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Month: June 2020

Posted on 25/06/2020

COVID-19: Sharjah extends suspension of mass events till end of July

On March 14, Sharjah government suspended all mass events and celebrations across the emirate, in line with the instructions of the National Emergency, Disaster and Crisis Management Authority, as a …
( read original story …)


Posted on 25/06/2020

UAE: How do you manage loans that might be overwhelming you during COVID-19?

Dubai Courts decided that rather than imprisonment, they would start issuing fines for these offences which will give people the breathing space they need to get into a better position to manage their …
( read original story …)


Posted on 25/06/2020

Hub71 collaborates with UAE banks to help SMEs

The entities have also launched a whitepaper titled, ‘Rethinking Banking for Startups’, which explores the challenges that startups face when opening a UAE bank account. The whitepaper aims to foster …
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Posted on 25/06/2020

Dubai Police arrest 12 international cybercriminals targeting overseas victims

Al Marri further reaffirmed the force’s commitment to foiling cyber fraud and online scams using the latest technology. “As criminals constantly change their criminal methods, Dubai Police work …
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Posted on 25/06/2020

Video: Dubai Police bust Dh1.6b online fraud plan, arrest ‘Hushpuppi’ among 10 cybercriminals

The Dubai Police released a video on Thursday of their recent operation that resulted in the arrest of a gang of cybercriminals in Dubai. The force recently arrested Raymond Igbalode Abbas, also known …
( read original story …)


Posted on 25/06/2020

Watch: Dubai Police arrest Hushpuppi, 11 others in Dh1.6 billion money laundering, cyber scam

The gang including Hushpuppi, known for his display of wealth on social media. He would pose as a businessman to lure victims from all around the world. A team of Dubai Police …
( read original story …)


Posted on 25/06/2020

ADNOC’s $20bln deal marks UAE as top investment hub, will trigger more deals

ADNOC has signed a mega deal with a consortium of infrastructure investors and sovereign wealth and pension funds to invest in select ADNOC gas pipeline assets valued at $20.7 billion. Besides …
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Posted on 25/06/2020

Dubai mortgage platform sees 300% rise in applications during Covid-19

While one of the main barriers to launching Holo in the UAE was the real estate and banking sectors’ reliance on traditional, manual processes, Covid-19 accelerated the move to fast and easier digital …
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Posted on 25/06/2020

Second wave concerns spook UAE investors

The rise in coronavirus infections across United States has triggered concerns of a second wave and has hit global stock markets hard. UAE indices were also not spared as DFM declined by 0.47 per cent …
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Posted on 25/06/2020

Sharjah reopens parks with stringent regulations

All parks in Sharjah are now open, the emirate’s municipality has said. The civic body has put in place stringent regulations to getting to the post-Covid era in the emirate. Parks in Sharjah were …
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Posted on 25/06/2020

Lebanon Paying Price for Deteriorating Gulf Ties, Says UAE Official

DUBAI (Reuters) – A senior United Arab Emirates official (UAE) said Lebanon was paying the price of deteriorating ties with wealthy Gulf Arab states as it struggles to cope with a deep economic crisis …
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Posted on 25/06/2020

The UAE start-up ecosystem is growing: Hub71

Nader Museitif from Hub71 discusses how the UAE can stay competitive in the Middle East start-up space amid the backdrop of the coronavirus crisis.
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Posted on 25/06/2020

COVID-19 – NRIs: UAE expats going home? Here are your top options when purchasing property in India

I have a UAE job offer but can’t fly in. What should I do? COVID-19: I got a job in another emirate, can I put my family visa on hold in the UAE? If, as an Indian expat, you have decided to live in a …
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Posted on 25/06/2020

After COVID-19, UAE property market is expected to recover in phases – Time now to buy a home?

The COVID-19 pandemic has been causing disruption across most industries and the UAE’s real estate market is expected to face strong headwinds Given the uncert …
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Posted on 25/06/2020

UAE submits 70 chemical, textiles standards to GSO

The UAE Technical Committee for Chemical and Textile Products has submitted 70 Gulf Cooperation Council (GCC) standards’ drafts to the Secretariat-General of the GCC Standardisation Organisation (GSO) …
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Posted on 25/06/2020

Coronavirus: Sharjah allows hair salons to offer more services, except massages, spas

Sharjah Municipality on Thursday announced that all beauty establishments are permitted to expand their services, while continuing to practice precautionary measures against coronavirus. Earlier, …
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Posted on 25/06/2020

Abu Dhabi KBBO Set to Hire PwC, Trussbridge to Restructure Debt

Abu Dhabi-based KBBO Group, once one of NMC Health Plc’s biggest shareholders, is set to hire PwC and Trussbridge Advisory Ltd. to advise on its debt restructuring, people familiar with the matter …
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