Is it an opportune time to sell your business in the UAE?

A sound and consolidated service provider can assist owners in selling their businesses

Amlak International announces intent to list on Saudi bourse

The offering will comprise of 27,180,000 ordinary shares

Abu Dhabi service marketplace Rizek raises $3.5m in seed funding

The startup also plans to invest in upskilling its freelancers and SME service providers to help them garner more opportunities

Missiles in 2019 Saudi oil attacks came from Iran, UN says

Missiles and a swarm of drones set off fires at the crude processing plant in Afif in May 2019, causing extensive damage and causing a spike in global oil prices

sheikh hamdan

Islamic Economy accounted for Dhs41.8bn of Dubai’s GDP in 2018

It contributed 9.9 per cent to Dubai’s GDP in 2018

UAE Public Prosecution warns against misusing national currency

The punishment includes fines and/or jail sentences of up to 25 years

grand mosque

Astronomer predicts likely Eid Al Adha date this year

Public and private sector workers in the country are expected to receive three days of leave to mark Eid Adha

Abraaj ex-CEO’s alleged theft cost the firm $385m – liquidators

Naqvi is one of six former Abraaj executives who face charges stemming from the private equity’s firm’s 2018 collapse

coronavirus covid-19

UAE registers 491 new Covid-19 cases, 1 death; infections cross 41,000

The death toll has risen to 288

GCC retail sector will see 15.7% YoY growth, according to Alpen Capital

How should regional and global retailers weather the Covid-19 crisis?

Retailers regionally and globally have been badly affected by the Covid-19 pandemic. What are the steps they should take to stay protected?

Explainer: Have contactless payments taken off in the GCC?

The Covid-19 pandemic has made contactless payments more relevant than ever before. Khalid Elgibali, MENA division president at Mastercard, discusses whether adoption in the GCC grown significantly

How has Covid-19 impacted the startup ecosystem in the GCC?

The pandemic has adversely affected the regional startup ecosystem. But there is help

Covid-19 testing UAE 3

UAE reports 513 new Covid-19 cases, death toll at 287

Currently, 15,266 cases are active in the country

Dubai permits swimming pools to reopen, water sports to resume

A strict set of guidelines has been issued for operators and visitors

All residents returning to Dubai to be quarantined for 14 days

They will be tested for Covid-19 at the airport itself and will have the option to quarantine at home or a hotel

UAE launches initiative to repatriate residents holding valid visas

The initiative targets the return of nearly 200,000 people

Dubai’s Emirates denies that employees made redundant committed suicide

The airline has been forced to lay off some of its employees due to the impact of the coronavirus

Etihad

Abu Dhabi’s Etihad Airways, Aldar Properties sign retail agreement

To earn and spend miles, shoppers must connect their Visa card to their Etihad Guest mobile app

UAE’s recovery may be mix of U- and V-shapes, minister says

The country has a pipeline of federal infrastructure projects worth Dhs20bn

No acquisition by US-based bank, clarifies Dubai lender Emirates NBD

The bank stated that 101,731,408 of its shares were purchased by 254 unique investors on May 28

Hotel Data Cloud

UN recognises Dubai tech startup for efforts to spur tourism industry

Hotel Data Cloud also disseminates information regarding hotels’ ongoing precautionary measures to protect against the Covid-19 virus

coronavirus

GCC Covid-19 update: UAE reports 479 cases, 2 deaths; Saudi registers 3,733 cases, 38 fatalities

The death toll in the UAE, Kuwait and Saudi Arabia has risen to 286, 279 and 857 respectively

Dubai developer Nakheel reports villa sales worth Dhs223m

Ready-to-occupy, family villas at Nad Al Sheba are particularly in demand

Abu Dhabi’s Mubadala posts 324% increase in 2019 income

At end of 2019, its assets under management (AUM) stood at Dhs853bn, compared to Dhs840bn in 2018

Five minutes with…Eugenie Dronneau, founder and CEO, FoodKarma

The platform, which launched in March, aims to minimise food wastage

Oman Muscat

Oman to extend tourist visas until March 2021; protocols to reopen airports complete

All tourist visas issued from March 1, 2020 until August 31, 2020 are eligible for the extension

Emirates announces four repatriation flights to Cairo from Dubai

The flights will depart from Dubai to Cairo on June 14, 18, 19 and 21

coronavirus

Abu Dhabi’s Department of Health launches platform to supports virus-related research

The ‘National Registry for COVID-19’ platform will facilitate scientific discoveries and provide real-time virus updates

Will access to Zoom, other VoIP services continue in the UAE? TRA responds

In March, the TRA had said several apps would be available for free due to the Covid-19 situation

Sheikha Bodour launches Dhs1m fund to empower UAE publishers amid virus fallout

The Emirates Publishers Association will communicate with Emirati bookmakers and guide them on how to avail the provisions