grand mosque

Eid Al Fitr holidays for UAE announced

The five-day break is expected to fall between May 22-26

UAE’s Majid Al Futtaim to launch City Centre Al Zahia in March 2021

The upcoming mall spans 136,200 sqm of gross leasable space and will become the largest mall in the Northern Emirates once inaugurated

Saudi Aramco seeks to restructure $69.1bn SABIC deal

Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF

Fire erupts at Dubai Expo 2020 site

The fire broke out amid the construction debris of the site

JetClass’ not-for-profit flightpooling service to return residents to the UAE, other countries

A minimum of six people are required to charter a flight, with the cost split equally among them

Most likely cause of Sharjah fire revealed, cladding for up to 150 buildings to be changed

Flammable cladding on the building was found to be one of the main reasons for the fire to spread

dubai silicon oasis

Dubai Silicon Oasis introduces additional economic relief measures

In April, DSOA introduced several incentives for residents, startups, companies and commercial tenants located within buildings owned by the authority

Saudi Arabia triples VAT, cuts cost of living allowances

The steps taken to shore up revenue and rationalise spending are valued at about SAR100bn in total

Abu Dhabi Movement Permits

Abu Dhabi begins permit system for movement during sterilisation programme

Those who are fined and want to file an appeal can submit their objection within 15 days of the violation

UAE’s ADCB posts 82% drop in Q1 net profit on NMC impairment charges

Its net loans stood at Dhs247bn and customer deposits at Dhs263bn as of the end of Q1 2020

BRF’s Sadia commits to 1.4 million meals across the GCC amid Covid-19 concerns

The company has set up a Covid-19 Response Fund worth $1m and has collaborated with government entities and charitable associations to assist regional communities

Emirates Loto

Two participants win Dhs500,000 each in the fourth edition of UAE’s Emirates Loto

The randomly selected combination of numbers drawn in the fourth edition of the lottery were 10, 11, 19, 35, 41 and 44

Minor earthquake recorded in Saudi Arabia

The quake, measuring 3.45 on the Richter scale, was recorded in the Asir region, 16km to the east of Khamis Mushayt

Bahrain sells riskiest Eurobond since market reopened

The 10-year bonds yield 7.375 per cent, a substantial yield premium that has attracted more than $7.5bn so far

Dubai’s Emirates Group reports 28% drop in full year profit

The group’s revenues decreased 5 per cent to Dhs104bn

Message from the top: Ismail Al Hammadi, CEO, Al Ruwad Real Estate

As companies across the GCC tackle the challenges posed by the Covid-19 pandemic, regional business leaders reveal insights on what their organisations are doing and offer advice on how to deal with the current crisis

UAE’s Danube Group donates Dhs1m worth of food kits amid virus concerns

Distribution will take place from their warehouse facilities in Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah

Dubai’s Aramex posts 38% dip in Q1 2020 net profit

Aramex’s Q1 2020 revenues fell 3 per cent to Dhs1.19bn, compared to Dhs1.23bn in Q1 2019

Asia’s Richest Men Prep for Battle as Adani Enters Ambani’s Turf

Saudi wealth fund exploring an investment in Reliance Jio

Facebook last month agreed to pay $5.7bn for a 10 per cent stake in the digital unit

Kuwait leader urges curbing oil reliance to strengthen economy

Kuwait imposed a 24-hour curfew on Friday for the next 20 days to contain the spread of the pandemic

Covid-19: Kuwait begins three-week complete lockdown from May 10

Only essential private sector activities will be permitted during the lockdown

Decision on 2020-2021 academic year ‘under review’ – UAE education ministry

Local media reports have indicated that e-learning will continue into the next academic year

Covid-19: 88 ICU nurses from India arrive in the UAE to assist efforts

The move comes as the UAE has boosted capacity by opening new field hospitals across the country

UAE Covid-19

UAE reports 624 new Covid-19 cases, 11 deaths; efforts accelerate to identify virus strains

The government also announced 458 recoveries, the highest number of daily recoveries reported until now

Emirates begins limited inbound passenger flights to Dubai

The current destinations for return flights include Frankfurt and London

Time to give back: The OPPO perspective

The global smartphone leader is stepping up efforts to ensure that it can play its part in preventing the spread of Covid-19 and assisting the community in the current situation

The growing trajectory of digital healthcare tools

In the aftermath of the global Covid-19 spread, the demand for digital healthcare tools is expected to scale

Mideast Petro-States look past oil rout to chase solar power

Prices for benchmark Brent crude have slumped 52 per cent this year, falling far below levels that most governments in the region need to balance their budgets

Message from the top: Rizwan Sajan, founder and chairperson, Danube Group

As companies across the GCC tackle the challenges posed by the Covid-19 pandemic, regional business leaders reveal insights on what their organisations are doing and offer advice on how to deal with the current crisis