UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

Dubai Real estate

Dubai releases first-ever official residential rental performance index

The Dubai Land Department coordinated with Property Finder to launch the inaugural edition of the index

How the UAE’s new corporation tax will benefit businesses in the region

Overall, the tax rate will be a big win for the region’s businesses

Tourism airport

Special report: The power of the GCC as a source market for global tourism

The size and monetary value of the outbound GCC tourism market were never in question – but what are its challenges, opportunities and key growth drivers in the foreseeable future?

Dubai UAE

UAE: No pre-departure PCR tests for inbound vaccinated travellers, masks not mandatory outdoors

The easing of the Covid-19 precautionary measures is effective starting Saturday, February 26, 2022

Saudi’s Dar Al Arkan unveils Dhs1bn W Residences Dubai – Downtown

The tower consists of 384 exclusive, high-end residences, which will be managed by Marriott International

Covid-19 update: UAE reports 696 cases, 1,916 recoveries

The nationwide case count has risen to 878,102

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades

Emirates

Emirates to operate five additional flights between Dubai and Kuwait

The airline will operate the extra flights ahead of Kuwait National Day holidays

boursa kuwait

Kuwait bourse plans derivatives trading amid push for more IPOs

The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year

The Global Blockchain Business Council appoints Ola Lind as the UAE Ambassador

Lind joins 179 ambassadors from 86 jurisdictions in six continents that make up a select group of leaders in technology, government, and academia

Dubai’s Emirates signs agreement with Tourism Authority of Thailand

The carrier will develop initiatives to boost tourism to the kingdom by showcasing it to customers across its network

GEMS Education

Dubai’s GEMS Education confirms being target of cyberattack

The education operator said that all its schools remain open, while external entities have been enlisted to investigate the incident

Ras Al khaimah

Ras Al Khaimah offers Dhs7m economic stimulus support in 2021

These packages were introduced to ease the financial burden on businesses in the emirate during the Covid-19 pandemic

Qatar

Qatar updates Covid-19 PCR testing rules for inbound citizens and residents

Vaccinated citizens and residents are not required to conduct a pre-departure PCR test before travelling to Qatar, provided that the country they are departing from is not on the red list

Oil soars past $100 as Russia attacks targets across Ukraine

OPEC+ meets on March 2 to decide on output for April

UAE’s e& reports 3.2% rise in consolidated net profit for 2021

During 2021, its aggregate subscriber base reached 159 million

Etihad Rail

Etihad Rail signs Dhs1.99bn financing agreement for passenger services with First Abu Dhabi Bank

The passenger service will connect 11 cities and locations in the UAE and is expected to carry over 36.5 million passengers annually by 2030

Borouge starts up fifth polypropylene unit in Ruwais

The new facility will increase Borouge’s polypropylene production capacity by more than 25 per cent to 2.24 million tonnes per year

Sacha Jafri

Dubai-based Sacha Jafri’s creation to become first official artwork on the Moon

The artwork called ‘We Rise Together with the Light of the Moon’ will be placed on the lunar surface later this year

UAE reports 782 Covid-19 cases, 2,096 recoveries

The nationwide case count has risen to 877,406

in5 to launch a dedicated space for investors to drive entrepreneurship in the region

The space will enable investors to directly engage startups for funding and partnership opportunities

ACWA Power led consortium achieves financial close for Red Sea Project

The first phase of the project is set to open by the end of 2022

Paul Berger Arena global CEO

Abu Dhabi’s IHC acquires 70% stake in Arena Events for Dhs239.8m

Paul Berger, the current Arena EMEA CEO, will transition to become the company’s global CEO

Aramco closes $15.5bn BlackRock-led gas pipeline deal

Gas is a cleaner fuel than crude oil

Etisalat e&

UAE telecom major Etisalat Group rebrands as e&

e& has also announced the establishment of its consumer digital and enterprise digital business units

Dubai’s Mashreq weighs sale of payments business

Deliberations are ongoing and no final decision has yet been taken

UAE

UAE updates terror list to include one individual and five entities

They have been linked to supporting and financing Yemen’s Houthi militia

Getty Images

Saudi Arabian miner Amak seeks $332m from IPO

The initial public offering’s price range has been set at SAR58-63

Dubai Airport

Dubai Airports sees travel surge this year, full rebound by 2024

Dubai Airports CEO said demand this year could surprise on the upside