Dubai tycoon Hussain Sajwani resigns, makes $599m offer to take Damac private

Damac traded below the Dhs1.3 per share offer price on Wednesday

Dubai airport immigration

UAE bans entry of passengers from Zambia, DR Congo and Uganda

The directive comes into effect from June 11

Majid Al Futtaim, Yellow Door Energy to develop Bahrain’s largest private solar plant

The agreement will bring clean energy to The Bahrain Mall, operated by Carrefour Bahrain

Covid-19 update: UAE reports 2,179 cases, 6 deaths

The nationwide case count stands at 589,423

Emirates-NBD

Emirates NBD lists $750m bond on Nasdaq Dubai

Emirates NBD the largest financial services bond issuer on Nasdaq Dubai through seven listings with a total value of $5.1bn

Hamdan Bin Rashid Cancer Charity Hospital Dubai

Upcoming cancer charity hospital in Dubai raises Dhs220m

The Hamdan Bin Rashid Cancer Charity Hospital will open in 2023 and provide free treatment to low-income patients

Saudi wealth fund appoints deputy governors to spur growth

The PIF has made several high-profile investments in recent years

Desert Control

Desert Control joins Dubai’s in5’s alumni network after raising Dhs85m in IPO

Desert Control is ready to launch its commercial rollout of liquid natural clay that turns deserts into fertile land

ADIB partners with Visa to unveil UAE’s first biometric authentication solution for e-commerce

Once implemented, ADIB customers can authenticate their e-commerce transactions by using their mobile application biometric authentication

Royal Grammar School Guildford Dubai

Dubai to get 10 new schools in upcoming academic year

The new schools will offer Australian, UK, US and IB curricula

Bahrain extends Covid-19 precautionary measures until June 25

The work-from-home policy to cover 70 per cent of government employees remains in effect

Saudi Arabia Visas

Saudi to extend validity of visas until July 31 for expats stranded abroad

The extension will be done automatically and at no cost to the visa holders

Saudi Aramco

Aramco starts debut sale of dollar-denominated Islamic bonds

The firm is raising cash to help finance its plans to pay out $75bn in dividends

Dubai’s Emirates to resume flights to Nice, Lyon in France

Emirates currently operates 14 weekly flights to/from Paris

UAE reports 2,205 Covid-19 cases, 2 deaths

The nationwide case count has risen to 587,244

UAE to extend ban on passengers from India until July 6 – airline

The carrier advised affected passengers to reschedule their tickets

Arabian Travel Market ATM Dubai

Arabian Travel Market: How the event signalled a rebound in tourism

The region’s biggest travel and tourism event held a successful in-person and virtual edition last month in Dubai. And the big question predictably was – has the industry started to recover?

Air Arabia

Air Arabia to start new service from Sharjah to Phuket

The thrice-weekly flights will commence from July 2

Dubai airport

Emirates to restart flights from Dubai to the UK this month

The airline said that travel restrictions remain in place as the UAE is still on the UK’s red list for travel

UAE Central Bank unveils portal to anonymously report misconduct

The CBUAE said that anyone can voice their concerns around misconduct without any fear of reprisals

UAE introduces ‘green pass’ on Alhosn app to show vaccination and infection status

The Alhosn status will turn from green to grey once the PCR test validity ends, and to red if a test result is positive

Oman is planning a second debt sale in 2021 with dollar sukuk

Oman successfully tapped the international debt market in January, raising $3.25bn

Wizz Air launches two new routes to Maldives and Kuwait

Wizz Air Abu Dhabi announces new flights to three Greek destinations

The airline’s one-way fares start from Dhs179 to Mykonos, Crete and Rhodes

Covid-19 update: UAE reports 1,968 cases, 3 deaths

The case count in the UAE stands at 585,039

Shailesh Dash

How investing in big tech stocks can counter market volatility

Tech growth stocks continue to offer opportunities for investors due to their strong future potential, states entrepreneur and investor Shailesh Dash

Etihad Airways

Abu Dhabi’s Etihad Airways to resume flights to London Heathrow from June 8

Only British and Irish nationals, and those with residence rights will be permitted to travel into the UK from the UAE

Dubai-based Opontia raises $20m to acquire MENA e-commerce brands

Opontia was launched in March 2021

Making strides to diversify and enrich the region’s cloud services market

Events of the last year have focused the spotlight on the benefits of cloud-based solutions

Fujairah Terminals

Abu Dhabi Ports opens expanded Dhs1bn Fujairah Terminals project

The terminal’s general cargo throughput will increase to 1.3 million tonnes and container capacity to 720,000 TEU

UAE federal bank planning second-ever sale of dollar debt

The money would go toward supporting companies in sectors considered a priority for the economy