Investors are struggling to gauge whether the virus will turn into a global pandemic
The Gulf nation is well-equipped with quarantine and surveillance facilities to manage the outbreak
The number of enforcement cases also rose 35 per cent to 251 with a total claim amount of Dhs2.6bn
Falling reserves and inflows have led to a shortage of foreign exchange in Lebanon, disrupting the financial system
Dubai will be the first city in the Middle East to use open data in public transport
It raises Dar Al-Arkan’s total sukuk value listed on Nasdaq Dubai to $2bn
The authority added that it was now considering setting up an organ transplant centre in the emirate
Saudi Arabia accounted for 54 per cent of the UAE’s total banking investment
The total number of exhibitors was up nearly 40 per cent compared to the previous year
The number of coronavirus cases in Kuwait tallies 12, while Oman confirmed four as infected in the sultanate
Popular buildings in the off-plan segment were mainly in the luxury market, finds report
The five-year sukuk was oversubscribed 2.5 times with a total book size exceeding $750m
New order intake from Oman, Algeria and the Netherlands amounted to $2.1bn
The first of the new clubs is expected to open in April at Marina Gate, Dubai, and will be the brand’s 33rd destination in the UAE
Enness’ DIFC office was fined for carrying out activities outside the scope of its licence
The Organization of Petroleum Exporting Countries and its allies are to meet next week in Vienna to assess their global cuts and output policy
Further investments of $4.3bn are expected into MENA’s desalination projects by 2022
The two women, who tested positive for the disease, had travelled from Iran
The total number of coronavirus cases in Kuwait tally five while Bahrain has registered eight cases of the Covid-19 virus
By the end of 2020, the plant will have a total cooling capacity of 49,000 refrigeration tonnes
The Gulf nation plans to lower its debt and review state companies
The kingdom aims is to draw 100 million visits a year by 2030
Its global multifamily property portfolio is currently valued at approximately $2.3bn
Remittances are down 2.4per cent year-on-year
Egypt’s second-largest state-owned lender will use the debt to finance small-and-medium-size enterprises, among other purposes
The launch will enable Chinese tourists to transact seamlessly with Network International’s merchant network in the UAE via their WeChat mobile wallet
Saudi British Bank, which is 29 per cent owned by HSBC, completed the acquisition of Alawwal Bank last year to create the kingdom’s third-largest lender
Bahrain reported a citizen who had arrived from Iran as its first case of the coronavirus infection while Kuwait reported three confirmed cases of the virus
The UAE economy grew 4 per cent in the second quarter of 2019 while the fourth quarter posted the lowest growth figure of 1.3 per cent
Spring holidays for government and private schools that follow the ministry’s curriculum across the UAE will begin on March 29 and end on April 11