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Month: November 2020

Posted on 03/11/2020

Tax exempt: UAE sovereign fund first to get 100% I-T exemption on India investments

Notification process for Abu Dhabi SWF was completed “in record time” to expedite foreign investment in India’s priority areas during the pandemic, a source said …
( read original story …)


Posted on 03/11/2020

UAE announces 1,008 new COVID-19 cases, 6 deaths in last 24 hours

The Ministry of Health and Prevention, MoHAP, announced that it conducted 96,994 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the …
( read original story …)


Posted on 03/11/2020

Transit passenger goes into labour at Dubai airport, gives birth to triplets at UAE hospital

A pregnant Syrian traveller who was on a stopover at the Dubai airport suddenly went into labour while waiting for her flight. Thanks to the authorities’ quick response, she was able to get an entry …
( read original story …)


Posted on 03/11/2020

United Arab Emirates Projects Report, H2 2020 with COVID-19 Impact Update – ResearchAndMarkets.com

Impact Update – MEED Insights” report has been added to ResearchAndMarkets.com’s offering. It has been a difficult 12 months for the United Arab Emirates Projects, market. Previously viewed as a …
( read original story …)


Posted on 03/11/2020

Fuel of the future: UAE set to reveal plans to tap green hydrogen in 2021

The UAE is likely to announce its plans for tapping green hydrogen in early 2021, according to Nawal Al Hosani, the UAE’s Permanent Representative to International Renewable Energy Agency (IRENA).
( read original story …)


Posted on 03/11/2020

Saudi, Egypt Business Activity Improves But UAE Is Dealt Setback

Business conditions improved in Saudi Arabia and Egypt for a second month but deteriorated in the United Arab Emirates amid further job losses and concerns over renewed lockdowns.
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Posted on 03/11/2020

UAE’s private sector business activity dips a second time in three months during October, says IHS Markit

There was a marked dip in the UAE’s private sector activity during October – the second time it has happened in the last three months. In particular, new business orders declined for the first time …
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Posted on 03/11/2020

Strong third-quarter bolsters Dubai Investments’ nine-month 2020 profits of Dh391.63m

Dubai: Dubai Investments recorded a solid Dh204.88 million in profit for the third quarter, which ensured the nine-month 2020 profit did not slip much behind last year’s total. In the first nine …
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Posted on 03/11/2020

Dubai Islamic completes integration of Noor Bank

Dubai Islamic Bank (DIB), a leading Islamic bank in the UAE, has announced that it has completed the integration of Noor Bank with the successful migration of all banking relationships into DIB. The …
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Posted on 03/11/2020

Education Market In UAE | 5% CAGR During 2020-2024 | Technavio

Technavio has been monitoring the education market in UAE and it is poised to grow by 378 thousand units during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report …
( read original story …)


Posted on 03/11/2020

What do UAE students think about their job prospects?

Nearly three quarters of UAE and regional university students – 72 percent – said they felt the skills they are learning at university will help them find employment. However, a similar number said …
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Posted on 03/11/2020

UAE shoppers are again ready for some serious end-of-year spending despite COVID-19, finds Oracle survey

Dubai: This should give some relief to retailers – nearly 50 per cent of shoppers in the UAE intend to maintain the same spending levels on gifts over the next few weeks as they did last year. As …
( read original story …)


Posted on 03/11/2020

UAE real estate stocks got a lift in October, but Emirates NBD disappoints

In October, the UAE’s benchmark indices gave a mixed performance, DFM closed lower by 3.77 per cent while ADX rallied 3.14 per cent. The stars of October were Aldar Properties, with the stock rallying …
( read original story …)


Posted on 03/11/2020

UAE non-oil private sector shrinks for second time in three months

The United Arab Emirates’ non-oil private sector slipped back into contraction in October for the second time in three months, a survey showed on Tuesday, stunting the country’s economic recovery from …
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Posted on 03/11/2020

Despite The Negative Repercussions Of The Covid-19 Crisis, Entrepreneurs In The UAE’s F&B Sector Are Stepping Up To Challenge The Status Quo

Industry experts share their insights on what has changed through the COVID-19 crisis, and why being attuned to customer needs has never been more important.
( read original story …)


Posted on 03/11/2020

Beyond Dubai’s shadow, Sharjah shines light on Arab art

It doesn’t have the malls of Dubai or the mega-projects of Abu Dhabi, but the conservative Gulf emirate of Sharjah has carved out a role for itself as a cultural capital.
( read original story …)


Posted on 03/11/2020

Expo 2020 Dubai event to explore the future of smart cities and sustainable habitats

Leading development experts, technology visionaries and government officials from some of the world’s most populous and resilient cities are set to gather virtually for Expo 2020 Dubai’s Urban and …
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