UAE grants flexible working hours to mothers of children attending nurseries

The benefit will be available to all public sector female employees across the country

NMC Health hires Moelis for debt restructuring – reuters

Standard Chartered, First Abu Dhabi Bank and HSBC Holdings are among the banks that provided debt to the company

Coronavirus update: Bahrain confirms 47 cases, 1977 people tested

All patients that tested positive in Bahrain have been transferred to an isolation centre for quarantine and treatment purposes

Dubai Lynx postponed amidst coronavirus concerns

The event has been rescheduled from March to September

European Commission greenlights Saudi Aramco-SABIC deal

Saudi Aramco seeks to acquire a 70 per cent stake in SABIC for $69.1bn

The coronavirus spread is revealing vulnerabilities and excessive risk in the global economy

The good time in capital markets must come to an end at some point, says Saxo Bank CEO

Saudi Arabia’s Islamic Development bank lists $2bn sukuk on Nasdaq Dubai

The sukuk makes IsDB the leading sukuk issuer by total value on Nasdaq Dubai

UAE banks instructed to reschedule loans, defer monthly loan payments

The UAE has, so far, reported 21 cases of coronavirus of whom five have fully recovered

Dubai’s Emirates offers leave to staff as virus saps demand for travel

Emirates halted most flights to China and suspended operations to Iran

Dubai’s DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform

The platform will make it easier for new companies to do business in the UAE, removing existing paper-based KYC processes

New energy drink made in Dubai aims to compete with Red Bull, go global

Dubai Energy Drink, set to launch across the UAE, includes a sugar-free version which is made with stevia

Dubai’s non-oil foreign trade rises 6 per cent to Dhs1.37 trillion in 2019

China was Dubai’s largest trading partner, followed by India, US, Switzerland and Saudi Arabia

Saudi suspends entry of GCC citizens to Makkah and Madinah over coronavirus fears

GCC citizens who have been in the kingdom for 14 consecutive days and have not shown symptoms of coronavirus are exempt from the ban

Abu Dhabi wealth fund weighs deal in Shetty’s troubled NMC

Mubadala is keen to expand into health care as part of Abu Dhabi’s efforts to diversify its economy

Coronavirus update: Number of cases in the UAE total 21, nurseries to be closed from March 1

All internal and external school activities and trips have been cancelled

Airlines send in world’s strongest disinfectants to fight the coronavirus

As the Covid-19 continues to spread, airlines have stepped up normal cleaning procedures to limit the risk of contamination

Olympics have a $900m reserve fund for canceled games

The fund, established in 2001 with a $105m budget, grew to $422m by 2008

UAE temporarily bans use of ID cards for airport immigration clearance

The UAE has also suspended ferry services with Iran until further notice

Emirates says travellers from over 20 countries will not be allowed to fly to Saudi

All those with Umrah visas will also not be permitted to travel to the kingdom

NMC Healthcare

Clermont Group increases share stake in UAE’s NMC Health

Clermont now owns 6.64 million NMC Health shares, or 3.18 per cent of the company

ethiopia

Abu Dhabi’s Khalifa Fund signs $100m agreement with Ethiopia

The loan is expected to finance about 37,000 projects over the next four years and create over 200,000 jobs in the African country

UAE cuts petrol prices for March as crude oil prices drop on coronavirus fears

Oil has fallen more than 20 per cent this year

Kuwait’s coronavirus cases surge 65%

Schools and universities across the country have been suspended for two weeks beginning March 1 on virus fears

Boeing dangles funds for Max simulator time ahead of return

Boeing has repeatedly missed targets for re-certifying the Max, grounded since March after two fatal crashes

amadea imperial

Dubai International Boat Show to showcase its biggest yacht ever

The superyacht will feature a helicopter deck, swimming pool and two bespoke guest tenders too

Dubai’s RTA, UK-based BeemCar partner to develop skypods

The Dubai Self-Driving Transport Strategy aims at diverting 25 per cent of total mobility journeys in the emirate to autonomous transit means by 2030

UAE national banks invested Dhs10.4bn in January

Emirati banks received approximately 89.8 per cent of the total investments

Saudi’s KBW Ventures invests in US cell-based seafood startup BlueNalu

BlueNau is the fourth cellular agriculture startup that KBW Ventures has invested in

Aramco starts early preparations for an overseas listing

The oil giant is in discussions with Wall Street banks to draw up scenarios for a second listing overseas

finablr bayanpay

Finablr’s BayanPay secures Saudi Arabia licence

Vision 2030 aims to increase non-cash payments to 70 per cent of all payments by 2030