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Month: July 2020

Posted on 23/07/2020

UBS Investor Sentiment and ElectionWatch: UAE investors are concerned about COVID-19 but remain optimistic about region’s economic outlook

Wealthy investors and business owners globally have grown more optimistic on the economic outlook over the next 12 months, according to UBS’s quarterly Investor Sentiment survey Dubai, United Arab …
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Posted on 23/07/2020

Sharjah Social Services Department begins 2nd stage of COVID-19 testing for elderly people

The Sharjah Social Services Department, SSSD, in cooperation with the Ministry of Health and Prevention, has announced that it started the 2nd stage of conducting home COVID-19 testing for all the …
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Posted on 23/07/2020

Robust finance functions key for the kingdom’s road to recovery

Saudi Arabia’s financial institutions and government stretched out a helping hand to residents and business owners through numerous initiatives as ramifications from the COVID-19 pandemic grew …
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Posted on 23/07/2020

Here’s how new technologies are empowering people of determination in the UAE

an initiative of the UAE Ministry of Finance. We have brought Key2Enable to the UAE through the MBRIF Accelerator programme, so that we can use our technology to benefit the local community.
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Posted on 23/07/2020

Eid Al-Adha holiday for the UAE banking sector announced

COVID-19 insurance for UAE travel, how to ensure it and how much will it cost? ABU DHABI, DUBAI: Eid Al-Adha holiday for the UAE banking sector will be from Thursday, July 30, to Sunday, August 2, it …
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Posted on 23/07/2020

Has Sharjah-Dubai traffic eased, commute time reduced?

However, for a large section of UAE residents, a part of their lives at least has turned for the better — the daily commute between Dubai and Sharjah. With schools out for the summer and many …
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Posted on 23/07/2020

Sharjah Islamic Bank H1 net profit declines

Sharjah Islamic Bank (SIB) recorded a net profit for the first half of AED251.2 million ($68.39 million), compared to AED290.5 million during the same period last year, a decrease of 13.5 percent. The …
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Posted on 23/07/2020

UAE telecoms to fast-track digital drive despite COVID-19 hitting revenues

Revenues of the two major telecoms providers of the UAE have been affected due to movement restrictions imposed fight COVID-19, but demand for data remains high as customers work remotely and seek …
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Posted on 23/07/2020

Positive real estate outlook: Abu Dhabi property sales set to increase in H2 2020

Sales volumes in Abu Dhabi’s real estate market are expected to rise in the second half of 2020, as developers are likely to offer a bevy of incentives to serious buyers, a recent report by global …
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Posted on 23/07/2020

Cyber security vital to Dubai’s sustained progress: Sheikh Hamdan

In many ways, protecting our electronic borders is similar to protecting our maritime and land borders,’ Dubai Crown Prince says.
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Posted on 23/07/2020

RTA allows car rental companies in Dubai to promote business through digital platforms

The step aims at empowering the car rental companies to expand the scope of their services in line with Dubai Government’s drive to make Dubai the smartest and happiest city in the world, said a RTA …
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Posted on 23/07/2020

Expert Insights on the Asian Crypto Market Amidst Pandemic

Trescon hosted its first virtual edition of the popular World Blockchain Summit (WBS) series on Thursday, 16th July. Amidst the pandemic crisis, WBS was set in an interactive online environment with a …
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Posted on 23/07/2020

UAE- FTA continues to accomplish achievements, reflecting strength of national economy: Hamdan bin Rashid

The Federal Tax Authority, FTA, Board of Directors, chaired by H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the FTA Board, held its first …
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Posted on 23/07/2020

Shake Shack opens in Deira City Centre

Popular New York burger chain Shake Shack is opening a new branch in City Centre Deira. The new restaurant will be an eighth in Dubai, alongside venues in JBR and The Dubai Mall. The burgerhttps://www …
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Posted on 23/07/2020

Abu Dhabi’s Adnoc Forms Venture For Petrochemical Investment

Abu Dhabi National Oil Co. formed a venture with a state holding company to boost investment in petrochemical projects, part of the emirate’s drive to expand beyond raw crude into more valuable …
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Posted on 23/07/2020

Saudi Arabia to widen privatisation scope, finance minister says

Saudi Arabia will look to sell assets in sectors not previously considered for privatisation, the country’s finance minister said on Wednesday, as the country contends with the economic impact of …
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Posted on 23/07/2020

Sharjah Shopping Promotions kicks off

The Sharjah Shopping Promotions is one of the SCCI’s marketing campaigns that aim to support the retail sector and boost sales and revive markets. The exceptional shopping season is organised in …
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