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Monday, 6 April 2020

Emaar's Mohamed Alabbar takes 100% pay cut as crisis bites

Emaar chairman tells employees 'this too shall pass' as he announces new salary structure
NMC crisis widens as UAE banks reveal $2bn-plus exposure
Most of NMC's senior management has resigned since it revealed more than $4bn of undisclosed debt
Kuwait considers lockdown in expat areas as Covid-19 cases increase to 556
GCC confirmed coronavirus cases rise to 7,359

Emaar sells 80% stake in district cooling business for $675m

Tabreed takes majority share of Downtown Dubai district cooling business
Private sector workers can return home under UAE's 'Early Leave' initiative
Employees must submit annual leave dates or agree with employers on unpaid leave
UK flights repatriate 80 Emirati citizens
Two flights are among 43 organised to bring back 1,783 Emiratis from all over the world

UAE supports Saudi call for emergency OPEC+ meeting

OPEC+ meeting has been delayed to April 9 as Riyadh and Moscow trade barbs about who's to blame...
UK pound falls after Johnson admitted to hospital over coronavirus symptoms
In a rare televised address to the nation, Queen Elizabeth II urged the public to stay resolute
Oil prices fall as doubts grow over output cut deal
Oil prices have tumbled to levels not seen for years due to the coronavirus pandemic and a price...

Saudi Arabia reports 223 new coronavirus cases, 34 deaths in total

Total number of cases in the kingdom has reached 2,402
Lebanon repatriates nationals in rare flights despite virus
Flights arrived at Beirut international airport on Sunday from Riyadh, Abu Dhabi, as more than 20...
Coronavirus: Sheikh Mohammed waives residency fines for remainder of 2020
Ruler of Dubai has also called on factories in the emirate to support health sector
Photos

In pictures: Saudi Arabia's Covid-19 coronavirus pandemic disinfection drive

Precautionary measures to limit the spread of the coronavirus outbreak Covid-19 and to continue...
Videos

Video: Lonely? The best games to make friends online

Times are tough when you can't hang out with your mates - fortunately, we have video games. For...
Video: How bad will the coronavirus pandemic be for the economy?
The coronavirus pandemic has killed thousands of people, crashed stock markets around the world,...
Video: Helpful tips on how to work from home
CNN Business shares some tips to help you work effectively when you're remote.
Editor's Choice

Abu Dhabi waives charges on London's 4,000-bed hospital site

State-owned exhibitions company to cover fixed costs of ExCeL transformation
Covid-19: Permit needed for all 'essential purposes' travel in Dubai
Dubai on Friday night announced that it is extending its lockdown and National Sterilisation...
Covid-19: UAE's Ministry of Health reveals 294 new coronavirus cases
UAE ministry said 19 more people have recovered from the coronavirus in the past 24 hours
Opinion

How Saudi Arabia can save the global oil industry

The kingdom, led by Crown Prince Mohammed bin Salman, is making painfully clear that the...
For editorial queries, please contact
Neil Halligan
Editor, ArabianBusiness.com
neil.halligan@itp.com
Shane Mc Ginley
Editorial Director, Arabian Business
Shane.McGinley@itp.com
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Group Commercial Director, Arabian Business, CEO Middle East, Esquire, Rake and Revolution
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