The UAE climbed four places in the 2020 Prosperity Index by improving its performance in health, education, living conditions and open economy, a new report shows.
The Legatum Institute’s …
Coronavirus: UAE central bank defers virus-related loan payment deferral
The United Arab Emirates will extend a key component of its coronavirus relief package – loan payment deferrals – through June 2021, the central bank said. Retail and corporate customers affected by …
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Gulf IPO activity expected to increase after coronavirus forces listings rethink
The number of initial public offerings (IPO) is expected to increase in the final quarter of 2020 after coronavirus nearly brought the sector to a grinding halt over the last six months. From April to …
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UAE- Adnoc unlocks cost savings of $2b in 5 years
The Abu Dhabi National Oil Company said it has achieved cost savings of $2 billion over the past five years by leveraging advanced technologies and digitalisation to enhance drilling efficiencies and …
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USAF F-16s move from Germany to UAE
A detachment of U.S. Air Force F-16 fighter planes moved from Germany to the United Arab Emirates, the U.S. Central Command announced on Monday.
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UAE’s Etihad Airways to start daily flights to Tel Aviv in March
The move will deepen ties between the United Arab Emirates and Israel after two countries agreed to normalise relations.
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Nearly half of UAE companies say salaries are now steady after COVID-19
But pressure on salaries will remain under pressure well into 2021 Dubai: Here’s the bad news – salaries will remain under intense pressure in the UAE job market even next year. But there are some …
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How Dubai is becoming more transparent to attract real estate investors
Dubai and Abu Dhabi are the most transparent real estate markets in the MENA region, according to the latest Global Real Estate Transparency Index from JLL. The index is considered a useful indicator …
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Versace open new Dubai flagship store in Dubai Mall
Versace has opened the doors to its new boutique in Dubai Mall. The new boutique is sat in the heart of the high-end shopping mall’s Luxury Avenue. The exterior of the store was crafted from white …
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Abu Dhabi leads most Gulf markets higher
Most Gulf markets rose on Monday, with Abu Dhabi leading the gains, buoyed by signs of economic recovery and additional positive data about a COVID-19 vaccine.
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Lessons from Abu Dhabi: Clarity and consistency key
I was working in Abu Dhabi in March, when COVID-19 began spreading in the United Arab Emirates. Even before the cases hit the hundreds, the combination of both my workplace and the country’s policies …
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Abu Dhabi to use drones to plant mangrove seeds
This pioneering initiative will use specialised, custom UAE-built drones and rigging to plant thousands of mangrove seeds.
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Dubai’s The Laughter Factory makes its Business Bay debut this week
Then on Friday November 20 The Laughter Factory heads down the road and makes its Business Bay debut – which is an early start time of 7pm. Later that evening the tour concludes at Hilton Dubai …
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Dubai tourism chief hails UK move to end quarantine rules
Issam Kazim, CEO of Dubai Tourism, says he hopes decision will result in influx of British visitors to Dubai for some winter sun …
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Saudi Aramco to issue bonds as it seeks cash amid oil slump
Saudi Arabia’s oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of …
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UAE Central Bank Extends Virus-Related Loan Payment Deferrals
The United Arab Emirates will extend a key component of its coronavirus relief package — loan payment deferrals — through June 2021, the central bank said.
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UAE central bank extends stimulus scheme to stem COVID-19 impact
The United Arab Emirates central bank said on Monday it had extended to June 2021 the applicability period of key components of a stimulus scheme to support retail and corporate banking customers and …
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