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

Cover story: Why Kuwaiti entrepreneur Talal Al Ajmi is heavily invested in the future

Founder and CEO of VI Markets, Talal Al Ajmi tells us how investing in technology has been key to his company’s growth

Etihad

UAE’s Etihad Airways to ramp up flights to New York from November

From November 15, a total of 11 weekly services will connect Abu Dhabi to New York

free trade agreement

UK-GCC free trade agreement: What’s on offer?

Increased trade and investment can unlock further growth in the UK and the GCC, and an ambitious free trade agreement is imperative

cartlow

Tomorrow first: Is the future of logistics here?

Experts from across the region’s logistics and freight sector give us the lowdown on advanced technologies, digitisation, e-commerce and other key trends transforming the sector

Explainer: How companies in Middle East approach diversity, equality and inclusion?

Current efforts are not limited to just hiring, but also include investing in developing female talent to build up diverse pipelines, opines Maliha Jilani, member of the global social impact practice and partner at Heidrick & Struggles (Dubai)

Emaar Namshi sale

Dubai’s Emaar to sell online platform Namshi to Noon

Emaar will receive the equity value as the cash consideration

Covid-19 restrictions to be eased in UAE from September 28

UAE reports 693 Covid-19 cases, 659 recoveries

The nationwide case count has risen to 1,008,435

hub

Abu Dhabi to host one of region’s largest food and healthcare storage hubs

The hub will comprise four warehouses with over 80,000m2 of capacity

FIFA World Cup ticket

FIFA World Cup ticket sales hit 2.45 million with three months to go

The event is set to start on November 20, a day earlier than planned

Abu Dhabi launches Land Privileges Programme to support businesses

Abu Dhabi’s ADDED launches Land Incentives Programme

Land incentives will be offered at rates as low as Dhs5 per square metre, with beneficiaries also receiving long-term contracts

Emirates

Dubai’s Emirates to halt Nigeria flights on blocked funds

The Dubai-based airline said it tried every avenue to address the transfer of funds from Nigeria

Covid-19

UAE reports 703 Covid-19 cases, 673 recoveries

The nationwide case count has risen to 1,007,742

policies

UAE-based private sector employees grow 9% in Q2 2022

The construction sector accounted for the largest chunk of new work permits issued during the second quarter of 2022

Dubai Airport

Dubai Airport expects full recovery next year amid travel surge

Dubai attracted 86.4 million travellers in 2019