The directive is effective from March 25 until April 9
Demand is down about 15 million to 20 million barrels a day and will shrink further with India’s decision to go into lockdown
The nation’s central bank earlier this month rolled out a $27bn package
All shops within these markets will be exempted from paying rent for three months
The emirate listed a $1bn sukuk on Nasdaq Dubai in April 2019, and another $750m sukuk in October
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
Those who necessarily need to be present in the office will work shorter hours and in shifts
The Finance Ministry it would exempt the private sector from some government fees and delay other payments
Income losses for workers are estimated between $860bn and $3.4 trillion by the end of 2020
The move follows a similar announcement by the US Federal Reserve
All vehicles will be exempt from paying road tolls until the end of 2020
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
Banks across the country are expected to exercise stable lending practices and treat customers fairly
What do startups look for to start off on the right foot in the region
Package includes cancellation of some fees, reduction in utility bills for three months
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
The central bank has also set up a committee which is communicating with banks on procedures to ensure continuity of banking
Annual revenue meanwhile rose by 36 per cent in 2019 to $7.68bn from $5.6bn in 2018
DP World, UAE Region currently contributes to over 33.4 per cent of Dubai’s GDP
It puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories
The policy will be gradually applied to all the other emirates across the country
Goldman Sachs warns that prices could drop to near $20 a barrel
![Burj Khalifa[2] dubai](https://gulfbusiness.com/wp-content/uploads/2019/02/Burj-Khalifa2-dubai.jpg)
Of the total number of licences issued by Dubai DED last month, 72.4 per cent were professional and 26.1 per cent were commercial
Almost 4.8 million shares which belonged to Shetty were held in a nominee account in Falcon Private Bank which were then transferred to First Abu Dhabi Bank on February 5
The project is part of Phase III, expected to be completed by 2022, of the Al Shindagha Corridor Project
The amount is available as direct loans to foreign buyers and as lines of credit to international financial institutions importing goods and services from UAE companies
The coronavirus infection that has left China grappling, has also managed to disrupt the global supply chain
The country’s minister of state also added that it was too early to assess the full impact of VAT on the national economy
Central banks in the GCC matched the Fed’s half-percentage point cut
Ai Everything has been postponed indefinitely, while Careers UAE will take place in October this year