Middle East

Date

The campaign is to advocate international efforts to combat COVID-19 with Arab participation   In recognition of her leading role advocating community services in the Kingdom, the Regional Network for Social Responsibility (CSR), a member of the UN Global Compact, has chosen Princess Hind bint Abdulrahman Al-Saud as the global social responsibility ambassador.....


Saudi Arabia’s Crown Prince Mohammed bin Salman has exchanged Eid greetings with senior government officials, saying that he believed the “bad (coronavirus) conditions will pass,” adding “we are heading towards the good, state news agency SPA reported.....


The Saudi economy can withstand the coronavirus crisis despite the need to cut spending, Finance Minister Mohammed Al-Jadaan said on Saturday.  “The Saudi economy is able to absorb the decline in revenues and to deal with the budget deficit,” he said, adding that the government “firmly addressed this crisis with all determination, while prioritizing the safety and health of its citizens and residents.”....


2020-05-25

Crown Prince of Dubai and Chairman of The Executive Council of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that Dubai’s reputation as one of the safest cities in the world is not a coincidence but the result of dedicated efforts to ensure high levels of security and raise service excellence. The collaboration between various social stakeholders and the cooperation extended by citizens and residents have also been key fact…


2020-05-25

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – marked Eid al-Fitr by lighting up the Burj Khalifa with a special message to all across the country. To commemorate the swift response, comprehensive support, and visionary leadership of the UAE Government during these challenging times, the façade of the world’s tallest tower also featured displays of the &…


2020-05-25

- Overall compliance rate during the month was 94%   The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy conducted 23,735 inspections since the reopening of markets beginning Ramadan, during which 22,328 shops were found fully compliant to the precautionary guidelines. CCCP also shut down 122 shops and issued fines to 64 for non-compliance with the precautionary measures, such as wearing face masks and gloves, …


Saudi Agricultural & Livestock Investment Company (Salic) said it has acquired a stake in Daawat Foods Limited (a subsidiary of LT Foods) through its subsidiary United Farmers Investment Company. The transaction in DFL entails acquisition of 29.81% stake of India Agri Business Fund, sponsored by Rabobank and 0.1% stake of Real Trust, by United Farmers Investment Company for $17.23 million, said a statement from the Saudi firm....


Union Coop, the largest consumer cooperative in the UAE, said steady progress is being made on its Al Barsha – 3 project in Dubai which is now 40 per cent complete.    Work is currently underway to complete the concrete structure of the building at the end of casting the roof and floor surface, which is expected to be completed this week, said a statement from the Union Coop.    Electromechanical and finishing work has a…


Grab your SPF Good news – you might just have enough time to enjoy Dubai sunshine before it becomes unbearably hot. Per a directive from Dubai Tourism, Dubai private beaches are back in business under strict guidelines and to celebrate this positive step towards some form of normality, we have put together a roundup of our all-time favourite beachside hotels. Because, let’s face it, after weeks in self-isolation we all deser…


Dr. Abdulaziz Al-Qasim is a petroleum engineer and was recently selected to join the World Energy Council’s Future Energy Leaders Programme following a rigorous selection process at an international level. He is a current and past member of the Society of Petroleum Engineers, the Saudi Council of Engineers, the Innovation Ecosystem Society, the American Society of Mechanical Engineers, the Association of International Petroleum Negotiators …


Families across Saudi Arabia are ringing in Eid Al-Fitr celebrations in seclusion — with none of the fast-paced hustle and bustle of what is usually the busiest night of the year — amid a 24-hour curfew in the Kingdom. This year’s Eid Al-Fitr has been met with quiet streets, closed salons and barbershops, and no lengthy queues outside chocolate stores.....


Many special Eid-related traditions have been broken this year as families are forced to stay home because of coronavirus restrictions. But technology has come to the rescue with many relying on video calls to bring family members and loved ones closer. ....


Iraq's Deputy Prime Minister Fuad Hussein said that Iraq has reached an agreement with Saudi companies to invest in the Okaz gas fields on Saturday, while also showing appreciation to the kingdom for refilling its ambassdor to Iraq position...


