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India, UAE ban rice export

India bans rice exports, UAE follows suit: Possible impact on world food prices

With two of its main supply markets facing reduced production, the UAE has chosen to restrict exports and re-exports of rice for four months

HSBC form JV with fintech Tradeshift image Getty Images

HSBC announces new JV with fintech Tradeshift

The deal will see HSBC make a $35m investment into Tradeshift in two stages and also join its board

McDonald's UAE Umm Suqeim All-female Team at restaurant launch Image McDonald's UAE

McDonald’s UAE opens first outlet with all-female staff, features partial solar PV roof, EV charging ports

The latest venue features another ‘first’, as the branch has also introduced curbside ordering, allowing customers to place orders digitally from designated parking spaces

SEVEN breaks ground for Almadinah Image courtesy SEVEN

Saudi’s SEVEN breaks ground at new SAR1.3bn entertainment destination in Almadinah

SEVEN has upcoming projects across 14 cities across Riyadh, Kharj, Makkah, Jeddah, Taif, Dammam, Khobar, Al Ahsa, Almadinah, Yanbu, Abha, Jizan, Buraidah and Tabuk

RTA reveals rider figures for H1 2023 dubai metro Image RTA

Dubai: 337 million commuters used public transport in H1, reports RTA

Dubai Metro ridership on both the Red and Green Lines hit 123.4 million riders, with Burjuman and Union stations accounting for the majority of riders

DFM’s H1 2023 profit jumps 77% to Dhs112.2m

Dubai Financial Market reports Dhs112.2m half-year profit, up 77%

The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn

HONOR pad XR image Honor

UAE: Honor 90 5G, Pad X9 now available, free gifts on offer

From July 17 to October 31, Honor 90 Series users can get a range of exclusive gifts from Honor Game Center, Themes and Game Manager

Air Canada moves operations to Terminal 3 at Dubai International

The first inbound Air Canada flight landing at Terminal 3 is scheduled to arrive on July 26

DIFC Courts sets new record with AED 15 billion in claims in H1 2023 Image: DIFC Courts

DIFC Courts reports Dhs15bn in claims value in H1 2023

There was an increase in the total number of cases across all divisions, with 455 cases filed

Here's how many transactions Dubai Customs processed in H1 2023

Dubai Customs reports H1 highlights, processes 14 million transactions

Dubai Customs reported a 10 per cent surge from the 12.7 million transactions registered in the same period last year

ADNOC signs $7-9bn 14-year LNG deal with India

ADNOC Gas agrees $7-9bn 14-year LNG deal with India

The landmark LNG deal was signed during Prime Minister Narendra Modi’s official visit to the UAE last week

National Housing Company Launches Sadayem Suburb Image credit NHC

Saudi’s NHC launches integrated living project ‘Sadayem’ in Jeddah

The sale of properties in Sadayem will begin on Monday, July 24, with the first phase including villas with a starting price of SAR800,000

UAE, India trade hit Dhs1.41tn mark over 10-year period

UAE-India trade touches Dhs1.41tn over 10-year period

From 2013-2022, the trade growth rate between the two countries was 18.2 per cent, growing from Dhs159.72bn to Dhs188.8bn

OPEC

OPEC oil export revenue was highest in almost a decade last year

OPEC+ nations are engaged in production cuts to balance prices in crude markets

Aramco, PIF and China’s Baosteel steel JV

Saudi Arabia’s sovereign wealth fund PIF reports $11bn loss for 2022

The PIF is in the midst of a global investment spree after it was transformed from a domestically-focused holding company into a sovereign fund in 2016

blockchain

South Korean blockchain firm Neoply to establish global headquarters in Abu Dhabi

Its global headquarters in Abu Dhabi Global Market will be called H-Lab

Esports GCC

Beyond games: How GCC’s esports, gaming sector is on target for growth

We explore how the region is embracing esports and gaming as a significant cultural and economic force

electric car

Oil is hard to quit, even in Norway where electric cars rule the road

The International Energy Agency says the rest of the world is going the way of the electric car, bringing peak oil demand before the end of the decade

gym

Dubai gyms to be star-rated announces Dubai Sports Council

The evaluation system for gyms and fitness centres in the emirate will be denoted through star-ratings

SRC Signs a 3-year sponsorship Deal With Saudi Football Club Al Ittihad image SRC

Saudi’s PIF-owned SRC signs 3-year sponsorship deal with Saudi Football Club Al Ittihad

The sponsorship is part of SRC’s support for the development of Saudi Arabia’s thriving sports sector and key objectives of Vision 2030’s ‘Quality of Life Program’ to promote sporting activity

Qatar Airways FY 2022-23 financial Results Image Qatar Airways

Qatar Airways reports $1.21bn in net profit for FY2022-23

Passenger revenue rose by 100 per cent over last year, on a capacity increase of 31 per cent driven by 9 per cent higher yields and a load factor of 80 per cent

real estate

Dubai’s real estate market reports double-digit surge in June

The emirate’s real estate market has posted its strongest performance for the month of June in a decade

Red Sea Global Water sports

Red Sea Global, North Sails collaborate on sustainable sailing and water sports

The partnership will involve North Sails Apparel providing performance apparel for WAMA, RSG’s water sports brand, catering to the needs of their sailing and water sports staff

Régis Schultz, CEO of JD Sports (L) and Mohammad A. Baker, Deputy Chairman and CEO of GMG (R) at the signing of the franchise agreement _ image GMG

UAE’s GMG to bring JD Sports to the Middle East, signs franchise agreement

Under the terms of the 10-year agreement, GMG will open around 50 stores under the JD fascia by 2028, across the UAE, Saudi Arabia, Kuwait and Egypt

flying

Flying from Abu Dhabi Airport: Etihad Airways has tips to ensure hassle free travel

Air passenger traffic is expected to be at record highs during the summer holidays across the UAE

Wizz Air Abu Dhabi Cairo

Wizz Air adds 10th aircraft, introduces direct flights between Abu Dhabi and Cairo

The flights will operate on Wednesday and Sunday, starting November 1

dubai customs

Dubai Customs announces customs policies following trade deals

The customs authority has set up specialised customs centres and departments to ensure smooth flow of good and services

esports and gaming DEF 2022_Expo City_Image Dubai Media Office

Dubai esports and games festival 2023 to start on June 21

The second edition of the festival will feature five days of action-packed events and activities

Dubai Customs prepare for return travellers

Dubai Airports has taken these steps to help Hajj travellers

Hajj travellers have been advised to ensure the validity of all their travel documents, including passport, Emirates ID, and Hajj permit prior to arriving at the airport

UAE, Kazakhstan trade credit agencies sign an MoU

UAE, Kazakhstan export credit agencies sign agreement to boost trade

The two entities agreed to form a task force to explore more opportunities for cooperation, with a focus on seven strategic areas