Saudi Arabia’s decision was followed by announcements of additional production cuts by UAE and Kuwait. UAE is set to decrease its oil production by another 100,000 bpd, while Kuwait will cut its oil …
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Crypto Under Corona
How’s the global crypto community coping during the COVID-19 crisis? Jeff Wilser checks in with groups in seven locations.
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Combating coronavirus: Sharjah Central Souq reopens with strict health measures
The Sharjah Municipality announced the resumption of commercial activities in Sharjah Central Souq from Tuesday, My 12. It has spelt out strict preventive measures and health requirements for the …
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Coronavirus: UAE has more than enough food to meet the needs of its people
Omar Bushahab, Chairman of the Dubai Food Security Committee, told Gulf News, “The UAE maintains robust strategic long-term stocks of vital food commodities that are more than adequate to meet local …
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Combating coronavirus: UAE businesses seek VAT waiver for a year to stimulate demand
Private and family owned businesses in the UAE have requested the government to waive off value-added tax (VAT) for six months to one year in order to help stimulate demand in the economy. A letter …
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UAE e-commerce sector thriving during pandemic: Euromonitor study
E-retail companies in the UAE have succeeded despite the challenges of high demand due to the spread of Coronavirus (Covid-19) and disruption of supply chain worldwide, said the Dubai Chamber of …
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1,000 food baskets handed out to the poor in UAE
Dar Al Ber Society branch in the emirate of Ras Al Khaimah has contributed up to 1,000 baskets containing 20 different food items to the poor and low-income people in Ras Al Khaimah. Ali Abdullah Al …
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Coronavirus: Goans in the UAE seek direct repatriation flights to their state
Stranded Indians from Goa have sought direct repatriation flights to their state in India. Hundreds of them from the country’s southwestern coast have registered with Indian missions in the UAE to …
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Dubai businesses ask for more state help to survive coronavirus
Dubai’s private sector has proposed new government interventions including state subsidised loans, assistance in covering salaries and lower taxes, to help businesses survive the economic fallout from …
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Coronavirus: UAE announces 783 new Covid-19 cases, 631 recoveries, 2 deaths
The Ministry of Health and Prevention on Tuesday announced 783 new cases of the Covid-19 coronavirus. 631 cases of recovery and two deaths were also announced. The UAE has been seeing a steady rise in …
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Majid Al Futtaim to open Sharjah’s biggest mall in March
Majid Al Futtaim’s decision comes in the light of the global disruption in the retail sector due to the Covid-19 pandemic. The additional months will allow all of City Centre Al Zahia’s tenant …
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UAE reports 783 new coronavirus cases, two deaths
Abu Dhabi: The UAE has announced 783 new COVID-19 cases and two deaths on Tuesday. The Ministry of Health and Prevention in UAE said the new coronavirus cases were detected through 32,000 tests …
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UAE Mission, IRENA to co-host inaugural ‘Renewables Talks’ with virtual webinar on May 13
More than 100 participants are expected to dial in for the webinar, which will also be overseen by IRENA’s Director-General, Francesco La Camera …
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COVID-19 reality: Summer will be the time when UAE job losses spike
Nearly 40 per cent of UAE businesses in a survey confirmed they asked employees to take unpaid leave after the effects of the COVID-19 outbreak started crippling commercial activity last month. And a …
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Shocked Pakistani, Syrian expats share Dh1 million prize in UAE
Two UAE residents from Syria and Pakistan each took Dh500,000 home after matching five out of six numbers in last week’s Emirates Loto draw, sharing the Dh1 million prize. Rojeh Alfreh, a 35 year-old …
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Dubai startup Invygo raises $1m in funding
This investment is part of the Series A funding round led by EQ2 ventures, Class 5 Global, and 500 Startups. In November 2019, Invygo raised $1m in its seed round, led by San Fran …
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COVID-19 relief: Dubai family-owned businesses want 50 per cent cuts utility bills
Business heads also proposed customs duties should be cut by 50 per cent until year-end, while electricity, water and service bills should also be cut 50 per cent. Eliminating the taxes would improve …
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