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stc Kuwait reports net profit of KD15m in H1 2022

Kuwait Telecommunications Company reports net profit of KD15m in H1 2022

The telecom company’s total revenue reached KD153.8m in the first half of 2022, with a growth rate of 10.3 per cent compared to KD139.4m in 2021

Abu Dhabi Fund for Development turns 51

UAE’s ADFD turns 51; its total loans, investments and deposits stand at Dhs185.2bn

Abu Dhabi Fund for Development’s total allocation of funds for development projects across the world amount to Dhs117.42bn

ECI SAif Zone sign agreement

Etihad Credit Insurance, Hamriyah Free Zone, SAIF Zone partner to support SMEs

Etihad Credit Insurance will offer its range of flexible trade credit insurance and financial solutions, including its Sharia-compliant insurance product to startups and SMEs operating in the free zones

G2 esports

First Bahrain-based female esports gamer joins G2 Esports team

Making her Tier 1 debut at just 16, Maryam has been showcasing her skills in online video games such as Fortnite since 2017

GCC unified visa

These are the world’s most and least powerful passports in 2022

As recently as 2017, Asian countries barely featured among the world’s 10 most-accepted passports

Covid-19 cases July 27

UAE reports 1,359 new Covid cases, 1,268 recoveries

The Covid-19 nationwide case count has risen to 980,325

Dubai Chamber member exports and re-exports H12022

Dubai Chamber of Commerce: Member exports and re-exports exceed Dhs129bn in H1 2022

The chamber issued more than 357,000 certificates of origin between January and June 2022, marking a year-on-year increase of 9 per cent

Argentem CreekArgentem Creek sets up office in Abu Dhabi sets up offivce in Abu Dhabi

Argentem Creek to set up regional HQ in Abu Dhabi, partners with ADIO

The partnership, formed as part of ADIO’s Dhs2bn Innovation Programme, aims to increase investment opportunities in the region

Polestar sees 125% increase in sales in H1 2022

Swedish EV company Polestar reports 125% increase in sales in H1 2022

The next major step for Polestar will be its entry into the SUV segment with the global launch of the electric performance SUV, Polestar 3, in October

ADIB net profits hit 1.4bn dirhams in H1 2022

Abu Dhabi Islamic Bank reports net profit of Dhs1.4bn in H1 2022

The bank’s revenue for the first half of the current year improved by 7 per cent to Dhs2.8bn compared to Dhs2.6bn last year

Etihad Airways joins UAE’s In-Country Value (ICV) Programme

Etihad Airways joins In-Country Value Programme, aims to support local industries

The ICV programme is a pillar of the national industrial strategy and benefits certified companies by increasing local demand for their products and services

DXB launches new 24X& customer contact centre

Dubai Airports launches its 24×7 customer contact centre

The customer contact centre offers passengers 24×7 bilingual support as well as the most updated and consistent travel information across all channels

Oil August 1

Saudi crude exports set to rise in July on stronger China flows

Shipments for June were the lowest since September

Golden Visa holders in Dubai will be gifted Esaad privilege card

Golden Visa holders can now avail discounts through Esaad card

The card will provide discounts across several sectors, including healthcare, education, hospitality, entertainment, real estate and restaurants

covid cases July 18

UAE reports 1,386 new Covid cases, 1,382 recoveries

The Covid-19 nationwide case count has risen to 974,802

Oil

Oil declines as traders weigh mideast supply after Biden trip

Crude has slumped since mid-June as concerns about a potential recession ripped through commodity markets

How reverse logistics supports the sustainability agenda

The goal of reverse logistics is to maximise the asset value, creating a focal point to recycle products and materials

ADCB BANK

ADCB joins ‘Buna’ system to enhance regional cross-border payments

The Buna platform offers stringent levels of governance and transparency through increased oversight from central banks as well as effective reporting and compliance mechanisms

Adventure project underway in Khorfakkan, says Shurooq

New adventure project under development in Khorfakkan

The project, which features a zipline, giant swing, dry slide and hiking tracks, will target adventure sports and outdoor enthusiasts

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

The agreements were signed with the Electricity and Water Authority in Bahrain

SEHA signs agreement with Israeli HMO

SEHA and Israel’s leading HMO announce collaboration in research and digital health development

The partnership will support Abu Dhabi’s aim to create a genomic research registry to optimise clinical data, sample collection and clinical reporting

Oppo Hasselblad

Cover story: A look at OPPO and Hasselblad’s blend of classic and contemporary

OPPO has enabled cutting-edge imaging technology in its Find X5 series, thanks to its strategic collaboration with veteran camera manufacturer Hasselblad

Covid-19 UAE

Covid-19: UAE reports 1,584 new cases

The infected individuals from various nationalities are in stable condition and receiving the necessary care

Marburg

Ghana reports suspected cases of Marburg virus disease

Marburg is a highly infectious viral hemorrhagic fever in the same family as the more well-known Ebola virus disease

DEWA adds 700MW of energy production capacity, totalling 14,117 MW, with 1,627 MW from renewable energy

Dubai’s DEWA adds 700MW of energy production capacity

The clean energy share in Dubai’s energy mix has reached 11.5 per cent and is expected to reach 14 per cent by the end of 2022

cmtrading Gulf Business event

Gulf Business – CMTrading partner to showcase investment landscape

The Gulf Business – CMTrading event, held on June 16 at Pullman Downtown Dubai, gave attendees an insight into cryptocurrency, online trading and introducing businesses

Yas Island events calendar

Yas Island’s calendar of events include sports, music and family activities

The line-up features everything from global sports championships and family-friendly excitement to top-artist concerts and exhilarating adventures

DMCC reports record H1 2022

Dubai’s DMCC reports record H1 2022 performance, registers 1,469 firms

Growth driven by strong commodities trade performance, continued appetite for the DMCC Crypto Centre, and the ease of setting up and doing business at DMCC

UAE Indonesia

UAE inks economic pact to boost trade with Indonesia

The Indonesia deal is the UAE’s third major trade pact since it announced the plan to broaden its economic relationships in 2021

Abu Dhabi Blast

Abu Dhabi to host global esports tournament Blast Premier World Final

The Blast Premier World Final will be held in the Etihad Arena on Yas Island from December 14-18, 2022