Search Site

Trends banner

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

UK moves UAE from red list to amber, eyes boost in travel sector

  • The UK government's announcement comes as the situation in the country has improved
  • The country remains committed to opening up international travel safely, says official

The UK government announced on Thursday that the UAE will be moved from the red to the amber list, as the situation in the country has improved.

Bahrain, India and Qatar were also moved to the amber list, according to a statement issued by the UK Government.

All changes announced on Thursday will come into effect at 4 am on Sunday, 8th August 2021 (UK time).

Transport Secretary Grant Shapps said, “We are committed to opening up international travel safely, taking advantage of the gains we’ve made through our successful vaccination programme, helping connect families, friends and businesses around the world.

“While we must continue to be cautious, today’s changes reopen a range of different holiday destinations across the globe, which is good news for both the sector and travelling public,” he added.