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

Traded values on Abu Dhabi Securities Exchange increased 407% in 2021

Market capitalisation of stocks listed on the exchange more than doubled to reach Dhs1.6tn

Museum of the Future

Watch: Flying Iron Man delivers special invitations to visit Museum of the Future in Dubai

The stylised video shows the jetpack-powered Browning taking off from the museum and landing at various locations across the city

Bahrain

Bahrain begins construction on United States Trade Zone

The USTZ will be initially spread across approximately 1.11 million sq m and built at a cost of around BHD75m

UAE weather update: Fresh winds, rough sea conditions anticipated; NCM issues alert

The UAE recorded its lowest temperature of 11.4°C in Jabal Jais at 5.15am today

UAE and India sign Comprehensive Economic Partnership Agreement

The strategic partnership could boost the value of bilateral trade between India and the UAE to over $100bn within the next five years

Dubai Metro

Dubai: 461 million riders used mass transit means, shared transport and taxis in 2021

Last year, the daily average number of riders using mass transit means and taxis reached 1.3 million, compared to approximately 948,000 in 2020

Abu Dhabi

Abu Dhabi studying next-generation nuclear to make hydrogen

Hydrogen is considered a promising replacement for fossil fuels in the energy transition

Rising momentum of the region’s banking sector

GCC banks are paving the way for a promising year

How to strike a balance while monitoring performance in a hybrid working era

Where do we draw the line between activity-based monitoring and meaningful performance-based measurement? 

Abu Dhabi’s Etihad Cargo launches Forever Home for animal rescues

Forever Home builds on Etihad Cargo’s existing animal welfare and conservation policy

The role of our environment in helping achieve goals

Setting up the right environment can provide the positive triggers that are critical to retaining a sense of well-being

Dubai’s Averda secures $45m investment from US firm to develop recycling facilities

The waste and recycling company will use the investment loan to develop and set up plastic recycling facilities in Africa and India

UAE reports 882 Covid-19 cases, 2,294 recoveries

The nationwide case count has risen to 873,092

Standard Chartered announces highest operating profit since 2015 in MEA

The bank reported its income grew by 3.5 per cent to $2.44bn

Egypt credit sector

UAE’s Metito, Scatec in talks on $1.5bn Egypt desalination plant

The proposal involves a 400-megawatt solar-power facility and a desalination plant

National Petroleum Construction Company signs strategic MoUs at EGYPS

UAE-based National Petroleum Construction Company signed agreements with leading Egyptian companies to explore growth opportunities in the MENA region

UAE F&B

UAE’s F&B imports from Latin America reached $1.9bn in 2020

F&B exports from Latin American markets accounted for 12 per cent of the UAE’s total F&B imports in 2020