OPEC

OPEC chief sees high risk of oil squeeze amid bullish demand

The OPEC chief remains confident that world oil demand will increase by almost 3 million barrels a day this year

UAE Covid

UAE reports 721 Covid-19 cases, 631 recoveries

The nationwide Covid-19 case count has risen to 1,007,039

Dubai’s DXB records 27.9 million passengers in first six months of the year

DXB handled a total of 154,993 flight movements in H1 2022, up 55.9 per cent compared to the first half of 2021

Al Othaim family

Saudi wealth fund buys $7bn US stocks amid recession fears

The wealth fund is boosting its investments in equities as Saudi Arabia’s income from oil almost doubled in the second quarter

UAE Covid

UAE reports 775 Covid-19 cases, 656 recoveries

The nationwide Covid-19 case count has risen to 1,006,318

Oman

Oman gets first upgrade from Fitch on oil-led fiscal turnaround

Fitch raised Oman’s long-term foreign-currency rating by one notch to BB

Emirates

Dubai’s Emirates to introduce A380 service to Bengaluru

Bengaluru will be the second city in India to be served by the Emirates A380 aircraft

Dubai Metaverse Assembly: WEF, Meta, Mastercard, Emirates participate as partners

Museum of the Future, Dubai’s DEWA partner to showcase innovative tech

The agreement aims to pave the way for constructive research to help solve current ecological challenges

Saudi permits all types of visa holders to perform Umrah

The decision coincides with the start of the Umrah season for the current year

RAK Chamber members' exports total Dhs1.644bn in Q2 2022

RAK Chamber members’ exports total Dhs1.644bn in Q2 2022

The chamber registered 402 new establishments in Q2 2022, including 185 commercial establishments and 193 professional establishments

Saudi Aramco announces record Q2 and H1 2022 results

Saudi Aramco posts record quarterly profit, announces H1 net income of $87.9bn

Aramco posted a 90 per cent year-on-year increase in net income in Q2 2022 to 48.4bn and declared a dividend of $18.8bn to be paid in Q3

Restaurant Review: Turkish Breakfast at Mado

Restaurant Reviews: Turkish Breakfast at Mado

With the goal of only serving the real taste of Turkish home-style cuisine, the restaurant rose to fame by imprinting its brand on the mind of food lovers

Ferrari has started a new journey with the 296 GTB

Review: Ferrari has started a new journey with 296 GTB

We test drive the 296 GTB, an evolution of Ferrari’s mid-rear-engined two-seater sports berlinetta concept, featuring a new V6 engine coupled with a plug-in electric motor that packs a punch

Get your child 'Back-to-School' ready

Get your child ‘Back-to-School’ with these retail offers

UAE’s leading retailers have plenty of offers and deals for the new academic year

Showcasing Abu Dhabi as a prime global sporting and entertainment hub

Interview: How Flash Entertainment is showcasing Abu Dhabi as a global sporting and entertainment hub

John Lickrish, CEO of flash entertainment, tells us how the company continues to play a big role in Abu Dhabi’s recent foray into the fast-paced world of esports

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air will commence services to Ras Al Khaimah on October 3 with two weekly flights

Sarah Hewerdine, Head of Marketing at houza.com

Will the latest interest hike spike your dream of buying a home?

Sarah Hewerdine lists out key takeaways of the recent interest rate hike for an everyday home-buyer in the UAE

jass lounge

Restaurant Reviews: Art of Mixology in Jass Lounge

The Jass Lounge provides an intimate experience through the smooth sounds of live jazz, featuring soul, funk, cuban jazz and blues

Covid cases August 12

UAE reports 823 new Covid cases, 819 recoveries

The Covid-19 nationwide case count has risen to 1,003,129

OPEC sees global oil market tipping into surplus this quarter

OPEC cut forecasts for the amount of crude it will need to pump in the third quarter by 1.24 million barrels a day to 28.27 million a day

Saudi mining giant Ma’aden reports Q2 net profit increase of 265% to reach SAR4bn

Saudi mining giant Ma’aden reports H1 net profit increase of 232% to reach SAR6.2bn

The mining company reported that sales rose 95 per cent quarter-on-quarter to SAR11.9bn, bringing H1 2022 sales to SAR20.8bn, an 80 per cent improvement on H1 2021

Saudi Aramco plans to go big carbon storage

Saudi Aramco plans to go big on carbon storage

Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour 1

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar

Kalyon Enerji Turkey

Abu Dhabi’s IHC acquires 50% stake in Turkish clean energy company Kalyon Enerji

Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the construction, energy and aviation industries

New generation UAE passport to be issued from Sept 1

UAE to issue new generation of Emirati passports from September 1

The passports of the previous generation are considered valid and their holders can use them for travel until the expiry date of the passport approaches

DEWA announces Dhs12.08bn revenue in H1 2022

DEWA announces net profit of Dhs3.30bn for H1 2022

DEWA also reported its second quarter 2022 financial results, recording quarterly revenue of Dhs7.01bn and net profit of Dhs2.61bn

Dubai to host BuildingSMART International’s first branch in the MEA region

Dubai to host BuildingSMART International’s first branch in MEA region

The move underscores Dubai’s regional and international leadership in digital transformation and innovation in the construction and infrastructure sector

FIFA is considering a request from the South American Football Confederation for hosts Qatar to play Ecuador a day earlier than previously planned

FIFA World Cup may start one day earlier with Qatar-Ecuador game

If the change is approved, the tournament will start on November 20 and run for 29 days

UAE, UK join forces to back national emergency response project in Senegal.jpeg

UAE, UK collaborate on Dhs540m emergency response project in Senegal

The Redco Project Senegal will cater to emergency services, healthcare, environment and technology

TAQA-Generation Abu Dhabi

Abu Dhabi National Energy Company reports net income of Dhs4.3bn in H1 2022

The group revenues were Dhs25.4bn, 15 per cent higher than the prior-year period, primarily due to higher commodity prices within the oil & gas segment