DEWA transmission substations

DEWA invests $151m in 6 new 132/11 kV transmission substations

The project included 3,450 metres of 132kV ground cable to connect with the main transmission network

Sheikh Jassim bids for Manchester United

Has Qatar’s Sheikh Jassim won the bid for Manchester United?

Sheikh Jassim and British businessman Sir Jim Ratcliffe were the final bidders after the club was put up for sale in 2022

Image Courtesy: Salik Twitter

Dubai’s Salik warns investors against ‘high-return’ scams on social media

The toll operator has advised the public to exercise caution and vigilance when being targeted by such offers

Emiratisation

Deadline extended for companies to meet Emiratisation targets

Non-compliant companies will face Dhs42,000 fine for each Emirati not employed, based on the 1 per cent semi-annual Emiratisation growth requirement

Ecity - Cartlow sign agreement Image credit Cartlow

Cartlow, E-City launch sustainable device subscription programme

The initiative provides customers with affordable and convenient options to prolong the life cycle of their devices and reduce electronic waste

Arab-China Business Conference image Saudi Ministry of Investment

Arab-China Business Conference: Deals worth $10bn inked on opening day

Trade between China and Saudi Arabia alone exceeded $106bn last year, representing a 30 per cent growth rate during 2021

e-visa

Saudi Arabia introduces new instant e-visa

The introduction of the e-visa is one of several initiatives launched by the kingdom in the past year to enhance the visitor experience

JEPLAN and Rebound to collborate Image credit Rebound

UAE’s Rebound, JEPLAN to jointly explore set-up of recycle PET market in the UAE

Through a joint study, the companies will seek the participation of partner companies in the UAE to establish a supply chain for recycled PET in the UAE

UAE-India CEPA talks

UAE-India CEPA impact: Bilateral non-oil trade reaches $50.5bn

The CEPA came into effect on May 1, 2022, and was the UAE’s first-ever bilateral trade deal

UAE seeks to bolster economic, investment ties with South Korea

UAE seeks to bolster economic, investment ties with South Korea

The two countries agreed on new plans in the field of entrepreneurship, including programs and facilities to foster startup growth

NymCard acquires BNPL firm Spotii

NymCard acquires Middle East BNPL firm Spotii

The integrated platform will serve both B2C and B2B markets seamlessly, enabling instant instalment options

META cyber threat and hacker attack

Here’s why the META region is prone to mobile financial scam

Cyberthreats for Android users remain prevalent in the META region as the operating system holds a dominant market share

Saudi Arabia signs deal with China EV maker

Saudi Arabia inks $5.6bn deal with Chinese EV brand Human Horizons

The deal accounts for more than half of the $10bn investment agreements that were signed on the first day of the Arab-China business conference

UAE-UKRAINE TALKS

UAE delegation led by Mariam bint Mohammed Almheiri meets Ukraine’s president

The UAE’s Minister of Climate Change and Environment is leading a diplomatic delegation on an official visit to Ukraine

Qatar investor set for a spending boost

Qatar’s top dealmakers get ready for a spending power boost

The country’s wealth fund remains one of the biggest investors in Europe, with stakes in companies such as Glencore and automaker Volkswagen

Riyadh air

Riyadh Air takes flight in Saudi skies ahead of air show debut: Watch

Riyadh Air will join the global aviation sector with “RX” as its Airline Designator Code which was approved by the International Air Transport Association

B Store launched by AstraTech Image Astra tech

Now pay for groceries using facial recognition at Astra Tech’s new B Store

Astra Tech has launched its first autonomous shopping store in Abu Dhabi’s Sky Tower, which operates solely using artificial intelligence

Ukraine seeks UAE support.

Ukraine counts on UAE wealth funds to build its economy

Ukraine presented its economic transformation strategy and invited UAE funds to participate in the development of its wealth fund

Saudi Arabia disburses $8bn

Saudi to invest more than $800bn in tourism sector by 2033

The ministry has developed comprehensive plans for the travel and tourism sector which comprises 3 per cent of the labour market

Eid al Fitr

UAE announces Eid Al Adha holidays

Residents can expect either five or six days holiday, depending on the sighting of the Moon

Food security AgriTech GCC

GCC: How tech can support food security

We explore the role of innovative technologies in achieving food security in the GCC region

unit-4-of-barakah-nuclear-energy-plant Image ENEC

Unit 4 of UAE’s Barakah nuclear plant begins ops readiness prep

Barakah’s three commercially operating units are already generating more than 30TWh of zero-emission electricity all year round

real estate

Alvarez & Marsal says dealmaking wave robust in MENA despite global dip

The increased interest rates have not had a material impact on dealmaking activity in the region

UAE bank investments

UAE bank investments hit a record $149.3bn in March

Month over month, bank investments jumped 1.3 per cent from Dhs541.4bn in February

Cost of living drives up expenses for expats

Has cost of living gone up for expats in Dubai, Abu Dhabi?

A recent report on world’s most expensive cities for international employees shows the emirate go up the ranks as the cost of living has gone up

KEZAD, Tubacex production facility

KEZAD, Tubacex to build OCTG-CRA production facility in Abu Dhabi

The facility will enable Tubacex to establish a strong presence in the UAE while reaching out to its global network of clients

The suites are located on the upper floors of the hotel (Image: Supplied by Conrad Dubai)

Conrad Dubai introduces residential suites

Each of its 22 one-bedroom units is spread across 100 sqm, and its residents can access the hotel’s leisure and business amenities

Burjeel to launch neurological institute with Northwell Health Image credit Burjeel Holdings

UAE’s Burjeel, US-based Northwell Health to launch neuroscience institute in UAE

The neuroscience institute will be located at Burjeel Medical City in Abu Dhabi

Brookfield eyes $28bn Network International deal

Canada’s Brookfield acquires Network International for $2.8bn

The investment firm reached a deal to pay 400 pence per share in cash, which represents a premium of about 64 per cent to Network’s closing price on April 12

mohre emiratisation deadline

21 days left for UAE businesses to meet mid-year Emiratisation target or face fines

A federal law aims to raise Emiratisation rates by two per cent annually to reach 10 per cent by the end of 2026