Saudi confirms Eid Al Adha date

Sunday, July 11, is the first day of the month of Dhu Al Hijjah

Mubadala’s satellite group Yahsat IPO raises $731m

The IPO gives Yahsat a market value of about Dhs6.7bn

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai

Sheikh Mohammed launches new programme for coders in partnership with top tech giants

Sheikh Mohammed said the programme aims to train and attract 100,000 coders and establish 1,000 digital companies within five years

Saudi sets upper limit for gasoline prices as oil prices climb

The decision was made to “decrease the burden of living costs on citizens and residents”

Covid-19: UAE suspends entry of travellers from Indonesia, Afghanistan

The move also covers travellers who were in these countries 14 days prior to coming to the UAE

Top tips to do social media detox the right way

Here are eight ways by which you can limit your use of social media and avoid mindless scrolling throughout the day

Sustainability: Understanding the hype around hydrogen and its benefits

Here’s why the GCC is well-positioned globally to play a leading role in the supply of hydrogen

The ‘revenge travel’ rage: How tourists are planning their summer

As vaccination numbers pick up and countries worldwide cautiously open their borders, are travellers packing up their bags?

DP World to buy Imperial Logistics in $890m bet on Africa

The deal is expected to close by the first quarter of 2022

UAE reports 1,539 Covid-19 cases, 2 deaths

The nationwide case count has risen to 645,653

Saudi’s Tourism Development Fund deploys Oracle Cloud to automate processes

The implementation is designed to drive automation and integration of TDF’s core functions including banking, finance, HR and procurement

Emirates Dubai Mauritius A380

Emirates to restart flights between Dubai and Mauritius from July 15

The airline will deploy its A380 on the route starting August 1

Abu Dhabi Federal government

Covid-19: UAE issues new rules for entry to all federal government departments

Beginning August 1, those who are not vaccinated must furnish a negative PCR test result taken within the previous 48 hours

Covid cases today

Covid-19: Oman suspends arrivals from 24 countries

Oman has also announced a complete lockdown in the country across three days of Eid Al Adha

Mashreq Bank Emirates Development Bank

Emirates Development Bank inks MoU with Mashreq for SME credit guarantee programmes

Mashreq will offer financing of up to Dhs10m to SME customers, of which 50 per cent will be guaranteed or co-lent by EDB

Deep Dive Dubai

Sheikh Hamdan opens world’s deepest swimming pool in Dubai

The pool at Deep Dive Dubai has a depth of 60 metres and features a sunken city

Arcapita sells branding firm Stratus at $450m value

Stratus was acquired by Arcapita in late 2017 and its enterprise value has since tripled

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco to sell more assets in multi-billion dollar push

Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April

Video: Fire due to explosion on container ship extinguished in Dubai’s Jebel Ali Port

No injuries were reported and the fire was put out within 40 minutes

Abu Dhabi Residents Office

Abu Dhabi launches new office to address residency requirements of expats

The Abu Dhabi Residents Office will operate as a division of the Abu Dhabi Department of Economic Development

The All-new 2022 INFINITI QX60

Infiniti reveals all-new 2022 QX60 model in Dubai

It is the first complete redesign of the QX60 since 2013

In pics: Dubai’s Global Village announces date for 2021 season

Season 26 will commence on October 26 this year

Swiss medical tourism

Why the Swiss medical tourism sector is looking to tap into the GCC

A delegation of medical operators from Switzerland recently visited the UAE to explore opportunities to grow the Swiss medical tourism sector

Dewa Dubai

Construction on Dubai’s Dhs287.8m Nakhali water reservoir to be completed in Q3 2021

The reservoir will have a storage capacity of 120 million imperial gallons

Covid cases August 8

UAE says recent drop in new Covid-19 cases due to early detection, fast response

The country has provided a total of 15.5 million vaccine doses so far

Emirates Development Bank

Emirates Development Bank lists $750m bond on Nasdaq Dubai

Dubai’s US-dollar denominated debt listings are now valued at $98.5bn

coronavirus saudi arabia

Saudis may work longer, pay more to fill pension fund gap

The average Saudi life expectancy is 75 years, and the official retirement age is about 60 for men and women

Oman

Oman: Complete lockdown declared for Eid Al Adha 2021

The sultanate also issued a revised list of countries from where entry will be banned as a precautionary measure

Asaad Abboud, managing director of Leica Camera Middle East

Leica Camera opens Middle East office in Dubai in joint venture with Perpetual Exposure

The regional operations will be headed by Asaad Abboud, owner and managing director of Perpetual Exposure

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

Abu Dhabi’s Masdar wins contract for 200MW solar power project in Armenia

The plant, spanning over 500 hectares, will be located in the Talin and Dashtadem communities of Armenia