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 Press Dossier   By Date  09/09/2020
UAE, Israel to sign peace treaty on September 15
The UAE and Israel will sign their historic peace deal known as the Abraham Accord in Washington D.C., on September 15, a senior White House official said on Tuesday.
Jebel Ali Port welcomes container ship HMM GDANSK on maiden visit
DP World's flagship Jebel Ali Port has welcomed HMM GDANSK, one of the world's largest container vessels, which is now on the return leg of her maiden international voyage between the Far East and Europe.
Dubai Chamber, Canada discuss post-Covid economic recovery
The Dubai Chamber of Commerce and Industry and the consulate general of Canada in Dubai recently held a video conference meeting to discuss opportunities in areas such as digitalisation, logistics, e-commerce, life sciences and sustainable technologies.
Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
Bahrain’s Bank ABC said on Tuesday it was in preliminary talks to buy Blom Bank’s Egyptian subsidiary, pitting it against Dubai’s Emirates NBD, which is also a potential bidder.
Tenants can’t be evicted during lockdown
A decree was issued amending some provisions of law number 35/1978 pertaining real estate rent, adding a new clause to section 1 of article 20, stating that: “Tenants will not be evicted in any case if they fail to pay the rent during a lockdown declared by the Cabinet of all public facilities.
KD 945m spending cut from budget as funds exhausted
Kuwait has cut nearly a billion dinars in expenditure from its budget for the 2020/2021 fiscal year, the head of the National Assembly budgets committee said yesterday, adding workers’ rights, benefits and subsidies would not be affected.
Oman launches second economic stimulus package
The Central Bank of Oman (CBO) has unveiled a number of policy measures — the second since March this year — designed to strengthen the ability of banks and Finance and Leasing Companies (FLCs) to support the country’s economic revival, local media reported.
Expired residency visas of expats abroad renewed for one month
The Directorate General of Passports has automatically extended the validity of residency permits of expatriates who are outside the Kingdom. The extension is for one month and without any fee, in line with the directives of authorities.
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