MAERSK-VESSELS

Maersk sounds alarm: Red Sea disruptions ripple across global shipping

Red Sea shipping disruptions having a ‘cascading impact’ said the shipping giant

INDONESIA-UAE-VISIT

Indonesian President Joko Widodo begins UAE state visit to strengthen bilateral ties

This state visit marks the one-year anniversary of the CEPA, which was signed in July 2022, and took effect a year later

ADGM

Abu Dhabi’s ADGM announces major licence fee reduction for multiple sectors

The revised fee structure will apply to all categories of licences and will be effective from the start of next year

Broaden energy to build green hydrogen equipment manufaturing facility in Abu Dhabi GettyImages-1340022435 Image for illustrative purposes

Aramco picks up 50% stake in APQ’s blue hydrogen business

The kingdom wants to be the world’s biggest supplier of hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud said in 2021

Saudia

Saudia Airlines sees no delays to Airbus jet deliveries

State-owned parent Saudia Group had placed an order for 105 narrow-body Airbus planes in May

UAE-GULF-STOCKS-MARKET

Top stocks in Q2 2024: UAE retail investors choose AI over Big Tech

Amongst the most held stocks, Q2 saw a significant shift in the rankings, with NVIDIA rising to become the second-most popular stock on the eToro platform, behind only Tesla

Oman

Oman mosque shooting: Death toll climbs as UAE condemns attack

Police have confirmed that four people were killed and several others injured following the incident.

saudi arabia - Vision 2030 - IMF

IMF revises Saudi GDP growth down on oil cuts

The IMF now projects Saudi Arabia’s GDP growth to be 1.7 per cent this year, a reduction of 0.9 percentage points from its April forecast

This futuristic PIF-Backed stadium is set to open in 2032

A subsidiary of Saudi Arabia’s Public Investment Fund (PIF) has unveiled designs of Riyadh’s New Murabba Stadium.

GB Awards

Call for nominations: Gulf Business Awards 2024

We are now accepting nominations for the 12th edition of the Gulf Business Awards 2024

Oman’s Hydrom signs green hydrogen projects worth $11bn

16 crew missing after oil tanker capsized near Oman

Omani authorities conducted a search-and-rescue operation at the scene in coordination with maritime authorities,

AI

AI Appreciation Day: The Path forward for GenAI

Transparency is essential for AI applications, as it enables users to comprehend how AI systems reach their conclusions

Abu Dhabi GDP

Abu Dhabi GDP growth hits 3.3% in first quarter of 2024

Non-oil activities now contribute 54.1 per cent to Abu Dhabi’s economy—the highest since 2015

Dubai among top cities to see high growth in prime residential property in 2024

Top 5 most sought-after residential areas in Dubai right now

In June, Dubai’s real estate market recorded 13,436 sales transactions, marking a 43.4 per cent increase year on year.

WATCH: Dubai Police seize 640 bicycles, e-scooters from reckless riders

The impoundments were part of a traffic campaign launched by Dubai Police at the start of the month.

ADNOC to start production at Ras Al Sadr gas field

ADNOC Gas awards $550m contracts to expand UAE gas infrastructure

The project will extend ADNOC Gas’ natural gas pipeline network in the UAE by about 300 kilometres

Oman

Oil tanker capsizes off Oman’s coast

The Oman News Agency stated that the tanker capsized 25 nautical miles southeast of Ras Madrakah, near Duqm

kuwait

Kuwait announces ‘giant’ oil discovery

The initial estimated area of the newly discovered oil well is around 96 square kilometres

UAE and Nigeria

UAE resumes visa issuance to Nigerians

The development follows the resumption of flights between the two countries in May, which were halted for over two years, due to a payment backlog

RENEWABLE ENERGY

China’s Sungrow inks deal with Saudi’s Algihaz for energy storage project

The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia’s power grid.

Marking 75 Years: The life and achievements of Sheikh Mohammed

His Highness Sheikh Mohammed bin Rashid Al Maktoum turned 75 on Monday, 15 July 2024.

AMAZON PRIME DAY

5 things to know about Amazon’s longest ever Prime Day sale in the UAE

Prime members in the UAE will have access to an extensive range of deals from top local and international brands

DIFC Courts sets new record with AED 15 billion in claims in H1 2023 Image: DIFC Courts

These sectors are turning to DIFC Courts to resolve disputes

More disputes are being heard by the DIFC Courts, while its digital adoption continues to accelerate.

Airbus helicopters in KSA

Airbus trims its demand forecast for Middle East

After a prolonged lull, demand for larger wide-body planes is accelerating sharply as airlines renew capacity, impacting Airbus’ forecast for the long-haul fleet

Saudia-Grp-1

Saudi’s investment ministry and Saudia Group sign deal to boost investment

The agreement aims to provide a slew of benefits tailored for global companies seeking to relocate to the kingdom

China

China willing to strengthen trade with Saudi, commerce minister says

Yasir Al Rumayyan met with high-level officials in China including the minister of commerce and Beijing’s mayor

Donald Trump

Tech CEOs, markets react to Trump shooting

World leaders, US politicians, and tech CEOs condemned the shooting, while some including Tesla chief Elon Musk declared support for Trump in the upcoming elections

Cybercrime laws Image Getty Images

UAE cabinet reshuffle: here’s what you need to know

The UAE has two new deputy prime ministers following the announcement on Sunday

Saudi Arabia to host inaugural Olympic Esports Games, IOC says

Saudi Arabia to host inaugural Olympic Esports Games, IOC says

The agreement between the parties will be ratified at the IOC Session, which will be held on the eve of the Olympic Games in Paris

Emaar’s Dubai Mall attracts 57 million visitors in H1 2024

Emaar’s Dubai Mall attracts 57 million visitors in H1 2024

The mall recorded a growth in retail sales in the first six months of 2024, ranging from 8 to 15 per cent higher than the same period last year