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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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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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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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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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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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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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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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Mobile robotics market to surge to $23bn by 2021
The Coronavirus outbreak has highlighted use cases for mobile robotics to successfully disinfect, monitor, surveille, and handle and deliver materials.
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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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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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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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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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$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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