Dubai bolsters its cybersecurity strategy

Dubai launches second cycle of its cybersecurity strategy

The city has emerged as a global leader in cybersecurity by implementing secure digital systems and adopting advanced technical solutions

Commercial Bank of Dubai posts 41.5 jump in H1 profit

Commercial Bank of Dubai posts 41.5% jump in H1 profit

The bank reported an operating income of Dhs2.5bn in the first six months of 2023, up 41.9 per cent from Dhs1.7bn for the same period a year earlier

Yahsat to invest $100m in T4-NGS satellite programme

Abu Dhabi’s Yahsat to invest $100m in T4-NGS satellite programme

The company seeks to boost its investments in the coming years to enhance its fleet, including the potential launch of two new satellites

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

UAE announced Hijri new year holiday

Islamic New Year 2023: UAE announces holiday dates for public and private sector

The UAE government has announced the holiday dates for the Hijri New Year

UAE’s ADIB raises $750m in AT1 perpetual Sukuk.

UAE’s ADIB raises $750m in AT1 perpetual Sukuk

The issuance was met with robust demand, attracting interest from over 240 global and regional investors with the final order exceeding $7bn

cop28

COP28, Emirates Centre for Strategic Studies and Research sign MoU

The MoU is part of the COP28’s agenda as it seeks to align global climate education and amplify youth participation

Umrah season

Saudi Arabia announces start of new Umrah season for GCC citizens, residents

The kingdom’s Ministry of Hajj has launched an electronic application process to facilitate travel for the upcoming Umrah season

RENEWABLE ENERGY

EWEC meets 80% of Abu Dhabi power demand with renewable sources for first time

EWEC is accelerating the implementation of Abu Dhabi’s energy transition to reduce reliance on hydrocarbons and meet its energy demand through renewable sources

Courtyard by Marriott Jubail (Image: Supplied by Courtyard by Marriott)

Courtyard by Marriott opens in Jubail

The 165-key property is located within Saudi Arabia’s Eastern Province

Oil production to be hit after Saudi Arabia announces cuts. Image: Getty Images

Hot summer in the crude oil market as Saudi Arabia’s production cuts kick in

Across the world, where varieties of crude more closely resemble those from Saudi Arabia, prices are shooting up as refineries clamour for alternatives

UAE chases 7% growth to double economy to over $800bn

UAE sets target to achieve 40% cut in carbon emissions by 2030

Sectors such as power and water generation, heavy industry, transport, waste, buildings, and agriculture will reduce emissions as per specific sectoral targets

DIFC first in region to join forces with AIMA_DIFC

UAE’s DIFC partners with Alternative Investment Management Association

The association represents more than 2,100 corporate members with over $2.5tn hedge fund and private credit assets

Sheikh Hamdan bin Mohammed unveils Dubai Digital Clouds project

Sheikh Hamdan unveils Dubai Digital Clouds project

The initiative seeks to reinforce Dubai’s position as a digital economy capital and further strengthen its robust and reliable digital infrastructure

Sharjah’s Arada posts 186% jump in H1 2023 sales

Sharjah’s Arada posts 186% jump in H1 2023 sales

The developer sold 1,616 homes at its communities during the first half of the year

ILOE deadline

Major change in Emiratisation rules; covers smaller private companies

The cabinet resolution on Emiratisation targets will apply to private companies operating in 14 economic sectors with 20 to 49 employees

Emirates unveils on-demand charter service

UAE, GCC travellers can now book charter flights with Emirates

The service allows customers to fly to several GCC destinations both within and outside of the carrier’s network

VARA suspends BitOasis’ MVP operational license

Here’s why VARA has chastised crypto exchange BitOasis

The crypto exchange platform said it will not accept any new clients until it fully complies with VARA requirements

kuwait

Kuwait announces holiday dates for Islamic New Year

The government of Kuwait has declared a two-day holiday to mark the Hijri New Year

Element West Bay by Westin (Image: Supplied by Element by Westin)

Marriott opens Element West Bay by Westin in Doha

The hotel has 180 studio, one-, two-, three- and four-bedroom apartments

EWEC secures four bids for 1,500MW Al Ajban solar project

UAE’s EWEC secures four bids for 1,500MW Al Ajban solar park

The solar farm will generate enough electricity to power approximately 160,000 homes across the UAE

ADGM issues hotel and tourism regualtions 2023 Image courtesy ADGM

Abu Dhabi Global Market issues hotel and tourism regulations

The regulations adopt some Abu Dhabi onshore tourism legislation to provide a better regulatory framework for hotels and tourism companies in ADGM

Emirates Group launches innovation majlis Image Emirates Group

Emirates Group unveils new Innovation Majlis

The majlis will showcase the latest in robotics, hyper-reality, holograms, 3D printers and other advanced technologies

ENOC Qatarenergy sign agreement Image Dubai Media Office_Enoc

UAE’s ENOC Group, QatarEnergy ink 10-year condensate supply deal

The agreement allows the companies to further raise the condensate volumes

QNB Group’s H1 net profit jumps 8% to $2.1bn

QNB Group’s H1 2023 net profit jumps 8% to $2.1bn

The bank’s operating income jumped 14 per cent year-on-year to QAR18.5bn compared to the same period a year earlier

MIDTOWN DUBAI

Deyaar launches Jannat, its final phase of residential development in Midtown Dubai

The integrated community comprises six districts spanning 24 buildings and a massive retail boulevard

Dubai Courts established division for inheritance and wills Image Dubai Media Office

Dubai Courts sets up division to address inheritance, will execution for non-Muslims

The new department aims to enable non-Muslims to execute their wills within a framework that guarantees the application of their personal laws and the management of probate matters

energy

Saudi Arabia, France sign MoU in energy

The energy cooperation framework aims to advance production of hydrogen and electricity using renewable sources

etisalat by e& launches payment solution 'uTap'

Etisalat by e& unveils its payment solution uTap

The payment solution allows businesses to securely collect and process payments while seamlessly integrating with their existing processes

ADCB is rebranding its wholesale banking

Here’s why ADCB is rebranding its wholesale banking

The rebranded division brings in-depth knowledge and expertise across a range of markets across the Middle East