Dubai’s Emirates Group reports 28% drop in full year profit

The group’s revenues decreased 5 per cent to Dhs104bn

UAE’s Danube Group donates Dhs1m worth of food kits amid virus concerns

Distribution will take place from their warehouse facilities in Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah

Dubai’s Aramex posts 38% dip in Q1 2020 net profit

Aramex’s Q1 2020 revenues fell 3 per cent to Dhs1.19bn, compared to Dhs1.23bn in Q1 2019

Asia’s Richest Men Prep for Battle as Adani Enters Ambani’s Turf

Saudi wealth fund exploring an investment in Reliance Jio

Facebook last month agreed to pay $5.7bn for a 10 per cent stake in the digital unit

Kuwait leader urges curbing oil reliance to strengthen economy

Kuwait imposed a 24-hour curfew on Friday for the next 20 days to contain the spread of the pandemic

Decision on 2020-2021 academic year ‘under review’ – UAE education ministry

Local media reports have indicated that e-learning will continue into the next academic year

Covid-19: 88 ICU nurses from India arrive in the UAE to assist efforts

The move comes as the UAE has boosted capacity by opening new field hospitals across the country

Emirates begins limited inbound passenger flights to Dubai

The current destinations for return flights include Frankfurt and London

Time to give back: The OPPO perspective

The global smartphone leader is stepping up efforts to ensure that it can play its part in preventing the spread of Covid-19 and assisting the community in the current situation

The growing trajectory of digital healthcare tools

In the aftermath of the global Covid-19 spread, the demand for digital healthcare tools is expected to scale

Mideast Petro-States look past oil rout to chase solar power

Prices for benchmark Brent crude have slumped 52 per cent this year, falling far below levels that most governments in the region need to balance their budgets

How the Covid-19 pandemic enabled YouTubers to become teachers

If any e-learning habits built up during Covid-19 become ingrained, schools may be prompted to incorporate more YouTube videos into their routines

Covid-19 testing UAE

UAE reports 553 new Covid-19 cases, death toll rises to 174

The total number of cases in the country has risen to 16,793

Etihad to start operating inbound flights for UAE residents

The limited one-way flights from 12 cities have all been approved by the UAE government

Emirates Airline Foundation

Emirates customers donate 132 million Skywards Miles to airline’s foundation

The Emirates Airline Foundation also donated more than Dhs6.5m to 22 projects in 12 countries from April 2019-March 2020

Oil anchored near $24 on lingering concerns about global glut

US crude stockpiles rose for a 15th week, although at a slower pace, while supplies at the Cushing storage hub expanded

Khalid Al Marzooqi Khalifa Industrial Zone Abu Dhabi

Khalifa Industrial Zone Abu Dhabi announces stimulus package for SMEs

Approximately 98 per cent of companies in Abu Dhabi are SMEs, contributing 29 per cent of the emirate’s GDP and 44 per cent of its non-oil economy

coronavirus

GCC Covid-19 update: UAE registers 502 cases, 8 deaths; Saudi cases cross 33,000

The death toll in the UAE and Saudi Arabia has risen to 165 and 219 respectively

Abbott's ARCHITECT CE Mark

Abbott launches Covid-19 antibody tests in the UAE

The company will ship the tests to the UAE beginning May 7 and intends to distribute 300,000 tests by the end of the month

Facebook Journalism Project launches fund to support local newsrooms amid Covid-19

Facebook will work with the International Centre for Journalism (ICFJ) to offer grants, webinars and professional mentorship to support publishers

Emirates SkyCargo

Emirates SkyCargo operates nearly 100 daily flights to 65 cities worldwide from UAE

It is using the Emirates passenger fleet to transport cargo in the overhead bins and and on the seats, in addition to the belly of the aircraft

Danielle Curtis Arabian Tavel Market

Dubai trade show Arabian Travel Market announces three-day virtual event in June

It will feature speed networking sessions, interviews with aviation keynote speakers and pre-recorded on-demand roundtables

Dubai developer Nakheel cuts salaries by up to 50%, CEO steps down

The salary cuts range from 30 per cent to 50 per cent for employees earning above Dhs4,000

Abu Dhabi university to provide financial aid to students affected by Covid-19

The university said it is will provide aid to students who are finding it difficulties to finance their tuition fees

UAE reports 546 Covid-19 cases, 11 deaths

The Covid-19-related death toll has now risen to 157

Dubai’s Damas Jewellery appoints new chairman and CEO

Perramond replaces Damas’ first female CEO, Asil Attar, who was appointed to the role in February last year

Dubai’s Q1 2020 external trade reaches Dhs323bn with China as largest trading partner

Customs transactions in Dubai reach 4 million in Q1 2020, up 60 per cent year-on-year

UAE’s Mubadala Healthcare and NYUAD to jointly produce 3D-printed medical masks

The 3D-printed masks will be similar to the N95 mask, but will be reusable and feature replaceable filters

coronavirus Covid-19 UAE

GCC Covid-19 update: Saudi reports 1,687 cases, nine deaths

Since the outbreak, Saudi Arabia has reported the highest number of cases in the GCC with 31,938 infections

Air Arabia, flydubai open return flight bookings from UAE

The UAE authorities are yet to announce the resumption of regular commercial passenger flight operations