UAE reports 740 Covid-19 cases, 1,956 recoveries

The nationwide case count has risen to 876,624

Ten MENA startups announced for PepsiCo’s Greenhouse Accelerator

The startups will receive an initial grant of $20,000 and mentorship from PepsiCo and Food Tech Valley experts

UAE’s ADX, Boursa Kuwait and Kuwait Clearing Company sign MoU to enhance market liquidity

The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait

Getty Images

How and why are NFTs disrupting the world of art, music and retail

A non fungible token is a scarce, verifiable, secure asset with proof-of-ownership at its core

Israel Diamond Exchange office to open in Dubai

The IDE office will contribute to ease of trade for Israeli diamond companies operating in Dubai or looking to establish a presence in the emirate

Dubai real estate

Dubai most preferred foreign investment location for Saudi home buyers – Knight Frank

The annual 2022 Saudi Residential Survey spoke to 55 HNWIs in Riyadh, Jeddah and Dammam

UAE scraps rapid PCR tests for passengers from several countries including Pakistan, India

Sharjah-based Air Arabia said on its website that incoming passengers from eight countries are no longer required to conduct a rapid PCR test at the airport six hours prior to departure

SEBA Bank

Swiss crypto bank Seba opens office in Abu Dhabi

In a first for a full-service digital asset bank in the UAE, it received a nod from the Abu Dhabi Global Market Financial Services Regulatory Authority

In pictures: Sheikh Mohammed inaugurates Museum of the Future

The 77-metre tall landmark will provide the largest platform in the region to study, envision and design the future

Umex Simtex

UAE signs defence deals worth Dhs1.62bn on first two days of Umex and Simtex 2022

It marked an increase of 159 per cent compared to the corresponding period of last year’s exhibition

Dubai Festivals and Retail Establishment announces new dates for events

The year’s retail calendar has a total of 17 festivals, including citywide events, activations and experiences

Abu Dhabi’s Mubadala and Apollo expand partnership

The expanded partnership will help Apollo originate transactions across various asset classes and grow product capabilities

Majid Al Futtaim launches ultra-exclusive Alaya Beach residential project in Dubai

Located on the banks of the lagoon in Tilal Al Ghaf, it comprises of 14 mansions and 30 villas

UAE’s Mubadala leads $500m equity round into Singapore’s Princeton Digital Group

The funds will help PDG strengthen its presence in Japan, India, Singapore, China and Indonesia

Abu Dhabi’s Khalifa Fund and noon payments to support local SMEs

Through the partnership, noon payments will offer SMEs extra support with zero setup costs, reduced monthly fees and access to advanced gateway features

UAE’s Edge Group introduces new AI-assisted unmanned ground vehicle

The new launch is the latest from Edge’s tactical UGV series, which is intended to support security and civil defence forces

UAE reports 626 Covid-19 cases, 1,994 recoveries

The nationwide case count has risen to 875,884

Expo 2020 Dubai records 14.7 million visits as of February 21

Domestic visits surged 128 per cent in the past six weeks

Investment guide: Stocks and instruments to look at during periods of high inflation

Investors should avoid growth stocks or companies with a high valuation

Etihad

Abu Dhabi’s Etihad announces new flights to Greece, Spain and Zanzibar

The airline will begin operating these summer routes starting June 15

UAE eyes more trade pacts to secure billions in investments

The UAE signed a deal with India recently

Cleveland Clinic Abu Dhabi - Cancer Center

New cancer treatment centre to open in Abu Dhabi this year

Cleveland Clinic Abu Dhabi’s Cancer Centre will be modelled on its Taussig Cancer Centre in Ohio

Diamonds

UAE becomes world’s largest rough diamond trading hub

Over $22.8bn worth of rough diamonds were traded in the country last year

Dubai’s DXB welcomes 29.1 million passengers in 2021, remains world’s busiest airport

India retained its position as the top destination country for DXB by passenger volumes

Ajman free zone

Ajman Free Zone registers 1,792 new companies in 2021

Ajman Free Zone marked a 90 per cent rise in the occupancy rate of its rental units, which extend over 867,000 sq m

Dubai’s Jafza and Prime Aquaculture to build region’s first marine shrimp RAS farm

The high-tech farm will produce over 1,000 metric tonnes of shrimps annually – three times more than the current shrimp production in the UAE

Saudi Aramco

Saudi Aramco shares hit record as oil demand rebounds

Crude prices have surged around 20 per cent this year

Dubai Cultiv8 and Oman Holding International invest $5m in Udrive

The investment will support Udrive’s upcoming expansion in the region and enhancements of its technology

UAE reports 651 Covid-19 cases, 2,640 recoveries

The nationwide case count has risen to 875,258

Virgin Mobile UAE unveils new biodegradable SIM cards

It is the first mobile operator in the UAE to introduce eco-friendly SIMs