Dubai Economy renews 33,874 licences through its ‘Auto Renewal’ service

The Business Registration & Licencing (BRL) sector also recorded a 62 per cent increase in auto renewal transactions during the first four months of 2020, compared to the same period in 2019

Human Technology Connection

AI and jobs: The ethical question that companies face

As businesses implement AI, questions arise on the future of their workforce. Should they replace human employees with technology? A recently opened Microsoft AI Business School outlines how companies can approach the topic of AI and ethics

Oil rises above $30 for first time in two months on output cuts

There’s still a risk, however, that oil’s recovery could be derailed if the pandemic worsens

Gold climbs to seven-year high as Fed warns on US economic growth

Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth

Dubai’s Emirates says no announcement made on ‘mass redundancies’

Media reports had claimed that the airline planned to cut about 30,000 jobs or 30 per cent of its workforce

coronavirus covid-19

GCC Covid-19 update: UAE reports 731 cases, Saudi registers 2,736 infections

The death toll in the UAE and Saudi Arabia has risen to 220 and 312 respectively

Etihad adds destinations for special flights to return UAE residents

These flights have already received approvals from the UAE government

Abu Dhabi’s Mubadala announces rent deferment for ADGM tenants

This initiative is part of Mubadala’s ‘We Are Dedicated’ campaign, and aims to support commercial tenants

Saudi wealth fund said to be seeking $10bn margin loan

PIF is in need of capital as it embarks on an investment spree that has seen it build stakes in some of the world’s largest companies since the start of the coronavirus pandemic

Air Arabia Q1 2020 net profit falls 45 per cent

The airline also reported a turnover of Dhs901m in the first quarter of this year

Dubai’s RTA replaces paper parking tickets with digital ones

RTA said that parking machines were updated to include interactive touch screens to obtain an e-ticket

Why UAE businesses must streamline sales through technology

UAE-based Saphyte provides businesses a software solution using intuitive design, automation and big data to create a competitive edge

Abu Dhabi Sheikh in talks to buy stake in Amanat

Amanat said earlier this year it expects the region’s health industry to expand at a compound annual growth rate of 6.7 per cent by 2022

OPEC chief optimistic that the worst of oil crisis is over

OPEC+ will look at all options when it meets again in June, Mohammad Barkindo said

Dubai denies media report that it is seeking support from Abu Dhabi fund Mubadala

It added that Reuters published the story without verifying the trustworthiness of its source

Saudi wealth fund PIF buys Boeing, Citi, Facebook, Disney stakes

The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor said in April

The power of integrating AI models into HR departments

Does the implementation of AI as a routine part of HR department operations mean that a company’s human workforce will eventually be trimmed?

Razeen Field Hospital Abu Dhabi

UAE reports 796 new Covid-19 cases; Abu Dhabi inaugurates 250-bed field hospital

There are four more field hospitals under construction in Abu Dhabi

Why commercial-military collaborations will drive revolutionary innovation

The history of warfare is marked by innovation. The 4.0 era will be won by smart technological convergence

What role do GCC banks play in the current economic crisis?

Although the Covid-19 situation is straining financial institutions, banks have a major role to play in keeping economies buoyant during the current crisis and beyond

Dubai Airports CEO Paul Griffiths

Dubai Airports CEO Paul Griffiths expects 18-24 months recovery timeframe

Dubai International Airport recorded 17.8 million customers in Q1 2020, down 19.8 per cent year-on-year

coronavirus

GCC Covid-19 update: UAE reports 698 cases, Saudi registers 2,039 infections

The death toll in the UAE and Saudi Arabia has risen to 208 and 283 respectively

Responsible AI

Why regional executives should consider AI education

The process of implementing AI in organisations is a complex one and requires the right kind of training, says Microsoft, which has launched its AI Business School

Uber launches UberMedics to support healthcare workers in the UAE

It has partnered with Mubadala as well as hospitals including Saudi German Hospital and Zulekha Hospital

Saudi Arabia boosts food spending at home and abroad to secure supply

Following the Covid-19 outbreak, the kingdom introduced two initiatives worth $665m to support farmers and facilitate food imports

IEA head sees oil use below pre-virus levels for at least a year

Crude demand of about 100 million barrels a day prior to the pandemic plummeted by about 30 per cent last month

coronavirus covid-19

UAE reports 725 new Covid-19 cases; total number of tests cross 1.5 million

There were also three fatalities reported on Wednesday

UAE may merge ministries post-coronavirus – Sheikh Mohammed

The UAE government held a three-day virtual summit to develop a post-virus strategy

India repatriation flights from UAE

Eleven flights from UAE to India in second phase of repatriation between May 16-22

The second phase aims to return 30,000 Indians from 31 countries onboard 149 flights

GCC Covid-19 update: Saudi registers 1,905 cases; Kuwait records 7 deaths

The death toll in Saudi Arabia has risen to 273