Saudi reveals new measures to support the private sector due to Covid-19 impact

The kingdom has allocated an amount of SAR50bn to expedite the payment of dues to the private sector

Dubai’s Danube Group says will not lay-off any staff due to Covid-19 impact

Danube said it is continuing to operate some of its construction activities

Free commercial vehicle registrations in Abu Dhabi until the end of 2020

Registration fees that were processed after March 16 will be refunded

Global market outlook in 2020: Will there be an economic rebound this year?

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

Amazon, Meta join ranks of tech companies slashing thousands of jobs

UAE considers proposal to impose restrictions on hiring from certain countries

The options being discussed include strict future restrictions on the recruitment of workers from those countries and activating a “quota” system for them

UAE’s Ministry of Economy reduces fees for 94 services

The financial impact on the business sector as a result of fee reduction is estimated at Dhs113m in 2020

Saudi extends exit, re-entry visas of expatriates

The extension will be done automatically without the need to visit the passport headquarters

UAE cabinet approves new paid leave policy for select government employees

Married employees may take fully paid leave to take care of children below the age of 16

Ajman Crown Prince postpones all business fines; announces new economic incentives

The new economic stimulus package provides relief to businesses operating across foreign trade, customs, tourism and real estate sectors

Abu Dhabi boosts local businesses with $4bn in tenders

The country has reported 2,359 cases of coronavirus and 12 deaths

Gold rallies, spread balloons with pandemic’s fallout in focus

Gold futures surged above $1,700 an ounce to the highest since 2012

All commercial activities in Dubai to remain suspended until end of disinfection drive

Sectors that are exempt sectors will operate as usual

saudi arabia riyadh

Saudi private sector firms can cut salaries, working hours – report

The decision can only be carried out with consent from the employees

Abu Dhabi GDP hits Dhs620bn for first nine months of 2019

The emirate’s GDP grew 4.6 per cent, up from around Dhs592.9bn in the first nine months of 2018

Offices Send Their employees Home

UAE launches ‘early leave’ for private sector expats to return home during Covid-19 crisis

All establishments are to comply with this directive and employers must book a round ticket for employees availing of this facility

Sheikh Mohammed

No fines for residency visa violations in UAE until the end of the year

The decision was announced following a virtual cabinet meeting on Sunday

Central Bank UAE

UAE Central Bank appoints new governor; extends debt relief measures to December 31

Saeed replaces Mubarak Rashed Khamis Al Mansoori who occupied the post since 2014

Abu dhabi uae capital flag

Abu Dhabi extends closure of malls, cinemas, commercial establishments indefinitely

The Abu Dhabi Department of Economic Development will be carrying out inspection visits to ensure compliance with its directives

LinkedIn to offer free recruiting tools in the UAE for people with ‘critical skills’

Companies can post mission-critical jobs for free on the platform from April 1 to June 30

Dubai launches website to track cost of essential products, protect consumers

Consumers can raise complaints or pose queries regarding the prices of the commodities via the website itself

Dubai Chamber launches webinars to underpin business continuity

The chamber organised its first online workshop in partnership with McKinsey & Company

coronavirus

UAE issues new remote working directives for private sector within the country

Companies must set up screening points at the entrance to its offices and limit the number of office-based workers to not more than 30 per cent of its workforce

US to meet with Russia, Saudi Arabia amid crash in oil prices

The global benchmark crude has already plunged to record lows, completing the worst quarter in history on Tuesday

TOPSHOT-SPAIN-HEALTH-VIRUS

Covid-19: The new business opportunities in the Middle East and beyond

While the Covid-19 outbreak has created pandemonium globally, some business segments from education and entertainment to telemedicine and telecommunications now have a bigger role to play than ever before

UAE issues decree to regulate private sector job cuts, salary reductions during Covid-19

The provisions of the new resolution are only applicable to expatriate employees

Sharjah extends suspension of all activities until the end of April

If required, the suspension will be extended beyond the end of April too

Sharjah Chamber of Commerce provides online attestation services

The service can be availed through the chamber’s website or its smart application

Covid-19: Dubai free zones offer stimulus package with rents postponed, fines cancelled

Rents will be postponed for six months while temporary contracts will be handed out

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum

Dubai suspends all residential and commercial property evictions

Imprisonment judgements on all rental-related cases have also been suspended

Dubai directs private sector companies to work from home

The directive is effective from March 25 until April 9