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Month: May 2020

Posted on 19/05/2020

An $800 fine if you don’t wear a mask: The UAE introduces new coronavirus penalties

The UAE announced stricter Covid-19 measures and steep fines for those who flout rules less than a month after partially relaxing restrictions.
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Posted on 19/05/2020

UAE’s Hope Probe prepares for launch to Mars

The UAE is set to launch a mission to Mars, with a probe it hopes can help unlock secrets of the Red Planet’s climate.
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Posted on 19/05/2020

Dubai RTA renames two stations

DUBAI – Dubai’s Roads and Transport Authority, RTA, has signed an agreement granting Mashreq Bank the naming rights of the ex-Sharaf DG Metro Station. Thus, the new name of the station has become …
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Posted on 19/05/2020

UAE retailers have more adjustments to do with changed mall hours

UAE malls and retailers are in for another round of adjustments to do with retail timings shifted from 9am to 7pm. But even before the latest change in operating hours, the one key requirement – …
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Posted on 19/05/2020

UAE- RTA signs Metro Station Naming Rights agreement with Mashreq Bank, renames two other stations

Dubai’s Roads and Transport Authority, RTA, has signed an agreement granting Mashreq Bank the naming rights of the ex-Sharaf DG Metro Station. Thus, the new name of the station has become Mashreq …
( read original story …)


Posted on 19/05/2020

Abu Dhabi sells more dollar bonds by re-opening April issuance

Abu Dhabi is offering more U.S. dollar-denominated bonds to the market, as governments in the Gulf region seek extra cash amid the economic downturn caused by the coronavirus pandemic and a slump in …
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Posted on 19/05/2020

Abu Dhabi Offers More Bonds to Stockpile Cash

Abu Dhabi is seeking to raise more money in international debt markets just weeks after pricing $7 billion of bonds, as countries around the world bolster their finances in the face of the Covid-19 …
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Posted on 19/05/2020

The Fintech Sector Will Become Even Stronger After COVID-19, According to New Report from Dubai

The Fintech sector will become even stronger after COVID-19, according to a new report from the Dubai Future Foundation.
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Posted on 19/05/2020

Arabnet and Wamda launch report on the impact of COVID-19 on the technology entrepreneurship ecosystem in MENA

Wamda, the region’s leading ecosystem enabler, and Arabnet, the region’s leading event, insights, and innovation program organizer focused on tech business and innovation, have joined efforts to …
( read original story …)


Posted on 19/05/2020

Abu Dhabi Offers More Dollar Bonds as Borrowers Stockpile Cash

Abu Dhabi is seeking to raise more money in international debt markets just weeks after pricing $7 billion of bonds, as countries around the world bolster their finances in the face of the Covid-19 …
( read original story …)


Posted on 19/05/2020

UAE to Expand Nightly Coronavirus Curfew, Allow More Residents to Return

Emirati residents on March 19, said it would next month start receiving those with valid residencies stranded abroad whose families are in the UAE, state media reported. The nationwide curfew, which …
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Posted on 19/05/2020

UAE- Sharjah Social Services Department launches ‘Eid Joy’ project

(MENAFN – Emirates News Agency (WAM)) SHARJAH, 18th May, 2020 (WAM) — Sharjah Social Services Department, SSSD, has launched the seventh edition of its project, “Eid Joy” to provide gifts and clothes …
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Posted on 19/05/2020

Ten Artists Awarded Sharjah Art Foundation Grants to Create New Work

The Sharjah Art Foundation has named ten artists as the recipients of its biannual Production Program grants. The 2020 grantees—Jumana Emil Abboud, Mohamed Abdelkarim, Noor Abuarafeh, Basma al-Sharif, …
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Posted on 19/05/2020

Coronavirus crisis ‘could help ease Gulf tensions’ – UAE

Coronavirus stokes Middle East boiling points;; As far back as late January, he says, the UAE’s national security advisor warn …
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Posted on 19/05/2020

UAE to expand nightly curfew after increase in coronavirus cases: official

The United Arab Emirates will extend a nightly curfew by two hours from this week after reporting an increase in daily cases of the coronavirus, an official said on Monday. The curfew, which currently …
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Posted on 19/05/2020

Global advisory giant to launch major digital finance operation in Dubai

One of the world’s largest independent financial advisory and services organisations is to develop a major digital finance operation from Dubai, confirms its CEO and founder. deVere Group’s Nigel …
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Posted on 19/05/2020

GCC to see new phase of bank mergers in post-Covid period

The GCC region may see a second wave of mergers and acquisitions that will be driven by economic rationale in the post Covid-19 era, according to Mohamed Damak, S&P Global’s senior director and head …
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