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UAE

DHA to administer free flu vaccinations for children below 5, pregnant women and elderly in Dubai

For all other categories of Dubai residents, the DHA will offer these vaccinations for Dhs50

Standard Chartered cutting more than 100 UAE jobs

The bank employs about 1,700 people in the UAE

Rixos Dubai Hotel & Suites Jewel of the Creek - Image 2[2] copy

Accor expands its presence in the UAE, Saudi with new projects

The hospitality group is set to manage a new project in Dubai’s Jewel of the Creek development and open Saudi’s first Swissôtel Living property

Tabreed

UAE’s Tabreed to issue $1bn bonds

It will be issued in one or more tranches over the next 12 months

Dubai

Dubai fines 5 businesses, warns 7 for flouting Covid-19 measures

The violations were spotted in establishments located in Hor Al Anz and Naif areas

ADNOC and Group 42 launch new AI-focused company in Abu Dhabi

AIQ will develop and commercialise AI products and applications for the oil and gas industry

Dubai event

Covid-19 impact: Events companies in Dubai lose up to Dhs5.5bn worth of business

Dubai has gradually resumed live events, but precautionary measures remain in place

UAE top 10 banks see profits drop by 38.9% in H1 2020: KPMG

Non-performing loan ratio increases from 3.8% in December 2019 to 4.1% in June 2020

Philip Morris International unveils new IQOS Boutique at Dubai Mall

The UAE officially legalised the sale and use of electronic cigarettes in April 2019

GCC Covid-19 update: UAE reports 1,046 cases; 817 infections confirmed in Oman

The death toll in the UAE has risen to 436

Covid-19 tests

Free Covid-19 tests for UAE tourists in Ras Al Khaimah

The free testing initiative will be available until December 31, 2020

waitrose

Supermarket chain Waitrose to charge for plastic bags as part of sustainability initiative

All proceeds from the sale of plastic bags will be donated to Emirates Nature-WFF

robot person hand

Most UAE workers believe robots can support their mental health better than humans: study

Oracle study says 84 per cent of employees would pick AI over humans

UAE’s Al Habtoor Group completes preparations for Cairo office

The office will act as a liaison unit, and will be tasked with finding opportunities in the local market

Covid-19 impact: 83% of students have opted for remote learning in UAE

The adoption of latest technologies aided the continuity of the education process

Abu Dhabi

Abu Dhabi Investment Office signs bilateral trade agreement with Israel Export Institute

ADIO will help connect Israeli companies with strategic entities and grant them access to resources in Abu Dhabi

Abu Dhabi’s ADIA to invest $750m in Mukesh Ambani’s retail unit

Reliance Retail runs supermarkets, India’s largest consumer electronics chain, a cash-and-carry wholesaler, fast-fashion outlets and an online grocery store called JioMart

Dubai closes brokerage office; fines 8 businesses and warns 1 for flouting Covid-19 measures

The violations were spotted in businesses located in Al Muraqqabat, Naif, Ayal Nasir, and Al Thanyah First areas

uae currency dirhams

UAE Public Prosecution warns of life imprisonment for counterfeiting currency

Those found guilty will also be liable to pay a fine of not less than Dhs200,000

Dubai Health Authority

DHA opens three new Covid-19 testing facilities in Dubai

There are now five dedicated Covid-19 testing centres in Dubai

UAE first country where Covid-19 tests exceed population

Local health authorities have performed in excess of 10 million tests

Dubai

Dubai repays 10-year $750m bonds certificates

The 10-year Euro Medium Term Note Programme reached maturity on October 5

Samsung to train UAE students in AI and machine learning

Samsung Future Academy is to launch its AI course in the UAE

Air Arabia announces free global Covid-19 cover for all passengers

The cover includes medical expenses and quarantine costs and is valid for 31 days

GCC Covid-19 update: UAE reports 1,061 cases, total infections cross 100,000 mark

The death toll in the UAE has risen to 435

Arab youth

UAE once again chosen as the ‘top country to live in’ by Arab youth

Nearly half of young Arabs have considered leaving their country, due to lack of opportunities and corrupt governance, finds annual Asda’a BCW survey

Emirates Islamic Nasdaq Dubai Sukuk

Emirates Islamic lists $500m sukuk on Nasdaq Dubai

The latest listing brings the bank’s current sukuk value on the exchange to $1.5bn

Agthia Group

UAE’s Agthia Group receives offer for Al Foah Company

The offer is subject to regulatory and shareholder approvals

Dubai-based fintech Rise eases remittances with new app

Xare allows users share access to their account and credit card with friends and family

Emirates NBD

Dubai’s Emirates NBD launches new digital supply chain financing platform

The smartSCF platform will provide automated tools to optimise working capital and reduce transaction costs