“This is a joint effort between the Dubai Health Authority, Indian community members, and Aster DM Healthcare,” said Vipul, the Consul General of India to Dubai. “The Indian Business and Professional …
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UAE banks use 30% of Covid-19 central bank support fund
Banks in the UAE have availed 30 percent of the AED50 billion ($13bn) Targeted Economic Support Scheme (TESS), according to the Central Bank of the UAE (CBUAE). The scheme was launched on March 15 to …
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Coronavirus: Dubai and Abu Dhabi landmarks lit up with Swiss flag
Dubai and Abu Dhabi’s landmarks were lit up with the Swiss flag on Sunday to thank for country for projecting the Emirati colours onto the Matterhorn mountain. Swiss authorities are lighting up the …
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Abu Dhabi’s $7bn bond offering draws strong investor interest
Offering was more than 6.3 times oversubscribed and order book reached in excess of $45bn A $7 billion multi-tranche international bond offering by Abu Dhabi was more than 6.3 times oversubscribed, …
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UAE groups implicated in suspected violation of Libyan arms embargo
The shipment, under investigation by a UN panel of experts, had a market value of nearly $5m at the time it was loaded in the UAE and was delivered last month to the city of Benghazi, the headquarters …
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Dubai’s Biggest Bank Books $696 Million in Provisions on Virus
Emirates NBD PJSC set aside about $700 million in the first quarter to cover bad loans, giving investors a glimpse at the damage the coronavirus and lower oil prices are wreaking on bank earnings in …
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Etihad To Try Symptom-Detecting Technology At The Airport
Etihad Airways will introduce technology to detect virus symptoms in passengers checking in at its base airport in Abu Dhabi.
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Central Bank of UAE monitors banks’ utilisation of Targeted Economic Support Scheme
he Cental Bank of UAE (CBUAE) is closely monitoring banks’ utilisation of the Targeted Economic Support Scheme (TESS) programme for the benefit of individuals, small and Medium Enterprises (SMEs) and …
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Combating coronavirus: No need to pay instalment, interest during deferred period, says Central Bank
Any interest accrued during the deferment period on the principal amount will be paid by the customer at a later date. The UAE Central Bank on Sunday said that customers affected by the Covid-19 …
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Dubai’s real estate ‘shows signs of stability in Q1’
While social distancing has created challenges for business continuity in the last two weeks, Dubai’s real estate sector has been largely unaffected in the first quarter of 2020, since the government …
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Combating coronavirus: Volunteer doctors support Dubai’s isolation facility for Indian workers
“This is a joint effort between the Dubai Health Authority, Indian community members … Dr Chithrakala said the patients have access to free WiFi and mental health support as well. “We return home …
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Sewa working on plan to ensure water supplies in Sharjah
Sharjah Electricity and Water Authority (Sewa) is developing a comprehensive plan to ensure the provision and continuity of water supplies for the emirate’s residents on par with the highest levels of …
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Turkey blocks Saudi and UAE news websites
Turkish authorities blocked Saudi and United Arab Emirates news websites on Sunday, days after the sites of Turkey’s state broadcaster and news agency were blocked in Saudi Arabia. The apparently …
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Dubai calls on Arab coders to tackle Covid-19 challenges
In a bid to encourage coders to develop solutions to tackle Covid-19 challenges, the Dubai Future Foundation (DFF … is closed and will be headed by a specialised committee comprising experts from …
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Dubai Silicon Oasis Authority announces new incentives, discounts for residents, companies
Benefits for DTEC startups The authority also approved a package of incentive measures for startups based at Dubai Technology Entrepreneur Campus (DTEC), which includes a waiver of all late payment …
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What Dubai consumers are complaining about: Electronics, e-commerce among top peeves
Dubai Economy receives 11,655 consumer complaints in Q1 2020 Total number of consumer … he is respected for his astute understanding of the local business scene.
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Abu Dhabi borrows $7bn as low oil price bite
The richest of seven sheikhdoms that make up the United Arab Emirates, Abu Dhabi sits on the bulk of the federation’s oil wealth. Qatar’s finance ministry said its own sale was oversubscribed by more …
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