Covid-19 update: UAE reports 1,847 cases, 2 deaths

The death toll in the UAE stands at 1,593

Asus ROG Zephyrus G15_GA503

Asus ROG launches Zephyrus G15 gaming laptop in UAE

The 15-inch notebook, available exclusively through Amazon in the UAE, is priced at Dhs6,999

Wizz Air Abu Dhabi to operate twice-weekly flights to Greece

Starting April 19, permanent residents of the UAE can enter Greece without being quarantined

UAE’s Transguard Group posts 86.2% dip in profit for FY20/21

The company posted revenue of Dhs1.87bn for FY 20/21

Aramex

Dubai-headquartered Aramex’s CEO Bashar Obeid resigns

He resigned on April 29 citing “personal reasons”

Oman’s first quarter deficit rises to $2bn

Public revenue was OMR1.82bn at the end of March

Seychelles pays $1 to acquire Etihad’s stake in its flag carrier

Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd

Rivian

Saudi Arabia considers starting homegrown electric-car maker

The project is linked to existing plans to build up automotive infrastructure in the country

Abu Dhabi Ports

Abu Dhabi Ports issues $1bn 10-year bond

The issuance was more than 4.5 times oversubscribed

Seha drive-through Covid-19 vaccination

New drive-through Covid-19 screening and vaccination centre opens in Al Ain

SEHA also announced the closure of its drive-through screening center in Al Masoudi effective Friday May 30, 2021

Food Tech Valley Dubai

Sheikh Mohammed launches Food Tech Valley in Dubai

It seeks to triple the UAE’s food production and will include a smart food logistics hub, R&D facilities as well as agricultural technology and engineering labs

How Middle East businesses can rise to the net-zero challenge

Banks and FI’s are in a position to play a key role in accelerating the transition to a low carbon economy

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