#Covid-19

UAE’s ENBD REIT announces rent relief measures to aid tenants

ENBD REIT would require tenants to provide requisite documents for it to extend adequate rental relief

Procter & Gamble to donate masks and sanitisers as part of Covid-19 mission

P&G will produce and donate over one million masks and more than 100,000 hand sanitisers to frontliners in the UAE

UAE residence visa

UAE grants 3-month grace period for visa violators to exit the country

The amnesty includes all illegal residents and visitors who want to exit the UAE

UAE Covid-19

GCC Covid-19 update: UAE reports 873 cases; Saudi confirms 2,509 infections

The death toll in the UAE stands at 227 while 26 people in Oman have succumbed to the virus

How liquidation doesn’t always augur failure

In view of the current economic climate, business owners keen to consolidate and reduce overheads may look to liquidate

Abu Dhabi City United Arab Emirates

Abu Dhabi offers more bonds to stockpile cash

The fall in oil prices has put a strain on the finances of Middle Eastern energy-producing countries

Covid-19: UAE reports 832 new cases, changes disinfection drive hours and revises fines

The country has also announced new timings for malls starting from Wednesday

Oman cuts pay for new civil servants by up to 23%

Oman has resorted to spending cuts to stabilise public finances

GCC Covid-19 update: Saudi reports 2,593 cases; Kuwait announces 6 deaths

Saudi Arabia has registered a total of 57,345 cases since the outbreak

Saudi Binladin slashes jobs and pay to cut costs in half

The Jeddah-based construction conglomerate has reportedly put thousands of employees on indefinite, unpaid leave

Salman Khan

Video: Salman Khan has a message for Abu Dhabi residents amid Covid-19 crisis

The Bollywood star has urged people to stay at home and to get themselves tested in case they develop symptoms of the virus

Gold climbs to seven-year high as Fed warns on US economic growth

Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth

Dubai’s Emirates says no announcement made on ‘mass redundancies’

Media reports had claimed that the airline planned to cut about 30,000 jobs or 30 per cent of its workforce

coronavirus covid-19

GCC Covid-19 update: UAE reports 731 cases, Saudi registers 2,736 infections

The death toll in the UAE and Saudi Arabia has risen to 220 and 312 respectively

Abu Dhabi’s Mubadala announces rent deferment for ADGM tenants

This initiative is part of Mubadala’s ‘We Are Dedicated’ campaign, and aims to support commercial tenants

Saudi wealth fund said to be seeking $10bn margin loan

PIF is in need of capital as it embarks on an investment spree that has seen it build stakes in some of the world’s largest companies since the start of the coronavirus pandemic

Sharjah’s first drive-in cinema at Aljada to offer free daily screenings

Movie Nights at Aljada is scheduled to open on Wednesday, July 1

Indian embassy in Kuwait temporarily halts online registration for repatriation

The embassy said the service will resume after initial registrations have been accommodated

Razeen Field Hospital Abu Dhabi

UAE reports 796 new Covid-19 cases; Abu Dhabi inaugurates 250-bed field hospital

There are four more field hospitals under construction in Abu Dhabi

What role do GCC banks play in the current economic crisis?

Although the Covid-19 situation is straining financial institutions, banks have a major role to play in keeping economies buoyant during the current crisis and beyond

Explainer: Understanding cryptocurrency trading in the region

As Abu Dhabi prepares to launch regulated crypto trading later this year, Leon Smith, CEO of crypto firm DEX, explains how the system works

Abu Dhabi City United Arab Emirates

Abu Dhabi issues new guidelines for businesses reopening

Officials said low risk individuals are eligible to be in the workplace, but urged remote working wherever possible

Covid-19 testing UAE

UAE reports 747 new Covid-19 cases, total death toll reaches 210

The new cases were confirmed following 38,000 additional tests conducted in the country

coronavirus

GCC Covid-19 update: UAE reports 698 cases, Saudi registers 2,039 infections

The death toll in the UAE and Saudi Arabia has risen to 208 and 283 respectively

Saudi Arabia boosts food spending at home and abroad to secure supply

Following the Covid-19 outbreak, the kingdom introduced two initiatives worth $665m to support farmers and facilitate food imports

IEA head sees oil use below pre-virus levels for at least a year

Crude demand of about 100 million barrels a day prior to the pandemic plummeted by about 30 per cent last month

UAE may merge ministries post-coronavirus – Sheikh Mohammed

The UAE government held a three-day virtual summit to develop a post-virus strategy

Vox Cinemas launches drive-in cinema in Dubai’s Mall of the Emirates

Tickets will be priced per car and includes an F&B package

Sheikh Mohammed

Sheikh Mohammed grants 10-year Gold Card visas to Dubai doctors battling Covid-19

Gold Card holders are granted long-term residency visas covering them and their families without the need of a sponsor

GCC Covid-19 update: Saudi registers 1,905 cases; Kuwait records 7 deaths

The death toll in Saudi Arabia has risen to 273