BUSINESS | UAE, Israeli Companies Sign ‘Strategic Commercial Agreement’ On Coronavirus R&D

DUBAI – The Emirati APEX National Investment company signed a ‘strategic commercial agreement’ with Israel’s Tera Group to cooperate on research and development related to COVID-19, including a testing device, the UAE’s state news agency WAM said late on Saturday. The deal ‘is considered the first business to integrate trade, economy and effective partnerships between … Continue reading BUSINESS | UAE, Israeli Companies Sign ‘Strategic Commercial Agreement’ On Coronavirus R&D

BUSINESS | Abu Dhabi’s Tawazun To Build Satellite Centre With Airbus

ABU DHABI – Abu Dhabi defense and security entity Tawazun is to build a satellite assembly, integration and testing centre with Airbus in the United Arabi Emirates’ oasis city of Al Ain, state news agency WAM reported on Wednesday. The centre also intends to manufacture components for small to medium – sized communication, navigation and … Continue reading BUSINESS | Abu Dhabi’s Tawazun To Build Satellite Centre With Airbus

NEWS | Saudi Crown Prince Receives Phone Call From Crown Prince Of Abu Dhabi

Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, received a phone call from Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, congratulating him on the blessed Eid Al-Adha and the recovery of the Custodian … Continue reading NEWS | Saudi Crown Prince Receives Phone Call From Crown Prince Of Abu Dhabi

BUSINESS NEWS | Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies

ABU DHABI – Abu Dhabi Fund For Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said on Sunday. The fund provides financial assistance to companies in the United Arab Emirates and to developing countries, which has included Pakistan, Egypt, Sudan and Ethiopia. Debt service repayments would … Continue reading BUSINESS NEWS | Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies

TRAVEL ALERT | UAE Says Residents, Citizens Cannot Travel Abroad For Tourism Yet

DUBAI – United Arab Emirates authorities on Wednesday said residents and citizens were not yet allowed to travel abroad for tourism and leisure purposes and all travel abroad needed a permit, as part of restrictions aimed at stemming the spread of the new coronavirus. A spokesman for the National Emergency Crisis and Disaster Management Authority … Continue reading TRAVEL ALERT | UAE Says Residents, Citizens Cannot Travel Abroad For Tourism Yet

ABU DHABI | Sheikha Fatima Orders Launch Of Virtual Market For Productive Families

ABU DHABI – Sheika Fatima bint Mubarak, Chairwoman of the Genera’ Women’s Union, GWO, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, FED, instructed the establishment of a virtual market for productive families, in light of her belief in the importance of adopting innovative solutions to … Continue reading ABU DHABI | Sheikha Fatima Orders Launch Of Virtual Market For Productive Families

CORONAVIRUS | Abu Dhabi Permits People With Negative COVID-19 Test To Enter The Emirates

ABU DHABI – Abu Dhabi will allow people to enter the emirate if they have tested negative for COVID-19 infection within the previous 48 hours, the local government media office said on Monday. Abu Dhabi, the largest and wealthiest member of the United Arab Emirates federation, had has a ban on people entering since June … Continue reading CORONAVIRUS | Abu Dhabi Permits People With Negative COVID-19 Test To Enter The Emirates

BUSINESS | Saudi, UAE Central Banks Roll Out $40 Billion Stimulus For Virus – Hit Economies

RIYADH – The central banks of the Saudi Arabia and United Arab Emirates (UAE), the two largest Arab economies, on Saturday announced stimulus plan worth a combined $40 billion to ease the impact of the coronavirus outbreak in their respective countries. The UAE regulator plans to support banks and businesses in the country, where the … Continue reading BUSINESS | Saudi, UAE Central Banks Roll Out $40 Billion Stimulus For Virus – Hit Economies