Dubai Islamic Bank said first-quarter profit fell 18% as it took 1.48 billion dirhams ($403 million) in impairments to cover the impact of the coronavirus pandemic, weak oil prices and lower interest …
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University of Sharjah extends a message of gratitude to staff, students and patrons
The University of Sharjah started distance learning on March 7 this year immediately after the announcement of the implementation by the UAE authorities. Ever since, academic, administrative and …
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Virus May Be a Welcome Reality Check for Dubai’s Property Glut
While the coronavirus is wreaking havoc around the world, it could give Dubai’s long-slumping property market a much-needed break from new projects, a top developer said.
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Sharjah says 76 projects costing Dh195m have been completed in Q1
More than 4,000 projects across various fields are under way in emirate, including construction, maintenance, earthen settlements, and the supply of IT …
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Anti-begging campaigns launched in Sharjah, Ras Al Khaimah
Police in the two emirates have launched an anti-begging campaign in different languages – Arabic, English and Urdu to raise public awareness. As part of its initiatives to reduce and combat negative …
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Dubai Power, Water Utility Rating Nears Junk at Moody’s
Dubai’s power and water monopoly had its credit rating cut closer to junk status at Moody’s Investors Service, citing the potential impact of the coronavirus on the emirate’s economy.
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Sharjah to help Covid-positive mums provide breast milk for baby
Breastfeeding mums who tested positive for Covid-19 will still be able to provide milk for their babies, thanks to an initiative launched by an association in Sharjah. The Friends of Breastfeeding …
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Shoppers re-emerge as UAE starts lifting lockdown restrictions
Here are the latest coronavirus updates from around the world.
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With fever checks and masks, Dubai’s mega-mall reopens
Clutching bags from designer boutiques in their gloved hands, customers are back at Dubai Mall, one of the world’s largest shopping havens that has reopened under strict safeguards against coronavirus …
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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 …
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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 …
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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 …
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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.
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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.
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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 …
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Dubai to Avoid Glare of Public Markets and Raise Bonds Privately
Dubai is in talks to raise billions of dollars of debt privately instead of following Gulf neighbors by tapping public markets, as the emirate looks to bolster its finances and mitigate the economic …
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UAE’s DLT Overhaul on Track to Bring Blockchain to Daily Life by 2021
As the UAE’s deadline for its nation-wide blockchain revamp looms, DLT is becoming embedded in everyday life. The United Arab Emirates is approaching its 2021 deadline for migrating at least 50% of …
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