Taj Exotica Resort & Spa, The Palm, Dubai - Dawn

An ultra-luxury stay and dining at Taj Exotica Resort & Spa, The Palm

Guests are taken on a sensorial culinary journey across the resort’s seven dining and bar options

Finnair

Finnair to launch daily services between three Nordic capitals and Doha

The services will be operated with Finnair’s Airbus A330 aircraft

Virtuzone Binance

UAE’s Virtuzone to accept cryptocurrency payments via Binance Pay

Via this partnership, Virtuzone seeks to advance the use of cryptocurrencies and blockchain technologies in the country

China’s Grid Giant expands presence through DIFC to advance region’s energy transition

State Grid Corporation of China sets up first office in DIFC

The total overseas investments amount to $23.2bn and its overseas equity capital is approximately $65bn

Mohamed Alabbar to acquire stake in YNAP from Richemont

Mohamed Alabbar to acquire stake in Yoox Net-a-Porter from Richemont

Alabbar’s investment vehicle, Symphony Global will acquire a 3.2 per cent stake of YNAP’s share capital, while Farfetch will take 47.5 per cent

Saudi's Mawani and ZATCA

Saudi’s Mawani and ZATCA sign deal to regulate joint activities

The deal will be instrumental in supporting the Fasah platform in addition to streamlining operational efficiency and boosting competitiveness at Saudi ports

Family businesses

Enduring legacy: Role of family businesses in the regional ecosystem

Family businesses have contributed significantly to the wider economic landscape, credited as major drivers of job creation and inclusivity

Emirati Women's Day

Emirati Women’s Day: A dreamer, believer, doer and achiever

From space, technology, business to government positions, Emirati women have secured key positions across the country, making their nation proud

Israel

Calev’s newsroom: How Israel and the Gulf are cooperating on defence

The growing level of cooperation has been set in motion by the Abraham Accords

On an upward trajectory: How the regional aviation industry is charting its recovery

As the aviation sector’s recovery has quickened, IATA recently upgraded its outlook for the industry’s financial performance this year

Alan’s corner: Six characteristics that make a great leader

Effective strategies and leadership skills go a long way

Low-cost carriers

How regional low-cost carriers are flying high amid travel recovery

The Middle East’s budget carriers are cashing in on the growing trend for affordable luxury and increasing demand

Emaar Properties’ board recommends scrapping foreign ownership limit on shares

The developer has also recommended to increase the company’s share capital to Dhs8.838bn

Saudi Arabia

Wizz Air to launch 20 new routes between Saudi Arabia, Europe

The new flights will connect the Saudi capital as well as major cities with European destinations including Bucharest, Budapest, Milan, Naples, Rome, Venice and Vienna

UAE President

UAE President arrives in Greece on official visit

Upon his arrival at the Presidential Palace, Sheikh Mohamed bin Zayed Al Nahyan was received by Greek President Katerina Sakellaropoulou

Ras Al Khaimah reports 5% rise in valid licences

RAK’s Economic Development Department reports 5% growth in valid licences in H1 2022

Ras Al Khaimah reported the total number of renewed licences in H1 2022 was 6,947, compared to 6,606 during the same period in 2021

Bicycles and electric bikes

Abu Dhabi: Violators of bicycles, electric bikes regulations to face fine b/w Dhs200-500

The goal is to implement the highest standards of security and safety

Emirates Auckland flights

Emirates to operate direct A380 services to Kuala Lumpur, Auckland from December

The airline currently operates to both cities with a linked Boeing 777-300ER service

First Abu Dhabi Bank

First Abu Dhabi Bank launches multiple-thematic fund

Investors will be able to access multiple investment themes focused on innovation and long-term growth

New UAE visas to be introduced from September 2022

Your guide to the UAE’s new visa reforms

Looking forward to the new UAE visas rules rolling out next month? Here’s what’s on offer for tourists, residents, professionals and entrepreneurs

ADNOC Drilling

Abu Dhabi’s ADNOC Drilling acquires offshore jack-up rig for $70m

The company has bought a total of four premium offshore jack-up rigs this year

Majid AL Futtaim announces H1 2022 results

Majid Al Futtaim reports 18% rise in EBITDA to Dhs1.9bn, revenue rises 15% to Dhs18bn

Majid Al Futtaim – Properties’ revenue rose 51 per cent to Dhs2.4bn, while EBITDA was up 27 per cent to Dhs1.4bn

Saudi Arabia

Saudi Arabia’s oil exports surged to a fresh high in June

The country’s top trading partner during June was China with exports reaching SAR21bn riyals

Celonis funding round

Qatar leads investment round in Celonis at $13bn valuation

The latest funding came as an extension of last year’s Series D investment round

QatarEnergy

QatarEnergy awards contract for 875MW solar power plants

These plants are to be built in Mesaieed Industrial City and Ras Laffan Industrial City

single-use plastic

Sharjah to ban single-use plastic bags from January 1, 2024

Sales outlets will be committed to impose a tariff of no less than 25 fils as of October 1, on each single-use plastic bag given to the consumer

Schools

UAE: Students above age 12, staff must provide negative PCR test result for new academic year

Wearing face masks remains mandatory inside closed areas

Emirates Global Aluminium

UAE’s Emirates Global Aluminium reports $1.6bn in net profit for H1 2022

The company’s revenue for the first half of the year stood at $5bn, compared to $2.9bn in H1 2021

Huspy

UAE proptech startup Huspy acquires Just Mortgages, Finance Lab

The founders and employees of both businesses will join Huspy

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities