But Covid-19 has changed the real estate industry with a sudden, merciless force; one that can only be compared to a dormant volcano’s unforeseen eruption. It’s brought with it an economic uncertainty …
( read original story …)
Abu Dhabi Lays Claim To World’s Cheapest Solar Power, After Revealing Bids For 2GW Mega-Plant
Abu Dhabi Power Corporation (ADPower) says it has secured the world’s lowest tariff for a solar power plant, as it moves ahead with a planned 2GW solar photovoltaic (PV) project in the Al Dhafra …
( read original story …)
Combating coronavirus: 20,000 staff of Abu Dhabi malls tested for Covid-19
All staff members must secure a certificate of negative results before they resume work and prior to the stores’ reopening.
( read original story …)
Dubai at Risk as Coronavirus Poses Shock to U.A.E. Economy, Says Moody’s
Dubai’s reliance on real estate, transportation and tourism makes the Middle East business hub the most exposed to the impact of coronavirus in the United Arab Emirates, according to Moody’s Investors …
( read original story …)
Ellington Properties introduces 3-year rental guarantee of 8% annually for new owners during Ramadan
Introduced to demonstrate confidence that the market fundamentals are strong and will bounce back after the current Covid-19 situation …
( read original story …)
Property portal Bayut’s parent company secures $150m investment
Emerging Markets Property Group (EMPG), the parent company of Dubai’s property portal Bayut, secured $150m (Dh550m) in new investment in a deal that values the company at $1 billion. The investment …
( read original story …)
Abu Dhabi Moves Ahead With Giant Solar Park After Getting Bids
A solar farm bigger than 4,200 soccer pitches will be built in the United Arab Emirates to supply power at what could be record-low prices.
( read original story …)
Mideast Stocks: Banks aid Saudi index as FAB weighs on Abu Dhabi
Saudi Arabian stocks edged up on Tuesday, bolstered by banking, while weak earnings by top lender First Abu Dhabi Bank (FAB) weighed on Abu Dhabi. Saudi Arabia’s benchmark index added 0.2% amid choppy …
( read original story …)
As virus cases rise, UAE adjusts to a new normal in pandemic
In a Dubai industrial park, workers weld, drill and build what one entrepreneur sees as key to the near future of this desert city-state …
( read original story …)
COVID-19 recoveries increase to 2,090 in UAE, 490 new cases identified
Following the complete recovery of 112 patients, the total number of patients in the country who recovered from COVID-19 has increased to 2,090, announced Dr. Amna Al Dahhak Al Shamsi, Official …
( read original story …)
How UAE Businesses Can Protect The Ecosystem While Navigating The COVID-19 Pandemic
While a healthy profit should be the goal of any business, cutting unnecessarily weakens the entire economic environment. In the UAE, where there are no direct unemployment benefits, there is …
( read original story …)
Coronavirus: UAE announces fee reduction for 94 services, up to 98% discount
The UAE Ministry of Economy has announced a reduction in fees for 94 services, of up to 98 percent, as part of efforts to mitigate the impact of the current coronavirus outbreak. According to a …
( read original story …)
Combating coronavirus: UAE reduces fees of 94 services
The UAE yesterday announced the slashing of fees across 94 types of services provided to individuals, companies and the business sector as part of efforts to mitigate the impact of Covid-19 pandemic.
( read original story …)
UAE wages war on tiny scourge threatening date palms
Ajani looks proudly over his lush date plantation, which recently survived a plague of red weevils — a destructive insect wreaking havoc across the Middle East and North Africa. In Wiqan, located in …
( read original story …)
Dubai Likely to Start Opening for Tourists at Beginning of July
Dubai is likely to start opening up for tourists at the beginning of July after the coronavirus pandemic halted arrivals.
( read original story …)
UAE tells banks to freeze accounts of NMC founder Shetty, others: sources
United Arab Emirates lenders have been told by the central bank to freeze the accounts of NMC Health shareholder BR Shetty and his family, three sources with knowledge of the matter said.
( read original story …)
UAE firms may modify office designs following COVID-19: JLL report
Companies in the UAE could introduce modified workplace designs that reflect specific spatial requirements in light of the spread of the coronavirus, a recent report has stated. “Most companies will …
( read original story …)