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UAE

Abu Dhabi’s Mubadala announces $1.5m annual funding for conservation

Funding will go to Mohamed bin Zayed Species Conservation Fund to protect endangered species

Hana Al Rostamani FAB

FAB Q1 group net profit at Dhs2.5bn; initiates share transfer to acquire Bank Audi sae Egypt

The acquisition will make FAB one of Egypt’s largest foreign banks by assets with pro-forma total assets of over $8.5bn

Dubai Islamic Bank Nasdaq Dubai sukuk

Dubai Islamic Bank lists $500m sukuk on Nasdaq Dubai

DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange

Gulf News Dubai

Dubai-based Gulf News launches paywall for content starting from Dhs1 per week

There are two digital subscription plans being rolled out – Standard Access and Prime Access

Covid-19 update: UAE reports 1,931 cases, 2 deaths

The nationwide case count has risen to 502,791

HSBC facilitates first blockchain transaction for steel between UAE, India

The Contour blockchain platform enabled end-to-end digitisation of the documentation required to import flat carbon steel

Flydubai initiates seasonal flights to Batumi, Georgia

Flights will operate thrice a week from May 12 until September 1

Boeing’s Max gets fresh boost with order from leasing firm

The order for the Max 8 variant is worth about $1.8bn at list prices

Leading oil producer UAE says case for renewables never stronger

The country plans to be at the forefront of the transition to greener energy and the fight against climate change

ABu Dhabi Pfizer-BioNTech vaccine

Abu Dhabi now offering Pfizer-BioNTech vaccine; updates list of centres for free jabs

Prior appointments are necessary to avail of the Pfizer-BioNTech jabs

Several Israelis could move to the UAE to work – senior official

A quarantine-free travel corridor between the two countries will be set up very soon, says Fleur Hassan Nahoum, deputy mayor of Jerusalem

UAE Covid-19 Vaccine restrictions

UAE considering movement restrictions for unvaccinated residents

Individuals with medical conditions have been urged to consult a doctor to determine whether they are eligible for the Covid-19 vaccine

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

UAE Central Bank extends economic-support programme until mid-2022

Banks can draw on the facility to provide new loans and financing

Etihad Airways

Etihad begins IATA Travel Pass trials on flights from Abu Dhabi to North America

The pass allows users to create a ‘digital passport’ to receive Covid-19 test results and verify they are eligible to undertake their journey

UAE’s Emirates Islamic Bank posts 37% rise in Q1 net profit

The bank’s operating profit dipped 12 per cent y-o-y to Dhs319m

UAE’s G42 sets up data JV with Israel’s Rafael

Group 42 signed an agreement with Rafael to form Presight.AI and plans to establish a research and development center in Israel

Children aged 3 and above must wear face masks – UAE authorities

The official also urged parents to avoid taking their children to crowded areas, “especially playgrounds”

Abu DHabi

Abu Dhabi issues two PPP tenders to private sector

The projects include the construction of three schools and a street lighting upgrade programme

Dubai food trade

Dubai’s external food trade totalled Dhs52bn in 2020

In terms of volume, the overall trade weighed 17 million tonnes

India to Dubai Covid-19 Testing rules

Pre-departure Covid-19 testing rules changed for passengers travelling to Dubai from India

Effective April 22, the validity of the Covid-19 PCR test for passengers travelling from India to Dubai has been reduced to 48 hours from the time of collecting the sample

Third of UAE employees want to continue working remotely on a full-time basis: study

Diversity and inclusion seen as crucial in attracting employees

Covid-19 update: UAE reports 1,803 cases, 2 deaths

The nationwide case count has now risen to 498,957

Wizz Air Abu Dhabi’s inaugural flight touches down in Israel

The route between Tel Aviv and Abu Dhabi will operate thrice a week in April 2021

Covid-19 vaccine 93% effective at preventing hospitalisation – Abu Dhabi study

In case of contracting the infection after vaccination, patients have mild symptoms and do not require admission to a hospital or an ICU

Sacha Jafri Dubai The Journey of Humanity

Video: How Sacha Jafri created the $62m world’s largest canvas painting in Dubai

Here’s what it took to create one of the biggest artistic, social and philanthropic projects of its kind to date

E-commerce freezone Dubai CommerCity opens new facilities as part of first phase launch

The new facilities include office spaces as well as e-commerce logistics units and multi-client warehouses

Ajman Department of Economic Development

Ajman DED signs agreement with noon.com to support SMEs

Entrepreneurs from the emirate can market and promote their products through the Noon Mahali digital platform to increase their reach and visibility

Dubai restaurant

Dubai closes 53 food outlets in Q1 2021 due to Covid-19 infractions

The municipality conducted 13,775 inspections during the first quarter of 2021, and issued warnings to 1,133 establishments

Sharjah Islamic Bank

Sharjah Islamic Bank operating profits up 27% in Q1 2021

Net profit for the three months ended March 31, 2021, amounted to Dhs164.2m, compared to Dhs153.7m for the corresponding period last year