Abu Dhabi wealth fund sees U-shaped global rebound next year

As the pandemic forced factories all over the world to shutter and people to stay home, the global economy has plummeted and oil prices have dropped by almost half since the start of the year

Ghosn’s accused accomplices held as Japan seeks extradition

The arrests come a week before the expected announcement of a major restructuring plan at Nissan

Up to 50% discount on traffic fines in Abu Dhabi

Those who do not avail of this discount offer will have to pay the full amount of the fines once the scheme ends

Dubai public transport timings updated – RTA

These new timings for public transport services will remain effect until further notice

ALHOSN UAE Covid-19 app

Public urged to download ALHOSN UAE Covid-19 tracing app

The app is being updated to include an additional function of being able to remotely monitor quarantined individuals

Bahrain deploys Covid-fighting robots amid virus concerns

The AI-powered machines, capable of identifying patients using facial recognition, can respond to voice commands from staff

Ubisoft Rainbow Six Siege

Game developer Ubisoft files lawsuit against Apple, Google

There have been over five million downloads of the game on the Google Play store alone

UAE summer school holidays and reopening dates announced

The directive is applicable to both public and private schools

Dubai’s ICD reports 16.9% rise in 2019 profits

Its 2019 revenues dipped 1.9 per cent to Dhs228bn

UAE’s ENBD REIT announces rent relief measures to aid tenants

ENBD REIT would require tenants to provide requisite documents for it to extend adequate rental relief

UAE telecoms operator Etisalat CEO resigns

Saleh Al Abdooli has resigned for personal reasons

Tesla shares give up gains on renewed prospect of Musk buying Twitter

Tesla expected to soon reveal ‘million-mile-battery’

Tesla has collaborated with Chinese company Contemporary Amperex Technology for this battery

QuantLase Imaging Lab

UAE develops rapid coronavirus laser testing technology with results available in seconds

The device which is expected to be available in the market over the next few months is developed by QuantLase Imaging Lab and will enable rapid mass-scale testing

Saudi Aramco is first oil major to regain pre-price-war share price

Aramco’s recovery has been achieved on much smaller share volumes than its international counterparts

Abu Dhabi launches clean certification programme for tourism

The certification programme will be rolled out in phases, the first of which will be dedicated to hotels in Abu Dhabi

Etihad axes ‘hundreds of jobs’ across business divisions to weather Covid-19 impact

The report added that more job cuts were expected

Huawei responds to severe new US sanctions

The new sanctions prevent any company that uses American machines or technologies from dealing with Huawei

Global downturn risks becoming prolonged recession – WEF

High unemployment, lack of progress in reducing carbon emissions and exacerbated inequalities are all possible side effects of the pandemic

Apple to reopen a few stores, strict safety precautions in place

All visitors will need to undergo a temperature check before entering, and will need to wear a face mask

UAE Covid-19

GCC Covid-19 update: UAE reports 873 cases; Saudi confirms 2,509 infections

The death toll in the UAE stands at 227 while 26 people in Oman have succumbed to the virus

ENEC completes test for Unit 4 at Barakah nuclear power plant

ENEC is currently in the final stages of construction of units 2, 3 and 4 of the plant, while the overall construction of four units is more than 94 per cent complete

Etihad Airways Boeing 787-9 Dreamliner

Etihad adds special flights in May and June to and from Abu Dhabi

The airline is also facilitating transit flights from Sydney and Melbourne to and from London via Abu Dhabi

Abu Dhabi City United Arab Emirates

Abu Dhabi offers more bonds to stockpile cash

The fall in oil prices has put a strain on the finances of Middle Eastern energy-producing countries

Mashreq Bank Metro Station

RTA renames three metro stations in Dubai

It has signed an agreement with Dubai-headquartered Mashreq Bank as part of the new deal

Oman cuts pay for new civil servants by up to 23%

Oman has resorted to spending cuts to stabilise public finances

Emirates Skywards members can now earn Tier Miles by shopping within the UAE

Tier Miles are normally linked to miles flown and consequently determine tier status – Blue, Silver, Gold and Platinum

GCC Covid-19 update: Saudi reports 2,593 cases; Kuwait announces 6 deaths

Saudi Arabia has registered a total of 57,345 cases since the outbreak

Four of five organisations in UAE faced at least one ‘cyber attack’ in 2019 – study

As many as 75 per cent respondents admitted that they train their employees on cybersecurity best practices twice a year or less

Saudi Binladin slashes jobs and pay to cut costs in half

The Jeddah-based construction conglomerate has reportedly put thousands of employees on indefinite, unpaid leave

Salman Khan

Video: Salman Khan has a message for Abu Dhabi residents amid Covid-19 crisis

The Bollywood star has urged people to stay at home and to get themselves tested in case they develop symptoms of the virus