Saudi Ports Authority, Saudi Global Ports sign mega BOT agreement

The agreement will create more than 4,000 job opportunities in the port and logistics sector

Kuwait’s stock exchange delays trading debut due to Covid-19

The listing, scheduled for April 19, has been postponed until further notice

PepsiCo pledges $5m towards Covid-19 relief in MENA region

In the aftermath of the Covid-19 pandemic, PepsiCo and its foundation are focused on providing financial assistance, medical equipment and meals as well as supporting local health authorities’ efforts across the region

Certain food stores allowed to operate in Dubai, outlets fined for inflating face mask prices

Meat, fruits, vegetables, roaster, mills, fish, coffee, tea trading stores can stay open from morning to night

Update: Air Arabia denies reports that it is delaying launch of low-cost carrier

The airline says preparatory work for the launch remains in motion

HSBC announces regional Covid-19 charity projects

As much as $505,000 has been allocated to projects in the UAE, which is expected to reach around 13,720 people

Emirates announces passenger flights to more cities

The airline will operate limited services to Jakarta, Manila, Taipei, Chicago, Tunis, Algeria and Kabul

India Supreme Court

Indian Supreme Court suspends repatriation of citizens, including from UAE

It has decided to defer for four weeks all petitions brought before it related to repatriation of Indians stranded in various countries abroad

Imdaad

Imdaad launches ‘disinfection tunnels’ in the UAE

The tunnels can be used in malls, hospitals, construction sites, labour accommodations and even residential areas

Dubai delays Airport Show to October this year

The Airport Show is expected to host 375 exhibiting companies and over 8,500 visitors coming in from almost 100 countries

Global market outlook in 2020: Will there be an economic rebound this year?

After a growth shock in the first half of 2020, the economy is expected to gain traction again, driven by specific sectors, says Julius Baer’s Mark Matthews

Dubai’s Emirates says tickets to be valid for 24 months

The offer extends to tickets booked before May 31 for travel on or before August 31, 2020

Image courtesy: Al Ain Club website

UAE Football Association to cut salaries of players and coaches

Contracts which are expiring will be extended beyond June and transfer deals due to be completed this summer will be delayed until the next season begins

Etihad announces new passenger flights from Abu Dhabi

The new destinations include Brussels, Dublin, London (Heathrow), Tokyo (Narita) and Zurich

NMC creditors are forming a committee for $6.6bn debt talks

The company was placed in administration last week

Oil price war ends with historic OPEC+ deal to cut output

The accord caps a tumultuous month when Brent crude plunged to its lowest in nearly two decades, falling toward $20 a barrel

Covid-19 testing UAE 4

UAE reports 387 new Covid-19 cases, DHA to begin blood plasma treatments this week

It also announced two deaths, thereby raising the total number of fatalities as a result of this coronavirus in the UAE to 22

Will e-scooters form vital part of travel post Covid-19 restrictions in the region?

Micro-mobility is emerging as an effective tool for essential short distance trips

Amazon, Meta join ranks of tech companies slashing thousands of jobs

UAE considers proposal to impose restrictions on hiring from certain countries

The options being discussed include strict future restrictions on the recruitment of workers from those countries and activating a “quota” system for them

Saudi’s Maaden to focus on preserving cash instead of shareholder payout

The company has no plans to cut capital expenditure in response to the coronavirus infection

UAE’s Ministry of Economy reduces fees for 94 services

The financial impact on the business sector as a result of fee reduction is estimated at Dhs113m in 2020

Emirates NBD approves 40% dividend

UAE’s Emirates NBD launches contactless export trade collections service

Clients can access the new digital feature from the safety of their homes or offices to submit an export collections request

Dubai’s Emirates to fly from Terminal 3 from April 12

Emirates had obtained approvals from relevant authorities to commence flying from April 6 to select destinations from Terminal 2

Emirates Islamic contributes Dhs10m to UAE’s Covid-19 relief fund

Emirates Islamic is the first Dubai-based financial institution to contribute to the fund launched by the Islamic Affairs and Charitable Activities Department

UAE reports 376 new Covid-19 cases and 4 deaths; confirms use of hydroxychloroquine

The total number of cases in the country now stands at 3,736

Saudi Aramco delays oil pricing statement as OPEC+ talks continue

Benchmark Brent has plunged by more than half since the start of the year

Covid-19 may change corporate sustainability as we know it

The coronavirus pandemic will press industries and investors to make sure corporate social responsibility is truly connected to delivering value

EdTech solutions to pave way for digital learning in the GCC

EdTech solutions could prove crucial in ensuring the success of e-learning during the Covid-19 outbreak

Dubai’s Emirates SkyCargo expands operations to transport essential items

Since the beginning of the year, Emirates SkyCargo has helped import more than 33,000 tonnes of perishable items and more than 1,700 tonnes of pharmaceuticals into the UAE

Dubai records 9.9% rise in Q1 property transactions; top 5 areas revealed

Mortgage registrations have been “consistently higher” this year, finds Property Finder report