UAE Central Bank Expects Recovery of Economic Activity in H2 2020
The Central Bank of the UAE, CBUAE, has projected the recovery of economic activity to commence in the second half of the year.
The first...
Dubai’s Monthly House Price Index Increases 1.36%: DLD
The Dubai Land Department, DLD, announced on Monday that the emirate's official monthly house price index saw a rise of 1.36 percent as the...
ATM Virtual Panel Advises Hoteliers Not to Drop Room Rates
Hotels must not drop rates to increase occupancy, instead they should adapt to ‘new normal’ - embracing innovative technologies and being creative with...
Resurgence of COVID-19 Could Cause Global Economic Depression
According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19. Our base...
Emirates Offers Flights to 29 Cities; Resumes Transits Through Dubai
More flights for passengers will be available from 15th June between Dubai and 16 cities: Bahrain, Manchester, Zurich, Vienna, Amsterdam, Copenhagen, Dublin, New York...
Emaar Tells Retailers: “Now Is The Time To Be Bold”
Emaar Chairman Mohamed Alabbar tells retailers to “be bold” as the UAE gradually comes out of the COVID-19 crisis.
In a special virtual conference call...
The State Of World Press Freedom
The 2020 World Press Freedom Index, compiled by Reporters Without Borders, was released this week. It states that the next 10 years are going to...
ATM Virtual to focus on potential Chinese Outbound Travel Market
One of the most eagerly awaited sessions during the Arabian Travel Market (ATM) three-day ATM Virtual event that takes place from 1-3 June 2020,...
Emirates Resumes Operations with Industry-leading Safety Standard
Emirates has unveiled multi-faceted measures for employee and customer care at every step of the travel journey, redefining safety and hygiene standards on board...
ACI and IATA Outline Roadmap for Aviation Industry Restart
Airports Council International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports...
Dubai SME Allocates AED 20 Million to Guarantee Capital for SMEs
Dubai-Based SMEs owned or managed by an Emirati can benefit from scheme
Three-month payment holiday for SMEs to help during Covid-19
Eligible...
Dubai Land Department Introduces Remote Property Transaction System
Dubai Land Department, DLD, has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions...
Union Coop Launched ‘Drive Thru’ Shopping Service
Union Coop, the largest Consumer Cooperative in the UAE launched a new ‘drive-thru’ shopping service that allows consumers to shop from their vehicle, at...
COVID-19 Risks Outlook: Challenges and Opportunities
Economic distress and social discontent will rise over the next 18 months unless world leaders, businesses and policy-makers work together to manage the fallout...
DME Oman Crude Up Over 100% Since Historic Production Cuts
Oman crude oil Benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other...
Staycations, Domestic Travel to Lead GCC Tourism Recovery from COVID-19
Local tourism and domestic travel are expected to lead the UAE and wider GCC’s recovery from COVID-19 as we begin to see the easing...
New Interactive Platform to Help Businesses Address Covid-19 Impact
The Ministry of Economy (MOE) has launched a dedicated platform to help the business environment address the effects of the COVID-19 virus, which is...
Reduced Demand For Global Oil Supply May Be Permanent
Robert Minter, Investment Strategist at Aberdeen Standard Investments, explains the impact of the pandemic on the O&G sector worldwide and offers some predictions for...