Oman amends classification of SMEs according to workforce, revenues

There are a total of 44,000 small and medium establishments in Oman

Luxury retailer in Kuwait hires Citigroup to advise on options

The company was valued at about $500m in a 2019 funding round

Sharjah Islamic Bank lists $500m sukuk on Nasdaq Dubai

The latest listing raises the total value of sukuk listed in Dubai to $69.29bn

Expats stranded outside Saudi will only be allowed to return after the pandemic ends

The mechanism for extending the exit and return visa is yet to be announced

UAE ends National Sterilisation Programme with immediate effect

Children below 12 will be allowed to enter commercial centres and restaurants across the country

coronavirus covid-19

GCC Covid-19 update: Saudi reports 3,123 cases, 41 deaths; UAE registers 450 infections, 2 deaths

The death toll in Saudi Arabia has risen to 1,387

Flydubai to resume regular flights from July 7, aims to fly to 66 destinations by summer

The airline has opened bookings to 24 destinations

JAPAN-AUTOMOBILE-NISSAN

Nissan Middle East reports 0.5% growth in domestic sales for FY 2019

It will introduce eight new models to the region over the next two years

Dubai bars and pubs ordered to stop serving alcohol until further notice

Licensed restaurants in Dubai can continue to serve alcohol

Saudi Binladin Construction group misses salary payments

Most of the affected employees are based at Binladin’s headquarters in Jeddah and work in its construction unit

Dubai’s DGCX to launch first FX rolling futures contracts in July 2020

These will be perpetual contracts that are automatically rolled over at the close of the trading day if an open position still exists

Dubai’s Emirates suspends passenger services from Pakistan

The airline will continue to operate repatriation flights into Pakistan as per the announced schedule

Dubai Chamber launches CSR programme to aid SMEs in the emirate

SMEs will be paired with large companies who will offer professional advice and resources tailored to its specific needs

Oman Muscat

Moody’s downgrades Oman for a second time in 2020 as oil dips

This year, Oman trimmed its budget expenditure and announced liquidity support in an effort to provide some relief from the Covid-19 shock

Emirates to resume flying A380 superjumbos to London, Paris

The airline said that it’s seeing a positive trend of traffic building up across its network

Dubai Police arrest man who murdered couple during villa break-in

The incident took place in Arabian Ranches on Thursday

Sheikh Mohammed Fish Farm Dubai

Sheikh Mohammed visits Fish Farm in Dubai, encourages domestic food production

The Fish Farm in Jebel Ali can produce about 3,000 tons of organic fish per year

Covid-19 vaccine trials

UAE begins world’s first phase III clinical trial of Covid-19 vaccine

If successful, the vaccine could enter the market by the end of 2020 or early 2021

Sharjah

Sharjah to resume parking fees from July 1

Motorists in the emirate were exempt from paying parking fees for three months starting April 1

School fees to remain unchanged for next academic year – KHDA

The UAE has issued guidelines on the reopening of educational institutions across the country later this year

Majid Al Futtaim reopens more cinemas, entertainment destinations across UAE

VOX Cinemas at Al Hamra Mall, Ras Al Khaimah will reopen on June 23, while VOX Cinemas and Magic Planet at City Centre Sharjah will resume on June 24

Abu Dhabi’s ADNOC announces $20.7bn energy infrastructure deal

A consortium of investors will collectively acquire a 49 per cent stake in ADNOC Gas Pipeline Assets

UAE’s Etihad Airways to launch Covid-19 risk assessment tool

Guests will understand their individual probability of having contracted the virus alongside advisories and recommendations

ENOC Group

Dubai-owned ENOC Group records increase in storage demand across facilities globally

ENOC Group owns and operates ten terminals with a total combined storage capacity of 6.6 million cubic metres across 346 tanks

Dubai Municipality Geospatial map

Dubai Municipality launches e-system to provide access to the emirate’s geospatial maps

The system showcases 2D and 3D maps of Dubai’s landmarks, structures and infrastructure facilities.

Saudi coalition forces destroy 8 ‘bomb-laden’ drones, 3 missiles launched from Yemen

The attacks were targeting “civilians in the kingdom” officials said

UAE endorses Saudi Arabia’s decision to limit Hajj 2020, will not participate this year

Only those already residing in Saudi Arabia will be permitted to attend Hajj this year

Mubadala to double down on tech after $1.2bn Jio stake

The $232bn fund is looking at India, China and Southeast Asia for potential investments

schools uae

UAE issues guidelines on reopening schools, universities in September 2020

Protocols include temperature checks and frequent sterilisation in the new academic year