Crude oil prices rose for the fourth consecutive week with signs of an easing supply surplus as a result of higher compliance with OPEC+ output cuts and the gradual lifting of coronavirus lockdowns globally.....


The decision reflects His Highness’s keenness to help Emirati citizens and families live a life of prosperity and happiness. The decision, which seeks to provide citizens with housing that meets their needs, is an example of the UAE’s efforts to ensure its people enjoy the highest standards of living. Director General of Dubai Municipality His Excellency Dawood Al Hajri said the Municipality will take all necessary measures to impleme…


2020-05-24

Employees of the Abu Dhabi National Oil Company (ADNOC) have raised AED 1 million to support UAE communities during the Holy Month of Ramadan, in partnership with Emirates Red Crescent (ERC), as part of ADNOC’s annual Ramadan initiative.Managed by ERC, the funds were used to provide thousands of iftar meals and Ramadan boxes (Mir Ramadan), which contain essential food items to families and individuals in need.To ensure the safety and wellbe…


Real estate owners that are involved in Saudi Arabia’s Neom project will be financially compensated by the National Program for Community Development, Saudi Press Agency (SPA) reported on Friday. The program, also known as “Tanmia” in Arabic, will compensate owners in Sharma, Qayal, Al-Khuraibah, Al-Asilah, Al-Sur, Bir Fahman....


Savvy Saudi restaurants have turned to social media to help deliver Eid breakfasts to doorsteps during the nationwide festival lockdown period. A mouthwatering mix of traditional and Westernized sweet and savory delights are being offered for home delivery while measures remain in place to stop the spread of the coronavirus disease (COVID-19)....


Crown Prince of Dubai and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF) His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said Dubai is fully prepared to tackle any challenges in the upcoming period through its strategic framework and comprehensive groundwork to envision and shape the future. The emirate is not bound by notions of what is considered impossible and does not falter in the face of difficulties an…


  Friends and families across Dubai are embracing a range of innovative ways to celebrate and mark Eid Al Fitr this year, all while following government protocols, social distancing and staying home to stay safe.  Dubai Festivals and Retail Establishment (DFRE) rounds up the best ways to keep everyone in the household entertained throughout the Eid holiday, connect with local communities, and most importantly, have fun while staying i…


2020-05-23

Statistics released by the Department of Municipalities and Transport, DMT, today revealed that the value of real estate transactions in Abu Dhabi increased by 34 percent to reach AED6.3 billion by the end of last April, through 2,617 real estate deals, compared to AED4.6 billion through 1,840 deals during the same period last year. The department’s data indicated that mortgages acquired 60 percent of the total real estate transactions in A…


2020-05-23

KPMG recently released the results of its fifth edition of the ‘GCC listed banks’ report, which analyses the published results of listed commercial banks across the region for the year ended 31st December 2019. The report, titled ‘New Age Banking’, has found that the UAE’s top ten banks reported positive results in 2019, with an average 13.9 percent growth in net profit, the highest among GCC countries, driven by an …


2020-05-23

In April, the UAE’s banking system invested a total of AED16.6 billion, reflecting a high level of baking activity. Emirati banks are utilising their excess liquidity in investment instruments that will improve their profits, increasing the accumulative balance of the banking sector’s investments to AED394.2 billion, a rise of 4.4 percent compared to AED377.6 billion in March 2020, according to figures from the Central Bank of the UAE…


2020-05-23

Al Mehrizi: RTA was keen to support the national ‘10m Meals Campaign Dubai’s Roads and Transport Authority (RTA) announced that 41,210 individuals and families (20,810 individuals and 20,400 families) amongst categories operating in the first defence line against the coronavirus (Covid-19) had benefitted from RTA’s charitable initiatives in Ramadan. Beneficiaries included senior Emiratis, senior residents, drivers, female driver…


2020-05-23

Al Mehrizi: RTA was keen to support the national ‘10m Meals Campaign Dubai’s Roads and Transport Authority (RTA) announced that 41,210 individuals and families (20,810 individuals and 20,400 families) amongst categories operating in the first defence line against the coronavirus (Covid-19) had benefitted from RTA’s charitable initiatives in Ramadan. Beneficiaries included senior Emiratis, senior residents, drivers, female driver…


