Oil steady near $39 after surge on optimism for US stimulus

People in China are vacationing during the Golden Week holiday, displaying the country’s confidence in its economic rebound and its public health measures

Dubai-world-trade-centre-DWTC

Dubai World Trade Centre signs agreement with Israel for large-scale conferences and exhibitions

The commercial potential of agreements between the UAE and Israel is estimated at $500m per annum across several key sectors

Saudi to localise IT, communication jobs in kingdom

The localisation will help create 9,000 jobs for Saudi citizens

Ras Al Khaimah international airport

UAE residents, tourists and Emiratis can arrive at RAK Airport without prior approvals from October 15

Passengers must obtain a negative Covid-19 result before returning

Abu Dhabi investor signs pact on $225m Sudan farm project

The project aims to create 5,000 jobs and generate $1bn in export revenue over 10 years

UAE September purchasing managers’ index rises to 11-month high

Output rose for the fourth straight month

Majority of UAE customers would readily switch their bank: report

BCG survey says 87 per cent of respondents would consider a digital-only bank

Domestic workers

UAE resumes issuing entry permits for domestic workers

It has also started granting employment permits for government and semi-government entities, as well as employees of vital facilities

Abu Dhabi’s Etihad launches global student offer

This offer excludes departures from India and China

Dubai’s DIFC FinTech Hive to host new accelerator for redundant employees

ASPIRE hopes to reach 5,000 participants in the next 12 months

Is artificial intelligence a promising global investment opportunity?

Technologies today enable machines to perform the cognitive functions of sensations, concept and intent

Honda Red Bull F1

Honda to exit F1 post 2021 season

It will use F1 technology to drive its goal of electrifying two-thirds of its fleet by 2030

Home security

Brand exploitation by cyber criminals raises alarm in UAE, Saudi

Report by Mimecast finds three quarters of IT pros concerned about spoofing attacks

Dubai’s Emirates to resume flights to 5 more cities

The carrier’s global network will grow to 99 destinations

Sheikh Hamdan Emirates Lunar Mission

Pictures: Sheikh Hamdan reviews Emirates Lunar Mission preparations in Dubai

The project will attempt to land a rover on an area of the Moon’s surface that has not been explored by any previous mission

Dubai

Dubai fines 8 businesses, warns 13 for violating Covid-19 protocols

The inspections teams also found that 656 commercial establishments fully complied with the precautionary measures

Saudi launches Al Nawras development project in Jeddah

The project is part of Saudi Vision 2030

dubai marhaba

Marhaba offers pre-flight home Covid-19 testing and check-in to customers in Dubai

Passengers can obtain a medical certificate within 24 to 48 hours of being tested at any location of their choice across Dubai

Dubai

Dubai launches new business incubator to support British SMEs

The incubator has been launched in cooperation with the British Centres for Business in Dubai

Dubai Fitness Challenge

Dubai Fitness Challenge 2020 dates announced

The citywide fitness event will feature a mix of physical and virtual events

The Palm Fountain Dubai

Watch: World’s largest fountain to launch in Dubai this month

The Palm Fountain will run three-minute shows, every half an hour, beginning 7pm until midnight

UAE-Bahrain trade returning to pre-Covid levels, H1 figures show

Trade between two countries hits $139.6m in June, highest since pandemic struck

Bold decisions: How Covid-19 hustled Careem back to the startup mindset

Gheed El Makkoui, general manager at Careem UAE discusses all things mobility with Gulf Business in times of the pandemic

KUWAIT-HEALTH-VIRUS-ECONOMY

Kuwait Central Bank denies plan to devalue, stands by peg

Kuwait is the only country in the six-member Gulf Cooperation Council that links its currency to a basket dominated by the US dollar, while the others are linked solely to the greenback

Dubai Municipality taps Huawei for disaster recovery data centre

The Tier 2 data centre inaugurated less than three months from the start of the contract

Yves Bonzon, Group CIO, Bank Julius Baer

Will healthcare take the lead in 2020s?

What are the biggest trends set to redefine the future of the industry?

healthcare

Three trends defining the future of healthcare

The weakness of the present healthcare system revealed by the Covid-19 crisis, along with the rise in chronic diseases associated with lifestyle changes and a rapidly ageing population worldwide, will shape the future of healthcare

DGA

Saudi Arabia scraps VAT for property deals

However, a new tax of 5 per cent – the Real Estate Transaction Tax – will be levied on property deals in place of the VAT

Arabtec

Burj Khalifa builder Arabtec set to fall into liquidation

It was valued at about Dhs30bn at its peak in 2014 and is now worth Dhs795m

Omantel is said to explore a $500m sale of tower network

It reported a 28 per cent drop in first-half profit, hurt by a sharp slowdown in economic activity