Minister of Science and Technology Yizhar Shai spoke with his UAE counterpart Sarah Amiri earlier today in a video meeting. Amiri used the opportunity to invite Israel to participate in a space …
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COVID-19: Two business establishments in Dubai fined for violating health protocols
Dubai: The daily field inspections by Dubai Economy (DED) have resulted in strict adherence to health and safety protocols as only two shops were given fines while 748 businesses in Dubai were found …
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Most major Gulf markets little changed; Air Arabia lifts Dubai
Major stock markets in the Gulf were little changed in early trade on Thursday, with Air Arabia helping the Dubai index stay in positive territory.
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Standard Chartered cutting more than a hundred jobs in the UAE
Standard Chartered Plc is cutting more than one hundred jobs in the United Arab Emirates, the latest effort by the lender to shrink costs globally. The reductions will center on the lender’s retail …
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Commercial Bank of Dubai Is Said to Plan Bond After 5-Year Break
Commercial Bank of Dubai PSC is looking to follow the emirate’s government in returning to global debt markets with a plan to sell dollar-denominated bonds after a hiatus of almost five years, …
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UAE Company Nears End of Chinese Covid-19 Vaccine Trial
A United Arab Emirates company is nearing the end of Phase III clinical trials of a Chinese COVID-19 vaccine and hopes to manufacture it next year, a representative said. The trial, which began in mid …
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Dubai goes virtual to attract more Japanese investors into vital sectors
The Dubai I Development Agency (Dubai FDI), an agency of Dubai Economy, is chasing potential investors and partners from Japan after initiating a series of webinars to hi …
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Tel Aviv, Abu Dhabi Stock Exchanges in Talks After Historic Pact
The stock exchanges of Tel Aviv and Abu Dhabi have opened cooperation talks, following the signing of a landmark normalization accord between Israel and the United Arab Emirates.
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S&P expects Dubai’s debt load to worsen, doesn’t see pre-pandemic recovery until 2023
“Rating agencies are in an awkward position when it comes to Dubai,” Nasser al-Shaikh, a former head of Dubai’s finance department, told CNBC. Al-Shaikh rejects the agencies’ numbers. “With it being …
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How bowlers are dealing with the conditions in Sharjah
That’s the kind of feeling I’m getting while watching IPL games in Sharjah this season. The number of runs scored here suggest there isn’t a foolproof plan to restrict batsmen in these conditions, but …
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UAE gets a peer-to-peer payments app that lets you split bills with friends
Dubai resident Becky Jefferies … “We see our future in autonomous finance, or self-driving money, where users essentially park their money in Ziina,” Mr Toukan says. Self-driving finance is a …
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Top 10 UAE commercial banks see profits drop by 38.9%
The UAE’s top 10 listed commercial banks saw profits decrease by an average of 38.9 percent in the first half of 2020, due to the double challenge of low interest rates and low oil prices, according …
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Watch: Abu Dhabi police slaps Dh10,000 fine for gatherings amid COVID-19
Abu Dhabi: Police have announced that as many as 1,252 fines were issued against people who were caught holding large gatherings and parties in Abu Dhabi. The fines were issued as part of Abu …
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Jerusalem Deputy Mayor eyes boom in UAE-Israel ties
Peace between the UAE and Israel will lead to prosperity and transform the region into a superpower, and bring more job opportunities for Palestinians in East Jerusalem, Deputy Mayor of Jerusalem, …
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Sharjah govt nurseries won’t register new students this year
The Sharjah Education Council (SEC) will not allow government nurseries to register new students for this year. Private nurseries won’t be allowed to open until it is ensured that all measures have …
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UAE weather: Dubai and Abu Dhabi expect fair Thursday
The National Centre of Meteorology said that Thursday would be fair, but with clouds that may become convective appearing by the afternoon. The winds will freshen at times during the day. Temperatures …
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Abu Dhabi’s asset base remains strong
The ratings agency sees the UAE capital’s oil GDP contracting by more than 7.5 per cent in 2020 due to Opec+ production cuts.
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