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UAE

Industry outlook: How has the wealth management space fared in the GCC?

Similar to wealth, wealth management has gone through layers of evolution to become a specialised investment advisory service

Dubai’s Burj Khalifa to have fireworks, light and laser show to welcome NYE 2021

Several Covid-19 preventative measures will be in place for visitors, Emaar has stressed

Tony Douglas, Etihad Aviation Group GCEO and Gonen Usishkin, EL AL Airlines CEO sign MOU agreement LR

Abu Dhabi’s Etihad and El Al Israel sign MoU to cooperate on codeshare and loyalty programme

The teams at Etihad Guest and El Al Matmid loyalty programmes will explore reciprocal “earn and burn” opportunities for its members

Battista Anniversario

German firm Automobili Pininfarina unveils world’s first globally connected hypercar

Owners will be able to access online services in over 50 countries, including the Gulf region

Government employees in Abu Dhabi to receive full housing allowance

Citizens and residents living in Abu Dhabi are entitled to full housing allowance and rent stipend in line with their job grade

Developer Arada begins handovers at Sharjah’s Nasma Residences

The first five phases of the community are fully sold out

UAE’s Fruitful Day raises over Dhs3m to fund expansion

The company will use the funds for horizontal and vertical expansion

Umm Al Quwain

Umm Al Quwain tourism department launches offers for frontline heroes

These offers will be available to frontline workers for a period of six months starting November 17, 2020

Abu Dhabi Israel

Abu Dhabi Global Market signs fintech agreement with Israel Securities Authority

The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent

Ecommerce

Retail traffic and sales in UAE set to soar during Black Friday: Criteo study

Survey says 37% of UAE shoppers are more comfortable shopping in-store now

LEXUS

Lexus UAE partners with Facebook for new online showroom experience

Customers can extensively browse through the Lexus range on their Facebook mobile app

Dubai-based tech incubator AstroLabs expands into tech recruiting

AstroLabs Talent to offer 4,000-strong Academy alumni recruiting support

Dubai’s Emirates ramps up A380 flights; adds services to UK and Russia

Emirates is expanding its services to the UK following the establishment of UK-UAE air corridor

Dubai’s Emirates reveals special fares ahead of National Day holidays

The offer is valid for bookings, starting November 18 till November 29, 2020, for travel until May 31, 2021

Sheikh Mohamed bin Zayed 2

Sheikh Mohamed bin Zayed invites Israeli President for UAE visit

President Reuven Rivlin has also extended an invitation to Sheikh Mohamed to visit Israel

Vincent Reffet

French stuntman dies in Dubai in training accident

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, took to Instagram to condole the stuntman’s death

Oman

UAE-Oman bilateral trade reached Dhs48bn in 2019

Oman is the UAE’s second largest trading partner in the Gulf

LG wearable air purifier now available in the UAE

LG PuriCare Wearable Air Purifier employs HEPA filters and sensor-controlled fans

Dubai’s Coca-Cola Arena to welcome back fans with live event on November 20

Coca-Cola Arena’s next live event will be the OJ Lifestyle presents Dark Knights Edition 1.0, taking place on November 20

Real Estate

Revealed: The most transparent real estate markets in the MENA region

Dubai and Abu Dhabi have been ranked as having the most transparent property markets in the region according to JLL’s latest index

UAE extends waiver for residency law violators till end of the year

The exemption covers all financial fines related to the Emirates Identity cards, work permits, as well as the waiver of all administrative restrictions, upon leaving the country

Abu-Dhabi-pic

UAE President issues law to establish new university for humanities

The university will offer graduate, post-graduate and doctoral degree programmes in social studies, humanities and philosophy

Etihad A380

Etihad grounds entire A380 fleet; will commence Abu Dhabi-Tel Aviv daily flights from March 2021

The airline will launch a daily flight connecting Abu Dhabi to Tel Aviv from March 28, 2021

Central Bank of the UAE

UAE Central Bank extends Targeted Economic Support Scheme until June 2021

The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies

Cityscape’s Real Estate Summit opens in Dubai

This year’s edition of Cityscape was co-created with regional real estate industry stakeholders

GCC Covid-19 update: UAE reports 1,209 cases, 4 deaths

The death toll in the UAE and Oman has risen to 534 and 1,350 respectively

dubai-police-maserati

Dubai Police deny reports of detaining two Israelis

Media reports claimed that they were taken into police custody for photographing a government building

UAE astronaut programme shortlists 61 candidates for second edition

The candidates have been shortlisted from 4,305 applicants

Emirates Loto

Emirates Loto with Dhs50m jackpot returns in the UAE; rebranded as Mahzooz

The inaugural Mahzooz draw will take place on November 21 at 9pm UAE time

Dubai Aerospace plans to expand portfolio to 450 jets in 2021

The company currently has 381 planes