RAKEZ signs MoU with Manufacturers’ Association of Israel

UAE’s RAKEZ signs MoU with Manufacturers’ Association of Israel

The economic freezone seeks to provide an adaptive and supportive ecosystem for investors looking to expand their horizons and businesses

AMAZON.AE PRIME DAY offers for Prime Members Image Amazon

Prime Day deals: Amazon UAE reveals exclusive offers for Prime members on July 11-12

Prime members in the UAE can avail of free international shipping from Amazon US and UK via the Amazon.ae Global Store, with no minimum purchase during Prime Day

abu dhabi

Abu Dhabi Customs launches new corporate identity

The new identity is in line with the custom authority’s aim of consolidating its position as a world-class clearance department

jobs in UAE, Saudi Arabia

Deadline for companies to meet Emiratisation targets on July 7

The deadline was extended from June 30 to July 7 to give companies more time to reach their targets

Dubai traffic flexible or remote work

Dubai introduces stricter traffic laws, announces fines of up to Dhs100,000

Under the amended traffic laws, Dubai Police can seize a vehicle if it has clocked up more than Dhs6,000 in traffic fines

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

MBZUAI etihad Airways sign Mou

Etihad Airways, MBZUAI to leverage AI to enhance UAE’s aviation industry

The MoU will create training opportunities for MBZUAI students to advance their understanding of the aviation industry while using AI to address challenges

Dubai SME members awarded Dhs1.12bn in contracts in 2022 Image credit GettyImages-1214946297-e1682524082437

Dubai SME members receive Dhs1.12bn in contracts in 2022

The contribution of Dubai government bodies was worth Dhs552.51m, while federal government entities granted contracts worth Dhs88.2m

UAE attracts foreign direct investment of $23bn in 2022

UAE attracts foreign direct investment of $23bn in 2022

The country remains the leading recipient of global FDI in the GCC, attracting 61 per cent of all foreign investments into the region last year

DMCC welcomes over 1,400 companies in H! 2023 uptown & jlt Image DMCC

Dubai’s DMCC welcomes 1,456 companies in H1 2023

DMCC is now home to more than 23,000 member companies from across the world

Hajj season 2023 electronic visa

Saudi Ministry of Hajj starts issuing e-visas for Umrah

The electronic visa process is part of the country’s efforts to facilitate travel and enable more Muslims to perform Umrah rituals

Samsung and FRAME tap local creators for Galaxy Z Flip4 accessories inspired by UAE cultureSamsung and FRAME tap local creators for Galaxy Z Flip4 accessories inspired by UAE culture image credit Samsung and Frame

Samsung, FRAME unveil Galaxy Z Flip4 accessories inspired by UAE culture, created by local artists

The creations launched at Al Shindaga Museum in collaboration with Dubai Culture are available for purchase online until the end of July

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

central bank outlines measures to alleviate burden of residential property loans for UAE nationals Image courtesy CBUAE

UAE issues measures to address impact of rising interest rates on property loans for citizens

The notice was issued following approval from the Central Bank of UAE’s board of directors, with the measures coming into effect from July 1

Emirates begins flights to Montreal (Image: Supplied by Emirates)

Emirates commences daily service to Montréal

The airline’s North American network now stands at 14 destinations

ramadan moon

Hijri New Year 2023 holiday in UAE: Will we get a long weekend in July?

The Hijri New Year signifies the start of a new lunar year for Muslims around the world

BARAKAH

Barakah One completes refinancing of Barakah plant

The KEXIM loan facilities were refinanced through a competitive market process resulting in the selection of two banks, ADCB and FAB

Qatar Airways begins flights to Lyon (Image: Sourced from Qatar Airways Newsroom)

Qatar Airways begins direct flights to Lyon from Doha

The services will operate every Monday, Wednesday, Friday and Sunday

Emirates NBD introduces carbon market trading -GettyImages-630846210

UAE’s Emirates NBD introduces compliant carbon market trading

The offering will help the bank’s clients to seamlessly tap global carbon credit markets to support their net zero ambitions and sustainability goals

licence

WeRide receives UAE’s first self-driving licence

The licence will allow WeRide to conduct various road testing exercises and autonomous driving operations across the UAE

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

The bank allows its customers to digitally create an investor number on the Abu Dhabi bourse and apply for IPO subscriptions

AllianceBernstein

AllianceBernstein opens new office in DIFC to expand Middle East presence

The global investment firm has secured DFSA licence to locally service and advise clients

emirates

Emirates announces job openings for cabin crew, ground staff

The latest recruitment campaign for cabin crew and ground staff follows a record year of growth for the airline and the global aviation sector

Sheikh Hamdan inaugurates phase 1 of waste-to-energy Centre in Warsan Image Dubai Media Office

Sheikh Hamdan launches first phase of world’s largest waste-to-energy project

The facility can process two million tonnes of waste per year without any adverse environmental impact

emaar

Emaar shares push Dubai stocks to 2015 high as economic outlook lifts mood

S&P Global Ratings recently upgraded Emaar Properties based on the strong demand seen in the UAE’s real estate sector

Make the most of summer with these wallet-friendly tips

Summer fun: 5 wallet-friendly tips to enjoy the season

Spending increases significantly during the summer season as people want to be out and about

Red Sea Global

Red Sea Global awards contracts worth $2.4bn to Saudi Airlines Catering

The partnership is expected to create more than 500 new jobs for local talent across the kingdom

Abu Dhabi Global Market introduces Sustainable Finance Regulatory Framework Image ADGM

Abu Dhabi Global Market introduces regulatory framework for sustainable finance

The framework complements ADGM’s existing regulation of carbon offsets, facilitating the establishment of the world’s first regulated carbon offsets exchange and clearing house

Aldar, IHC, ADNEC merge property, facilities management

Aldar, IHC, ADNEC merge property, facilities mgmt assets

The merger adds considerable weight to Aldar Estates, taking its portfolio of residential units under management to approximately 135,000

Steven Gerrard has been named manager of Saudi Arabian side Al Ettifaq

Steven Gerard signed by Saudi Pro League Club Al Ettifaq as manager

Ettifaq are two-time champions but finished seventh in the Saudi Pro League last season