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Yearly Archives: 2020

ATM Virtual Panel Advises Hoteliers Not to Drop Room Rates

Hotels must not drop rates to increase occupancy, instead they should adapt to ‘new normal’ - embracing innovative technologies and being creative with...

Dubai Investments Announces 10% Cash Dividend

Dubai Investments, the leading Middle East investment and a public joint stock company listed on the Dubai Financial Market (DFM), has announced distribution of...

ESG Funds on The Radar for MENA Based Investors

Companies with better ESG ratings outperformed the broader market during turbulent first quarter Strong performance could continue as the world aims to ‘build...

Can GCC VAT Hikes Offset Covid-19’s Fiscal Impact?

Emergency tax measures introduced in the region include the extension by several months of due dates for filing tax returns, the reduction or elimination...

Resurgence of COVID-19 Could Cause Global Economic Depression

According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19. Our base...

Emirates Offers Flights to 29 Cities; Resumes Transits Through Dubai

More flights for passengers will be available from 15th June between Dubai and 16 cities: Bahrain, Manchester, Zurich, Vienna, Amsterdam, Copenhagen, Dublin, New York...

DIFC Companies to benefit from Master Employee Health Insurance Policy

· DIFC signs MoU with EC3 Brokers Limited to establish a group health scheme for the Centre’s 2,437 registered firms · First of its kind...

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...