GCC: How sustainable urban development can lead to smart city environments

Cities represent 54 per cent of the world’s population today, a figure which will grow to 70 per cent by 2050

Can GCC banks withstand further shocks due to the pandemic?

GDP growth in the GCC countries will slowly recover from last year’s sharp recession

Chemicals maker Sabic’s profit surges as economies reopen

Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter

Covid-19 update: UAE reports 1,961 cases, 4 deaths

The overall case count has risen to 518,262

UAE raises petrol prices for May 2021

The diesel price for next month has been reduced

Oman state oil firm to sell assets to fund $7.9bn spending

OQ is tapping the international bond market for the first time in an issuance aimed at raising at least $500m

UAE’s Environment Ministry to reduce or waive fees for 50 services from May 1

The fee for the permit to use the ‘Organic’ logo for organic products (previously Dhs5,000) will be waived

St Regis Downtown Dubai

Marriott to rebrand Renaissance Downtown Hotel to St. Regis Downtown Dubai

The newly rebranded property is expected to be ready by December 2021

Etisalat group

Etisalat Group reports Dhs2.3bn consolidated net profit for Q1 2021; up 7.9% y-on-y

Consolidated revenues amounted to Dhs13.2bn and consolidated EBITDA totalled Dhs6.8bn

National Bank of Fujairah reports 44.3% year-on-year dip in Q1 net profit

Its total assets reached Dhs39.1bn compared to Dhs39.9bn at 2020 year-end and Dhs43.3bn as at March 31, 2020

Air Arabia to resume flights to Moscow

The route will be operated four times per week using an Airbus A320 aircraft

Covid-19: UAE reports 1,710 cases, 2 deaths

The case count in the UAE stands at 516,301

Royal Commission for AlUla unveils $15bn opportunity for public-private partnerships

Upon completion, the wider development strategy for AlUla in 2035 aims to deliver 38,000 new jobs

How the loss of biodiversity requires relevance and attention

Biodiversity and climate change are deeply connected by the simple fact that our economy relies on natural capital

Saudi Arabia Alula

Saudi Arabia: How AlUla’s development reverberates a message of inclusion, sustainability and culture

The ‘Journey Through Time’ Masterplan is an enormous opportunity for the local residents

Saudi Crown Prince discusses Vision 2030, reveals plan to sell Aramco stake to energy firm

The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed

Hamdan Bin Rashid Cancer Charity Hospital Dubai

New cancer hospital in Dubai to provide free treatment for low-income patients

Sheikh Mohammed bin Rashid announced plans for the Hamdan Bin Rashid Cancer Charity Hospital which is expected to open in 2023

Dubai SME Ztartup

Dubai SME launches digital health business incubator Ztartup

The incubator provides two specialised programmes – one for business incubation and the other for business accelerators

Saudi Arabia destroys bomb-laden boat off Yanbu in Red Sea

An investigation is ongoing

Tiktok Abu Dhabi

Abu Dhabi tourism department partners with Tiktok

The tourism department has launched its Tiktok channel called Visit Abu Dhabi

Dubai’s Drake & Scull International bags contracts of over Dhs376m

DSI is also bidding for a Dhs260m project in Kuwait and for projects valued at Dhs1.49bn in Iraq

Saudi developer clinches $3.7bn green loan for The Red Sea Project

The financing is the first riyal-denominated credit facility to receive green financing accreditation

Covid-19: Ras Al Khaimah extends precautionary measures till June 8

Shopping malls are allowed to operate at 60 per cent capacity

Covid-19 update: UAE reports 2,094 cases, 5 deaths

The case count now stands at 514,591

Abu Dhabi, OCI said to pick banks for IPO of fertilizer venture

The company could be valued at about $7bn including debt in the listing

Saudi Aramco

Aramco weighs sale of stake in natural gas pipelines

The company is also conducting a strategic review of its upstream business

Kim Thompson, co-owner and managing director, RAW Coffee Company

The SME Story: Kim Thompson, co-owner and managing director of RAW Coffee Company

Raw Coffee Company imports specialty-grade green beans, roasts and supplies them to cafés, restaurants, offices and home connoisseurs

VFS Global Turkey Visa Application Centre Dubai

New Turkey visa application centre opens in Dubai

A Platinum Lounge service includes a personal chauffeur service to and from the visa application centre

Dubai registers 670 drunk driving cases in 2020

The Dubai Traffic Prosecution recorded a 41 per cent year-on-year decline in the number of traffic cases in 2020

Ajman Free Zone

Ajman Free Zone registered 1,717 new companies in 2020

Offshore companies comprised 11 per cent of the total number of new companies