The package is valued at Dhs200m and expected to benefit over 1,500 businesses
Waleed Al Mokarrab Al Muhairi replaces Mohamed Thani Al Rumaithi who recently tendered his resignation
DFM had announced the temporary closure of the premises on March 16 in the wake of the Covid-19 pandemic
Public and private sectors can resume work with a maximum of 30 per cent capacity
The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World
The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases
The UAE announced on Wednesday that it had completed the National Sterilisation Programme
Several economic and tourism activities in Sharjah are allowed to reopen at 50 per cent capacity on June 24
International travel as well as entry to the kingdom via land and sea will remain suspended
These are some of the biggest trends set to shape the region post pandemic, according to LinkedIn
More than 140,000 eligible customers have already benefited from the TESS liquidity facility
The rate of infections in the last three weeks has fallen considerably while the rate of recoveries has increased
The investment firm could raise more than $3bn through a five-year loan
It contributed 9.9 per cent to Dubai’s GDP in 2018
The country has a pipeline of federal infrastructure projects worth Dhs20bn
Non-oil growth is projected to contract by 4.1 per cent in 2020 due to the adverse implications of Covid-19
The top five destination countries for remittances were India, Pakistan, Philippines, Egypt and the US
Mosques in the country have been closed for the last three months due to the coronavirus pandemic
Lawmakers are also calling for limiting the duration of residence for foreign workers in the country
As the Covid-19 pandemic continues to wreck economies across the world, how are the main pillars supporting the GCC’s economy holding up?
Foreigners account for nearly 3.4 million of Kuwait’s 4.8 million people
Regional governments must undertake key measures to ensure a renewed and sustained approach to economic recovery
Any establishment that does not comply with the midday work ban will face a fine of Dhs5,000 per worker
The next six to nine months will be “tough” for the aviation industry
Mosques across the country are expected to reopen later this week
A sale could happen as soon as this week and proceeds will be used for general budgetary needs, sources said
Domestic flights are also allowed to resume in the kingdom
The measures include a 50 per cent reduction in the fees to register suppliers
The programme will begin at 10pm across the UAE except in Dubai, where it will start at 11pm
The decision to increase the number of employees will be reviewed weekly based on the prevailing health conditions