Sunday 5 April 2020
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Industry Sectors

Construction & Real Estate
Retail & Wholesale
Energy, Oil & Gas
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Construction & Real Estate

Etihad Rail awards $230m contract for O&M facility

Etihad Rail, the developer and operator of the UAE's integrated railway network, has awarded a contract worth Dh846 million ($230 million) for construction of the central operation and maintenance (O&M) facility at Al Faya, Abu Dhabi.

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Retail & Wholesale

Union Coop distributes 24pc cash dividends for 2019

Union Coop, the largest consumer co-operative in the UAE, has distributed 24 per cent cash dividends in addition to 6 per cent return on shareholder purchases for the FY 2019. It had achieved a net profit of Dh512.8 million, up 10 per cent over 2018.

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Energy, Oil & Gas

Adnoc vows to invest responsibly, meet goals

The Abu Dhabi National Oil Company (Adnoc) is positioned to drive value for the UAE and will continue to invest responsibly to deliver on its 2030 smart growth strategy during this complex and challenging period, a senior official has said.

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Finance & Capital Market

Global cost of Covid could hit $4 trillion

Regional economic growth in developing Asia will decline sharply in 2020 due to the effects of Covid-19, even as the global cost of the pandemic could range from $2 trillion to $4.1 trillion, according to the Asian Development Outlook (ADO) 2020.

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Analysis, Interviews, Opinions

Is ICT tech keeping its promise as pandemic hits the world?

As the world faces the unprecedented Covid-19 crisis, information and communication technologies (ICT) is playing a critical role in bringing people together while social distancing is being practiced across the world, highlights an industry expert.

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Industry, Logistics & Shipping

Pure Harvest Smart Farms set for big UAE expansion

UAE-based Alliances for Global Sustainability (AGS) said it has entered into a strategic partnership with Pure Harvest Smart Farms to secure over 300,000 sq m of land in Al Ain area for the expansion of tech-enabled agribusiness units.

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Travel, Tourism & Hospitality

Dubai accommodates stranded passengers in airport hotels

Dubai Airports has been working with airlines, embassies and government authorities to provide the necessary solutions for passengers who have been stranded at Dubai International, following the suspension of majority of passenger flights last week.

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IT & Telecommunications
Motoring

Beema to offer customers one month of free car insurance

Beema Insurance, part of Enoc Group, is committed to helping people in the UAE save money during the pandemic by providing ‘one month of car insurance for free’ to anyone buying a car insurance policy online and using the code 'Together' on www.beema.ae.

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Health & Environment

Kuwait reports first Covid-19 death as cases near 500

Kuwait on Saturday recorded its first death from the coronavirus outbreak, state news agency Kuna reported, citing a health ministry spokesman. The total number of people diagnosed with the disease increased by 62 in the past 24 hours to 479 cases.

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Media & Promotion

UAE council passes 10 federal bills in Q1

The UAE's Federal National Council (FNC) discussed and passed 10 bills covering a wide range of sectors including health, economy, transport, environment, security and investment as part of its mandate to develop the country's legislative system.

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Education, HR & Training

CBSE's remaining X, XII exams in GCC cancelled over Covid-19

The Central Board of Secondary Education (CBSE) has announced that all the remaining exams for Grades 10 and 12 in the Gulf (and outside India) have been cancelled this year in view of the Covid-19 coronavirus outbreak.

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Miscellaneous

$2.4bn Saudi help for private sector staff hit by Covid impact

Saudi Arabia's King Salman has issued a royal decree ordering the allocation of SR9 billion ($2.4 billion) through employment insurance (Saned) to mitigate the effects of Covid-19, on the private sector and Saudi workers.

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