Saudi reserves fall more slowly after transfer to sovereign fund

The government is looking to its largest-ever debt programme to keep the depletion of reserves limited to SAR120bn

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed chairs cabinet meeting; announces incentives for the media sector

The government will suspend administrative fines related to bank guarantees provided by media sector owners

Sharjah hires banks for $1bn sukuk sale

A sale could happen as soon as this week and proceeds will be used for general budgetary needs, sources said

Covid-19 impact: Dubai’s Emirates confirms staff layoffs

Airlines across the globe are cutting jobs as the pandemic hit travel demand

coronavirus

Covid-19: Dubai issues new guidelines on wearing masks

Individuals who require supplemental oxygen or have severe respiratory disorders, people of determination and children under the age of six are exempted from wearing a mask

Abu Dhabi Islamic Bank CEO Manna resigns after a year on job

The bank’s chief operating officer, Sandeep Chouhan, has been appointed acting CEO

Abu Dhabi bans entry and exit from the emirate starting June 2

The regions between which internal movement will be restricted include Abu Dhabi, Al Ain and Al Dhafra

Cebu Pacific to start domestic flights, Dubai-Manila route to remain suspended

The airline said all international flights remain suspended until June 30

Video: How are regional educational institutions navigating through the current crisis?

As remote learning becoming the new normal, Professor Silvia Serrano, vice chancellor of Sorbonne University Abu Dhabi, reveals how educational institutions are managing

Consumer experiences remain pivotal for post-pandemic retail

With the future of retail touted as an omnichannel experience, Gulf retailers in the post-pandemic world must strive to engage customers on all levels

Emaar chairman Mohamed Alabbar

“Time to be bold” – Emaar’s Mohamed Alabbar tells UAE retailers

The chairman told retailers to fast track digital plans, customer experience, loyalty, efficiency and business diversification initiatives

UAE-DUBAI-HEALTH-VIRUS

GCC Covid-19 update: UAE reports 661 cases, 2 deaths; Saudi registers 23 fatalities

The death toll in the UAE and Saudi Arabia has risen to 264 and 503 respectively

Covid-19 impact on the UAE property sector: When will consumer confidence return?

In a post Covid-19 world, the property sector needs to adapt and re-align to meet customer demands and mitigate the long-term effects of the pandemic

George Floyd New York City

UAE consulate in New York issues advisory regarding George Floyd protests

Protests have erupted across several cities in the US following the death of 46-year-old George Floyd in Minneapolis last week

Emirates Loto

Seven winners split Dhs1m in UAE’s Emirates Loto draw

The winning combination of numbers were 5, 11, 16, 20, 23 and 38.

Spinneys introduces incubator for micro F&B suppliers in UAE

Via the incubator programme, micro F&B businesses will be given the opportunity to list their product at Spinneys for a year with no start-up fees

Dubai’s Meraas offers contactless ‘Curbside Pickup’ service for customers

Participating retailers include Mitts and Trays, BLK Cab Coffee, Catch 22, Aprons & Hammers, Eggspectations, and Urban Seafood, among others

UAE weather update: Dust storms rendering poor visibility expected

The UAE recorded its lowest temperature of 22.6°C in Jabal Jais at 7am today

Saudi moved $40bn in reserves to sovereign wealth fund PIF

The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook

Saudi begins phase two of easing lockdown: Mosques reopen, fines revealed for violators

Domestic flights are also allowed to resume in the kingdom

UAE Ministry of Finance reduces fees for certain federal entities

The measures include a 50 per cent reduction in the fees to register suppliers

UAE-DUBAI-HEALTH-VIRUS

UAE says it cannot confirm virus is subsiding; reports 726 new Covid-19 cases

The total number of cases detected in the country has risen to 33,896

How significant is it to redefine corporate social responsibility

Giving back and being responsible are crucial for governments, businesses and individuals in the region for longer sustainability

SAUDI-HEALTH-VIRUS

Covid-19: How businesses must handle the new normal

The Covid-19 pandemic has forced organisations to rethink their digital and business strategies and re-invent the way they operate

Revamping tax regimes in the digital economy

A consensus seems to be developing that tax regimes need to adopt a global approach to confront challenges posed by technological advances

UAE announces change in disinfection timings

The programme will begin at 10pm across the UAE except in Dubai, where it will start at 11pm

UAE fuel prices for June announced

This is the second month in a row that prices have remained unchanged

Kuwait Airways plans cutting about 1,500 expatriate jobs

The layoffs will involve employees across all departments

coronavirus Covid-19 UAE

GCC Covid-19 update: UAE reports 563 cases; Saudi registers 1,644 cases, 16 deaths

The death toll in the UAE and Kuwait has risen to 258 and 185 respectively

Gamers Without Borders Saudi Arabia

Saudi’s Gamers Without Borders championship becomes world’s largest charity esports event

The ongoing esports fundraiser has already donated $6.5m to various global charities fighting the Covid-19 pandemic