The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis
As companies across the GCC tackle the challenges posed by the Covid-19 pandemic, regional business leaders reveal insights on what their organisations are doing and offer advice on how to deal with the current crisis
The funds will be used to support 6,000 businesses in their financing needs
He added that state oil revenue has decreased by more than half, and non-oil revenue will decrease as well
The company has about $100m in cash reserves and isn’t currently talking to banks about financing or seeking government aid
The London-listed company, Finablr, had a market value of GBP77m when it was halted from trading in March, down from a peak of GBP1.5bn in December
The new cases were detected following over 36,266 tests conducted to screen for the virus
While all sources of energy — oil, coal, natural gas, and even nuclear — will see a decline, renewable energy is likely to be the bright spot
In a matter of months, the coronavirus reset the clock on a decades-long aviation boom that’s been one of the great cultural and economic phenomena of the postwar world
To enter the fiercely competitive audio market, it teamed up with one of the industry’s best audio engineers: Alex Rosson
The increase has been attributed to a behavioural change among users, with an increasing number of customers opting for contactless service options
The one-way special flights will allow outbound travel of residents and visitors in the UAE wishing to return to their home countries
The death toll in the UAE and Saudi Arabia has risen to 105 and 162 respectively
While there remain pockets of opportunity, investors should ensure they have sufficient liquidity right now, stresses Vijay Valecha, chief investment officer at Century Financial
The healthy food company has also crafted a special meal plan for those who want to continue to stay on top of their routine throughout the holy month
Currently around 75 Emirates aircraft, both passenger and freighter, are taking to the skies, carrying people for repatriation and cargo for essential reasons
Employers must abide by the Ministerial Decree No. 739 of 2016 that safeguards employees’ wages and which mandates that employment contracts are honoured
The kingdom banned Julphar’s products in September 2018 for failing to meet regional standards
The sovereign wealth fund is estimated to have about $580bn under management
Waha Capital posted a loss of Dhs616m for 2019
These hospitals are located at Sharjah, Umm Al Quwain, Ras Al Khaimah and Fujairah
The death toll has now risen to 98
Since the outbreak, Saudi Arabia has reported 21,402 Covid-19 cases, while in Kuwait, 3,740 people have contracted the virus
Super 98 petrol will cost Dhs1.91 per litre, while Special 95 is priced at Dhs1.80 per litre
ADQ assumed complete ownership of NPCC after acquiring 30 per cent shares previously held by Consolidated Contractors International Company
Emiratis wishing to return home from any of the foreign destinations where Etihad is flying to should contact their local UAE embassy or consulate
Shetty claimed he was also a victim of fraud and put the blame on a “small group of current and former executives”
The funds follow Prince Alwaleed’s move to make available many of his assets to support the kingdom’s efforts against the pandemic
Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”
Dettol’s commitment will come in the form of half a million hygiene and cleaning products that will be used to support frontline health workers throughout the country