The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis
As companies across the GCC tackle the challenges posed by the Covid-19 pandemic, regional business leaders reveal insights on what their organisations are doing and offer advice on how to deal with the current crisis
He added that state oil revenue has decreased by more than half, and non-oil revenue will decrease as well
The London-listed company, Finablr, had a market value of GBP77m when it was halted from trading in March, down from a peak of GBP1.5bn in December
Employers must abide by the Ministerial Decree No. 739 of 2016 that safeguards employees’ wages and which mandates that employment contracts are honoured
The sovereign wealth fund is estimated to have about $580bn under management
Waha Capital posted a loss of Dhs616m for 2019
Super 98 petrol will cost Dhs1.91 per litre, while Special 95 is priced at Dhs1.80 per litre
Meanwhile, the value of total assets of the UAE’s largest bank rose 14 per cent to Dhs835bn
Nearly 65 per cent of British Business Group members say they need more clarity on the UAE government schemes available to them
The emirate raised Dhs1bn through a private placement of eight-year Islamic bonds at a rate of 4.71 per cent earlier this month
For existing licence holders, the new fee will apply at the time of renewals
Egypt has reported 4,319 cases of the coronavirus, including 307 deaths
Lack of labour availability, disrupted supply chains and other impacts will require serious appraisal if organisations are to effectively deliver their reshaped services to customers
Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel
DAFZA will also cancel fines issued to companies
The new directives will remain effective from April 21 – July 31, 2020
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