zero watse

Hastening the UAE’s journey to zero waste

A good way to encourage recycling and composting is to make it expensive to put things in landfill

Covid-19

UAE reports 259 Covid-19 cases, 396 recoveries

The nationwide case count has risen to 896,631

Etihad

Abu Dhabi’s Etihad reduces carbon footprint by 56% between 2018-2021

Etihad aims to reach net zero emissions by 2050

carlos ghosn

France issues international arrest warrant for Carlos Ghosn

French investigators have travelled to Beirut to question Ghosn over his interactions with the Omani car distributor and his spending on various events

Digital wallet

Careem Pay launches peer-to-peer transfer facility and digital wallet in the UAE

It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions

Eid holidays

Eid Al Fitr 2022: Holidays declared for private sector employees in UAE

They will either receive a four- or five-day weekend contingent on the sighting of the moon which will indicate the end of Ramadan

Emirates NBD

Dubai’s Emirates NBD reports 18% rise in net profit for Q1 2022

Total income increased 3 per cent year-on-year to Dhs6.4bn

UAE reports 231 Covid-19 cases, 217 recoveries

The nationwide case count has risen to 896,372

UAE Central Bank launches two new banknotes

The new banknotes are the third issue of the national currency

Covid-19 protocols

UAE schools to resume trips, all activities under updated Covid protocols

The updated Covid protocol will come into force on Thursday, April 21

Eid Al Fitr 2022: UAE announces holidays for federal government employees

The paid holidays will begin from Saturday, April 30

Saudi wealth fund weighs stake in Thyssenkrupp’s hydrogen unit

Deliberations are ongoing, and there’s no guarantee PIF will proceed with an investment

Dubai-Internet-City Tecom Group

Dubai business park operator Tecom plans book-build IPO

Tecom plans to list its shares on the Dubai Financial Market

solar energy

UAE’s AMEA Power to build two solar power projects in Morocco

The two plants will be located in Taroudant, in the Souss-Massa region and in El Hajeb, in the Fès-Meknès region, each with a production capacity of 36MW

Dubai

Watch: Trailer of new documentary that chronicles Dubai’s fight against Covid-19

The first segment of the two-part documentary will air on Discovery on May 7

AIr Arabia

Air Arabia to resume flights to four cities in Saudi Arabia

The airline will start flying to the four destinations from April 28

Covid cases July 15

UAE reports 249 Covid-19 cases, 385 recoveries

The nationwide case count has risen to 896,141

Getty Images - Saudi office

Kaspersky opens new office in Saudi Arabia

Establishing this new office in the kingdom is a milestone in the company’s roadmap to protect over 400 million users

UAE money laundering prosecution office

UAE to launch domestic dirhams Treasury Bonds worth Dhs1.5bn

The securities will be auctioned and traded through Bloomberg’s Auction System and settled through a local platform

Sharjah Entrepreneurship Foundation 'Ruwad' registered 214 new projects in 2021

Sharjah: Over 17,000 business licences issued and renewed in Q1 2022

It marks a growth rate of 7 per cent over, or 1,139 licences, over the same period in 2021

Bahrain seizes on oil windfall to rebuild funds hit by pandemic

The country will put $2 into the Future Generations Reserve Fund for each barrel of crude sold at over $80

Saudi Arabia’s growth outlook boosted by IMF on oil surge

The kingdom’s economy expanded 6.7 per cent on an annual basis during the fourth quarter of 2021

uae central bank

UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021

Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021

Citi, HSBC set to share up to $97m in fees from DEWA IPO

DEWA said in a statement that the selling commissions would amount to Dhs213.7m

Covid cases August 3

UAE reports 229 Covid-19 cases, 408 recoveries

The nationwide case count has risen to 895,892

HSBC becomes first international general clearing member on Dubai Financial Market

The bank will be able to provide clearing and settlement services to its customers worldwide and to other DFM trading members

DCT Abu Dhabi

Dubai’s Emirates increases flights to Algeria

The carrier will utilise its Boeing 777-300ER aircraft between Algiers and Dubai

Equiti metro station dubai

RTA rebrands Umm Al Sheif metro station in Dubai

It has granted Equiti Group naming rights of the station for the next 10 years

Qatar brings global photography app Explorest to the Middle East

Mannai surges after plan to sell Inetum at $2bn valuation

The shares jumped 10 per cent in Doha to the highest level since 2016, taking their gains this year to 114 per cent

Abu Dhabi

Non-oil contribution to UAE’s GDP reaches 72.3% in 2021

The non-oil contribution to the country’s GDP in 2020 stood at 71.3 per cent