‘We want 2021 to witness a major breakthrough for the next 50 years’ – Sheikh Mohammed

The UAE saw “stellar success” during the Covid crisis this year, displaying its readiness to face pandemics and disasters, say leaders

Natixis replaces Saudi Arabian CEO after six months in the role

International banks have been expanding in Saudi as the country embarks on a plan to diversify its economy beyond oil

Dubai’s DMCC opens office in Tel Aviv to boost diamond trade with Israel

The new representative office will be based in the headquarters of the Israeli Diamond Exchange

Covid-19 testing UAE 3

UAE reports 1,289 new Covid-19 cases, four deaths

Authorities have urged the public to be cautious during the National Day holidays

Dubai’s DP World dismisses Djibouti President’s remarks about disputed port as “false”

DP World reiterated that it remains the legal operator and concession holder of the Doraleh Container Terminal

KUWAIT-EGYPT-HEALTH-VIRUS

Kuwait allows domestic workers to return from December 7

The cost of each returning worker has been fixed at KD270 to cover quarantine expenses

ADNOC reportedly eyeing acquisition of offshore oil services firm

Zakher Marine International is working with Bank of America as it weighs its strategic options, including a sale

Sheikh Mohamed bin Zayed calls families of Covid-19 frontline workers

Sheikh Mohamed stressed that the people of the UAE cherish their heroes

Oil extends drop as OPEC+ struggles for consensus on output plan

Oil has just capped its biggest monthly increase since May on optimism energy demand will rebound as Covid-19 vaccines are rolled out in the coming weeks

Dubai contractor Arabtec to file for liquidation at ‘earliest opportunity’

The decision reversed efforts sought by a minority group of shareholders to restructure and save the company from liquidation

Oman

Oman to restart issuing tourist visas

Tourist visas will only be issued to those whose visits are organised by hotels or tourism companies

Bahrain

First insurance platform graduates from Central Bank of Bahrain regulatory sandbox

Tasweya offers a platform for auto-reconciliation of statements of accounts

AquaChemie Middle East

AquaChemie begins construction on $40m petrochemical terminal at Jebel Ali Port in Dubai

The specialised bulk storage terminal will have a total capacity of around 40,000 cubic metres

Gitex 2020: UAE to host Israeli tech delegation

Gitex will host the UAE-Israel Future Digital Economy Summit and the Gitex Future Stars Israel Innovation Discovery Day

Revealed: LinkedIn unveils the GCC’s most ‘engaging’ users in 2020

The list revealed 15 regional experts that led professional online conversations

GCC Covid-19 update: UAE reports 1,107 cases; 215 infections registered in Oman

The death toll in the UAE has risen to 572

Banks erase debt worth Dhs869.85m of 1,607 Emiratis

The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan

Yutaka Yano appointed as president of Mitsubishi Motors Middle East and Africa

Yano was previously the general manager for the Middle East at Mitsubishi Motors Corporation in Tokyo

Dubai authorities issue safety measures for National Day celebrations

Officials urge people to limit gatherings and avoid crowded places

Axa sells Gulf operations to Kuwaiti group in $269m deal

The insurer sold its stakes in Axa Gulf, Axa Cooperative Insurance Company and Axa Green Crescent Insurance Company to Gulf Insurance Group

Dubai’s DHA launches first phase of NABIDH initiative

The initiative will provide a unified medical record for each individual in Dubai by connecting the information contained in all public and private healthcare facilities

New Dubai government-backed payment app launches in UAE

Empay will avail instant credit facility for making various payments

Abu Dhabi’s AI university appoints academic Eric Xing as president

Professor Dr. Xing has been a visiting associate professor at Stanford University, and a visiting research professor at Facebook

Dnata’s DUBZ offers home check-in services to Emirates passengers

Emirates passengers can book their home check-in services online up to 24 hours before the flight

Saudi Telecom’s CEO quits after two years

A search for a successor is underway

Saudi Central Bank extends pandemic loan support into next year

The programme has helped banks avoid having to recognise credit as non-performing

Etihad Beijing Abu Dhabi

Etihad to begin direct weekly flights from Beijing to Abu Dhabi

Etihad will become the only airline in the MENA region to operate non-stop passenger flights departing from both Shanghai and Beijing

Gitex 2020: Huawei to highlight how partnerships can create value

Connectivity, cloud, AI, computing, and industry applications to drive growth

Dubai Electricity

Dubai’s DEWA slashes water and electricity surcharges

The reductions will be applied on electricity and water bills from December 1, 2020

UAE announces fuel prices for December 2020

Prices have remain unaltered for the ninth straight month