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Bahrain to pay private sector salaries with $570m Covid-19 relief package

Bahrain to pay private sector salaries with $570m Covid-19 relief package The government will pay the salaries from April to June of approximately 100,000 citizens employed in the private sector
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NMC heads to administration after bowing to creditor demands

With a market value of $2.4bn and total debt of $6.6bn, NMC faces an investigation by the UK’s Financial Conduct Authority
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Saudi wealth fund builds $200m stake in Norway’s state oil company

The fund last month built an 8.2 per cent stake in cruise operator Carnival Corp. after shares slumped due to the fallout of the coronavirus pandemic
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Abu Dhabi residents do not require movement permits during sterilisation programme

The sterilisation programme takes place in residential areas of the emirate daily from 8pm-6am
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Saudi extends exit, re-entry visas of expatriates

The extension will be done automatically without the need to visit the passport headquarters
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Saudi-led Arab coalition announces two-week ceasefire in Yemen

The two-week period is subject to extension
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UAE cabinet approves new paid leave policy for select government employees

Married employees may take fully paid leave to take care of children below the age of 16
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Ajman Crown Prince postpones all business fines; announces new economic incentives

The new economic stimulus package provides relief to businesses operating across foreign trade, customs, tourism and real estate sectors
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Oman to lockdown Muscat from April 10-22

The country has until now reported 419 coronavirus infections, including two deaths
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Dubai-based construction company Arabtec appoints new group CEO

Wail Farsakh takes over the new role from Peter Pollard
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