New UBS survey looks at sentiment of investors, business owners in UAE, around the world Many high-net-worth individuals (HNWIs) in the UAE continue to have a positive outlook despite mounting concerns over the spread of the deadly coronavirus. In a global survey among wealthy...

The two most significant issues causing negative cashflow problems are rental obligations and employee liability issues, say operators Restaurants in Dubai are facing huge losses due to the impact of the Covid-19 pandemic and are now requesting authorities for longer-term assistance to...

Customs transactions in Dubai reach 4 million in Q1 2020, up 60 per cent year-on-year Dubai’s external trade in the first quarter of 2020 reached Dhs323bn with exports growing 2 per cent year-on-year to Dhs43bn despite challenges posed by the Covid-19 pandemic. China remained...

The global legislative framework was launched by the UAE ministry of finance in partnership with the Islamic Development Bank The UAE has launched an initiative to create a unified global legal and legislative framework for the Islamic finance sector that will enable the Islamic...

Currently, digital wallet and credit card payments are available while direct bank debit will subsequently be added to the platform TAMM, the Abu Dhabi government services ecosystem, has launched the Abu Dhabi Pay platform to facilitate secure and standardised methods of online...

Central Bank governor says it's still too early to gauge extent of pandemic's economic fallout The coronavirus that continues to rage around the world and drags the global economy to a near standstill will test the strength of the UAE’s banking sector, but financial institutions will...

The country is steadily ramping up Covid-19 testing, with a new centre having opened up in Abu Dhabi's Musaffah The UAE Ministry of Health and Prevention on Tuesday announced 462 new cases of the Covid-19 coronavirus. The ministry also confirmed 187 cases of recovery, and nine...

Air Arabia has taken measures to protect jobs since the virus outbreak DUBAI - Air Arabia, the only listed carrier in the United Arab Emirates, has laid off 57 employees due to travel disruptions caused by the coronavirus pandemic, a spokesman said on Tuesday. The Sharjah-based...

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, chaired a video conference meeting of the Executive Council of Dubai. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and members of the Council,...

The suspension will be in place until the end of May and could be extended further Sharjah has extended the suspension of all social and sports events in the emirate until the end of May, it was announced on Monday. The order covers gatherings in wedding halls, event halls,...