Chris Payne of Peninsula Real Estate Management says the real problem in the GCC is not unemployment, but population shrinkage, as expats will be the first to be furloughed in an economic downturn.
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India begins repatriating workers left stranded in the UAE
Foreign workers – many of them Indian – make up 90 percent of the UAE’s population and many are stranded in the country after losing their jobs because of Covid-19. While India has vowed to repatriate …
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US Embassy issues scam warning for businesses in UAE
The US Embassy in the UAE has issued an advisory, warning businesses against fraudsters soliciting purchase orders for solar generators. The scam involves individuals falsely claiming to represent the …
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PLAY forays into the UAE market with the world’s first AI-driven wireless headset
PLAY one of India’s leading technology companies dedicated to providing unique, stylish and personalized experiences, has marked its entrance into the UAE market along with its leading headset brand …
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Align Technology launches first virtual invisalign scientific symposium featuring orthodontic speakers
Attendees of the 2020 Invisalign Scientific Symposium will be able to experience a virtual conference This website uses cookies to improve your online experience. They were placed on your computer …
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Dubai external trade reaches $87.9bln in Q1 2020
Dubai’s external trade has been able to maintain its momentum thanks to the diversity of its markets and its ability to adapt to global changes, trends and needs. We are reaping the benefits of what …
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Oman crude crosses $30-mark on Tuesday
Muscat: The Oman crude for July delivery was traded at Dubai Mercantile Exchange for $30.05 per barrel … Reflecting hopes that the oil industry may have passed the worst of coronavirus-induced …
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New UAE app allows for quick detection of coronavirus cases
The free app is a combination of the Stay Home and Trace Covid apps previously launched by the Department of Health An app has been launched by the Departments of Health in Abu Dhabi and Dubai to …
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Dubai fund snaps up $1.25bn Och Ziff stake
Dubai International Capital, the state-backed investment fund, is set to buy a 9.9 per cent stake in Och-Ziff Capital Management, the American hedge fund. Och-Ziff yesterday agreed to sell the …
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UAE launches initiative for global legislative framework for Islamic Finance
Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Governor of the Islamic Development Bank for the United Arab Emirates, announced the launch of the new initiative …
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Dubai developer Nakheel slashes salaries due to coronavirus crisis
Dubai property developer Nakheel has slashed salaries by as much as 50% as it tries to weather the coronavirus crisis, according to an internal email seen by Reuters, and its chief executive resigned …
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Dubai Palm-Island Developer Cuts Pay as Pandemic Hurts Revenue
Nakheel PJSC, the developer of the palm-shaped island in Dubai, joined companies in the Middle East business hub that cut pay after the coronavirus pandemic slashed demand at its malls and hotels.
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Mideast Petro-States Look Past Oil Rout to Chase Solar Power
Some of the Middle East’s biggest oil producers are pushing into solar energy even amid the rout in crude prices.Cheap crude used to deter investment in renewable energy in countries that depend on …
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Middle East petro-states look past oil’s crash to advance solar power plans
Whereas countries in the Middle East used to rely mostly on power stations fuelled by natural gas or crude, solar plants can now meet all of their likely growth in demand …
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Align Technology launches first virtual invisalign scientific symposium featuring world-class clinical and orthodondic speakers from across the globe
The Symposium will welcome a number of global orthodontist speakers who will share scientific data and their best practices in treating complex cases, in both the adult and growing patient populations …
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Fire engulfs 48-story residential tower in Sharjah, UAE
Fire crews battled for two hours to control a blaze in a 623-foot high tower in Sharjah in the United Arab Emirates.
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Egypt raises $2.2bln from IPOs in 10 years: Report
Cairo – Mubasher: The Egyptian Exchange (EGX) raised $2.2 billion from 23 initial public offerings (IPO) over the last decade, PwC said in its latest report: “Africa Capital Markets Watch 2019.” …
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