Saudi Prince and Putin urge OPEC+ compliance as oil prices sag

While oil prices have more than doubled since OPEC+ began curbing supplies, Brent crude is still down 36 per cent this year

Israir

Dubai-based NY Koen Group to bid for purchase of Israeli carrier Israir

The Israeli airline is reportedly planning to start flying to Dubai and Abu Dhabi

GCC public cloud market to grow by 25% annually through to 2024: IDC

More than half of CIOs in the region aim to accelerate digital transformation efforts

Dubai’s DIFC becomes region’s first accredited member of Global Privacy Assembly

DIFC introduced a new data protection law, that aims to enhance its current regime around data, security and privacy best practices

Union Properties Dubai Autodrome

Profits for Dubai’s Union Properties exceed Dhs500m in Q3 2020

The value of its assets increased 5 per cent from Dhs5.9bn to Dhs6.2bn

UAE’s NCEMA top official receives first dose of Covid-19 vaccine

The UAE registered 1,315 new cases of the novel coronavirus infection on October 13, marking its highest daily rise in new infections

UAE Space Agency signs NASA’s Artemis Accords for cooperation in space exploration

NASA’s Artemis Accords is based on the vision of the United Nations’ Outer Space Treaty of 1967

Gulf Business Awards

Revealed: Gulf Business Awards 2020 judges

As we head closer to the 2020 edition of the Gulf Business Awards, we introduce our esteemed judging panel for this year

DSF_Al Seef fireworks

Dates revealed for next edition of Dubai Shopping Festival

The event will run from December 17, 2020 until January 30, 2021

Covid-19 test

Covid-19 update: UAE reports 1,315 new cases, highest daily rise in infections since the outbreak

The second highest daily rise in new cases, equalling 1,231, was reported on October 3

Huawei appoints first ever chief security officer in the GCC

Aloysius Cheang takes up role as CSO for Huawei UAE

Five factors to consider when choosing a life insurance plan

Choosing a life insurance product is a valuable investment for your future

Abu Dhabi’s Mubadala invests $235m in Germany’s Evotec

The funds will be invested in the upscaling of biologics strategy, data-driven precision medicine processes, and multimodality drug discovery and development platforms, among others

Ras Al Khaimah international airport to resume scheduled passenger flights

All passengers flying in and out of the facility will be required to follow protocol to present the spread of Covid-19

Abu Dhabi’s IHC invests in DNA sequencing tech pioneer Oxford Nanopore

The funds will support Oxford Nanopore as it scales up its rapid Covid-19 testing capability

Palm West Beach Dubai Nakheel

Nakheel to launch Palm West Beach waterfront destination in Dubai this week

The walkable waterfront destination comprises 1.6km of promenade and includes eight 5-star hotels

Abu dhabi global market

ICE to launch trading in Murban futures contracts in Abu Dhabi in Q1 2021

ICE had announced plans in November last year to launch the platform in partnership with ADNOC

Israel’s cabinet approves UAE pact as leaders plan meeting

No date or venue was given for the leaders’ meeting

Dubai

Dubai records Dhs551bn non-oil external trade in H1 2020

China remained Dubai’s largest trading partner with Dhs66.4bn worth of trade

UAE’s education ministry launches ‘50×50 Initiative’

Close to 50,000 students representing all academic stages from over 1,200 public and private schools will participate in 1,000 virtual interactive workshops

OMAN-DAILY LIFE

Oman to introduce 5% VAT in April

Essential food items, medical care, education and financial services will be exempt from the planned levy

UAE-Covid-19

UAE to begin Phase III trials of Russian Covid-19 vaccine

Volunteers for the UAE trial will be medically supervised for 90 days after being administered the vaccine

Dubai Mall of the Emirates

Covid-19 tests for Dhs150 at Mall of the Emirates, City Centre Mirdif and City Centre Deira in Dubai

Customers need to pre-book an appointment before visiting the testing centres

GCC Covid-19 update: UAE reports 1,064 new cases, 1,271 recoveries

The registered infection count in the UAE has risen past 107,000

Bahrain

Bahrain launches 10-year multiple-entry visa for US citizens

The visa allows for a stay of up to 90 days during each visit to the kingdom

New $60m fund to invest in 120 MENA-based startups amid Covid-19 tech rally

The fund will invest in tech startups across sectors including fintech, healthtech and edutech

EA Sports Dubai FIFA 21

Dubai featured in EA Sports FIFA 21 video game

Dubai Tourism partnered with Electronic Arts to feature the emirate in the video game which was released last week

e-scooter

Abu Dhabi permits e-scooter rental services to resume

Services can resume in specific areas at 25 per cent capacity

Dubai Financial Market

Dubai Financial Market announces launch partners for new equity futures platform

The new equity futures platform is slated to launch on October 18

Year’s biggest bank merger sealed as Saudi rivals agree on deal

The new bank will have total assets of more than $220bn, creating the Gulf region’s third-largest lender