IT MICROSOFT-BDOS

World’s ‘biggest IT fail’ in numbers: Billions lost, millions of devices impacted, thousands of flights hit

The outage affected major companies including Amazon, Delta Airlines, Bank of America, and Visa among others

Dubai’s RTA announces Dhs1.1bn deal for low-emission buses

Dubai’s RTA announces Dhs1.1bn deal for low-emission buses

The buses meet the European low carbon emission standards (Euro 6) and are set to be delivered in 2024 and 2025

ramadan

When is Ramadan 2025?

The exact start of Ramadan can vary each year due to differing interpretations and methods used to sight the new moon

climate

‘It feels like 62°C’: Humidity intensifies heatwave in Dubai, Kuwait

Official temperatures in recent days have hovered above the 40°C mark, but the so-called ‘feels like’ temperature has reached 62°C

Operations at Saudi airports back to normal after tech outage

In a statement posted late on Friday by Saudi Arabia’s airports company, Matarat Holdings, it confirmed that operations are back to normal

Saudi's PIF boosts stake in Saudi Re with $114m investment

Saudi’s insurance sector unscathed by Microsoft, CrowdStrike outage, says IA

In Saudi Arabia, the IA issued a statement in Arabic to confirm the integrity and safety of its systems and the systems of the sector

Abu Dhabi real estate market trends for H1 2024 according to Bayut's findings Image_Getty Images

Abu Dhabi property market soars in H1 2024, shows new report

According to Bayut’s report, Abu Dhabi real estate market demonstrated a strong performance in H1 2024, making it an attractive option for local and international investors

Masdar Raises USD1 Billion Through Second Green Bond to Fund New Global Renewables Projects

Masdar raises $1bn through second green bond issuance

Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times

Microsoft-Image-Microsoft

Microsoft lays blame at CrowdStrike’s door for global outage

Microsoft’s cloud unit said it was currently investigating potential options its customers can take for mitigation

Jazeera Airways - Kuwait - Microsoft

Global tech outage: DXB, Emirates, Etihad say flights on schedule

Jazeera Air has notified passengers of its operations being impacted in the ongoing global IT outage

Emiratisation UAE

Latest: UAE’s MoFA says services back on after Microsoft outage

The TDRA warned users of the global IT outage and said it is closely monitoring the developing situation

LSEG

LSEG platform suffers widespread downtime, trading hit

During Asian trading hours, LSEG said its news services were experiencing a global technical issue that prevented news from being published on its platform

berlin - Microsoft

Airports, flights hit by global Microsoft outage

The Germany capital city airport’s halt in operations comes as carriers, media companies, banks and telecoms firms around the world report system outages

Saudia turns to Germany’s Lilium for flying taxis

Saudia turns to Germany’s Lilium for flying taxis

The state-owned airline made a firm order for 50 of its eVTOL aircraft, with an option for an additional 50 later

Sheikh Hamdan

Sheikh Hamdan, Sheikh Abdullah sworn in as new deputy prime ministers: Watch

The ceremony took place at Qasr Al Watan in Abu Dhabi

rain seeding tech_UAEREP launches 5th grant cycle with US university MTU Getty Images/ For illustrative purposes

Cloud seeding tech: UAEREP’s 5th grant cycle project launches

The new grants cycle will focus on five key areas, including enhanced seeding materials and rain enhancement systems

Danube - Bollywood Actress Chitrangada Singh Randhawa

Chitrangada Singh joins Danube’s Milano as brand ambassador

Singh has appeared in previous collaborations with Danube group founder and chairman Rizwan Sajan, for promoting their real estate offerings, in the UAE

Bahri pulls out of bidding for Germany’s DB Schenker

Saudi Arabia’s Bahri drops out of race for Deutsche Bahn’s Schenker

The departure means state-owned Deutsche Bahn needs to lower its sights on proceeds because Bahri’s offer was the highest

Gold

Gold clings to record high on growing US rate-cut bets

Over the next six to 12 months, Citi expects gold to rise $2,700-$3,000 per ounce and silver to climb $38 per ounce

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project Image courtesy NEOM for illustrative purposes

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project

In line with the partnership with Eversendai, Emirates Steel will supply premium steel beams for the construction of the ski village

WO-RK, the new co-working space at Burjamn Metro opens Launch Image Co-Spaces

Great reasons to go to WO-RK@Burjuman Metro

The newly-opened co-working space, situated within the bustling Burjuman metro station, offers accessible, affordable workspaces to entrepreneurs

Dar Global signs with Trump Organization to build Trump Tower Dubai

Dar Global to build Trump Tower Dubai, marks third collab in region

This is the developer’s third collaboration with the Trump Organization

UAE to build 10 hospitals to offer critical care, aligns with global initiative

UAE to build 10 hospitals to offer critical care, aligns with global initiative

Part of the Zayed Humanitarian Legacy Initiative, the ambitious project will see a financial investment of nearly $150m (Dhs550m) over the next decade

Emirates Boeing 777

Emirates SkyCargo places $1bn Boeing 777 freighters order

Emirates said the introduction of the new freighters will boost available main deck cargo capacity by 30 per cent

Sanad Facility -Mubadala owned Sanad reports robust growth in H1 2024

Sanad growth soars in H1, expects revenue to hit Dhs4.5bn by year-end

Sanad projects a significant jump to Dhs4.5bn by year-end, reflecting a 28 per cent increase over 2023 and double the revenue of 2022

UAE

UAE President Sheikh Mohamed bin Zayed announces “Union Pledge Day” on July 18

Union Pledge Day joins the ranks of other national occasions in the UAE, including Union Day, Flag Day, and Commemoration Day

Abu Dhabi

5 reasons why Abu Dhabi and Dubai feature in world’s top smart cities index

The UAE capital climbed three places to secure 10th position, while Dubai also improved its standing, moving from 17th to 12th place among 142 cities worldwide

Shari’ah-compliant firm GII finalises investment in GEMS education. Image for illustrative purposes

Shari’ah-compliant firm GII finalises investment in GEMS education

GII, with over $4.5bn in assets under management, marks this investment as the second collaboration with Brookfield this year

US startup Plenty lands $680m deal for indoor farms in UAE

The new UAE farm aims to produce over 4.5 million pounds of premium strawberries for local consumption and export within the GCC.

‘Prioritise the fundamentals when investing', says SJP's Martin Hennecke

‘Prioritise the fundamentals when investing’, says SJP’s Martin Hennecke

St. James’s Place’s (SJP) head of Asia and Middle East Investment Advisory offers a strategic perspective on investments, the importance of diversification and the firm’s foray into Dubai