2020-05-22

Within the framework of Dubai Chamber’s Sustainability Network agenda to promote sustainable practices in all areas of business, the Diversity & Inclusion Task Force recently organized an e-seminar on integrating and empowering people of determination to work remotely during this time of Covid-19. The webinar highlighted the different strategies, tools, practices and measures private companies, Government and Not-for-profit organization…


2020-05-22

Dubai’s Roads and Transport Authority (RTA) has honoured 1000 taxi drivers compared to 100 at its annual Dubai Taxi Awards in 2020. The steep increase in the number of honourees reflects the brave and heroic role of taxi drivers under exceptional circumstances during Covid-19 pandemic. The step is a gesture of appreciation of the sacrifices of taxi drivers in performing their daily jobs and serving various community segments. It is also a w…


Dream shoes reimagined To celebrate Eid, the first female Emirati digital artist Sumayyah Al Suwaidi has lent her creative vision to the luxury Italian shoe brand Rene Caovilla. She has created two unique artworks that capture the spirit of the celebration while also incorporating two iconic shoe styles, the Cleo and Galaxia.....


Running a restaurant in Dubai, where a discerning international clientele has over twice as many options per head as in New York, was a cut-throat business even before the coronavirus struck. Now restaurateurs are having to adapt fast by learning to make money delivering their food, a service new for some and for others more familiar as a marketing tool.....


Stylish DIY Nothing says you care like a personalised token of appreciation and Hermès has something to get you creative juices flowing. This Eid, the luxury Maison has created a virtual platform that you can use from today May 21 at midday to create an interactive e-card to send to your loved ones and friends over the long weekend. A first for Hermès and simple to use, all you have to do is access the site here …


Kuwait and Saudi Arabia will halt oil production from the joint Al-Khafji field for one month starting June 1 following an output cut deal between OPEC and non-OPEC countries, state news agency KUNA reported, citing a Kuwaiti official.....


348 new international companies were granted licenses to operate in the Saudi market Saudi government implements social and economic stimulus packages to support business during pandemic The Ministry of Investment of Saudi Arabia (MISA) announced on Wednesday that 348 new international companies were granted investor licenses during the first quarter of 2020.....


Time and style Dubai-based jewellery designer Nadine Kanso has stretched her creative expression into timepieces. She has collaborated with Gaga Watches on a limited edition unisex watch that presents an innovative design enhanced with Arabic calligraphy. Named ‘Hayat’, which translates to ‘Life’ in Arabic, the black dial features skyline of Dubai with green Arabic letters inscribed in Kanso’s own handwriti…


2020-05-21

Emirates has unveiled multi-faceted measures for employee and customer care at every step of the travel journey, redefining safety and hygiene standards on board and on the ground. The new measures took effect today, with the resumption of regularly scheduled passenger flights to nine destinations. “Emirates is implementing a comprehensive set of measures at every step of the traveller’s journey, to enhance the sanitisation of all tou…


2020-05-21

The Abu Dhabi Securities Exchange, ADX, was declared the winner of the Best Trading Innovation Excellence - GCC 2020 at the Capital Finance International, CFI, Awards, in recognition of the leading role the exchange has played in innovation by developing a series of initiatives. The CFI Awards seek out organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders. Khalifa Al Mansouri, Chief E…


2020-05-21

The UAE General Civil Aviation Authority (GCAA) and the Jordanian Civil Aviation Regulatory Authority have agreed to align their COVID-19 countermeasures in the field of air freight and aviation services to promote the development and expansion of safe, secure, accessible and high-quality air cargo services. Saif Mohammed Al Suwaidi, Director General of the GCAA, said the initiative taken by the two countries should set an example to be emulated …


2020-05-21

Dubai Land Department, DLD, has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions for their properties remotely from anywhere in the world. The new system allows them to complete procedures and transactions without being physically present in Dubai or delegating it to someone else. In a statement on Thursday, the DLD noted that the introduction of the rem…


