The Eternal Pink diamond unvelied at Dubai's DDE. Image Credit: DMCC

World’s largest ruby, most vivid pink diamond unveiled in Dubai

The unveiling of the pink diamond and the ruby highlights Dubai’s leading role in the diamond industry and growing presence in coloured gems

NEOM

NEOM Green Hydrogen Company closes $8.4bn deal for production facility

The green hydrogen production plant is currently being built at Oxagon in Saudi Arabia’s NEOM region

UAE Weather rain

UAE weather: Rain hits parts of the country; Orange alert raised

Residents are advised to take precautions and avoid flooded areas for their safety

TAQA, Uzbekistan power generation

TAQA to explore investments worth $3bn in Uzbekistan’s energy sector

The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn

Minor Hotels signs agreement with Saudi's Tourism Development Fund (Image: Supplied by Minor Hotels)

Minor partners with Saudi’s Tourism Development Fund

Multiple properties from brands including Anantara, Avani, Tivoli and Oaks will open across different regions within the kingdom

Tam Development founder and CEO

Saudi’s TAM Development opens IPO subscription on Nomu-Parallel Market

The price range has been set between SAR100 and SAR130 per share, with 85,600 shares on offer representing 16 per cent of company’s share capital 

Saudi astronauts head to International Space Station. Image Credit: UAE Space Station

Saudi astronauts embark on landmark space mission: Watch liftoff

Saudi Arabia’s historic mission signifies the nation’s commitment to advancing space exploration under the ambit of the Vision 2030 national agenda

ACWA Power Riyadh Headquarters Office

ACWA Power, PIF unit jointly invest $3.25bn in three solar projects

The new solar projects, which will be jointly owned with ACWA and PIF’s Badeel, will have a combined production capacity of 4.55 GWac

UBF

UAE Banks Federation confirms 100% spike in use of digital banking channels

According to a survey conducted by UAE Banks Federation, the county ranked second globally in terms of customer confidence in banks at 84 per cent in 2022

WeWork

Productivity: How to manage your energy efficiently

You can maximise your efficiency by managing your energy. These daily rituals will help

Empower adds DXB to its portfolio

Empower adds Dubai International Airport to its district cooling portfolio

The total capacity of the plants is equivalent to 11 times the consumption of the world’s tallest tower, the Burj Khalifa

Etihad rail Arsenale sign Mou for luxury train cruise

Etihad Rail, Arsenale to bring luxury train cruise to UAE, GCC

The luxury train will travel through the UAE towards the border with Oman, passing through Mezeira’a, and the Liwa Desert and its oasis

King Salman and Prince Mohammad bin Salman invite members to the 32nd Arab League Summit. Image Credit: Saudi Arabia's MOFA

Arab League Summit begins in Jeddah

The 32nd Arab League summit brings together 22 member countries and five observer nations in Saudi Arabia’s coastal town

Emirates inflight Wi-Fi in Premium Economy Class

Emirates: All passengers can now avail of free Wi-Fi onboard

The airline said all Emirates Skywards members in every class of travel can now enjoy some form of free Wi-Fi connectivity

Mubadala has invested in clean energy FY 2022 financial highlights

Abu Dhabi’s Mubadala outperforms global benchmarks in 2022

The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure

UAE-UK Sheikh Abdullah bin Zayed Al Nahyan and James Cleverly meet for the Strategic Dialogue between the UAE and UK. Image Credit: MOFAIC

UAE-UK inaugural strategic dialogue: key takeaways

The strategic dialogue builds on the 2021 bilateral meet during which the two countries agreed to establish a partnership for the future

Hospitality group Accor has confirmed three new luxury properties will open in Riyadh by 2027 (Image: Supplied by Accor)

New Raffles, MGallery and Sofitel announced for Riyadh

It will include a 230-key Raffles hotel, a 250-key Sofitel Serviced Residence and a 60-villa MGallery resort

CBUAE revokes licence of an exchange firm

UAE bank investments hit record high of Dhs541bn in February

The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year

Israel consul general Liron Zaslansky with Ian Fairservice, Managing Partner & Group Editor-in-Chief of Motiva

Strengthening the UAE-Israel partnership

H.E Liron Zaslansky, Consul General of Israel in Dubai shares her thoughts on the strong relationship between the two states and avenues for further growth

etihad airways CO2 emissions reduction in 2022

Etihad reports 26% drop in CO2 emissions per RTK in 2022

In its annual sustainability report, the airline stated that it had reduced CO2 emissions per revenue tonne kilometre to 482g compared to the 2019 baseline

Saudi Aramco appoints presidents for upstream and downstream businesses

Saudi Aramco promotes upstream, downstream heads to new president roles

Nassir Al-Naimi remains in charge of Aramco’s oil and gas production while Mohammed Al Qahtani will continue to run the refining and chemicals business

UAE, Italy strengthen economic partnership

UAE, Italy strengthen economic ties, explore investment exchanges

The partnership is expected to create new investment opportunities to support sustainable economic growth

RTA to open 3 new metro link bus routes phot courtesy RTA

Dubai’s RTA has launched these 3 new metro link bus routes

The RTA has said it will make improvements to the journey times of 48 other routes in addition to the new bus routes

UAE's One Dirham banknote issued in 1973. Image Credit: Central Bank of the UAE

UAE’s dirham marks 50 years of circulation

The Emirati dirham was issued as the UAE’s official currency replacing a mix of international currencies which had been in circulation in the emirates

UAE MoI amends certain traffic laws

UAE’s MoI announces amendments to UAE traffic laws, covers fines, points

Ministerial Resolution No (178) of 2017, which outlines traffic control rules and procedures, now includes additional violations related to the preventive measures mentioned in the resolution

biogas

Dubai announces completion of biogas-to-energy project at Warsan Wastewater Treatment Plant

The biogas power facility has the capacity to generate 44,250 MWh of electricity annually

Oman's OIA

Oman’s Bank Dhofar, Omnivest submit competing bids for Ahli Bank

The revised bid from Oman’s Bank Dhofar comes a day after Omnivest said it would lead a consortium that will make an offer for Ahli Bank

FTA unveils tax agents classification initiative Photo Getty Images

The UAE’s FTA unveils initiative to simplify tax compliance, enhance customer satisfaction

The initiative is designed based on the results of an opinion poll and proposals fielded by the authority through its direct communication with customers

IHG to open 12 Holiday Inn Express hotels across Saudi Arabia (Image: Supplied by IHG)

IHG reaches deal for 12 Holiday Inn Express hotels in Saudi Arabia

It has signed a master development agreement with Tashyid for Hotel Operations to develop the hotels totaling 2,500 keys

UAE corporate tax exempt

UAE corporate tax: Ministry issues decision on exemptions

The decision aims to clarify the application of the corporate tax regime for individuals and ensures that only business income is taxed