Tristar pulls Dubai IPO as investors push back on valuation

Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market

Kuwait asks banks to employ citizens in top leadership positions

Banks will have until the end of 2023 to implement the changes

Covid-19 update: UAE reports 1,798 cases, 4 deaths

The death toll has risen to 1,541

Ten startups graduate from 2021 Techstars Hub71 accelerator programme in Abu Dhabi

Participating startups hope to secure a total of $15m in funding

Dubai’s ENOC Group opens two new service stations in Sharjah

There are now seven ENOC service stations in Sharjah

Arabian Travel Market to host its 2021 edition as in-person event in Dubai

The event is scheduled to take place at the Dubai World Trade Centre between May 16-19, 2021

Revealed: Top 5 most powerful Arabs in Qatar

The highest ranked Arabs originating from Qatar in Gulf Business’ annual Arab power list

Dubai Fertility Centre

Sheikh Hamdan inaugurates new building at Dubai Fertility Centre

Since its establishment in 1991, 5,099 babies have been born as a result of the treatment provided by the Centre

Empower

Dubai’s Empower awards contracts worth Dhs217m in Q1 2021

The contracts were awarded primarily for the development of company’s district cooling infrastructure in Dubai

sharjah-airport

New Covid-19 testing rule for passengers flying into Sharjah

Previously, Covid-19 test results had a validity of up to 96 hours

Covid-19 update: UAE reports 2,022 cases, 4 deaths

The nationwide case count has now risen to 487,697

Emirates Dubai Hong Kong Dhaka

Dubai’s Emirates suspends flights to Hong Kong, Dhaka

Outbound Emirates flights from Hong Kong will still operate as per their schedule

Revealed: Top 5 most powerful Arabs in the UAE

The highest ranking entries originating from the UAE in Gulf Business’ annual Arab power list 2021

Hope Consortium expands vaccine storage capacity, creates largest ‘freezer farm’ in UAE

The freezers are connected to Maqta Gateway’s digital blockchain-enabled solution, which tracks the journey of vaccines through the supply chain

Mubadala says it’s close to IPO of Emirates Global Aluminium

The company had planned an IPO in 2018 or 2019 but it was pulled after then-US President Donald Trump imposed tariffs on aluminum imports from the UAE

coronavirus covid-19

Covid-19: Oman running out of ICU beds for patients – report

The sultanate has announced several guidelines to curb the spread of the virus

Abu Dhabi oil giant ADNOC considers drilling, fertilizer IPOs

Deliberations on the potential listings are ongoing and no final decisions have been made

UAE salary

UAE to raise employee insurance premium for companies failing to pay salaries on time

The employee insurance policy coverage will be increased from Dhs120 to Dhs250 for companies that do not pay salaries on the due date

Dubai FDI

Dubai records Dhs24.7bn FDI in 2020

Dubai ranked fourth globally in FDI capital flows into greenfield projects

Finance House

For UAE SMEs: These business solutions simplify services and boost earnings

UAE-based Finance House’s ‘Rabeh Business’ suite of products aim to support small businesses via a wide range of offerings

UAE confirms the start of Ramadan from Tuesday

The announcement came after the crescent was sighted on Monday evening

Half of UAE workers prefer to work from home, Avaya study finds

Two-thirds of workers say they have the necessary technology to work from anywhere

Wizz Air Abu Dhabi initiates flights to three new destinations

They include two cities in Egypt and one in Europe

Covid-19 update: UAE reports 1,928 cases, 2 deaths

The nationwide case count has risen to 485,675

Revealed: Top 5 most powerful Arabs in Saudi Arabia

The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list

Emirates Sheraa

Emirates partners with Sharjah’s Sheraa to spur startup and entrepreneurship ecosystem

Emirates will offer discounted fares for attendees of the Sharjah Entrepreneurship Festival and to startups relocating to the UAE through Sheraa’s initiatives

Saudi forces destroy armed drones, missiles launched from Yemen

The Houthis have stepped up missile and drone strikes against Saudi Arabia in recent months

Emaar chief, Mohamed Alabbar, to chair new UAE digital bank

Zand aims to make banking quicker and simpler, via its digital offerings

Patek Philippe’s Sky Moon Tourbillon Ref. 5002

Christie’s Dubai sets new record for most expensive watch sold at auction in the Middle East

The Patek Philippe’s Sky Moon Tourbillon Ref 5002 also became the most expensive watch sold online by Christie’s worldwide

Sheikh Khalifa pardons 439 prisoners ahead of Ramadan

The ruler of Sharjah also pardoned 206 prisoners