#UAE

Samsung launches new Galaxy Note20 devices, UAE prices revealed

Prices start at Dhs3,549 for the non-5G Galaxy Note20

UAE’s RAKBANK reports 44.7% dip in net profit for H1 2020

The bank’s total income for H1 2020 declined by 4.5 per cent compared to H1 2019

UAE plots new stimulus measures to bolster economy

The UAE’s central bank had provided more than $70bn of stimulus by March to aid businesses

GCC Covid-19 update: UAE reports 254 cases, two deaths

The death toll in the UAE stands at 353

Abu Dhabi

Abu Dhabi ports’ non-oil foreign trade valued Dhs66.5bn for first four months of 2020

Re-exports fell 24.6 per cent year-on-year to Dhs13bn and non-oil exports by 8.5 per cent to Dhs18.3bn

Jobless recovery from virus takes shape for top 3 Arab economies

Employment continued to fall in Saudi Arabia, the UAE and Egypt despite a stronger pickup in non-oil private sector activity in July

DAFZA

Exports from Dubai’s DAFZA up 54% in Q1 2020

China accounted for the highest percentage of DAFZA’s trade, with 21 per cent valued at Dhs7.7bn

King Fahd Causeway zwischen Bahrain und Saudi Arabien

Saudi reopens land borders with the UAE, Kuwait and Bahrain

Trucks coming from the GCC will be allowed entry into the kingdom

careem now

Network International underpins Careem’s digital payments initiative

The five-year agreement will see Network International process prepaid cards on behalf of Careem in five countries

Social media

Social space: A roundup of all the GCC social media news in July

Fadi Khater, founder and managing partner of digital marketing agency Netizency, provides an overview of social media trends in the region

GCC Covid-19 update: UAE records 189 cases; 1,342 infections registered in Saudi

No new deaths were recorded for the fourth consecutive day in the UAE

Dubai attracted around Dhs12bn of FDI in H1 2020

There were 190 FDI projects announced in the emirate in H1 2020, around 50 per cent of them being greenfield initiatives

VFS Global launches Covid-19 testing service in UAE

The testing service will commence from August 3, and is being offered in partnership with UAE Ministry of Health approved testing laboratories

UAE developer Azizi Developments announces Dhs3.5bn investment

The developer will construct 45 buildings comprising over 11,000 homes across MBR City, Dubai Healthcare City and Al Furjan over the next 2-3 years

UAE’s NMC Health secures $250m funding

NMC has developed a three-year business plan with a strategy to deliver continued growth in its core UAE business

Sheikh Mohammed cabinet

UAE Cabinet holds first meeting in person since Covid-19 outbreak

The cabinet returned to work a month early amid “exceptional circumstances”, said Sheikh Mohammed

AirArabia-Abu-Dhabi

Air Arabia Abu Dhabi to add services to two more cities starting August 7

The low-cost carrier will fly to Kabul thrice a week and to Dhaka twice a week

Covid-19 UAE

UAE Covid-19 recovery rate climbs to 90%; children above two should wear masks

The UAE has completed over five million laboratory Covid-19 tests to date

GCC Covid-19 update: Kuwait reports 388 cases

The death toll in Kuwait has risen to 461

SEHA ADNEC Abu Dhabi Covid-19 Vaccine

SEHA’s new field clinic in Abu Dhabi to accept walk-in registrations for Covid-19 vaccine volunteers

Health authorities in the UAE have issued a permit for up to 15,000 volunteers to take part in the Phase III trials

UAE Covid-19

UAE records second consecutive day of no Covid-19 related fatalities

The Ministry of Health and Prevention added that 239 new Covid-19 cases were detected

Dubai DMCC Diamond Exchange

Dubai’s DMCC cuts business registration fees for diamond companies by 50%

DMCC also said that newly registered companies will be offered a free 12-month membership of the Dubai Diamond Exchange

Covid-19 coronavirus

UAE reports 254 new Covid-19 cases, 346 new recoveries

The total number of cases detected has risen to 60,760

How best should managers, directors of UAE-based firms handle their responsibilities?

Managers and directors are liable to the company, its shareholders and third parties for all acts of fraud, abuse, negligence and mismanagement

Sohan roy 003

Why regional companies should focus on improving employee efficiency

UAE businessman Sohan Roy describes how his new efficiency system has helped his Aries group tide through the crisis

UAE food and drinks maker Agthia shifts to home deliveries

The company has introduced its own e-commerce website, and sales through retailers’ online platforms are growing

UAE reports 302 new Covid-19 cases, two deaths

The total number of cases reported in the country has now reached 60,223

New space technology centre to be set up in Abu Dhabi

One of its main objectives will be to build capabilities and create a technical space hub in the UAE

GCC Covid-19 update: UAE registers 375 cases; 665 infections reported in Oman

The death toll in Oman has risen to 412

Dubai Rugby Sevens

Emirates Airline Dubai Rugby Sevens tournament for 2020 cancelled

A local tournament may be held in Dubai in December, the official announcement of which is expected on August 10