Khalid Al Marzooqi Khalifa Industrial Zone Abu Dhabi

Khalifa Industrial Zone Abu Dhabi announces stimulus package for SMEs

Approximately 98 per cent of companies in Abu Dhabi are SMEs, contributing 29 per cent of the emirate’s GDP and 44 per cent of its non-oil economy

Emirates SkyCargo

Emirates SkyCargo operates nearly 100 daily flights to 65 cities worldwide from UAE

It is using the Emirates passenger fleet to transport cargo in the overhead bins and and on the seats, in addition to the belly of the aircraft

Dubai’s Q1 2020 external trade reaches Dhs323bn with China as largest trading partner

Customs transactions in Dubai reach 4 million in Q1 2020, up 60 per cent year-on-year

Abu Dhabi Customs launches economic stimulus package to support importers

A self-clearance service will allow companies to clear shipments themselves without resorting to customs brokers

British Business Group

British Business Group in the UAE launches new website to support companies

Nearly 65 per cent of British Business Group members say they need more clarity on the UAE government schemes available to them

Abu Dhabi mall employees to be tested for Covid-19; new guidelines for customers visiting shopping centres

The testing of the employees would be carried out in coordination with the Department of Health (DoH)

Dubai reduces instant licence fee by over 90 per cent to Dhs250

For existing licence holders, the new fee will apply at the time of renewals

Abu Dhabi’s main refinery makes China sales push after servicing

Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel

DAFZA announces incentives to support freezone companies

DAFZA will also cancel fines issued to companies

DP World

UAE’s DP World launches digital platform to move global trade online

It has also created Digital Freight Alliance, an online association that brings freight forwarders globally onto one platform

UAE’s Ministry of Climate Change and Environment expedites food import services

The move will facilitate a continued food supply in the lead to the month of Ramadan

Dubai World Trade Centre

Dubai World Trade Centre announces new measures to support businesses

A full refund will be offered to exhibitors on cancelled events and where a new schedule is not feasible for the participants

DP World manasah

DP World launches online marketplace to support artisans and small businesses during Ramadan

Sellers can register on manasah.com for free

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

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

Ajman Crown Prince postpones all business fines; announces new economic incentives

The new economic stimulus package provides relief to businesses operating across foreign trade, customs, tourism and real estate sectors

Talabat rider

Talabat now offers 24×7 grocery delivery service in Dubai

The company said that it fulfils deliveries within an hour and offers groceries at hypermarket prices

UAE port operator Gulftainer prioritises incoming shipments of medical supplies

The interim and complimentary ‘Express Service Lane’ by the UAE-based company is part of its efforts to aid in the country’s Covid-19 response

Dubai launches website to track cost of essential products, protect consumers

Consumers can raise complaints or pose queries regarding the prices of the commodities via the website itself

Bottles of Hand Sanitizers

Dubai Municipality withdraws these six hand sanitizers from the market

It warned that these products could affect the nervous system and even cause blindness in severe cases

US to meet with Russia, Saudi Arabia amid crash in oil prices

The global benchmark crude has already plunged to record lows, completing the worst quarter in history on Tuesday

TOPSHOT-SPAIN-HEALTH-VIRUS

Covid-19: The new business opportunities in the Middle East and beyond

While the Covid-19 outbreak has created pandemonium globally, some business segments from education and entertainment to telemedicine and telecommunications now have a bigger role to play than ever before

Saudi Arabia’s Bahri to donate SAR10m to the kingdom’s ministry of health

On Tuesday, Saudi reported 110 new coronavirus cases, raising the total number infections in the country to 1,563

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

Oil slumps again as collapsing demand counters stimulus efforts

Demand is down about 15 million to 20 million barrels a day and will shrink further with India’s decision to go into lockdown

Dubai clarifies directive on closure of commercial establishments

Dubai Economy has outlined businesses which are affected by this decision, the exemptions and the duration of the closure too

Dubai-based DP World reports 8.3% drop in full-year profits in 2019

Annual revenue meanwhile rose by 36 per cent in 2019 to $7.68bn from $5.6bn in 2018

jafza jebel ali free zone

Dubai’s Jebel Ali Free Zone slashes business licence fees by up to 70%

DP World, UAE Region currently contributes to over 33.4 per cent of Dubai’s GDP

arabian travel market

Dubai trade fair Arabian Travel Market postponed due to coronavirus

The travel exhibition will now be held from June 28-July 1, 2020

Saudi Arabia launches recruitment drive for Expo 2020 pavilion in Dubai

There will be a 50:50 ratio maintained in the number of males to females accepted into the programme