revibe startup

Dubai-based circular economy startup Revibe secures $2.3m funding

The funding round for the startup was led by Resonance and Flat6Labs

Avani+ Palm View Dubai Hotel and Suites (Image: Supplied by Avani Hotels and Resorts)

Minor’s Avani Palm View Dubai property rebrands

The 48-storey hotel has become the first Avani+ property in the region

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

Voluntary oil supply cuts enough to balance the market: UAE

The UAE will not be undertaking oil supply production cuts even as Saudi Arabia looks to balance the markets

Dubai Municipality allocates 3,200 land plots to citizens

Dubai Municipality allocates 3,200 land plots to citizens in the emirate

The allocation of the land plots is implemented as per Dubai’s Higher Committee for Development and Citizens Affairs comprehensive citizen housing plans

Dubai Police Smart Police Stations achieves record in H1 2023 Image Dubai Police_Facebook

Dubai’s Smart Police Stations set new record in H1 2023

A total of 65,942 transactions were processed without any human intervention at the smart police stations during the period

Saudi oil production cuts

Saudi oil cuts could trigger slowdown in economy

The economy will fall by 0.1 per cent this year if the government raises production in September and by 1 per cent if it holds the course for the rest of 2023

RTA S'hail app image credit RTA

Dubai: RTA digital channels bring in Dhs3.5bn in 2022

In 2022, RTA recorded 814 million digital transactions up from 676 million in 2021

Emirates NBD to use generative AI across operations Image credit WAM

Emirates NBD to use generative AI to transform operations

The bank aims to boost software development, collaboration and customer engagement using tools such as GitHub Copilot X, ChatGPT and MS 365 Copilot

Emiratisation_9,000 Emiratis working in private sector

Emiratisation: 79,000 Emiratis working in private sector, says MoHRE

The figures reflect the highest-ever rate of Emiratisation recorded in the UAE private sector

oman

Oman announces holiday dates for Islamic New Year

The official holiday will apply to those working in both the public and private sectors in Oman

Dubai to expand ev charging infrastructure Image Dubai Media Office

Dubai’s plan to increase EV charging stations gains momentum

With the emirate’s focus on green mobility, DEWA aims to grow the city’s network of public EV charging stations by 170 per cent in less than three years.

UAE citizens can enjoy visa-free travel to Azerbaijan Image credit Ayhan Altun_GettyImages-993085120

UAE nationals can now enjoy visa-free travel to Azerbaijan

The agreement, enabling visa-free travel for UAE, Azerbaijani citizens between both countries, allows stays of up to 90 days

RTA announces expected traffic delays on key roads from July 9-23 in Bur Dubai image RTA twitter

Dubai: Traffic delays expected on this key road for two weeks

The delay can be expected until 5am on Sunday, July 23

Diversity, equity and inclusion

Diversity, equity and inclusion: Taking the right steps

According to research, companies with more diverse management teams had higher levels of performance and innovation

Stefano Martinelli, GCC Retail Director, Amazon talks about Prime Day and its highlights image Amazon

Amazon GCC’s Stefano Martinelli on Prime Day and its highlights

Amazon GCC’s retail director tells us about the ecommerce giant’s strategy for Prime Day this year

Dubai tourism numbers for H1 2023

Dubai real estate market is world’s busiest for luxury properties over $10m

The city’s real estate sector emerged as the world’s busiest market for luxury properties, surpassing Hong Kong and New York

Dubai Police Launches Awareness Campaign on Amended Traffic Law Image Dubai Media Office

Dubai Police launches awareness campaign for recently amended traffic law

The newly launched campaign will run over seven weeks

climate

UAE records 49.1 degrees C temperature: NCM

The mercury edged close to 50 degrees C in the Al Dhafra region of the country

RTA adds nex exit at AL Seba Street at Dubai marina Image RTA

Dubai Marina: RTA adds extra exit to ease traffic flow at Al Seba Street

With the new exit, the total capacity of exit lanes from Dubai Marina via Al Seba Street will rise from 900 to 2,400 vehicles per hour, marking a sharp increase of over 266 per cent

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

FIVE Jumeirah Village (Image: Supplied by FIVE Hotels and Resorts)

FIVE obtained 100 per cent renewable electricity for Dubai hotels in 2022

It has become the first hotel operator in the UAE to receive International Renewable Energy Certificates

Karim Awad, group CEO of EFG Holding on the bank’s transformation journey

Cover story: Shining the spotlight on EFG Holding’s rebranding and growth journey

Powered by a strategic rebranding, EFG Holding continues to maintain a competitive edge across frontier and emerging markets. Group CEO Karim Awad shares the details

Abu Dhabi Grand Prix

2024 Abu Dhabi Grand Prix dates revealed

The official announcement from Formula One Management confirmed that the Abu Dhabi track will host the final race of the season

Abu Dhabi’s ADQ, Canada’s BMO to acquire minority stakes in Sagard

ADQ, Canada’s Bank of Montreal to acquire minority stakes in Sagard

The transaction is expected to close in the third quarter, subject to regulatory approvals

EDGE expands portfolio with acquisition of Oryxlabs

EDGE expands portfolio with acquisition of Oryxlabs

The acquisition is expected to elevate the defence group’s portfolio of advanced technology solutions

shuaa

Dubai’s Shuaa bolsters investment bank with Credit Suisse hires

The latest round of hiring at Shuaa Capital comes amid a flurry of capital markets activity in the Middle East

DIFC aims to attract 50 hedge funds to Dubai photo courtesy Dubai Media Office twitter

US hedge fund Verition chooses DIFC for global expansion

Verition manages approximately $7.3bn across its strategies, with over 400 employees globally

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

Saturday night F1 race Bahrain

Bahrain to host first-ever Saturday night F1 race to kick off 2024 season

The Formula 1 Gulf Air Bahrain Grand Prix will take place from February 29 to March 2

awards

Gulf Business Awards 2023: Nominations now open

The event will be held at Palazzo Versace in Dubai on September 28