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Iran missile that downed Ukraine jet fired ‘without permission’

Iran has sent the aircraft’s black boxes to France for analysis after months of delay

JAPAN-AUTOMOBILE-NISSAN

Nissan Middle East reports 0.5% growth in domestic sales for FY 2019

It will introduce eight new models to the region over the next two years

Saudi coalition forces destroy 8 ‘bomb-laden’ drones, 3 missiles launched from Yemen

The attacks were targeting “civilians in the kingdom” officials said

UK-based Arena Group merges UK, Europe, Middle East and Asia divisions

The company said the move will allow for “maximum utilisation of resources” across the EMEA region

OPEC says virus to keep fuel demand under pressure this year

The slow resumption of flights will constrain jet-fuel consumption, and high unemployment will restrict gasoline use

Do regional corporate boardrooms have enough women representation?

More women in boardrooms and senior leadership roles can lead to better financial performance, enhanced client insights, and improved board effectiveness

L’Oréal Middle East launches programme to support UAE’s Covid-19 relief efforts

More than 84,000 essential and personal care products worth Dhs4m have been donated to NGOs and hospitals

Goldman banker moving from Dubai to London in latest change to Mideast lineup

Fabrice Francois will join Goldman’s mid-market advisory franchise, known as the cross markets group

Hyundai to donate medical equipment worth $2.4m to countries in MEA

Over 603,000 items including face masks, hand sanitisers, protective equipment and 43 ambulances will be donated to 37 countries

Missiles in 2019 Saudi oil attacks came from Iran, UN says

Missiles and a swarm of drones set off fires at the crude processing plant in Afif in May 2019, causing extensive damage and causing a spike in global oil prices

Emirates announces four repatriation flights to Cairo from Dubai

The flights will depart from Dubai to Cairo on June 14, 18, 19 and 21

Four MENA IPO deals raise $814.2m in Q1 2020

Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019

Deutsche Bank’s head of EMEA to exit the company

Ashok Aram, who also heads the firm’s international private and commercial bank operations, is departing for personal reasons

Uber’s Middle East unit Careem sees recovery after 80% slump

According to the CEO, Careem has ruled out further job cuts after reducing staff by 31 per cent in May

Revealed: Top 10 companies in the Middle East in 2020

In this year’s Forbes list of the Middle East’s Top 100 Companies 2020, Saudi Arabia led the pack with 33 entries

Worst may be over for biggest Arab economies as businesses adapt

Following a pandemic-driven plunge, non-oil private sector activity improved in Saudi Arabia, Egypt and the United Arab Emirates

Covid-19 impact on the power sector – what does the future hold?

In the wake of the pandemic, public and private power companies in the MENA region need to adjust their strategies

Women’s wealth in Middle East to rise 9% by 2023 – report

Women’s wealth in the UAE and Saudi Arabia amounts to $103bn and $224bn respectively

Three women in Saudi’s Jazan injured in missile attack

Shrapnel from the missile attack wounded the three women and damaged one house

Russia sees oil market balance in June-July on OPEC+ cuts

Producers have lowered global oil supply by around 14-15 million barrels a day

GE’s regional head Nabil Habayeb takes on global role in the company

Habayeb has now been named as the senior vice president of GE, and the president and CEO of its Global Growth Organization

Facebook Journalism Project launches fund to support local newsrooms amid Covid-19

Facebook will work with the International Centre for Journalism (ICFJ) to offer grants, webinars and professional mentorship to support publishers

Message from the top: Anurag Agrawal, managing director, Canon Middle East and Turkey

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

Oman Muscat

Oman schools to end academic year without exams; Muscat extends lockdown to May 29

The decision applies to private and public schools which will end the current academic year on May 7

Message from the top: Ethan Xue, president, OPPO MEA

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

Abu Dhabi’s ADQ to buy Jordanian firm from founders, Carlyle

Last week, the company acquired 30 per cent of shares in National Petroleum Construction Co. it didn’t already own

Revealed: Indian repatriation flight schedule from the UAE

There will be 10 Air India flights organised from Dubai, Sharjah and Abu Dhabi to India from May 7-13

Volkswagen Middle East

Volkswagen Middle East launches new e-commerce platform in UAE, Saudi Arabia

A Live Chat facility will also allow customers to access an online personal chat with a dealership’s sales representative

India to begin repatriation of stranded citizens, including from UAE, this week

Citizens will be transported via aircraft and naval ships and will be quarantined for 14 days upon arrival at their destination in India

Abdul Aziz Al Ghurair launches Covid-19 fund for refugee education

The fund focuses on refugees living in overcrowded camps, informal tent settlements and congested host communities where access to online education is currently out of reach