Kuwait workers

Kuwait’s draft law on expat quotas to exempt domestic workers, those on government contracts

Under the new proposal, Indians must not exceed 15 per cent of the population of Kuwaitis

Dubai crown prince Sheikh Hamdan

New survey in Dubai reveals 88% satisfaction in government’s handling of Covid-19 pandemic

There were 91 per cent of respondents who approved of the effectiveness of the national sterilisation programme, while 88 per cent were satisfied with the testing measures in place

Saudi car rental firm Theeb hires Fransi Capital for IPO

The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbreak

Intel to delay shipping its next-generation chips until 2022

Outsourcing manufacturing would mark a major shift in Intel’s business model

UAE’s Kibsons temporarily suspends home delivery services

An incident at the company’s warehouse has led to a temporary disruption in home delivery services

NVIDIA ARM

NVIDIA touted to take over chip manufacturing giant ARM – reports

SoftBank had acquired ARM in 2016 in a deal worth $32bn

GCC Covid-19 update: UAE reports 351 cases; 1,968 infections registered in Saudi

The death toll in Saudi Arabia stands at 2,733

Huawei launches mid-range Nova series 5G phone in the UAE, price revealed

The smartphone comes with AppGallery, Huawei’s official app marketplace

WeMENA expanding into reseller marketplace

Individuals looking for residual income can create a catalogue of products from WeMENA’s online product list

Developer Emaar inaugurates Address Marassi Golf Resort in Egypt

The resort is located in the Sidi Abdelrahman bay

Global Village

Global Village announces opening dates for 2020 season in Dubai

Season 25 will commence on October 25 and will run for 25 weeks

Abu Dhabi’s EWEC awards contract for ‘world’s largest’ solar power plant

Al Dhafra Solar PV project is expected to provide approximately 160,000 households across the UAE with electricity

HSBC UAE launches online trading platform for wealth clients

The platform provides access to stock exchanges in the US, UK and Hong Kong

DIFC

China strengthens fintech cooperation with Dubai through new agreement with DIFC

Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing

Dubai Customs furnished 452,000 insurance refund requests in H1 2020

The insurance refund requests were valued at Dhs3.2bn

Global Exclusive: How tech event LEAP aims to transform Saudi’s ICT landscape

Saudi Arabia is transforming its technology landscape, aiming to become the regional hub for innovation and building an ecosystem where the tools of tomorrow are conceptualised and created. Powering that ambition is LEAP, a new mega tech event set to have a ‘seismic’ impact on the global stage

Dubai

Dubai’s real estate sector records transactions worth Dhs72.5bn in H1 2020

In H1 2020, 4,536 women investors completed 5,112 investments worth Dhs6.6bn

Update: Garmin yet to recover after ransomware attack

Ransomware attacks are increasing in their frequency and intensity

SAUDI-HEALTH-VIRUS

Saudis stuck home for summer burn more oil for air conditioners

The extra oil going toward power may limit the price impact of OPEC’s plan to taper output restrictions from next month

UAE Hope Probe

UAE’s launch kicks off a trio of Mars missions as planet draws close

The UAE launched its mission on Sunday, with the US and China to follow later this month and next

Fetchr raises $15m for Saudi Arabia expansion

Pledges could increase to as much as $25m

Smart city projects receive public stamp of approval

Majority of citizens of global cities support facial recognition to fight crime

Covid-19 is the chief concern for UAE investors – UBS study

Majority of UAE investors said they were optimistic about the global economy

Dubai’s Emirates to be first airline to offer free cover for Covid-19 medical costs for passengers

The cover for Covid-19 related medical expenses and quarantine costs is offered to all its customers regardless of class of travel or destination

Twitter says direct messages of 36 people were accessed in last week’s hack

Hackers last week hijacked accounts belonging to several high-profile figures

Ajman

Ajman to open free Covid-19 testing centre on July 23

The centre has a testing capacity of over 2,000 people per day

Abu Dhabi moves to get more value from oil with chemical venture

ADNOC and its partner, ADQ, agreed to invest in and manage downstream activities at the planned Ruwais Derivatives Park

Saudi Arabia

Saudi Arabia refutes reports that it is mulling income tax

An official within the government added that the “issue is fundamentally not for discussion”

dubai-international-airport-runway

Prior Covid-19 tests mandatory for all passengers arriving or transiting through UAE airports

Children under the age of 12 and those with severe or moderate disabilities will be exempted from the mandatory tests

Dubai-based 3D printing start-up Immensa to expand to Saudi Arabia, US

Amid Covid-19 pandemic, Immensa remobilised to produce more than 20,000 3D printed face shields per week