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

UAE: Uber to offer free rides to people seeking Covid-19 jab till July 31

Passengers will be able to avail two free Uber rides, up to Dhs60 each, to and from public vaccination centres in Dubai and Abu Dhabi

Saudi developer awards facilities management contract for its coastal village

The Coastal Village area includes management offices, villas, townhouses and apartments, and a 144-room hotel

UAE reports 1,988 Covid-19 cases, 6 deaths

The nationwide case count has risen to 618,148

Mideast joins bitcoin craze with first crypto listing in Dubai

The Bitcoin Fund invests in long-term holdings of Bitcoin as a safer alternative to direct investments in the cryptocurrency

Flights between India and UAE to remain suspended until July 6 – airline

The carrier confirmed the directive as response to a customer query on Twitter

Abu Dhabi adds five new European countries to its ‘green list’

Cuba and Kyrgyzstan have been removed from the list, effective from June 24

UAE’s Emirates Development Bank, NBQ partner to facilitate SME financing

The MoU will cover credit guarantee and co-lending programmes

Dubai Municipality approves job titles for remote work

The municipality is the first government department in the emirate to announce the step

Joey Ghazal

Why Dubai-based restaurateur Joey Ghazal is taking a homegrown concept to London

The Maine Mayfair located at 20 Hanover Square will open this fall

Abu Dhabi to welcome back cruise liners from September

Only vaccinated passengers will be allowed to disembark in the emirate

Dubai UAE

Dubai repays 10-year $500m bond certificates

The 10-year note, under the Euro Medium Term Note Programme, reached maturity on June 22, 2021

UAE Central Bank sees inflation picking up in second half

Gross domestic product is seen rising 2.4 per cent this year

dubai airport covid-19 testing laboratory

New Covid-19 lab at Dubai airport can process 100,000 samples daily

Located close to Terminal 2, the 20,000 square-foot lab was built in collaboration with Dubai Health Authority and Pure Health

Abu Dhabi Vaccine tourism

Tourists in Abu Dhabi can now receive Pfizer, Sinopharm Covid-19 vaccines

The vaccines are only available for holders of a visa issued by Abu Dhabi or passport holders eligible for visa on arrival

UAE reports 2,167 Covid-19 infections, 4 deaths

A total of 616,160 people have contracted the virus since it broke out across the country

Sajwani’s Maple Invest postpones acquisition of Damac Properties

On June 9, Hussain Sajwani offered to acquire 100 per cent of the listed company via Maple Invest

Pakistan Pavilion unveils theme, logo for Expo 2020 Dubai

The Expo 2020 will be held in Dubai, from October 1, 2021 until March 31, 2022

C37 Dubai Healthcare City

Visiting overseas doctors can now practice part-time in Dubai Healthcare City

Visiting doctors will benefit from full-service set-up including visa processing and licensing services