Dubai’s DIFC offers three-month rent waiver to retailers

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

Saudi Ports Authority, Saudi Global Ports sign mega BOT agreement

The agreement will create more than 4,000 job opportunities in the port and logistics sector

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

Talabat rider

Talabat now offers 24×7 grocery delivery service in Dubai

The company said that it fulfils deliveries within an hour and offers groceries at hypermarket prices

UAE port operator Gulftainer prioritises incoming shipments of medical supplies

The interim and complimentary ‘Express Service Lane’ by the UAE-based company is part of its efforts to aid in the country’s Covid-19 response

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

Bottles of Hand Sanitizers

Dubai Municipality withdraws these six hand sanitizers from the market

It warned that these products could affect the nervous system and even cause blindness in severe cases

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

Saudi Arabia’s Bahri to donate SAR10m to the kingdom’s ministry of health

On Tuesday, Saudi reported 110 new coronavirus cases, raising the total number infections in the country to 1,563

Norbert Ruecker

Understanding the impact of the oil price war on the Middle East

A closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term

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

Dubai clarifies directive on closure of commercial establishments

Dubai Economy has outlined businesses which are affected by this decision, the exemptions and the duration of the closure too

Dubai-based DP World reports 8.3% drop in full-year profits in 2019

Annual revenue meanwhile rose by 36 per cent in 2019 to $7.68bn from $5.6bn in 2018

jafza jebel ali free zone

Dubai’s Jebel Ali Free Zone slashes business licence fees by up to 70%

DP World, UAE Region currently contributes to over 33.4 per cent of Dubai’s GDP

arabian travel market

Dubai trade fair Arabian Travel Market postponed due to coronavirus

The travel exhibition will now be held from June 28-July 1, 2020

Saudi Arabia launches recruitment drive for Expo 2020 pavilion in Dubai

There will be a 50:50 ratio maintained in the number of males to females accepted into the programme

Iraq to suspend border trade with Iran, Kuwait from March 8-15

Sea- and air-borne trade will continue as long as personnel and goods involved have the necessary paperwork from their originating countries

amadea imperial

Dubai International Boat Show to showcase its biggest yacht ever

The superyacht will feature a helicopter deck, swimming pool and two bespoke guest tenders too

umex abu dhabi

Abu Dhabi’s UMEX 2020 concludes with Dhs750m deals

The total number of exhibitors was up nearly 40 per cent compared to the previous year

China to halve tariffs on $75bn US goods from February 14

Chinese tariffs on American goods from September 1 last year will be lowered, with the rate on some dropping from 10 per cent to 5 per cent

US lifts sanctions on unit of China’s biggest shipping company

In September, restrictions were levied on the Dalian units of China COSCO Shipping Corp., which increased freight rates considerably

Dubai’s non-oil trade grew 6% to reach Dhs1.02 trillion in first nine months of 2019

The emirate’s exports totaled Dhs118bn and re-exports grew to Dhs312bn, while imports equalled Dhs589bn

US and China sign first phase of trade deal

The deal outlines a $200bn spending spree by China to try and close its trade imbalance with the US

Non-oil trade between UAE, Japan totalled Dhs481bn from 2009-2019

The value of the overall trade between the two countries in the first half of 2019 reached Dhs26bn

DAFZA’s foreign trade totaled Dhs120bn for first nine months of 2019

It contributed 12 per cent to Dubai’s Dhs1.02 trillion foreign trade during that period

Gold steadies with US, Iran stepping back from the brink

Spot gold fell 1 per cent to $1,540.33 an ounce, only $11 higher than the closing price the day before the US strike

Revealed: Dubai’s biggest foreign trade partners during the first nine months of 2019

The emirate’s non-oil foreign trade grew 6 per cent to cross Dhs1 trillion between Jan-Sept

Dubai slams ‘smear campaign’ against UAE products

Dubai Media Office asserted that all products manufactured in Jebel Ali were subject to quality checks

UAE pledges gentle start to new IMO 2020 shipping fuel rules

New environmental regulations on the sulfur content in a vessel’s fuel enter into force on Jan. 1