JPMorgan, FAB poised to win roles on IPO of ADNOC drilling unit

ADNOC is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10bn

DDoS cyberattacks

Cyberattacks on UAE small businesses up 183% in 2020 – report

Help AG says that these attacks, known as Distributed Denial of Service, have affected businesses across sectors including oil, healthcare and telecom

Saudi Aramco’s profit soars in Q1 as crude prices rise

Brent crude has gained over 30 per cent this year to top $68 a barrel

saudi arabia coronavirus

Covid-19: Saudi warns of hefty fines, jail term and deportation for violators of quarantine rules

Fines ranging from SAR100,000 to up to SAR1m will be imposed on those found guilty of ‘spread rumours or false information’ on social media

Dnata Blue Aqua

Dubai’s dnata partners with Blue Aqua to boost food security in Singapore

Blue Aqua will upcycle organic waste from dnata’s catering and ground handling operations into alternative insect protein for aquafeeds

flydubai

Flydubai announces additional flights to Russia

It takes the Dubai-based carrier’s total operational network to over 80 destinations

Covid cases August 5

Covid-19 vaccines: Dubai opens direct appointment bookings at private healthcare facilities

The vaccine is available for free for Dubai residence holders, GCC nationals who have an Emirates ID and elderly residents above 60 who live in Dubai, but have a residency permit issued in another emirate

Covid-19 update: UAE reports 1,699 cases, 2 deaths

The overall case count in the UAE stands at 527,266

Anghami

UAE-based Anghami launches Live Radio feature

Anghami also plans to launch a Premium Live Radio feature in which users can send token and gifts to artists and creators

Dubai’s Emirates to reduce passenger flights to Pakistan between May 5-20

This decision is as per the latest government directive in Pakistan

Covid-19: UAE extends ban on travellers from India

Cargo flights will continue to operate between the two countries

Self-driving platform ekar integrates with CarPro to enable 500,000 rental cars

The partnership aims to enable car rental companies in over 40 countries to digitally rent their fleet using ekar Mobility OS

UAE Eid Al Fitr 2021 holidays

UAE announces Eid Al Fitr 2021 holidays

The holidays will be from 29th of Ramadan until the 3rd of Shawwal

Electromagnetic Compatibility

Abu Dhabi gets Arab world’s first electromagnetic compatibility labs

The facility includes three laboratories: an EMC semi-anechoic chamber, a pulsed power laboratory, and a low-noise emanation lab

Oman to stop accepting resignation of healthcare workers – report

The decision has been taken due to the increasing number of Covid-19 cases in the country

Saudi Arabia names former Aramco dealmaker as economy minister

The new minister, Faisal Alibrahim, had been vice minister of economy and planning since 2018

Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank posts 125% rise in Q1 net profit

Its revenue increased 3.3 per cent to Dhs1.33bn

Covid-19: Kuwait to impose travel ban on unvaccinated citizens as of May 22

On May 3, Kuwait reported 1,246 new Covid-19 cases and 12 related deaths over the preceding 24 hours

Covid-19: Oman issues new restrictions, bans Eid gatherings

All commercial activities to be banned throughout the day with effect ‪from Saturday, May 8 until the end of ‪Saturday, May  15

Abu Dhabi

Abu Dhabi records Dhs11.5bn real estate transactions in Q1 2021

The value of mortgages exceeded Dhs6.5bn generated from 2,092 transactions

Dubai Chamber TikTok

Dubai Chamber partners with TikTok to launch training programmes for SMEs and startups

The Dubai Chamber – TikTok Academy will offer a four-week educational programme to help businesses develop social media marketing strategies

Here are 10 ways you can give back during the last 10 days of Ramadan

With 10 days left until Eid Al Fitr, here’s how you can contribute to the community and the society 

UAE’s flydubai reports loss of $194m for 2020

The carrier reported total annual revenue of Dhs2.8bn ($773m) for 2020

Covid-19 update: UAE reports 1,772 cases, 3 deaths

The overall case count in the UAE stands at 525,567

Schlumberger-backed Arabian Drilling planning Saudi IPO

Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year

Dubai’s Hala appoints new CEO

Basil Hovakeemian replaces Clemence Dutertre who has become vice president of marketing for Careem

Abu Dhabi Murban crude set at $63.35 a barrel on June futures

The official selling price for Murban is determined based on futures trading on the ICE Future Abu Dhabi exchange

Saudi Arabia

Saudi Arabia to lift travel ban on citizens from May 17

Citizens under the age of 18 are permitted to travel, provided they submit an insurance policy approved by the Saudi Central Bank prior to doing so

Abu Dhabi National Energy Company TAQA

Abu Dhabi’s TAQA completes $1.5bn dual-tranche bond sale

Net proceeds from the sale of the notes will be used to repay outstanding debt

Abu Dhabi

Abu Dhabi updates Covid-19 testing and quarantine rules for vaccinated citizens and residents

The new rules effective Monday, May 3, require vaccinated citizens and residents to show proof of their jabs on the Alhosn app