Since placing the capital Riyadh and other big cities under 24-hour curfew on Monday, Saudi Arabia has reported more than 300 new cases per day. The nationwide curfew, initially set for three weeks, …
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UAE central bank urges commercial lenders to use stimulus scheme
The United Arab Emirates (UAE) central bank has urged commercial lenders to use the $70 billion-worth of capital and liquidity measures launched by the regulator to support the economy during the …
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Expat workers in Middle East face uncertain future after Covid-19
chief economist at Peninsula Real Estate in Dubai. “Businesses will respond differently depending on their circumstances,” said Ali Al-Salim, co-founder of Arkan Partners, a consulting company for …
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OPINION: What will change after coronavirus passes?
It has enabled cities like Doha, Dubai, Istanbul and Abu Dhabi to style … If these investments perform no worse than actively managed and hedge funds, a further shakeout will be on the cards …
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UAE to boost strategic stockpile, waive visa fines over coronavirus
DUBAI (Reuters) – The United Arab Emirates will reinforce its stockpile of strategic goods and waive residency visa fines for the rest of the year in response to the coronavirus outbreak, its vice …
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Hedge Fund – Alden Global Capital
With offices in New York City, Dallas, Houston, Dubai, London and Mumbai, Randall Smith’s Alden Global Capital has grown to become a surprisingly big player in the media space, particularly in …
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Oman’s Taageer Finance and Sohar disclose 4.67m rial exposure to NMC
Oman’s Taageer Finance and Sohar International Bank disclosed they have exposures to embattled UAE healthcare firm NMC Health. Taageer, which provides auto financing and funding for industrial …
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Gold prices soar, but UAE shoppers are not giving it a look
But UAE shoppers will only be giving a casual look to the prices, with jewellery retail outlets still shut as part of the wider restrictions on commercial activity to counter the COVID-19 spread. “The …
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COVID-19: UAE Central Bank wants banks to speed up stimulus relief
The Central Bank said in a statement that it encourages all boards and managements of banks to accelerate their confirmation to implement TESS measures. “From our side, CBUAE will …
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UAE central bank urges commercial lenders to use stimulus scheme
The United Arab Emirates (UAE) central bank has urged commercial lenders to use the $70 billion-worth of capital and liquidity measures launched by the regulator to support the economy during the …
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UAE-funded sustainable projects exported to developing countries
Building on the UAE’s stewardship as a global leader in philanthropy and international development … mobile phones and oil lamps while conducting the childbirths — which is largely ineffective and …
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Bye, Earth! Mercury probe zooms off deeper into solar system
the solar disk. During a transit, Mercury appears as a tiny black dot moving across the disk of the Sun. Image Credit: Pixabay Dubai: While much has been reported of recent explorations to Mars …
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Sharaf DG Energy installs solar panels at 500 Dubai villas
said it has uccessfully completed the installation of solar PV panels in 500 villas across Dubai within 45 days. With the current Covid-19 pandemic affecting businesses and consumers across the globe, …
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Dewa shapes the future of utilities using Artificial Intelligence
The First Pillar is Solar Energy and this includes launching advanced solar power technologies in Dubai. One of Dewa’s key projects in this regard is the Mohammed bin Rashid Al Maktoum Solar Park, the …
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Sharaf DG Energy coverts 500 Dubai villas to solar power in just 45 days
Sharaf DG Energy, from the wider Sharaf Group has a mission to make solar power the largest source of sustainable energy in the UAE – with its most recent successful project being the conversion of …
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Solar Vehicle Market Projcted to Grow at a CAGR of 36.4%
Solar Vehicle Market” Solar Vehicle Market by EV (BEV, HEV & PHEV), Vehicle Type (PC & CV), Battery (Lithium-ion, Lead-acid, & Lead carbon), …
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Grundfos Dubai facility secures Leed Platinum recognition
Kostas pointed out that several years ago, the Dubai-based group had switched to using LED lights … According to him, last month, Grundfos had also activated solar panels on the facility which now …
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