#UAE

Abu Dhabi Commercial Bank ADCB

UAE’s ADCB posts Q3 2020 net profit of Dhs1.3bn; down 3% y-on-y

It reported a nine-month net profit from January-September 2020 of Dhs2.802bn, down 33 per cent compared to Dhs4.196bn in the corresponding period last year

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

UAE announces fuel prices for November 2020

Prices will remain unchanged for the eighth consecutive month

Dubai’s NBF posts 87% dip in net profit for first nine months of 2020

Its operating profit of Dhs707.3m for Q1-Q3 2020 plummeted from Dhs862.3m during the same period last year

Covid-19 update: UAE reports 1,400 new cases, 2,189 recoveries

The recoveries were the second highest daily figure reported since the virus first broke out in the country

LLB_Headquarters_Vaduz

Here’s how European private bank LLB is looking to grow in the GCC

Gulf Business speaks to Ludovic Pernot, head of Private Banking Middle East at LLB, on the Covid crisis and plans ahead

Capital Health Screening Centre Abu Dhabi

Covid-19: Tourists in Abu Dhabi can get tested for Dhs180 at new drive-through facility

Residents and tourists need not pre-book appointments, and will receive their results via SMS between 24 and 48 hours of being tested

Nasdaq Dubai Growth Market

Dubai launches new stock market for SMEs

The Nasdaq Dubai Growth Market will be operational by early 2021

Covid-19 update: UAE reports 1,390 cases; 466 infections registered in Oman

The death toll in the UAE has risen to 482

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

MENA’s open banking platform, Tarabut Gateway, launches in UAE

The company has opened an office in Abu Dhabi’s Hub71 and Dubai’s DIFC FinTech Hive

First Abu Dhabi Bank

FAB reports 19.3% dip in net profit for Q3 2020

Third quarter net profit rose 4 per cent sequentially

Aldar eclipses Emaar as top UAE developer on $8bn deal

The company expects more government projects to come its way

Abu Dhabi Flu vaccination

Free flu vaccines for all Abu Dhabi residents

They can also opt to receive the flu vaccines at home for a flat fee of Dhs500 per household

CEO ATKINZ GROUP - Mojtaba Shekofteh

Gold and pearl toothpaste: Here’s how Atkinz Group is entering the UAE market

Retail group Atkinz is seeking grow its regional presence by creating unique luxury products reveals Mojtaba Shekofteh, the group’s founder and CEO

GCC Covid-19 update: UAE reports 1,111 cases; 422 infections confirmed in Oman

The death toll in the UAE has risen to 480

Mohammed bin Rashid Al Maktoum Solar Park

Ducab HV secures cabling contract for MBR Solar Park in Dubai

The Phase 5 Project of the MBR Solar Park requires the use of approximately 275km of cable

Gym

Covid-19: Fitness centre in Dubai shut down due to repeated violations

Inspection teams from the Dubai Sports Council and Dubai Economy, alongside Dubai Municipality, carried out checks at facilities across the emirate

Aldar, ADQ sign agreement on Dhs30bn of Abu Dhabi projects

Aldar will also have management oversight of Musanada projects ranging from education, healthcare, infrastructure, social services and facilities management

UAE holiday

UAE confirms private sector holiday to mark Prophet Mohammad’s birthday

Private sector employees will have a three-day weekend, and will resume work on Sunday, November 1

Covid-19 update: UAE reports 1,359 cases, two deaths

The death toll in the UAE has risen to 477

Ibrahim Al Abed

Obituary: Ibrahim Al Abed, an inspirational journalist

Al Abed, founder of the Emirates News Agency WAM, passed away on October 20

Emirates Dubai International Airport DXB

Emirates launches ‘biometric path’ for contactless experience at Dubai airport

The biometric touchpoints are currently installed at Terminal 3 within DXB

Dubai Silicon Oasis Authority signs agreement with International Free Zone Authority

According to the agreement, new and existing IFZA companies can work from the integrated free zone technology park

Etisalat

UAE’s Etisalat recognised as world’s fastest mobile network

Previously, Etisalat won the Speedtest Awards for fastest mobile network worldwide in Q1-Q2 and Q2-Q3 2020

UAE revamps oversight bodies to boost economy’s competitiveness

Responsibilities of the Securities and Commodities Authority will be limited to regulating and overseeing local financial markets

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

Covid-19 testing UAE 8

UAE announces 1,563 new Covid-19 cases

The total death toll in the country has reached 475

Careem Dubai

Careem reduces fares in Dubai by up to 50%

The minimum fare on the Careem Max rides has been reduced by half