UAE reports 381 Covid-19 cases, 389 recoveries

The nationwide case count has risen to 908,205

Dubai Chambers

Dubai Chambers, Citi sign MoU to boost business competitiveness

Both entities will collaborate on events and initiatives that support common goals and attract companies to the UAE

Investment Corporation of Dubai

Investment Corporation of Dubai reports Dhs10.1bn in net profit for 2021

Its revenues for 2021 equalled Dhs169.4bn, up 24.5 per cent compared to the previous year

Meet the first Emirati female pilot to test AW609 tiltrotor

She piloted the revolutionary aircraft during her visit to the US helicopter headquarters of Leonardo, located in Philadelphia

Open banking

Open banking platform Tarabut Gateway partners with four banks in Saudi

Traditional financial institutions and fintechs can connect and build their own apps using Tarabut’s solutions

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UAE’s Agthia Group to invest Dhs90m into manufacturing facility in Jeddah

It is being built for Nabil, one of Agthia’s protein brands, with sales expected to commence from the new facility in H2 2023

Dubai-based ride sharing firm Swvl to slash headcount by a third

The reductions will focus on roles that have been automated by investments in engineering and product and support functions

Dubai-Skyline-e1650964799688

UAE’s Utico hires banks to advise on potential IPO

Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group

Covid

UAE reports 383 Covid-19 cases, 379 recoveries

The nationwide case count has risen to 907,824

UAE Bank

Nearly 90% UAE banking customers find account opening too complicated

Identity proofing platform IDnow and YouGov research finds UAE residents are frustrated by bank account applications

DEWA announces Dhs12.08bn revenue in H1 2022

DEWA reveals number of new electricity and water connections in Dubai last year

It provides its services to 3.5 million people who live in Dubai

Qatar exports surge as demand for gas climbs on Ukraine crisis

China was the top destination of Qatar’s exports in April with close to QR6.6bn riyals

uae jordan egypt industrial partnership

UAE, Egypt and Jordan agree on $10bn industrial partnership investment fund

The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals

Improvement project

Sheikh Hamdan opens Dubai-Al Ain road improvement project

The project will benefit 1.5 million people living or working around both sides of the road

monkeypox

Three new cases of monkeypox detected in the UAE

The ministry announced the additional cases almost a week after the first infection of monkeypox was detected in the country

Giving up meat? A vegetarian-only food app launches in Dubai

Yalla Veggie offers a selection of green restaurants, supermarkets, organic stores, bakeries and ethical startups

Healthcare

Special report: How digital technologies have upped the game for healthcare across GCC

As technologies drive the future of most industries, digital solutions are also reshaping the healthcare sector

damac properties us miami

Dubai’s Damac Properties makes US entry by winning $120m bid in Miami

The property in the Miami neighbourhood of Surfside will offer residents direct beach frontage and access to South Beach and Bal Harbour

Majid Al Futtaim survey reveals what visitors expect from malls

The regional-based campaign has received feedback from 10,000 customers at City Centre Mirdif and Deira, as well as online channels

SAUDI-ARABIA-alcohol

Saudi tourism official clarifies country’s stand on alcohol consumption

Princess Haifa Mohammed Al-Saud, the kingdom’s assistant minister of tourism, spoke on the subject at the World Economic Forum in Davos

cryptocurrency

Dubai’s crypto edtech Coinmarketpedia secures $2m to expand footprint

The funds will be used to enhance features, allow for investments in ecosystem partnerships and onboard industry experts

CMTrading

Gulf Business and CMTrading to host an event on trading opportunities

The event will be held on June 16, 7:30 pm, at Pullman Downtown Hotel, which will bring key speakers from the finance industry

Saudia qatar

Saudia to operate hundreds of extra flights during FIFA World Cup Qatar 2022

From November 21, the airline will operate 60 special daily flights for fans which will run from both Riyadh and Jeddah to Doha

DP World

Dubai’s DP World to explore metaverse to solve supply chain challenges

DP World will explore metaverse applications for its services, including simulations of warehousing and terminal operations

Qatar

Qatar world cup shuttle flights set to buoy Gulf tourism

The shuttle service will initially connect Doha with Dubai, Muscat, Riyadh, Jeddah and Kuwait City

ACWA Power

ACWA Power, OQ, and Air Products sign agreement to build green hydrogen-based ammonia facility in Oman

The facility would be powered by renewable energy and produce green energy products

Revealed: 74% of UAE’s online shoppers to spend more in 2022

In the report, online shoppers were surveyed, to understand their shopping behaviour, including how they are using Amazon and Noon

Covid-19

UAE reports 395 Covid-19 cases, 334 recoveries

The nationwide case count has risen to 906,236

Why CEO of Dubai-based CMTrading feels trust is key to success

Ibrahim Aita, founder and CEO of CMTrading, shares the brokerage’s decade-long journey and current investment trends