Public transport services, including Dubai Metro services, will resume from Sunday, April 26
The official date for reopening businesses is expected to be “announced shortly”
The government is looking at additional spending cuts and may issue as much as an additional SAR100bn of debt on top of SAR120bn riyals already announced
A full refund will be offered to exhibitors on cancelled events and where a new schedule is not feasible for the participants
A testator and two witnesses can join via video conferencing from different locations
The committee will ensure the existence of valid employment contracts and that workers are receiving their salaries
The move will facilitate businesses and service providers to meet their obligations without facing any difficulties
The platform will allow businesses to offer time sensitive deals to customers
The country’s central bank also instructed all banks to consider entry permits issued to expats in the UAE from March 1 – December 31, 2020 to be valid
The kingdom has so far reported 1,895 virus cases and seven deaths
Futures in New York traded at around $1 a barrel after sinking to as low as minus $40.32 during Monday’s collapse
Existing residential tenants at Dubai Silicon Oasis can now make monthly payments towards their rent
In the first quarter of this year, 62 venture capital funds raised a total of $21bn in the US
PE can work with governments to setup bespoke investment funds to select and support well managed SMEs and mid cap businesses that are adversely impacted by the Covid-19 crisis
From April to June 2020, retailers of all types based in Gate Avenue, Gate Village and Gate District will not be required to pay basic rent
Of the complaints, 71 per cent related to price hikes were received through the portal while 29 per cent came through the Dubai Consumer application
The Institute of International Finance estimates that the world’s poorest nations have some $140bn in general government debt-service obligations due through the end of the year, including $10bn in foreign currency
The kingdom has allocated an amount of SAR50bn to expedite the payment of dues to the private sector
Danube said it is continuing to operate some of its construction activities
Registration fees that were processed after March 16 will be refunded
After a growth shock in the first half of 2020, the economy is expected to gain traction again, driven by specific sectors, says Julius Baer’s Mark Matthews
The options being discussed include strict future restrictions on the recruitment of workers from those countries and activating a “quota” system for them
The financial impact on the business sector as a result of fee reduction is estimated at Dhs113m in 2020
The extension will be done automatically without the need to visit the passport headquarters
Married employees may take fully paid leave to take care of children below the age of 16
The new economic stimulus package provides relief to businesses operating across foreign trade, customs, tourism and real estate sectors
The country has reported 2,359 cases of coronavirus and 12 deaths
Gold futures surged above $1,700 an ounce to the highest since 2012
Sectors that are exempt sectors will operate as usual
The decision can only be carried out with consent from the employees