Wealth management 2.0: How has the regional landscape evolved

Wealth management has gone through layers of disruption to morph into its current advisory form

How board compliance need not be so painful

The costs associated with compliance are definitely much lower than that of the risks that might emerge in the absence of it

Dubai Emirates SME

Emirates to resume flights to seven cities in July, aims to reach 90% of pre-pandemic network

During the summer, the airline plans to activate over 30 of its A380s to meet additional demand

UAE reports 2,167 Covid-19 cases, 3 deaths

The nationwide case count has risen to 606,128

Saudi Arabia to form entity with $29bn in equity holdings

The funds hold significant stakes in Saudi Arabian firms

Martin Nydegger, CEO of Switzerland Tourism

How Switzerland’s tourism industry is gearing up for a comeback

Switzerland has been the bellwether and thermometer for the health of Central European tourism. It’s beginning to climb out of one of its most challenging years ever, with Switzerland Tourism CEO Martin Nydegger bullish about a strong recovery

Kuwait resumes flights to the UK following suspension in Jan

Kuwait Airways, Jazeera Airways and British Airways have been licenced to operate direct flights to and from London Heathrow airport

Saudis say cautious approach to restoring OPEC+ output paid off

Crude futures are trading at a two-year high above $70 a barrel

Commercial Bank of Dubai Network International

Commercial Bank of Dubai partners with Network International for pre-approved business loans

CBD will offer business loans to Network’s retail and ecommerce clients against their Point of Sale machines or payment gateway proceeds

Mubadala Health buys UEMedical stake, joins Olive Rock, Cerberus

Financial details of the transaction, which is expected to close by September, weren’t disclosed

Nasdaq Dubai Indonesia Government

Indonesian government lists three sukuk valued at $3bn on Nasdaq Dubai

The total value of all sukuk listed by the Indonesian government on the exchange now stands at $19.75bn

Abu Dhabi becomes first location to receive new Covid-19 medication

The Sotrovimab medicine can prevent severe cases and death for selected Covid-19 patients by more than 85 per cent

Newspapers

UAE allows distribution of magazines, newspapers to resume in all public spaces

In March 2020, the UAE National Media Council ordered the temporary suspension of distribution of these materials in certain public places as a result of the Covid-19 pandemic

Emirates Woman offers exclusive staycation package at Park Hyatt Dubai

The Emirates Woman staycation package includes a one-night stay for two on June 25, priced at Dhs899

Covid-19 update: UAE reports 2,011 cases, 4 deaths

The nationwide case count has risen to 603,961

Flydubai becomes first airline to partner with UAE’s contact tracing Alhosn app

Flydubai passengers can now use the Alhosn app at check-in without having to present a printed copy of their negative PCR test result when travelling from Dubai

UAE online retailer noon announces dates for its next ‘big yellow sale’

The three-day event will see prices reduced by up to 70 per cent

Abu Dhabi

Abu Dhabi rolls out mass screening Covid-19 technology

The scanners will be used at entry points to the emirate and will screen for potential Covid-19 infections, providing immediate results and denying entry in case of a positive detection

Covid-19: UAE warns of high risk from new strains for unvaccinated, urges for caution during Eid holiday

Health authorities have urged those with chronic diseases and the elderly to get booster doses

Kuwait

Kuwait hasn’t renewed wealth fund’s board since term expired

Its board is appointed by royal decree for a four-year term and members can be reappointed

ENOC Link Expo 2020 Dubai

ENOC Link to provide over 1 million litres of fuel to Expo 2020 Dubai fleet

Earlier this year, ENOC launched its Service Station of the Future at the Expo 2020 Dubai site

FlyArystan Almaty Sharjah

Kazakh low-cost carrier FlyArystan begins flights to Sharjah

The airline will operate twice weekly flights on Sundays and Tuesdays between Almaty and Sharjah

Omani plastics firm Octal weighs $800m sale

The company is working with JPMorgan Chase & Co. as it considers selling a majority stake

UAE reports 2,127 Covid-19 cases; nationwide count scales past 600,000

The death toll has risen to 1,734

Dubai’s Emirates Group reports $6bn annual loss, records first non-profitable year in over three decades

The group reduced the strength of its total workforce by nearly a third to 75,145 employees

Elias Aad mastercard

Why smart cities are important to the UAE

Making well-informed data-based decisions around development policy accelerates local business, drives trade, and enables job growth

ADNOC awards $510m contract to expand Shah Sour Gas plant capacity

Over 50 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

Dubai’s Damac appoints new chairman, forms committee to assess Sajwani’s offer

Hussain Sajwani resigned as its chairman last week after his investment firm offered to acquire 100 per cent of Damac

EAGL Mini Series

All you need to know about Dubai’s upcoming Emirates Amateur Golf League Mini-Series

Nick Tarratt will be the tournament director for the EAGL Mini-Series which will be held at the Fire course at Jumeirah Golf Estates on June 20

Kuwait city

Covid-19: Indian variant detected in Kuwait – health ministry

No details were revealed about how many cases were detected and whether they were found among citizens or expats