UAE cuts petrol prices for March as crude oil prices drop on coronavirus fears

Oil has fallen more than 20 per cent this year

Kuwait’s coronavirus cases surge 65%

Schools and universities across the country have been suspended for two weeks beginning March 1 on virus fears

Boeing dangles funds for Max simulator time ahead of return

Boeing has repeatedly missed targets for re-certifying the Max, grounded since March after two fatal crashes

Dubai’s RTA, UK-based BeemCar partner to develop skypods

The Dubai Self-Driving Transport Strategy aims at diverting 25 per cent of total mobility journeys in the emirate to autonomous transit means by 2030

UAE national banks invested Dhs10.4bn in January

Emirati banks received approximately 89.8 per cent of the total investments

UAE weather update: Strong winds, dust storm expected across the country

The NCM has also cautioned the public of rough to very rough sea conditions

Saudi’s KBW Ventures invests in US cell-based seafood startup BlueNalu

BlueNau is the fourth cellular agriculture startup that KBW Ventures has invested in

UAE’s NMC dismisses CEO amid probe

CEO Prasanth Manghat will be succeeded on an interim basis by current chief operating officer Michael Davis

Aramco starts early preparations for an overseas listing

The oil giant is in discussions with Wall Street banks to draw up scenarios for a second listing overseas

Saudi Arabia suspends all Umrah visits

Saudi also suspends the use of national identity cards for its citizens and GCC nationals for travel to and from the kingdom

finablr bayanpay

Finablr’s BayanPay secures Saudi Arabia licence

Vision 2030 aims to increase non-cash payments to 70 per cent of all payments by 2030

UAE prepared for ‘worst case’ coronavirus scenario

The Gulf nation is well-equipped with quarantine and surveillance facilities to manage the outbreak

difc court

Claims worth Dhs3.1bn filed in Dubai’s DIFC Courts in 2019

The number of enforcement cases also rose 35 per cent to 251 with a total claim amount of Dhs2.6bn

Dubai’s RTA launches real-time bus updates on Google Maps

Dubai will be the first city in the Middle East to use open data in public transport

nasdaq dubai

Saudi Arabia’s Dar Al-Arkan lists $400m sukuk on Nasdaq Dubai

It raises Dar Al-Arkan’s total sukuk value listed on Nasdaq Dubai to $2bn

DHA

Dubai’s DHA completes first successful live organ transplant

The authority added that it was now considering setting up an organ transplant centre in the emirate

UAE banks invested Dhs141bn in Q4 2019 across the GCC

Saudi Arabia accounted for 54 per cent of the UAE’s total banking investment

Revealed: Most popular projects in Dubai for off-plan sales in 2019

Popular buildings in the off-plan segment were mainly in the luxury market, finds report

Bahrain reports 21 new cases of coronavirus in a single day

The first case was of a school bus driver who drove a number of children to three schools on Sunday morning before he showed symptoms of the virus

Saudi announces cabinet reshuffle, creates new ministries

A series of royal orders created a separate ministry of investment and appointed former energy minister Khalid Al-Falih to head it

gfh nasdaq dubai

Bahrain’s GFH Financial Group lists $300m sukuk on Nasdaq Dubai

The five-year sukuk was oversubscribed 2.5 times with a total book size exceeding $750m

Fitness First Middle East to launch new clubs in the GCC

The first of the new clubs is expected to open in April at Marina Gate, Dubai, and will be the brand’s 33rd destination in the UAE

Dubai bans advertising on residential buildings

The Dubai Municipality will issue guidelines regarding a permit that will be required to advertise across the emirate

Regulator of Dubai’s DIFC fines global mortgage firm $105,000 for ‘unauthorised activity’

Enness’ DIFC office was fined for carrying out activities outside the scope of its licence

OPEC+ cuts that steadied market now bring risk of $100 crude

No OPEC decision yet on oil cuts – Saudi energy minister

The Organization of Petroleum Exporting Countries and its allies are to meet next week in Vienna to assess their global cuts and output policy

UAE and Saudi Arabia lead global water desalination projects

Further investments of $4.3bn are expected into MENA’s desalination projects by 2022

Oman reports two cases of coronavirus, quarantines 250 on suspicion

The two women, who tested positive for the disease, had travelled from Iran

UAE halts all flights to Iran on coronavirus concerns

The country has already suspended all flights to and from China, with the exception of Beijing

Coronavirus update: Kuwait, Bahrain report additional cases

The total number of coronavirus cases in Kuwait tally five while Bahrain has registered eight cases of the Covid-19 virus

empower

Empower opens world’s first unmanned cooling plant in Dubai

By the end of 2020, the plant will have a total cooling capacity of 49,000 refrigeration tonnes