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
Partial restrictions are expected to remain in place
The virtual meeting was attended by representatives from the city’s aviation and hospitality sectors
Producers have lowered global oil supply by around 14-15 million barrels a day
There will be no restrictions on movement between 6am and 11pm
Employment across the GCC could fall by around 13 per cent due to the impact of the coronavirus
As the pandemic forced factories all over the world to shutter and people to stay home, the global economy has plummeted and oil prices have dropped by almost half since the start of the year
The country has also announced new timings for malls starting from Wednesday
Oman has resorted to spending cuts to stabilise public finances
Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor said in April
Users can access more than 5,000 government services using a single username and password
Officials said low risk individuals are eligible to be in the workplace, but urged remote working wherever possible
Representatives of family businesses met with Dubai government officials last month
Its underlying EBITDA grew 4.7 per cent year-on-year to $171m in the first quarter of 2020
The kingdom has hiked its VAT rate from 5 per cent to 15 per cent starting July 1
Those infected with the coronavirus must be granted sick leave in line with the UAE law
Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF
The steps taken to shore up revenue and rationalise spending are valued at about SAR100bn in total
Its net loans stood at Dhs247bn and customer deposits at Dhs263bn as of the end of Q1 2020
The group’s revenues decreased 5 per cent to Dhs104bn