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Month: May 2020

Posted on 31/05/2020

Coronavirus: UAE government apps helped keep things intact, say residents

The UAE – with its constant vision and foresight – has kept up with technology and designed avenues to aid residents’ daily functions.
( read original story …)


Posted on 31/05/2020

UAE- Lincoln Aviator Presidential Takes on Bumps and Dips, Turning Every Trip into a Refined Journey

Lincoln Aviator introduces advanced suspension system that pairs pothole mitigation and Lincoln-first road preview technology to deliver a smooth, refined ride >Lincoln-first Adaptive Suspension with …
( read original story …)


Posted on 31/05/2020

Abu Dhabi Islamic Bank CEO Manna Resigns After a Year on Job

Abu Dhabi Islamic Bank PJSC said its Chief Executive Officer Mazin Manna resigned, just over a year after the Credit Agricole SA banker assumed the role.
( read original story …)


Posted on 31/05/2020

BRI: COVID-19: Chinese property investors expand their horizons

While the coronavirus pandemic is having detrimental effects on the real estate sector across the world, Chinese buyers continue to search the world for good deals although overall deal closings fell …
( read original story …)


Posted on 31/05/2020

Covid-19: Oversupply of property in UAE and long-term consumer confidence

In a post Covid-19 world, the property sector needs to adapt and re-align to meet customer demands and mitigate the long-term effects of the pandemic …
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Posted on 31/05/2020

Dubai boasts 7% clean energy – DEWA CEO

which aimed to provide seven percent of Dubai’s total power output from clean energy sources by 2020 and 75 percent by 2050. Al Tayer revealed that DEWA’s total installed capacity is 11,700MW of …
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Posted on 31/05/2020

Dewa surpasses its clean energy target for 2020

Dubai Electricity and Water Authority (Dewa … Out of total installed capacity of 11,700MW of electricity, 1,013MW is produced from photovoltaic solar panels at the Mohammed bin Rashid Al Maktoum …
( read original story …)


Posted on 31/05/2020

UAE plans to introduce new regulations to combat fake education certificates

The proposed tougher legislation, which will be taken to the FNC meeting for further discussion before being passed by all members.
( read original story …)


Posted on 31/05/2020

Overseas Filipino workers in UAE can now send money home for free

MENA: Overseas Filipino Workers (OFWs) in the United Arab Emirates can now send money to their families in the Philippines without any transaction fee. GCash has announced their partnership with …
( read original story …)


Posted on 31/05/2020

Reopening responsibly: Owners to wait outside while pets get examined at Sharjah vet clinics

The clinics, operated by the Sharjah Municipality, were closed temporarily as part of preventive measures taken by the civic body to limit the spread …
( read original story …)


Posted on 31/05/2020

Dubai Inc. Debt Distress Emerges as a Risk for Corporate Sector

Bank of America Corp. warned that “more corporate distress” is possible for some of the debt owed by Dubai government-related companies in case of a prolonged economic downturn.
( read original story …)


Posted on 31/05/2020

Share of clean energy is around 9% of Dubai’s energy mix: DEWA

… of the solar park became operational in 2013 using photovoltaic solar panels. It contributes to reducing over 15,000 tonnes of carbon emissions annually. The 200MW photovoltaic 2nd phase was …
( read original story …)


Posted on 31/05/2020

Dubai’s first fully integrated purpose-built student housing community nears completion ahead of new academic year

At 90% completion, The Myriad Dubai will offer 1,720 multi-sized, fully furnished rooms for students in time for the new academic year …
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Posted on 31/05/2020

Ministry of Finance reduces some UAE federal fees

UAE’s Ministry of Finance (MoF) has reduced some federal fees as part of its ongoing support for businesses in the country during the Covid-19 pandemic. In particular, the ministry reduced the fees …
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Posted on 31/05/2020

UAE Central Bank issues guidance to calculate COVID-19 credit losses

The Central Bank of the UAE has issued guidance to financial institutions (FIs) on the application of International Financial Reporting Standard 9 (IFRS 9) to ensure that credit losses due to COVID-19 …
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Posted on 31/05/2020

Saudi Arabia, UAE to witness rare partial solar eclipse on June 21

Saudi Arabia and the United Arab Emirates’ Dubai will witness a rare partial solar eclipse on June 21 which will last for approximately two hours, the Dubai Astronomy Group announced on Saturday. The …
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Posted on 31/05/2020

Cisco facilitates Expo 2020 Dubai’s transition to remote working

Work is continuing and teams are leveraging Cisco’s technologies to create memorable experiences and deliver a World Expo that will positively impact future generations. When the UAE government …
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