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The new Land Rover Defender 130 surfs the dunes

The beast can go from zero to 100 km/h in 6.6 seconds, and that’s just one of the things we love about it

Saudi Fund for Development signs loan agreement for hospital project Image SFD

Saudi Fund for Development signs $75m loan agreement for hospital project in Saint Lucia

This agreement is part of SFD’s efforts to support sustainable development in developing countries and small island developing states

Burjeel Holdings’ half-year profit up 47% to Dhs225m

Burjeel Holdings’ half-year profit up 47% to Dhs225m

The healthcare services provider’s H1 revenues surged by 13.9 per cent year-on-year to Dhs2.2bn, driven by an increase in patient footfall

oil

Saudi Arabia extends voluntary oil production cuts into September

It’s the second time the kingdom has extended the oil production cut, which was first announced in June after a meeting of the OPEC+ countries

Abu Dhabi International Airport - UAE megaprojects

Abu Dhabi International Airport passenger traffic rises 67% in H1 2023

The airport welcomed 10,258,653 passengers during the first half of the year

RTA picks banks for taxi and parking IPOs-image-RTA-twitter

Dubai’s RTA selects banks for taxi and parking IPOs

The government reportedly plans to sell shares in the taxi business as soon as this year, while the parking unit’s listing is slated to follow next year

India

India restricts import of laptops, tablets with immediate effect

The restriction comes on top of policies designed to discourage import of foreign electronics that have been in place for years, including lofty tariffs

UAE President Sheikh Mohamed - Jordan visit - 66ca77b8-2d18-48a4-a91b-0df49fcaa945

UAE President Sheikh Mohamed in Jordan following Bahrain visit

Sheikh Mohamed’s trip is intended to bolster long-standing ties between the UAE and Jordan

iPhone 15

Apple iPhone 15: Release date, specs, features leaked

The iPhone 15 Pro and Pro Max models are rumoured to cost $1,099 and $1,299, respectively

stocks

Saudi stocks are performing well helping EM fund managers beat peers

Saudi Arabia’s Vision 2030 programme to transform the kingdom is a key support to the Saudi stock market

Dubai maritime authority introduces new decision on transparency of local sea container chaerges Image courtesy WAM

Dubai: Transparency of local sea container charges improves with new rule

The decision outlines five important changes which will help ensure the adoption of global best practices across Dubai’s maritime ecosystem

DIFC

DIFC’s H1 results show 23% rise in companies joining financial centre

The financial centre saw a steady growth in the number of financially regulated firms establishing their base at DIFC

NEOM McLaren Electric racing team ai-designed livery

NEOM McLaren Formula E team unveil world’s first AI-designed livery

The AI-designed livery was released at the London E-Prix to mark McLaren Racing’s 60th anniversary year

OPEC projection for 2024 energy demand - oil

Oil set for best month since early 2022 as market tightens

West Texas Intermediate held above $80 a barrel after a run of five weekly gains that lifted prices to the highest since April

climate solutions

An overheating planet requires extreme climate solutions

Projecting a future of temperatures is inherently imprecise because modern humans have never experienced such extremes

Road to the future_uae boosts smart mobility

Here’s how UAE is expanding the horizons of smart mobility

Shared mobility, micromobility and autonomous vehicles are set to become mainstream in the coming years, say experts

Oil

Oil powers toward fifth weekly gain as market starts to tighten

West Texas Intermediate edged below $80 a barrel on Friday

Saudi Arabia economic outlook

Saudi Arabia’s oil production cuts to slowdown growth, says IMF outlook

The impact of a slowdown in Saudi Arabia will be felt across the Middle East and Central Asia

World Tourism Day 2023

Saudi Arabia’s PIF sets up company to boost tourism sector

The new company will invest in new tourism projects and develop attractive destinations in cities across the kingdom

saudi arabia - riyadh - traffic fine discount

Saudi’s Events Investment Fund acquires stake in Tahaluf, aims to boost events sector

Additionally, SELA, the Public Investment Fund-owned creator of experiences and iconic destinations has committed to being major stakeholders too

Amaala

Red Sea Global partners with Equinox for Amaala hotel

The hotel will comprise 128 keys, with a focus on sports, fitness, and lifestyle

Oman holiday

Oman announces changes to labour law: Highlights

The changes to Oman’s labour law have been brought about to further the country’s objectives set out in the Vision 2040 national agenda

food threats

Heat, conflicts and export bans: Global food threats are on the rise

The extreme heat engulfing swaths of Asia, Europe and North America is just the latest challenge driving fluctuations in the global commodity markets and impacting food prices

Dubai Government mulls implementation of Common Law in Free Zones Dubai Airport Free Zones Image Dubai Media Office

Dubai explores implementation of common law in free zones

This potential adoption aims to bolster the emirate’s appeal for investors and Dubai’s global competitiveness

affordable luxury

Summer tourism trends: UAE travellers embracing affordable luxury, says report

The luxury travel market is experiencing significant growth, characterised by a preference for 5-star stays, premium economy or business class flights, and exclusive private tours

UAE traffic fine

UAE government revenue at $31bn in Q1 2023

The World Bank projects the UAE’s non-oil sector is expected to achieve strong growth by the end of 2023 driven by robust domestic demand

Saudia Cargo

Saudia Cargo expands European services

The air cargo services provider has signed a strategic agreement with Jan de Rijk Co to expand its reach

Kylian Mbappe at PSG

Kylian Mbappe in Saudi Arabia? Al-Hilal offers $333m for PSG striker

The French striker has yet to make any decision on his next club, with only one year left on his contract at Paris-Saint Germain

Rixos Dubai Islands Hotel & Residences Image Nakheel Rixos

Nakheel launches Rixos Hotel & Residences on Dubai Islands

Along with the Rixos property, Dubai Islands will be home to more than 80 resorts and hotels

Saudi Arabia allots $100m for Sudan humanitarian crisis

Saudi Arabia pledges $100m for Sudan humanitarian crisis

Prince Abdulaziz bin Saud said the kingdom is actively working to lessen suffering in areas affected by crises, conflicts and disasters