Saudi chemicals maker SABIC posts profit as demand revives

Profit rose mainly due to the reversal of SAR690m of impairments associated with Clariant AG

Gym

Covid-19: Fitness centre in Dubai shut down due to repeated violations

Inspection teams from the Dubai Sports Council and Dubai Economy, alongside Dubai Municipality, carried out checks at facilities across the emirate

Aldar, ADQ sign agreement on Dhs30bn of Abu Dhabi projects

Aldar will also have management oversight of Musanada projects ranging from education, healthcare, infrastructure, social services and facilities management

Motorists in Dubai can now report minor traffic accidents at ENOC stations

Up to 250 ENOC employees among the stations’ supervisors are trained to assist motorists in reporting minor accidents

GAC Motor GA8

GAC Motor launches all-new GA8 sedan in Saudi Arabia

GAC has five showrooms in four cities spread out across Madinah, Riyadh, Dammam and Jeddah

UAE holiday

UAE confirms private sector holiday to mark Prophet Mohammad’s birthday

Private sector employees will have a three-day weekend, and will resume work on Sunday, November 1

Third quarter Saudi-Bahrain trade surges by 43%

Trade between the two countries hit $2.17bn in Q3 2020

Covid-19 update: UAE reports 1,359 cases, two deaths

The death toll in the UAE has risen to 477

Abu Dhabi Securities Exchange announces listing of Sawaeed Holding

Sawaeed Holding is the fourth ADX listing in 2020

Ibrahim Al Abed

Obituary: Ibrahim Al Abed, an inspirational journalist

Al Abed, founder of the Emirates News Agency WAM, passed away on October 20

Exclusive: Regional venture capitalist Noor Sweid on the startup ecosystem

Noor Sweid, founder and partner of Global Ventures, on how the startup ecosystem has coped with the pandemic

Saudi Arabia issues new SAR20 note to mark G20 Presidency

The new banknote will be put into circulation on October 25, 2020, as an official legal banknote

Emirates Dubai International Airport DXB

Emirates launches ‘biometric path’ for contactless experience at Dubai airport

The biometric touchpoints are currently installed at Terminal 3 within DXB

Prince Khaled’s KBW Ventures invests in US-based organic seed startup

Back to the Roots to use funding to scale up distribution, marketing, for seed packet line

Dubai Silicon Oasis Authority signs agreement with International Free Zone Authority

According to the agreement, new and existing IFZA companies can work from the integrated free zone technology park

Etisalat

UAE’s Etisalat recognised as world’s fastest mobile network

Previously, Etisalat won the Speedtest Awards for fastest mobile network worldwide in Q1-Q2 and Q2-Q3 2020

Saudia 3

Saudia to resume flights to 13 more destinations in Nov, including cities in India

The additional routes will increase Saudia’s total number of international destinations to 33

UAE revamps oversight bodies to boost economy’s competitiveness

Responsibilities of the Securities and Commodities Authority will be limited to regulating and overseeing local financial markets

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Dubai

Sheikh Hamdan unveils new Dhs500m stimulus package for Dubai

The overall value of economic support provided by the emirate in 2020 has risen to Dhs6.8bn

How University of Wollongong in Dubai is looking to alter the higher education landscape

Australia’s University of Wollongong in Dubai opens its state-of-the-art campus in Dubai Knowledge Park

Covid-19 testing UAE 8

UAE announces 1,563 new Covid-19 cases

The total death toll in the country has reached 475

Ferrari World Abu Dhabi Roof Walk

Ferrari World Abu Dhabi launches new attractions to mark a decade

The Ferrari-inspired theme park opened its doors on November 4, 2010

Revealed: Five popular water sports in Dubai

The emirate has a line of exhilarating activities for water sports enthusiasts

Careem Dubai

Careem reduces fares in Dubai by up to 50%

The minimum fare on the Careem Max rides has been reduced by half

Covid-19 update: UAE records highest daily spike in infections with 1,578 new cases

The second highest daily rise was reported on October 17 and 21

GCC countries see sharp spike in financial malware in H1 2020: report

UAE sees 42.5% increase in financial malware in the first half of the year

Dubai’s Emirates to operate A380 to Amman from November 4

Customers can fly the Emirates A380 from Dubai to Amman thrice a week

JLT Dubai

Bull&Roo to open new 3-level F&B concept in Dubai’s JLT

The new retail and F&B concept will open in Jumeirah Lakes Towers Central Park by Q2 2021

UAE telco Etisalat reports 6% rise in net profit for Q3 2020

Etisalat’s consolidated revenue for Q3 2020 amounted to Dhs13bn

Tabreed

UAE’s Tabreed issues new $500m 7-year bond

The bond has been rated Baa3 by Moody’s and BBB by Fitch