2020-05-21

Abu Dhabi Fund for Development has joined the Arab Coordination Group, ACG, Institutions’ US$10 billion commitment to help developing countries respond to the Covid-19 pandemic and help their economic recovery. The support, agreed at a virtual ACG meeting on May 18, will initially focus on helping developing countries obtain the medical supplies and protective equipment they need. It will also help beneficiaries develop effective interventi…


2020-05-21

The Sharjah Chamber of Commerce & Industry, SCCI, represented by the Sharjah Exports Development Center (SEDC), organized on Tuesday a webinar entitled “Helping businesses overcome liquidity issues and sustain in the crisis”. Held in cooperation with Etihad Credit Insurance (ECI), the webinar aims to get the participants acquainted with the services provided by the ECI, as part of the SCCI’s quest to create developmental pro…


2020-05-21

200 food baskets delivered to families of resident taxi drivers RTA’s Dubai Taxi Corporation (DTC) launched two Ramadan initiatives targeting taxi drivers. This initiative reflects DTC’s appreciation of its taxi drivers working under exceptional circumstances caused by the outbreak of the coronavirus (Covid-19). The first initiative included distributing daily iftar meals to taxi drivers accommodated in Al Muhasinah, Jebel Ali and Al …


Officials also confirmed that teachers and staff will begin their break a week later and the last working day for them will be July 9. Schoolchildren in government and private schools will start their summer break on July 2.That's according to the Ministry of Education, which stated that all private schools that implement the ministry curriculum, along with government schools, will start their end-of-term break as scheduled despite the disrupti…


Union Coop, the largest Consumer Cooperative in the UAE launched a new ‘drive-thru’ shopping service that allows consumers to shop from their vehicle, at Mirdif branch in Etihad Mall, first of its kind shopping service in the Middle East.Commenting on this, H.E. Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop said: “Based on the current and rapid developments witnessed by the world and the retail market in particular, Union…


Brand Dubai, the creative arm of the Government of Dubai Media Office, has partnered with several restaurants and cafes from its ‘Proudly from Dubai’ network to bring easy recipes with minimal ingredients to people’s homes.The collaborative initiative brings a taste of Dubai’s vibrant restaurant scene to the public and gives them a chance to experience the unique cuisines of diverse outlets without leaving their homes. Whi…


2020-05-20

Startup incubator in5 has lauded its entrepreneurs for leveraging 3D printing, robotics and blockchain to ensure the safety and wellbeing of the UAE community amid ongoing efforts to curb coronavirus. Talented startups from the enabling platform for technology, media and design have 3D printed personal protective equipment (PPE) for frontline medical workers, used robotics to keep children engaged at home and created a contactless biometric ident…


2020-05-20

There is strong focus on strengthening the existing partnership between the public and private sectors in reducing the repercussions of the crisis Buamim: We will continue to work with our various partners and stakeholders to develop practical solutions that will positively impact companies, giving them better and more effective options in dealing with Covid-19 consequences.   Dubai, UAE:  With the aim of ensuring business continu…


2020-05-20

Dubai’s Roads and Transport Authority (RTA) has updated the service hours of public transport means (metro, tram buses, marine transport, taxis and shared transport) as well as customer happiness centres and centres of service providers, as of 20 May 2020. The new timings conform to the revised national sterilisation programme from 08:00 pm to 06:00 am (of the following day).  RTA will apply all preventive and proactive health measures…


Nourah Alzaid has been general manager of the secretariat of the National Committee of Digital Transformation since May 2019. Her expertise is in finance, digital transformation, commercial operations and customer relationships. Alzaid obtained a bachelor’s degree in English language and literature at King Saud University in 2010. After her graduation, she joined GE Healthcare, a global medical technology and digital solutions innovator....…


Luxembourg-based Clearstream Banking and Belgium-based Euroclear Bank have jointly decided to suspend Turkish lira transactions over a shared electronic communications platform. The decision is effective from May 18, according to a statement posted on Clearstream’s website....