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Monthly Archives: May 2020

Emaar Tells Retailers: “Now Is The Time To Be Bold”

Emaar Chairman Mohamed Alabbar tells retailers to “be bold” as the UAE gradually comes out of the COVID-19 crisis. In a special virtual conference call...

Easing of Restrictions in Domestic Markets, Recovery in Oil Prices to...

Global equities continued the positive trajectory for the second consecutive week on the back of optimism over gradual reopening of several economies across the...

The State Of World Press Freedom

The 2020 World Press Freedom Index, compiled by Reporters Without Borders, was released this week. It states that the next 10 years are going to...

WHO Halts Hydroxychloroquine Testing Over Safety Concerns

The World Health Organization has suspended testing of the malaria drug hydroxychloroquine after a study published in The Lancet reported that COVID-19 patients taking the drug...

Dubai Emerges as a Destination of Sports Stars as They Prepare...

“Better facilities here in Dubai than in France,” says F1 driver Pierre Gasly As the world of sports came to a complete halt due to...

ATM Virtual to focus on potential Chinese Outbound Travel Market

One of the most eagerly awaited sessions during the Arabian Travel Market (ATM) three-day ATM Virtual event that takes place from 1-3 June 2020,...

First Day of Eid Al Fitr Announced

Sunday, the 24th of May, will be the first day of Shawwal 1441 H, marking the beginning of Eid al-Fitr, announced the Moon-sighting Committee...

Emirates Resumes Operations with Industry-leading Safety Standard

Emirates has unveiled multi-faceted measures for employee and customer care at every step of the travel journey, redefining safety and hygiene standards on board...

Emirates Loto Jackpot Stands at AED 50 Million

Emirates Loto, the region’s first, fatwa-approved, fully digital collectables scheme with optional free entry to a weekly draw has a whopping AED 50 million...

ACI and IATA Outline Roadmap for Aviation Industry Restart

Airports Council International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports...

Dubai SME Allocates AED 20 Million to Guarantee Capital for SMEs

Dubai-Based SMEs owned or managed by an Emirati can benefit from scheme Three-month payment holiday for SMEs to help during Covid-19 Eligible...

Dubai Land Department Introduces Remote Property Transaction System

Dubai Land Department, DLD, has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions...

Union Coop Launched ‘Drive Thru’ Shopping Service

Union Coop, the largest Consumer Cooperative in the UAE launched a new ‘drive-thru’ shopping service that allows consumers to shop from their vehicle, at...

UAE Develops a Rapid Coronavirus Laser Testing Technology

QuantLase Imaging Lab, the medical-research arm of the Abu Dhabi Stock Exchange-listed International Holdings Company, IHC, announced that it has developed novel equipment which...

Foreigners with Valid Residence Visa Can Return to UAE

The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Federal Authority For Identity and Citizenship (ICA) Monday said foreign nationals holding valid ...

COVID-19 Risks Outlook: Challenges and Opportunities

Economic distress and social discontent will rise over the next 18 months unless world leaders, businesses and policy-makers work together to manage the fallout...

Investors Should Be Cautious Due to Rising Global Markets Uncertainty

Global equities performed negatively during the week on the back of weak economic data, worries of a second pandemic wave and the timid recovery...

DME Oman Crude Up Over 100% Since Historic Production Cuts

Oman crude oil Benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other...