#News

Bahrain-Manama

Bahrain and Israel to begin direct flights, open embassies

Starting 2021, there will be 14 weekly flights operating between Bahrain and Tel Aviv

Abu Dhabi Israel

Abu Dhabi Global Market signs fintech agreement with Israel Securities Authority

The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent

Sheikh Mohamed bin Zayed 2

Sheikh Mohamed bin Zayed invites Israeli President for UAE visit

President Reuven Rivlin has also extended an invitation to Sheikh Mohamed to visit Israel

Vincent Reffet

French stuntman dies in Dubai in training accident

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, took to Instagram to condole the stuntman’s death

Oman

UAE-Oman bilateral trade reached Dhs48bn in 2019

Oman is the UAE’s second largest trading partner in the Gulf

Etihad A380

Etihad grounds entire A380 fleet; will commence Abu Dhabi-Tel Aviv daily flights from March 2021

The airline will launch a daily flight connecting Abu Dhabi to Tel Aviv from March 28, 2021

Central Bank of the UAE

UAE Central Bank extends Targeted Economic Support Scheme until June 2021

The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies

dubai-police-maserati

Dubai Police deny reports of detaining two Israelis

Media reports claimed that they were taken into police custody for photographing a government building

Emirates Loto

Emirates Loto with Dhs50m jackpot returns in the UAE; rebranded as Mahzooz

The inaugural Mahzooz draw will take place on November 21 at 9pm UAE time

Sharjah UAE

Sharjah real estate transactions total Dhs4.6bn in Q3 2020, up 10% y-on-y

There were a total of 14,854 real estate transactions completed in Q3 this year

Dubai Sports

Dubai to allow spectators to return to sporting venues

However, venues need to cap the attendance to 30 per cent of their capacity

UAE non-oil trade

UAE non-oil trade reaches Dhs658.3bn in H1 2020

The five biggest trading partners of the UAE were China, Saudi Arabia, India, the US and Switzerland

Dubai Fresh Market

Dubai Fresh Market begins selling Israeli produce

Israeli company Carmel Agrexco to invest in agricultural farms in the UAE

Sheikh Nahyan bin Mubarak Al Nahyan

Inaugural UAE Tolerance Esports Games to begin on November 13

Sheikh Nahyan bin Mubarak Al Nahyan launched the Global Commission for Tolerance in Esports and Gaming

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

Abu-Dhabi

UAE to establish new court to combat money laundering and tax crimes

The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion

The-Dubai-Mall-Fashion-Avenue-exterior

Emaar Malls reports 66% decrease in net profit for January-September 2020

It reported a net profit of Dhs586m and revenues of Dhs2.493bn during the same period

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

Abu Dhabi

Abu Dhabi announces rental discounts for additional private sector businesses

Beauty and hair salons, dental clinics and nurseries in the emirate can apply for a 20 per cent rebate

Pfizer COVID-19 Vaccine Data Shows 90 Percent Effective Rate

Pfizer says vaccine prevents 90% of Covid cases in study

Only 50 million doses are expected to be available in 2020

Dubai

Dubai Police to issue permits for face mask exemptions

The application will be processed within five days, with its validity contingent on the individual’s health condition

Etihad

Major restructuring among top management at UAE’s Etihad airline

The airline will position itself as a mid-sized, full-service carrier

SAUDI ARABIA TO HOST FORMULA 1 IN 2021 - JEDDAH CORNICHE

Formula 1: Saudi Arabia to host race in 2021

The kingdom will become the 33rd country to host an F1 race

bentley

Bentley to become electric-only carmaker by 2030

Every model line will offer a hybrid version by 2023, with the company’s first fully-electric model slated to be introduced in 2025

DEWA

DEWA opened 20 electricity substations in Dubai this year at a cost of Dhs2.6bn

DEWA’s total investments in power transmission has reached Dhs11.2bn

Dubai Metro

Video: Dubai Metro receives 50 new trains

The new metro trains have an 8 per cent increased capacity and can now carry 696 riders

UAE-Flag

Sweeping changes to UAE laws on inheritance, alcohol consumption, cohabitation and honour crimes

UAE President Sheikh Khalifa bin Zayed Al Nahyan approved the federal law decrees which have now come into effect

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

Commercial Bank of Dubai

Commercial Bank of Dubai lists $600m bond on Nasdaq Dubai

The six-year bond with a 6 per cent interest rate was 2.1 times subscribed