#Government

Saudi banks sign supply chain financing deal with government

The Finance Ministry has partnered with Saudi British Bank, Samba Financial Group and National Commercial Bank

UAE-HEALTH-VIRUS Dubai

UAE plans for ‘final stage of recovery’ from the Covid crisis – officials

Officials urge the public to adhere to precautionary measures to ensure the UAE reaches the recovery stage

law

UAE cabinet amends law on evidence in civil and commercial transactions

The amendments includes the introduction of remote communication technologies in evidence-related procedures

Kuwait expats

Kuwait urges expats with expired visas to alter status or exit the country by Nov 30

Officials said those found illegally residing in the country after November 30 will be deported and prevented from returning to Kuwait

President-Elect Joe Biden And Vice President-Elect Kamala Harris Address The Nation After Election Win

World leaders welcome Biden win as they seek reset in US ties

In his four years as president, Donald Trump upended decades of accepted American foreign policy

DEWA water reservoir

DEWA’s Dhs175m water reservoir in Dubai nears completion

The reservoir will have a capacity of 60 million imperial gallons, with construction expected to be completed in the first half of 2021

US Election

US elections: Biden-Trump battle shifts to swing states after early, easy wins

The early results gave Biden a 209-118 lead in the Electoral College

USA flag and contemporary glass skyscrapers in New York

How the outcome of the US elections could affect the global stock market

The 2020 elections will show what matters the most to American voters: the stock market performance, or the real economy

Mubadala acquires stake in Abu Dhabi-based AI specialist G42

Mubadala will integrate two of its entities, Injazat and Khazna, into G42

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed announces plans to build new satellite in Dubai

Expected to launch in 2023, the MBZ-SAT will be the second satellite to be built by an all-Emirati team

Turki Al Malki, Saudi coalition

Saudi forces destroy drones targeting civilians in the kingdom

The kingdom destroyed armed drones launched from Yemen on Saturday, Sunday and Monday

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Dubai

Sheikh Hamdan unveils new Dhs500m stimulus package for Dubai

The overall value of economic support provided by the emirate in 2020 has risen to Dhs6.8bn

UAE Bankruptcy law

UAE amends bankruptcy law to include pandemics

Debtors can request a grace period or negotiate a debt settlement with creditors for a duration of up to 12 months

Kuwait parliament assembly

Kuwait’s parliament passes law to cut expat numbers

The law does not include the previously proposed quota system for expat nationalities

Home tutoring

Fines of up to Dhs30,000 for home tutoring, private lessons in the UAE

Those responsible for the involved venues will be fined Dhs20,000

UAE Israel

UAE delegation led by Obaid Humaid Al Tayer signs landmark agreements with Israel

The UAE, US and Israel also established a $3bn Abraham Fund to help stimulate private sector-led investments across the region

Sheikh Mohammed Dubai

UAE cabinet approves resolution endorsing Abraham Accords peace agreement with Israel

The cabinet directed the initiation of constitutional procedures to issue a federal decree ratifying the agreement

wedding

Weddings and social events allowed to resume in Dubai

Event halls can accommodate a maximum of 200 people while the duration cannot exceed four hours

Dubai skyline

Dry night coming up in Dubai next week

The birth anniversary of Prophet Mohammad is expected to fall on October 29

Saudi umrah 2

Saudi resumes Umrah at 75% capacity, allows prayers at the Grand Mosque

The number of pilgrims allowed to perform Umrah has increased to 15,000 per day

Dubai UAE

Dubai launches new residency programme for overseas remote working professionals

Individuals and their families can apply for the relocation programme, subject to renewal every year

Bahrain

Bahrain launches 10-year multiple-entry visa for US citizens

The visa allows for a stay of up to 90 days during each visit to the kingdom

Kuwait virus

Kuwait warns against gatherings, mulls possibility of stricter measures to stop virus spread

Police officers remain “on the highest alert” to deal with any violation on the ban on gatherings

UAE residence-visa

Deadline ends for UAE visa holders whose permits have expired

Those whose visas expired between March 1 and July 11 had a three-month grace period, which ended on October 10

Turki Al Malki, Saudi coalition

Saudi intercepts another armed drone attack ‘targeting civilians’

Bomb-laden drones were launched towards the kingdom’s southern region on Saturday and Sunday

Oman’s National Gas Company terminates CEO

Oman orders two-week night curfew, shuts all beaches

The sultanate has warned of strict action against violators

Covid-19 testing UAE 4

Covid-19 update: UAE reports 1,075 new cases, Dubai Economy shuts service centre

The service centre in Dubai’s Al Twar area was shut down after its opening ceremony was found to be “overcrowded”

Abu Dhabi

Abu Dhabi Investment Office signs bilateral trade agreement with Israel Export Institute

ADIO will help connect Israeli companies with strategic entities and grant them access to resources in Abu Dhabi

Airline

Airline industry to burn through $77bn in cash during second half of 2020 – IATA

IATA urged governments to support the industry during the coming winter season with additional relief measures, including financial aid

uae currency dirhams

UAE Public Prosecution warns of life imprisonment for counterfeiting currency

Those found guilty will also be liable to pay a fine of not less than Dhs200,000