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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

UAE extends ban on flights from India, 13 other countries

    A notice to airmen (NOTAM) issued by the UAE civil aviation authority informed the airlines of suspension of flight services to and from 14 countries including India till July 21 in view of the Covid second wave.

    In India, the expats have been affected badly following the suspension of regular flights between the UAE and India since late April, media reports in the country said.

    “Though one-way cargo flights to the UAE are allowed to bring passengers to India on return trips under the bilateral air bubble pact, the Non-Resident Indians are reluctant to book tickets during the forthcoming festival season anticipating the third wave of Covid,” a report in The New Indian Express said.

    The UAE has been trying hard to keep the Covid cases under control and it fears that allowing flights from the worst-hit countries will torpedo the prospects of its economic recovery.