Exclusive video: Tracing the journey of Dubai’s JA Resorts with Dutco chairman Ahmed Baker

JA Resorts and Hotels has now become an international hospitality brand with eight properties

Airline

IATA calls on Saudi Arabia for support amid mounting virus concerns

According to IATA estimates, revenues generated by airlines in the Saudi market will fall by $7.2bn in 2020

Dubai’s Emirates to resume scheduled passenger flights starting next week

The airline will also offer connections in Dubai for customers travelling between the UK and Australia

Etihad Airways 3D printed face shields PPE

Video: Etihad manufactures 3D-printed face shields for UAE’s healthcare workers

The shields are made from 100 per cent recycled materials

Saudi Arabia ‘Vision 2030’ plan cut by $8bn – report

Brent crude is currently trading at around $30 a barrel, about half the level it was when Saudi Arabia announced its budget in December

Dubai Video Games Game_On

Dubai Media City launches video game development workshops

The inaugural workshop will be conducted by Ahmad Al-Natsheh on May 14 at 3pm

Dubai family businesses seek VAT cut and government help to repatriate expat workers

Representatives of family businesses met with Dubai government officials last month

Saudi Arabia

Saudi declares complete curfew across the kingdom during Eid Al Fitr holidays

Until May 22, residents can continue to move freely between 9am-5pm in the regions where the curfew has been eased

Dubai permits hotel beaches and public parks to reopen, watersports, skydiving also allowed

In malls and retail outlets, the refund and return of goods and the use of fitting rooms is now permitted

NMC administrators start selling its assets to pay the UAE hospital operator’s creditors

The moves mark the official beginning of the dismantling of NMC, which once had a market value of up to $11bn

Dubai reveals ‘reopening’ plan post Ramadan for malls, offices

Malls will be allowed to stay open longer but restrictions on children, elderly to continue

GCC Covid-19 update: UAE registers 783 cases; Saudi reports 1,911 infections

Since the outbreak, the UAE has recorded a total of 19,661 cases

Dubai startup Invygo raises $1m in funding

The startup plans to use the funds to further the business by expanding into new customer segments

ADNOC Distribution Service Station

ADNOC Distribution’s Q1 net profit down 31%

Its underlying EBITDA grew 4.7 per cent year-on-year to $171m in the first quarter of 2020

Oil edges higher on recovery signs while Saudis flag deeper cuts

Saudi Arabia aims to pump just under 7.5 million barrels a day in June, compared with an official target of about 8.5 million a day

What will be the impact of Saudi’s VAT hike on businesses and consumers?

The kingdom has hiked its VAT rate from 5 per cent to 15 per cent starting July 1

Abu Dhabi Airports handled over 1,800 weekly cargo flights in March

The airport processed 7,315 cargo flights in March

Coronavirus Testing Laboratory

GCC Covid-19 update: UAE registers 680 infections; Kuwait reports 7 deaths; Saudi cases cross 41,000

The death toll in Saudi Arabia and the UAE has risen to 255 and 201 respectively

Flydubai confirms suspension of regular flights until June 4 from UAE

On its special repatriation flights, more than 12,532 passengers were returned to their homes

No plans to hike VAT in the UAE – ministry

The UAE government levied a 5 per cent VAT on goods and services in January 2018

Abu Dhabi launches digital service for rent refunds on commercial leases

The new online service has been activated in collaboration with the Abu Dhabi Department of Finance

UAE’s Majid Al Futtaim to launch City Centre Al Zahia in March 2021

The upcoming mall spans 136,200 sqm of gross leasable space and will become the largest mall in the Northern Emirates once inaugurated

Saudi Aramco seeks to restructure $69.1bn SABIC deal

Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF

JetClass’ not-for-profit flightpooling service to return residents to the UAE, other countries

A minimum of six people are required to charter a flight, with the cost split equally among them

dubai silicon oasis

Dubai Silicon Oasis introduces additional economic relief measures

In April, DSOA introduced several incentives for residents, startups, companies and commercial tenants located within buildings owned by the authority

Saudi Arabia triples VAT, cuts cost of living allowances

The steps taken to shore up revenue and rationalise spending are valued at about SAR100bn in total

UAE’s ADCB posts 82% drop in Q1 net profit on NMC impairment charges

Its net loans stood at Dhs247bn and customer deposits at Dhs263bn as of the end of Q1 2020

BRF’s Sadia commits to 1.4 million meals across the GCC amid Covid-19 concerns

The company has set up a Covid-19 Response Fund worth $1m and has collaborated with government entities and charitable associations to assist regional communities

Bahrain sells riskiest Eurobond since market reopened

The 10-year bonds yield 7.375 per cent, a substantial yield premium that has attracted more than $7.5bn so far