#News

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

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

Dubai Ride

Dubai’s Sheikh Zayed Road to be converted to cycling track on November 20

Dubai Ride will allow cyclists of all abilities and experiences to ride through the city’s main highway

Abu Dhabi

Covid-19: Abu Dhabi changes entry rules, two additional tests required after arrival

Abu Dhabi has made it mandatory for Covid-19 PCR tests to be undertaken on the fourth and eighth day after entering the emirate

oil-big7

US elections: Gold drops, oil rises as results show tight race

Markets have been volatile during the final weeks of the campaign as investors fretted over the potential for a contested outcome

Sharjah

Sharjah announces new Dhs512m economic stimulus package

The package was approved by the Crown Prince of Sharjah, Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, on Tuesday

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

Abu Dhabi schools

Covid-19: Abu Dhabi private schools to resume campus learning for all students

Students across all grades can return to their campus at the start of their second semester in January 2021

Sheikh Mohammed Covid-19 vaccine

Dubai’s Sheikh Mohammed receives Covid-19 vaccine

The ruler took to Twitter on Tuesday to share an image of him receiving the Covid-19 vaccine

Oman airport

Over 75% of visitors to Oman show Covid-19 symptoms within 7 days

All travellers to Oman will be required to undergo a Covid-19 test seven days after their arrival into the country

Oman

Oman plans to levy income tax on wealthy individuals starting 2022

The International Monetary Fund sees Oman’s economy shrinking 10 per cent this year

Covid-19

Covid-19: UAE reports 1,234 cases, 1,516 recoveries

The total number of cases detected thus far in the UAE stands at 135,141

Saeed Hamad Obaid Al Dhaheri

Abu Dhabi Securities Exchange appoints new CEO

He was formerly appointed as CEO of Abu Dhabi National Energy (TAQA)

Ajman

Weddings and social events permitted to resume in Ajman

Effective November 1, these events can be held in halls, hotels and private homes too

Sheikh Mohammed bin Rashid Al Maktoum

UAE cabinet approves Dhs58bn budget for 2021

The new federal budget is 5.2 per cent lower than the 2020 figure of Dhs61.35bn

GCC Covid-19 update: UAE reports 1,278 cases, 1,606 recoveries

The death toll in the UAE has risen to 496

Saudi Arabia Makkah

Video: Man drives car into Grand Mosque in Makkah

The Saudi national has been referred to the Public Prosecution

Covid-19

UAE reports 1,312 Covid-19 cases; Dubai issues guidelines for social interactions

The Ministry of Health and Prevention confirmed that there were also 1,500 new recoveries

Etihad

UAE’s Etihad issues $600m sustainability-linked sukuk

The airline has committed to net zero carbon emissions by 2050 and a 50 per cent reduction in net emissions by 2035

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

Hospitality Care Centre Dubai Healthcare Authority Dubai Media Office

Covid-19: Dubai launches new dedicated centre for treating infectious diseases

The new centre is directly affiliated with Rashid Hospital, and has already begun receiving Covid-19 patients

Nasdaq Dubai Growth Market

Dubai launches new stock market for SMEs

The Nasdaq Dubai Growth Market will be operational by early 2021

Free parking Abu Dhabi

Free parking in Abu Dhabi this week

All private and public sector companies in the UAE have a paid holiday on October 29