Different Arab money

UAE, Saudi and Bahrain lower interest rates in line with Fed move over virus outbreak

Central banks in the GCC matched the Fed’s half-percentage point cut

Coronavirus: Ai Everything and Careers UAE postponed

Ai Everything has been postponed indefinitely, while Careers UAE will take place in October this year

NMC founder Shetty weighs sale of pharma business

Abu Dhabi-based pharmaceuticals business, Neopharma, could be valued at between $700m and $1bn

UAE Sharia council issues fatwa on coronavirus

Senior citizens, minors and those suffering from respiratory diseases are allowed not to attend congregational prayers

Schools, colleges in the UAE to close for four weeks from March 8

A distance learning initiative was also announced

UAE confirms six new coronavirus cases; total tallies 27

The infected individuals include two Russians, two Italians, one German and one Colombian

UAE to name its next two astronauts by January 2021

More than 3,000 applicants have applied so far, 33 per cent of whom were women

carrefour mobimart

Carrefour launches mobile grocery bus in Dubai

Customers can check daily route schedules and timings of the Mobimart bus on Carrefour’s website

Art Dubai postponed due to coronavirus

A new format of the event will be held on the same dates tailored to local audiences

Sheikh Mohammed launches multilingual “mystery shopper” app

The app is accessible to residents and visitors to the emirate and will help measure government services

Coronavirus impact: Emirates makes operational changes, steps up aircraft cleaning

The airline, which has been forced to cancel some flights, confirmed that it was offering staff the option of taking unpaid leave

UAE businessman MA Yusuff Ali receives Saudi premium residency

He becomes the first Indian to receive the kingdom’s coveted residency permit

dubai police

Dubai Police seize $330m worth of counterfeit watches

It led to the arrest of two Asian suspects who ran the illegal business in Dubai’s Naif area

Abu Dhabi-based banks report Dhs40.3bn net income in 2019

Last year Abu Dhabi Commercial Bank officially merged with Union National Bank and the combined entity acquired Al Hilal Bank

Ultra Abu Dhabi music festival postponed over coronavirus fears

The event was scheduled to be held from March 5-6 at the Du Arena

Italian investor seeks partner to bid for troubled NMC Health

GKSD Investment Holding SA approached Abu Dhabi’s Mubadala Investment Co. about becoming an equity partner

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Inspired by Aramco IPO, Bahrain may sell stake in oil assets

Bahrain, where oil and gas are also central to the economy, wants to balance its budget by 2022

UAE denies breach of coronavirus quarantine in Abu Dhabi hotels

Two Italian technicians who were part of the UAE Tour competition were confirmed as the latest cases of coronavirus in the UAE

UAE weather update: Poor visibility expected in select parts of the country

The weather will remain partly cloudy on Tuesday, with temperatures expected to drop significantly

Dubai schools allowed to raise fees by 6.4%

Coronavirus: UAE government schools to pilot distance learning programme

The learning from home initiative will be tested for students from Grades 6-12 beginning on Wednesday and Thursday

SAUDI-HEALTH-VIRUS

Saudi Arabia confirms first case of coronavirus

A Saudi citizen, who came from Iran via Bahrain, tested positive for the virus

WHO flies Dhs1m aid from Dubai to Iran to combat coronavirus

The shipment included gloves, surgical masks and laboratory diagnostic kits

Latest coronavirus case in India travelled from Dubai

The other coronavirus patient travelled from Italy

Samsung launches its Galaxy S20, Z Flip phones in the UAE, prices revealed

For the smartphone industry, 2020 is anticipated to be a ‘breakout’ year for 5G devices

jaguar land rover

Jaguar Land Rover building a new facility in Dubai

The facility is expected to be fully operational by the first quarter of 2021

NMC Healthcare

Hospital operator NMC Health asks lenders for leniency

NMC’s shares have been in free-fall since a December report by Muddy Waters Capital LLC

Wizz Air Abu Dhabi to launch in H2 2020

The low-cost carrier will focus on establishing routes to markets in which Wizz Air has existing, high growth operations

RTA launches Bus On-Demand service in Dubai

Customers will be able to summon minibuses via the Bus On-Demand app within select areas across the emirate

UAE grants flexible working hours to mothers of children attending nurseries

The benefit will be available to all public sector female employees across the country

fujairah port

UAE’s Port of Fujairah plans Dhs750m upgrade and expansion project

It will be carried out over two years and will increase the port’s oil-handling capacity