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Wizz Air to begin low-cost flights to Europe from Abu Dhabi this year

It added that these flights are subject to aviation activities being resumed in the respective countries

Abu Dhabi National Insurance Company

Abu Dhabi National Insurance Company reports Q1 net profit of Dhs122.6m, up 133% y-o-y

Its gross premiums increased to Dhs1.87bn, up 7.7 per cent over the corresponding quarter from last year

Robot technology deployed to disinfect Abu Dhabi airport, screen passengers

The robot will be deployed throughout Abu Dhabi International Airport including staff areas and cargo facilities as well as cabins on passenger aircraft

Finablr uncovers $1bn in hidden debt as UAE’s NMC Health scandal widens

The London-listed company, Finablr, had a market value of GBP77m when it was halted from trading in March, down from a peak of GBP1.5bn in December

UAE reports 561 new Covid-19 cases, 121 recoveries as testing intensifies

The new cases were detected following over 36,266 tests conducted to screen for the virus

Abu Dhabi Stem Cell Center

UAE reports 557 new Covid-19 cases; Abu Dhabi Stem Cells Center receives patent for breakthrough treatment

All the 73 patients who underwent the stem cells treatment have now recovered from the virus

Private sector salaries must be paid on time – UAE labour ministry

Employers must abide by the Ministerial Decree No. 739 of 2016 that safeguards employees’ wages and which mandates that employment contracts are honoured

Abu Dhabi shelves sale of $2bn private equity book due to coronavirus

The sovereign wealth fund is estimated to have about $580bn under management

Abu Dhabi’s Waha to invest bulk of $200m in US stocks

Waha Capital posted a loss of Dhs616m for 2019

Abu Dhabi F1 race scheduled to take place in December

The exact dates of the final race of the season has not yet been revealed

UAE petrol prices for May declared

Super 98 petrol will cost Dhs1.91 per litre, while Special 95 is priced at Dhs1.80 per litre

Abu Dhabi City United Arab Emirates

Abu Dhabi’s ADQ acquires 100% ownership of National Petroleum Construction Company

ADQ assumed complete ownership of NPCC after acquiring 30 per cent shares previously held by Consolidated Contractors International Company

Etihad

Etihad announces flights to 15 international destinations from Abu Dhabi in May

Emiratis wishing to return home from any of the foreign destinations where Etihad is flying to should contact their local UAE embassy or consulate

First Abu Dhabi Bank

First Abu Dhabi Bank reports 22% decrease in year-on-year Q1 2020 net profit

Meanwhile, the value of total assets of the UAE’s largest bank rose 14 per cent to Dhs835bn

Abu Dhabi issues guidelines for reopening restaurants, lounges and bars in hotels

Some of the requirements include testing all staff for Covid-19, installing thermal cameras and ensuring social distancing protocols are in place

Abu Dhabi’s ADPower solar project receives world’s lowest tariff bid

The 2GW Al Dhafra Solar PV project is slated for completion in the second quarter of 2022

Abdul Hamied Ahmed Seddiqi

Ahmed Seddiqi family donates Dhs10m to Covid-19 medical research in the UAE

Dubai-headquartered Ahmed Seddiqi & Sons are one of the world’s biggest luxury watch and jewellery retailers

British Business Group

British Business Group in the UAE launches new website to support companies

Nearly 65 per cent of British Business Group members say they need more clarity on the UAE government schemes available to them

NORQAIN

Independent Swiss watch brand NORQAIN has big plans for the Middle East

In conversation with Bienne-based watch brand NORQAIN’s founder and CEO Ben Küffer

Lucid Motors

Electric car manufacturer Lucid Motors enters UAE and Saudi Arabia

The Saudi PIF-backed company is expected to begin deliveries of its Lucid Air model next year to customers in the Middle East

Abu Dhabi mall employees to be tested for Covid-19; new guidelines for customers visiting shopping centres

The testing of the employees would be carried out in coordination with the Department of Health (DoH)

Etihad Ramadan box

Etihad to distribute Ramadan boxes to healthcare workers in the UAE

Via the Zomato app, anyone who has been medically or financially impacted by the virus can also request for the box

Abu Dhabi’s NMC Health to delist from London Stock Exchange; UAE to seize founder BR Shetty’s assets

NMC Health said last month that they had uncovered $2.7bn of debt hidden from its board, doubling its borrowings to around $5bn

LinkedIn Ramadan campaign

LinkedIn launches first-ever Ramadan campaign from the Middle East

Members can post their thoughts and stories of kindness using the hashtag #MonthOfKindness throughout the holy month

Chevrolet Tahoe

Chevrolet offers deep discounts and order-from-home on its cars in the UAE

Customers can complete the entire purchasing process online without visiting the showroom

UAE reports 536 new Covid-19 cases, total cases cross 10,000

The ministry also reported five new fatalities, thereby raising the total death toll up to 76

Abu Dhabi’s Etihad extends suspension of flights until May 16

The UAE suspended all international flights last month to contain the spread of Covid-19

coronavirus covid-19

UAE reports 518 new Covid-19 cases, four deaths

The health ministry also announced 91 new recoveries

New UAE low cost carrier Air Arabia Abu Dhabi gets ‘operating certificate’

The airline said it will work to finalise the launch date depending on when “market conditions improve and skies are open again”

Dubai bans gatherings of more than 10 people during Ramadan

Physical contact including handshakes and hugs are strictly prohibited during these gatherings