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
DAFZA will also cancel fines issued to companies
The new directives will remain effective from April 21 – July 31, 2020
On April 25, Saudi reported 1,197 new Covid-19 cases with the highest number of new cases detected in Makkah
The holy month of Ramadan began on Friday, April 24 in the UAE
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
It also reported revenues of Dhs2.99bn for Q1 2020, down 4.8 per cent compared to the corresponding period in 2019
The committee will ensure the existence of valid employment contracts and that workers are receiving their salaries
It involves setting up a taskforce as well as the possibility of converting government buildings into medical facilities
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
Employers must ensure that they comply with the mandatory provisions of Health Insurance Law Number 11 of 2013
Dubai residents, excluding employees of vital sectors, will continue to require movement permits to leave their homes
The kingdom has allocated an amount of SAR50bn to expedite the payment of dues to the private sector
Danube said it is continuing to operate some of its construction activities
The emirate’s GDP grew 4.6 per cent, up from around Dhs592.9bn in the first nine months of 2018
All establishments are to comply with this directive and employers must book a round ticket for employees availing of this facility
Employers are seeking candidates with specialist skills, industry experience, and systems knowledge
Up to 82 per cent of UAE business leaders find it challenging to employ relevant talent, finds study
The Dubai residential market is expected to bottom out soon, states study
A hard landing is likely unless something happens to kickstart global growth, writes Reuters columnist John Kemp
The move came after Canada’s foreign ministry urged Riyadh to release arrested civil rights activists
The new requirement will come into force from later this year
Previous attempts to introduce the legislation have been met with opposition from some Emiratis
The fees have to be paid through the government-run SADAD payment banking system
Qatar forecast a fiscal deficit of 7.8 per cent of GDP this year, the first deficit in 15 years
The International Monetary Fund expects Iran’s economy to expand 1.5 per cent in 2014.