#UAE

First Abu Dhabi Bank

FAB reports 19.3% dip in net profit for Q3 2020

Third quarter net profit rose 4 per cent sequentially

Aldar eclipses Emaar as top UAE developer on $8bn deal

The company expects more government projects to come its way

Abu Dhabi Flu vaccination

Free flu vaccines for all Abu Dhabi residents

They can also opt to receive the flu vaccines at home for a flat fee of Dhs500 per household

CEO ATKINZ GROUP - Mojtaba Shekofteh

Gold and pearl toothpaste: Here’s how Atkinz Group is entering the UAE market

Retail group Atkinz is seeking grow its regional presence by creating unique luxury products reveals Mojtaba Shekofteh, the group’s founder and CEO

GCC Covid-19 update: UAE reports 1,111 cases; 422 infections confirmed in Oman

The death toll in the UAE has risen to 480

Mohammed bin Rashid Al Maktoum Solar Park

Ducab HV secures cabling contract for MBR Solar Park in Dubai

The Phase 5 Project of the MBR Solar Park requires the use of approximately 275km of cable

Gym

Covid-19: Fitness centre in Dubai shut down due to repeated violations

Inspection teams from the Dubai Sports Council and Dubai Economy, alongside Dubai Municipality, carried out checks at facilities across the emirate

Aldar, ADQ sign agreement on Dhs30bn of Abu Dhabi projects

Aldar will also have management oversight of Musanada projects ranging from education, healthcare, infrastructure, social services and facilities management

UAE holiday

UAE confirms private sector holiday to mark Prophet Mohammad’s birthday

Private sector employees will have a three-day weekend, and will resume work on Sunday, November 1

Covid-19 update: UAE reports 1,359 cases, two deaths

The death toll in the UAE has risen to 477

Ibrahim Al Abed

Obituary: Ibrahim Al Abed, an inspirational journalist

Al Abed, founder of the Emirates News Agency WAM, passed away on October 20

Emirates Dubai International Airport DXB

Emirates launches ‘biometric path’ for contactless experience at Dubai airport

The biometric touchpoints are currently installed at Terminal 3 within DXB

Dubai Silicon Oasis Authority signs agreement with International Free Zone Authority

According to the agreement, new and existing IFZA companies can work from the integrated free zone technology park

Etisalat

UAE’s Etisalat recognised as world’s fastest mobile network

Previously, Etisalat won the Speedtest Awards for fastest mobile network worldwide in Q1-Q2 and Q2-Q3 2020

UAE revamps oversight bodies to boost economy’s competitiveness

Responsibilities of the Securities and Commodities Authority will be limited to regulating and overseeing local financial markets

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Dubai

Sheikh Hamdan unveils new Dhs500m stimulus package for Dubai

The overall value of economic support provided by the emirate in 2020 has risen to Dhs6.8bn

Covid-19 testing UAE 8

UAE announces 1,563 new Covid-19 cases

The total death toll in the country has reached 475

Careem Dubai

Careem reduces fares in Dubai by up to 50%

The minimum fare on the Careem Max rides has been reduced by half

Covid-19 update: UAE records highest daily spike in infections with 1,578 new cases

The second highest daily rise was reported on October 17 and 21

Think week pic

Think Week: What is it and will UAE professionals benefit from it?

Mark Dickinson investigates the concept of a Think Week and shares his findings

JLT Dubai

Bull&Roo to open new 3-level F&B concept in Dubai’s JLT

The new retail and F&B concept will open in Jumeirah Lakes Towers Central Park by Q2 2021

UAE telco Etisalat reports 6% rise in net profit for Q3 2020

Etisalat’s consolidated revenue for Q3 2020 amounted to Dhs13bn

Tabreed

UAE’s Tabreed issues new $500m 7-year bond

The bond has been rated Baa3 by Moody’s and BBB by Fitch

UAE Bankruptcy law

UAE amends bankruptcy law to include pandemics

Debtors can request a grace period or negotiate a debt settlement with creditors for a duration of up to 12 months

GCC Covid-19 update: UAE registers 1,538 cases; 451 infections confirmed in Oman

The death toll in the UAE has risen to 472

British Business Group

Lessons learnt: How Covid-19 has impacted the British business ecosystem in the UAE

Gulf Business speaks to John Martin St. Valery, chairman of the British Business Group for Dubai and the Northern Emirates, on coping with the crisis, impact of Brexit and plans ahead

Mohammed bin Rashid Aerospace Hub Dubai South

Private jet movement at VIP Terminal in Dubai South up 93% y-on-y in Q3 2020

Aviation represents over 25 per cent of Dubai’s GDP

Home tutoring

Fines of up to Dhs30,000 for home tutoring, private lessons in the UAE

Those responsible for the involved venues will be fined Dhs20,000

UAE Israel

UAE delegation led by Obaid Humaid Al Tayer signs landmark agreements with Israel

The UAE, US and Israel also established a $3bn Abraham Fund to help stimulate private sector-led investments across the region