE hits target of 15,000 volunteers for Covid-19 vaccine phase III trials

The target was achieved in less than a month with individuals from 107 nationalities participating in the programme

Patrick Chalhoub, CEO of Dubai-based Chalhoub Group

How the luxury retail sector in the UAE can stage a comeback

Personal luxury sales in the UAE and the Middle East has, expectedly, nosedived. But luxury retailers are pushing forward a multi-pronged strategy that will – if successful – result in a gradual resurgence of the industry

Covid-19 impact: Will hybrid office models pave the way forward?

Companies that recognise that the future is built on a foundation of flexibility and openness, are more likely to thrive

Hijri New Year 2020

UAE declares holiday for Hijri New Year 2020

Sunday, August 23, will be observed as the holiday for the new year

Oil giant Saudi Aramco plans huge spending cuts for 2021

Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023

UAE Ambulance

Sheikh Mohammed launches online initiative to train one million paramedics globally

It is being rolled out in cooperation with 140 experts and 67 training institutions based around the world

Dubai’s DIFC grants banking licence to Samba Financial Group

Samba Financial Group’s presence in DIFC will facilitate its access to regional markets

Saudi king NEOM

Saudi King Salman heads to NEOM for ‘rest and relaxation’

King Salman underwent a surgery in Riyadh last month for an inflamed gallbladder

Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank records 52% decrease in net profit for H1 2020

Its net revenue also declined nearly 11.5 per cent year-on-year to Dhs2.5bn

New AI-based mobile app Wai-Eye to assist schools in Covid-19 compliance

Wai-Eye leverages existing CCTV network to enforce health protocols

coronavirus

UAE reports 246 new Covid-19 cases, no new deaths

The total number of confirmed infections in the country has reached 63,212

New esports team, Yas Heat, launched in Abu Dhabi

Yas Heat launches recruitment drive to discover and develop UAE gaming talent