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

UAE Ministry issues resolution on bank guarantees and employees’ protection insurance

UAE issues resolution on bank guarantee and employee protection insurance

Under the new resolution, establishments may provide a bank guarantee, valid for one year, of no less than Dhs3,000 for each worker, paid through a UAE-based bank

Ajman Chamber issues 19,008 certificates of origin worth over Dhs4.3bn

Ajman Chamber issues 19,008 certificates of origin worth over Dhs4.3bn

Libya topped the list of prominent export and re-export countries, followed by Saudi Arabia and Egypt

NMDC and Oracle sign agreement

National Marine Dredging Group selects Oracle cloud applications for business efficiency

By utilising a wide range of applications for finance, supply chain, HR and customer service, NMDC will be able to simplify and integrate critical business processes

Snap to open office in Qatar, signs MoU with Government Communications Office

This new move is part of Snap Inc’s efforts to support and create opportunities for its highly engaged creative community in Qatar

Majid Al Futtaim report reveals spending increased by 22% in H1 2022

UAE consumer spending increased by 22% in H1 2022, reveals Majid Al Futtaim report

In the first half of 2022, the retail general category was up by 15 per cent from the same period in 2021

ADNOC Distribution reports net profit of Dhs1.56bn in H1 2022

ADNOC Distribution reports net profit of Dhs1.56bn in H1 2022

ADNOC Distribution accelerated its growth strategy throughout H1 2022, with the opening of 12 new stations in the UAE

Qatar-Tourism-launches-specialist-programme-pic-courtesy-Qatar-Tourism-

Qatar Tourism launches ‘Specialist Programme’ to upskill global travel trade partners 

The Specialist Programme aims to enhance participants’ skills and knowledge of Qatar’s tourism offerings

Oman posts $2bn surplus in first half on high oil, gas

Oman has implemented a series of reforms to balance its budget and lower its debt, including the introduction of value-added tax last year

NAFIS..Your way launched for private sector_e1561968486666

‘NAFIS..Your Way’ campaign launched to support Emirati talent in private sector

The campaign will highlight Emiratis across the UAE working in technology, engineering, consulting, financial services and healthcare

Qatar Central Bank’s foreign currency reserves rise to QAR211.325bn in July

The official reserves stood at QAR153.890bn by the end of July, a considerable rise over last year’s reserves of QAR4.775bn

Saudi wealth fund starts company for Egypt investments

The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals

sharjah traffic

Sharjah launches first smart Taxi in the Middle East

The smart taxis are equipped with sensors, cameras, a mobile data unit and other devices connected to an integrated system

FDIs in UAE grew by 116% in past decade

UAE’s FDI rises by 116% over the past decade

The cumulative FDI balance received by the UAE also increased by 141.6 percent from 2011 to 2021

Ministry of Investment in Saudi Arabia signs MoU with French company Alstom

The MoU aims to explore the future of sustainable transport in the kingdom and identify investment opportunities in railway infrastructure

Hamad International Airport Doha

Qatar’s Hamad International Airport records 164% rise in passenger footfall in H1 2022

According to Qatar Civil Aviation Authority, HIA recorded 15.6 million passengers in the first half of this year

burjeel hospital

UAE healthcare provider Burjeel seeking to raise $750m from IPO

Once listed, Burjeel is considering a dividend payout ratio of 40 per cent to 70 per cent of net income from 2023 depending on its investment requirements at the time