The previous school term in the UAE was also carried out through distance learning in a bid to limit the coronavirus outbreak.
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Dubai Aerospace Enterprise posts 38% drop in H1 profits
Dubai Aerospace Enterprise (DAE), the Middle East’s largest plane lessor, has reported a 38 percent drop in profits for the first half of the year compared to the first six months of 2019. The company …
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Kuwait Finance House’s Q2 profit down 77.5% hit by lockdown
Kuwait Finance House KFH.KW on Thursday posted a 77.5% decline in second-quarter profit after it boosted impairment charges and precautionary provisioning …
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Sharjah Police launch inspection on scrap metal businesses
Sharjah has launched a joint operation to tackle illegal metals being received by the scrap metal collectors in the emirate. The Criminal Investigations Department at Sharjah Police has launched an …
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Abu Dhabi’s Etihad Airways loses $758 million in first half
Abu Dhabi’s Etihad Airways said its core operating loss deepened to $758 million in the first half of the year as passenger traffic fell by nearly 60% due to the coronavirus pandemic. In the April – …
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Abu Dhabi’s Etihad Airways loses $758 mln in first half
Abu Dhabi’s Etihad Airways reported on Thursday a $758 million loss in the first half as passenger traffic fell by nearly 60% due to the coronavirus crisis.
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Serba Dinamik secures RM1.47b Abu Dhabi contract
Serba Dinamik Holdings Bhd has secured a US$350mil (RM1.47bil) contract to build a data centre and related facilities in Abu Dhabi.
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Why UAE-based businesses should continue flexible working patterns post Covid-19
Dubai eased lockdown measures … member of staff present in a single office every working day. However, every business is different. The status of your product, service, and the need for your …
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Shurooq announces new tourism projects in Sharjah
Marwan bin Jassim Al Sarkal, Executive Chairman of Sharjah Investment and Development Authority (Shurooq) announced during a live interview on Sharjah TV that the Authority will be undertaking four …
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Beirut is scarred forever, says top tech startups UAE investor
On August 4, my heart skipped a beat as I kept seeing explosion in Beirut making headlines and making me feel guilty for being one of the lucky ones. Since July 2006, my work has led me to commute …
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BNP Halts New Commodity Trade Finance Deals Amid Unit Review
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter.The …
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UAE, Airbus to build satellites in Al Ain
Abu Dhabi-based Tawazun Economic Council on Wednesday announced that it would set up assembly, integration and testing (AIT) centre for satellites in Al Ain in partnership with the European aircraft …
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Deputy Ruler of Sharjah restructures BoD of Chess and Culture Club for Sharjah Women
SHARJAH- H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of Sharjah Executive Council, SEC, has issued Administrative Decision amending Administrative …
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Massive fire breaks out at market in Ajman near Dubai
A massive fire broke out Wednesday evening at a market in Ajman, an emirate in the United Arab Emirates located about 30 miles from Dubai.
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Dubai Aerospace Enterprise reports $197.1m first half 2020 net profit
Fewer asset sales resulted in lower gains, reduced finance income Dubai: Dubai Aerospace Enterprise (DAE) Ltd on Wednesday The company reported a total revenue of $672.6 million in the firt half of …
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Foreign investment in Dubai plummets in first half 2020
DUBAI (Reuters) – Foreign direct investment in Dubai fell by 74% in the first half of the year compared to the same period of 2019, as the coronavirus pandemic stalled parts of the global economy.
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BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter.The …
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