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

Oil slumps again as collapsing demand counters stimulus efforts

Demand is down about 15 million to 20 million barrels a day and will shrink further with India’s decision to go into lockdown

UAE boosts stimulus to $34bn to fend off virus impact

The nation’s central bank earlier this month rolled out a $27bn package

Sharjah

Sharjah issues three-month rent waiver for commercial tenants

All shops within these markets will be exempted from paying rent for three months

Nasdaq Dubai

Sharjah lists $200m sukuk on Nasdaq Dubai

The emirate listed a $1bn sukuk on Nasdaq Dubai in April 2019, and another $750m sukuk in October

How the infrastructure assets business is countering the downturn

The volume of infrastructure deals has increased to $73bn so far this year, more than the $68bn of transactions announced during the first quarter in 2019

Sharjah activates work-from-home for government employees

Those who necessarily need to be present in the office will work shorter hours and in shifts

Covid-19: Saudi says measures taken will save companies $32bn

The Finance Ministry it would exempt the private sector from some government fees and delay other payments

Covid-19 pandemic could cause 25 million job cuts – ILO

Income losses for workers are estimated between $860bn and $3.4 trillion by the end of 2020

UAE Central Bank cuts interest rates

The move follows a similar announcement by the US Federal Reserve

Abu dhabi uae capital flag

Abu Dhabi reveals new initiatives such as toll waivers, fee cuts to support economy

All vehicles will be exempt from paying road tolls until the end of 2020

Saudi Central Bank declares SAR50bn package to combat coronavirus

Around SAR30bn ($7.99bn) is expected to be made available to banks and finance companies in return for deferring small- and medium-size businesses’ loans

UAE Central Bank announces Dhs100bn package to counter Covid-19

Banks across the country are expected to exercise stable lending practices and treat customers fairly

How the region’s startup ecosystem is gaining ground

What do startups look for to start off on the right foot in the region

Coronavirus: Dubai reveals Dhs1.5bn stimulus package to support businesses

Package includes cancellation of some fees, reduction in utility bills for three months

Lebanon to suspend flights to UK, Egypt, nine other countries

There will be a four-day grace period for Lebanese citizens to return from the countries on the list before the ban comes into effect