VC firms raised $21bn last quarter despite pandemic chaos

In the first quarter of this year, 62 venture capital funds raised a total of $21bn in the US

How private equity can help regional economies weather the Covid-19 tide

PE can work with governments to setup bespoke investment funds to select and support well managed SMEs and mid cap businesses that are adversely impacted by the Covid-19 crisis

Dubai’s DIFC offers three-month rent waiver to retailers

From April to June 2020, retailers of all types based in Gate Avenue, Gate Village and Gate District will not be required to pay basic rent

UAE’s GEMS Education to cut school fees by up to 50% for families impacted by virus

Parents who have experienced income reductions, lost their jobs or businesses, or been placed on unpaid leave can avail the discounts

Etihad

Etihad to commence limited passenger services from May 1

The announcement is subject to the UAE government’s decision to lift passenger travel restrictions

Emirates to operate three additional flights from Dubai to Manila next week

Only citizens of the Philippines and those who meet the entry requirements of the destination will be allowed to board

The role of 5G in creating regional remote work ecosystems

With 5G increasing speeds and edge computing reducing latency, we can expect to see a transformation in service delivery and customised user experience

Apple iPhone SE

Apple’s new Dhs1,699 iPhone SE available for pre-order in the UAE from April 17

The new dual-sim phone features the powerful A13 Bionic chip

Why this new Masters’ degree in Dubai will boost your career prospects

University of Wollongong in Dubai is now offering a dual-degree programme in luxury management

Dubai Economy received almost 800 customer grievances on price hikes

Of the complaints, 71 per cent related to price hikes were received through the portal while 29 per cent came through the Dubai Consumer application

gavel

Emirati media person arrested for making ‘racist comments’ in online video

The video sought to “create divisions based on ethnicity and nationality”, officials said

G20 backs temporary debt relief for world’s poorest nations

The Institute of International Finance estimates that the world’s poorest nations have some $140bn in general government debt-service obligations due through the end of the year, including $10bn in foreign currency

Saudi reveals new measures to support the private sector due to Covid-19 impact

The kingdom has allocated an amount of SAR50bn to expedite the payment of dues to the private sector

Dubai extends closure of hotels, restaurants, events, until further notice

A disinfection programme is underway in the emirate and was expected to end on April 18

Oil touches 18-year low as virus-led demand shock outweighs output cuts

Global demand will drop by more than 9 million barrels a day in 2020, according to the IEA

coronavirus

Covid-19: UAE reports 432 new cases, 5 deaths

The total number of deaths in the UAE has now reached 33

Air Arabia announces new repatriation and cargo flights

All passengers are expected to wear gloves and face masks in order to board the flight

Emirates rapid Covid-19 testing

Emirates begins on-site rapid Covid-19 testing at Dubai airport

The results of the blood test are made available in 10 minutes

saudi arabia riyadh

GCC Update: Saudi reports 493 new Covid-19 cases, 6 additional deaths

The total number of those infected in the kingdom tallies 5,862

NMC saga: Abu Dhabi’s ADCB begins criminal legal action against several people

ADCB is owed $963m by Abu Dhabi healthcare group NMC, which has now been placed under administration

Dubai’s Danube Group says will not lay-off any staff due to Covid-19 impact

Danube said it is continuing to operate some of its construction activities

Stranded visitors to the UAE offered medicines at cost price

Visitors with no local health insurance coverage will be able to purchase medicines at Aster Pharmacy

Free commercial vehicle registrations in Abu Dhabi until the end of 2020

Registration fees that were processed after March 16 will be refunded

Dubai Mall launches virtual store on noon’s online portal

Deliveries will be fulfilled by noon.com across the UAE including next-day delivery on select orders

Dubai World Trade Centre converted into a field hospital

The director general of the Dubai Health Authority said that the emirate was setting up two field hospitals to deal with Covid-19 cases

Saudi Arabia joins Gulf dollar bond binge with new debt offering

Saudi Arabia is offering the 40-year tranche at about 5.15 per cent

dubai healthcare

Dubai rolls out e-licences for healthcare workers

Applicants do not need to visit the offices of the regulatory body to undergo trainings or receive approvals as the process is now completed entirely online

British Airways flight collides with Emirates airplane at Dubai airport

No one was injured in the incident, which took place on Tuesday morning

Dubai Land Department issues new relief measures for tenants, landlords

RERA and its partners will provide necessary life supplies free of charge to those in need in many projects and freehold areas across the emirate

MBRSC shortlists 10 candidates for UAE analog mission

The shortlisted applicants include five women. The youngest of the 10 applicants is aged 25, while the oldest is a 40-year-old male