Dawn of ‘Roaring Twenties’ seen as Dubai’s luxury home sales soar

In the first five months of the year, 22 properties worth more than $10m found a buyer

Covid-19 Vaccine Delta UAE

Covid-19: Delta variant accounts for a third of all infections in the UAE

The Alpha, Beta and Delta strains are currently the most prevalent Covid-19 mutations in the country, together accounting for 84.4 per cent of all infections

Dubai: Enrolment across private schools up 3.9% since September 2020 – KHDA

A total of 10 new schools will open in the 2021/22 academic year

Only vaccinated individuals now allowed to enter malls, restaurants, gyms and salons in Kuwait

A person will need to show their vaccination status on the My Identity or Immunity mobile application

UAE to enter 25 new markets to boost foreign trade – Sheikh Mohammed

The UAE is seeking to grow its national exports by 50 per cent over the coming years

UAE reports 2,122 Covid-19 cases, 4 deaths

The nationwide case count has risen to 626,936

eyewa

UAE startup eyewa raises $21m in Series B funding round

Eyewa aims to take its e-commerce model and expand into brick-and-mortar retail operations at key locations in the region

IHC becomes UAE’s most valuable company after unit list

Alpha Dhabi traded as high as Dhs20 in a direct listing

Almost 9 out of 10 UAE-based SMEs are optimistic about the next 12 months – study

SMEs across the country have identified easier access to funding, acceptance of digital payments and training and upskilling staff as the top three drivers for growth

HSBC commits $5bn for UAE businesses with global growth plans

Incentives, including green lending discounts and certifications, access to targeted growth programmes, and trade-related benefits, will be offered to businesses that meet the required criteria

How are SMEs driving economic growth in Saudi Arabia?

At the forefront of Vision 2030, SMEs are diversifying the economy as the kingdom competes in a global arena

Dubai Emirates SME

Dubai’s Emirates expects flights from India to resume by July 7

The carrier confirmed the itinerary in response to customer queries on Twitter

UAE eyes first net zero by 2050 goal among major petrostates

The UAE is now bidding to host the UN’s global climate talks in 2023

Saudi workers

Saudi resumes crackdown on illegal workers, residents

Nearly 5.7 million have been arrested in the campaign, which began in November 2017

Oud Metha Bus Station Dubai

Video: RTA opens state-of-the-art bus station in Dubai’s Oud Metha

The average number of riders using the station per day is expected to reach 10,000

Abu-Dhabi-airport-drugs

Abu Dhabi Customs seizes 55,642kg of narcotics in first five months of 2021

During the same period in 2020, it intercepted attempts to smuggle 24,454kg of narcotics

Sheikh Mohammed approves new board of Dubai Chambers

The board will work to create a comprehensive unified strategy for Dubai Chambers

Wealth management of tomorrow: Emerging trends within the regional landscape

Global trends of investing with purpose have been reflected regionally as well

Subsidiary of Abu Dhabi’s International Holding Company to list on ADX

The company has Dhs10bn in paid-up capital

Abu Dhabi clarifies that free Covid-19 vaccines will not be given to tourists

The emirate stressed that vaccines are only available to those holding expired residency visas or expired entry visas

Stephan Winkelmann Lamborghini

Interview: Lamborghini president and CEO Stephan Winkelmann on the carmaker’s electrification plans

Lamborghini has an ambitious roadmap for all its cars to be hybrid models by 2024, followed by an all-new full-electric Lambo before the end of the decade. And before you ask, the V12 combustion engine will continue to breathe

DXB’s Terminal 1 reopens, welcomes first passengers in 15 months

The $1.2bn Concourse D opened in February 2016 as the home terminal for DXB’s 65 plus international carriers

Video: ‘We’re more of an e-commerce firm than an entertainment one’ – Starzplay CEO

Maaz Sheikh on how the online streaming service has grown its reach in the MENA region

Sheikh Mohammed announces countdown for Expo 2020 Dubai

Countries will not be clustered by their geography, but under Expo 2020’s three subthemes of Opportunity, Mobility and Sustainability

Ruwais blue ammonia

Fertiglobe joins ADNOC’s blue ammonia facility in Abu Dhabi’s Ruwais

The facility which will likely be operational by 2025, will have a capacity of up to 1 million tons per annum

Qatar’s wealth fund says crypto needs to mature after wild ride

Bitcoin has lost more than 50 per cent from its mid-April high of almost $65,000

Kuwait’s $134bn pension fund has record gain in turnaround

The $134bn pension fund recorded 20.9 per cent growth in assets in the year ended March 31

Oman

Oman to introduce new long-term residency programme for foreign investors

Starting September 2021, the Investment Residency Programme will offer renewable five and ten-year visas subject to applicants meeting specific criteria

Saudi wealth fund weighs new airport in Riyadh for tourism drive

The crown prince’s economic transformation plan has identified Islamic pilgrimage as a key source of non-oil revenue

E-commerce

UAE retail e-commerce market reaches $3.9bn in 2020

In 2020, the apparel and footwear category had the highest share of 33 per cent ($1.3bn) in the UAE retail e-commerce market