Fertiglobe wins bid to supply renewable ammonia

Fertiglobe wins bid to supply renewable ammonia to EU

The company will begin with an initial supply of 19,500 tonnes in 2027, with a maximum contract value of $431m

Blockchain’s transformative impact on Islamic finance

Revolutionising Islamic finance: The transformative impact of blockchain technology

Blockchain offers significant benefits for Islamic finance, including enhanced transparency and the development of innovative financial products

FAB refutes reports of $5bn Yes Bank stake as “unfounded”

‘Unfounded’: FAB dismisses reports of Yes Bank stake purchase

The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank

Etihad Airways

Etihad transports 8.7 million passengers in H1 2024

Etihad had an operating fleet size of 92 aircraft in H1 2024 compared to 76 in the same period the previous year

Saudi retail growth in Riyadh

Riyadh leads Saudi retail space growth with 90% occupancy

A new report projects that Riyadh’s retail stock will expand by 28 per cent to 4.6 million square metres by 2026

Job search LinkedIn

7 ways to use LinkedIn’s AI tools to help in job hunting

LinkedIn has a suite of tools that leverage AI to aide job seekers and recruiters make the perfect match

Saudia passenger’s jumps by 24% in H1 2024

Saudia carries record 9 million passengers in H1 2024

The carrier operates a fleet of 144 aircraft, connecting Saudi Arabia with more than 100 destinations across four continents

UK GCC TALKS

New UK government to finalise FTA by end of 2024, says GCC secretary-general

The GCC Secretary-General’s London visit comes a week after the UK elected a new Labour government

ADGM unveils whistleblowing framework Image ADGM

ADGM’s new ‘whistleblowing’ framework to enhance market integrity

Entities within the centre are required to implement proportionate arrangements to support effective whistleblowing by May 31, 2025

Marjan Debuts La Mer by ELIE SAAB Residences in Ras Al Khaimah

Marjan unveils La Mer by ELIE SAAB Residences in RAK

La Mer by ELIE SAAB consists of three towers connected by an intricate design with a dual lobby and multiple on-site facilities

NATO

NATO to open first Middle East liaison office in Amman

The announcement coincides with NATO’s 75th anniversary celebrations in Washington

Diriyah awards $2bn contract for mixed-use district

Saudi Arabia’s Diriyah awards $2bn contract for mixed-use district

The contract was awarded to a joint venture to build educational institutions, cultural venues, offices and a luxury hotel

Emirates

Inside Emirates’ brand new $5m lounge at Jeddah airport: Photos

The new facility is the first and only dedicated Emirates lounge in the region outside of Dubai

Emaar showcases H1 highlights, focused on 'transforming communities'

Emaar showcases H1 highlights, focuses on ‘transforming communities’

Emaar Development recorded 30 project launches, resulting in the sale of 8,400 units in the first six months, reflecting a 56 per cent growth over H1 2023

Core42, AIREV unveil OnDemand AI operating system image: Getty IMages/ For illustrative purposes

Core42, AIREV unveil OnDemand AI operating system

OnDemand’s blend of advanced infrastructure and innovative AI solutions aims to transform AI application development and deployment, both regionally and globally

OPEC Fund approves over $500m in new global development support

OPEC holds firm on 2024 oil demand outlook, anticipates strong travel season

OPEC’s report points to an oil supply deficit in coming months

Lilium air taxi -X

Air taxi firm Lilium wins big order from Saudia: Reports

The eVTOL firm’s commercial order pipeline is over 780 aircraft

summer weather

UAE weather: 50.8 degrees C temperatures followed by hail, rain showers

The NCM issued a yellow alert in some areas of Abu Dhabi advising residents to remain vigilant when outdoors

Aramco set to raise $6bn from three-part bonds

Saudi Aramco set to raise $6bn from three-part bonds

Demand for the three tranches topped $31.5bn, drawing over $11bn for each of the 10- and 30-year tranches and more than $9.5bn for the 40-year bonds

DAMAC to invest $1bn in data centres, expand in Saudi

DAMAC Group ramps up AI investments with $50m Anthropic deal

The investments are part of the conglomerate’s broader strategy to advance digital infrastructure and support the tech transitions

food - Workers organise a watermelon stall at a fresh produce market in Dubai on March 21, 2023 ahead of the Muslim holy fasting month of Ramadan. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Dubai to develop ‘world’s largest’ fresh food hub

The planned logistics hub aligns with the Dubai Economic Agenda (D33), which aims to double the size of the emirate’s economy to $8.7tn, by 2033

Indonesia’s $2.35bn Sukuk listed on Nasdaq Dubai

Indonesia lists three sukuks worth $2.35bn on Nasdaq Dubai

The new listings bring the Southeast Asia nation’s total value of issuances listed on the exchange to $24.1bn

RTA

Watch: RTA unveils AI-powered detection system for Dubai’s roads

The smart vehicle boasts several advanced features that improve the detection of road conditions and the inspection of traffic diversions

Yasunori Ogawa CEO of Seiko Epson Group IMage: Supplied

Efficiency, innovation and precision power Epson’s success, says CEO

Seiko Epson Corporation’s CEO and president Yasunori Ogawa shares insights on its strategies, successes and plans, with a special focus on the Middle East market

Global energy firms take 40% stake in ADNOC LNG plant

ADNOC’s Ruwais LNG sells 40% stake to Shell, Total, BP, Mitsui

The state energy giant said it now has buyers lined up for 70 per cent of the plant’s 9.6 million-tonne annual production capacity

Saudi Arabia places order for four Airbus A330 MRTTs

Saudi Arabia turns to Airbus for four new military aircraft

The order includes a logistics support package with spare parts, training services and service support for the new four aircraft

combustion engine cars

Combustion engines aren’t going away anytime soon, says Saudi Aramco

The transition to EVs is creating an opportunity that Saudi Aramco aims to capitalise on

Nuisance cold callers to face Dhs150k fines in UAE from August 27

Errant telemarketers in the UAE will face steep fines if they fail to comply with a set of new federal regulations.

Ritz-Carlton Reserve to launch in UAE on Ramhan Island in 2029 Image: Supplied

First Ritz-Carlton Reserve in UAE to launch on this island

Ritz-Carlton Reserve currently includes only seven properties in destinations such as Saudi Arabia, Thailand, Indonesia, Puerto Rico and Mexico

Saudi Arabia raises $12.35bn from Aramco’s share sale

Saudi Arabia raises $12bn from Aramco’s share sale

The government sold a 0.64 per cent stake in Aramco last month, with an additional 154 million shares available for stabilising manager Merrill Lynch