G42

UAE’s G42 announces collaboration with global tech giant Qualcomm

G42 said it would be collaborating with Qualcomm Technologies to bring the high performance, low power Qualcomm Cloud AI 100 solutions to market

saudi arabia - riyadh - traffic fine discount

Saudi’s 50% fines discount: Here’s how drivers can benefit

Payment of fines can be made either in one lump sum or separately for each violation.

Dubai private school students holiday

UAE rains: Dubai’s KHDA, Sharjah urge flexible learning at schools

KHDA officials have been onsite at various schools to ensure readiness to receive students

OQ, France’s TotalEnergies to build an LNG hub in Oman

OQ, France’s TotalEnergies to build an LNG hub in Oman

The Marsa LNG project includes upstream gas production, a one million-ton-per-year liquefaction plant and a 300-megawatt solar plant

spinneys IPO to see 900 million shares listed image courtesy spinneys

Spinneys sets IPO price range, to make DFM debut on May 9

The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30

UAE banks to defer personal, car loan instalments for 6 months

UAE floods: Banks to defer personal, car loan installments for 6 months

The central bank said banks will not impose additional fees, interest or profits for loan repayment deferrals

Aramco in talks to acquire 10% stake in China’s Hengli Petchem

Aramco plans to bolster China investments with 10% stake in Hengli Petchem

The potential deal aligns with the energy firm’s strategy to expand its downstream presence in key high-value markets

Dubai

UAE rains: Which free repair services are Dubai developers offering?

This initiative, spearheaded by Sheikh Hamdan, aims to alleviate the effects of the storm and facilitate the restoration of normalcy in affected communities

Sheikh Hamdan orders early payment of Dubai govt employees’ salaries

UAE floods: Sheikh Hamdan orders early payment of Dubai govt employees’ salaries

The early disbursement is aimed at helping employees manage their family needs and ensuring their well-being during the current period

sharjah traffic

Sharjah drops traffic fines for rain violations, issues free damage certificates

Submerged roads and rising floodwaters forced hundreds of residents to abandon their vehicles, navigating through murky waters to seek safety

UAE - WEATHER - RAIN-NCEMA

UAE weather: More rains from Monday forecasts NCM

Dubai is expected to receive minimal rainfall with partly cloudy conditions on most days this week

PIF agrees to acquire 51% stake in stc Group’s tower company

Saudi Arabia’s PIF, stc Group to create region’s largest tower company

The deal is subject to regulatory approvals and it is expected to be closed in the second half of 2024

Recycling plastic

Global plastic treaty talks: What do countries and companies want?

The treaty is meant to address plastics through their entire lifecycle – from when they are produced, to how they are used and then disposed of

ADCB’s brand value soars to Dhs10.5bn in 2023

UAE bank ADCB’s brand value soars to Dhs10.5bn in 2023

The bank moved up four places to rank 109th in Brand Finance’s top 500 banking brands globally

Oil

Ample oil supplies limit impact of Middle East tensions on prices

The weakening signs in physical markets have been driven by peak refinery maintenance, extra supply from the US, and a recovery from outages at some producers

British airways resumes service to Abu Dhabi after four years Image Supplied

British Airways resumes service to Abu Dhabi after four years

The new daily service caters to the growing demand for further flights connecting the global tourism and business hubs of London and Abu Dhabi

Dubai ratifies bad weather mitigation initiatives

Dubai greenlights initiatives to mitigate impact of severe weather

Sheikh Hamdan directed the Dubai Land Department to coordinate with property developers to expedite the restoration of normalcy

Dubai airport departure operations improving steadily, says CEO

Dubai Airports’ Paul Griffiths says departures improving steadily

To reduce congestion, the airports operator advised travellers against arriving too early at Dubai International Airport to avoid overcrowding

Emirates, flydubai restore regular flight schedules

Emirates, flydubai return to normal schedule from Dubai airport

Emirates has put together a task force to sort, reconcile and deliver some 30,000 pieces of left-behind baggage to their owners

EMIRATES - Sir Tim Clark is backing Boeing-Spirit merger

OPEN LETTER: Sir Tim Clark on UAE’s record-breaking storms

Emirates’ has had to revise schedules and curtail some services to accommodate the backlog that was caused by the disruption

Abu Dhabi GDP

Abu Dhabi sees strong non-oil trade growth amid diversification push

The latest data from the statistics authority shows that non-oil foreign trade grew by more than Dhs281.9bn in 2023

Airlines suspend flights due to Middle East tensions

Global airlines suspend flights on Middle East tensions

The ongoing geopolitical tensions have narrowed options for planes navigating between Europe and Asia

RTA, Dubai Municipality intensify clean up operations after storm

RTA, Dubai Municipality intensify clean up operations after storm

The two entities have taken steps to minimise disruptions across the city, including clean up operations and rerouting traffic

Emaar to repair rain hit homes in its communities for free Image Emaar

Emaar to repair homes affected by severe weather for free

The developer said it will cover all costs for repairs of homes within its communities affected in Dubai, ensuring residents face no financial burden

Dubai Airports

Dubai Airports limits arrivals: Air India, Emirates and flydubai revise flight schedules

Over 1,632 flights have been cancelled since the torrential downpour, on April 16, that brought Dubai to a standstill

Emirates, Boeing partner to advance aircraft maintenance

Dubai’s Emirates halts check-in for connections after bad weather

The suspension is aimed at supporting operations recovery at Dubai International Airport as the travel hub continues to struggle to clear a backlog of flights

oil

Oil prices near $90 as Middle East tensions rise

The geopolitical risk premium in oil prices had been unwinding this week on the perception that the US could ensure tensions were managed

UAE signs bilateral trade deal with Colombia

UAE, Colombia sign a bilateral trade agreement

The trade pact follows a significant increase in bilateral non-oil trade between the two countries, which reached a record $53.1m in 2023

Oman

Oman trade deal a priority for India: Reports

The trade ministers of India and Oman met in December 2023 and had asked their negotiators to wrap up talks on a comprehensive pact

NCM forecasts more rain across the UAE next week

UAE weather: More rain expected across Emirates next week

The country is expected to experience light to moderate rainfall, which could be heavy in some areas