Dubai’s Limitless to hire advisers as third restructuring looms

The developer is struggling to repay its debt more than a decade after it rescheduled payments

metro disinfection

Revised timings of public transport in Dubai during sterilisation programme

All public transport journeys will commence at 7am

Oil plummets to 17-year low as coronavirus-hit markets drown in crude

Brent crude for May, which touched $23.03 a barrel, is 65 per cent lower this quarter

UAE drive-through Covid-19 testing

Sheikh Mohamed bin Zayed orders drive-through Covid-19 testing centres across the UAE

The new centres will open in Dubai, Sharjah, Ras Al Khaimah, Fujairah, Al Ain and Al Dhafra over the next 10 days

New Middle East F&B association launched in UAE to support its growth

The association will act as a centre-point to connect and promote F&B stakeholders as well as curate the agenda for the UAE’s restaurant industry

Free parking in Abu Dhabi for three weeks from March 30

The suspension of the Mawaqif parking fees would be subject to a possible revision and extension after three weeks.

social media

Social space: A roundup of all the social media news from across the GCC

Fadi Khater, founder and managing partner of digital marketing agency Netizency, provides an overview of social media trends in the region

Sharjah extends suspension of all activities until the end of April

If required, the suspension will be extended beyond the end of April too

Bahrain’s GIB hires Deutsche Bank’s Jamal Al Kishi as CEO

A number of executives have exited Deutsche Bank’s Middle East operations in recent times

Sharjah Chamber of Commerce provides online attestation services

The service can be availed through the chamber’s website or its smart application

Oman’s biggest oil and gas producer to cut staffing on virus

Petroleum Development Oman is 60 per cent owned by the government

S&P sees Dubai property prices dropping to levels seen in 2010

The Covid-19 outbreak is adding to the strain on Dubai’s real estate market, says report

Parking charges to rise across Dubai

Free parking in Dubai during national sterilisation programme – RTA

The ongoing disinfection drive takes place daily between 8pm and 6am the following day and will continue until April 5

Mobiles in the UAE will not be disconnected due to expired IDs

Individuals will not be required to visit any service centre to provide supporting documents

Covid-19: Dubai free zones offer stimulus package with rents postponed, fines cancelled

Rents will be postponed for six months while temporary contracts will be handed out

Etisalat CloudTalk Meeting

UAE telco Etisalat extends CloudTalk Meeting to now allow up to 50 participants

Etisalat already announced a three-month free trial of its online collaboration platform

Ajman Bank says it will not lay off any of its employees in 2020

The move comes despite the economic impact of the Covid-19 pandemic

Three ways Fintech is transforming everyday life

Fintech: The journey from disruptor to normaliser

Fintech has grown in momentum and usage and unsurprisingly, global trends reflect the same

How Dubai’s Danube is maintaining balanced growth

Danube Group is focusing on growing its existing businesses, says managing director Anis Sajan

Norbert Ruecker

Understanding the impact of the oil price war on the Middle East

A closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term

Etihad asks staff to take between 25-50% pay cut; expands cargo operations

Allowances including housing and education assistance will continue to be paid

Five free online activities to take up while staying at home in the UAE

Staying indoors for potentially longer periods is the best time to pursue your interests and hobbies

driving licence new

Motorists in the UAE can renew driving licences online

All driving licences will be renewed irrespective of fines, black points or eye tests

Banks to replenish ATMs with new banknotes – UAE Central Bank

Banks must also provide disposable latex gloves to its customers using the ATM machines

Abu Dhabi banks announce 17 initiatives amid Covid-19 crises

Individual customers will be able to obtain a three-month deferral on their existing personal and auto loans, mortgages and credit card payments with no penalties

Saudi delivery app raises funds as virus lockdown boosts demand

Nana raised $18m from investors including venture capital fund STV and Middle East Venture Partners

Dubai’s RTA tells residents to avoid public transport

The number of taxi passengers have been limited to two per taxi, and they must occupy only the rear seat

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum

Dubai suspends all residential and commercial property evictions

Imprisonment judgements on all rental-related cases have also been suspended

Dubai directs private sector companies to work from home

The directive is effective from March 25 until April 9

UAE launches first online shopping initiative to support SMEs

The e-commerce platform will facilitate the online sale of products offered by UAE-licensed home businesses, SMEs and large companies