Plastic ban

What you need to know about Dubai’s ban on single-use plastic: Fines and exemptions

The aim of the plastic ban is to mitigate plastic waste and instigate a shift towards recycling practices

MEYDAN-RACECOURSE-DUBAI WORLD CUP-WAM

Dubai World Cup 2024: Watch live stream from Meydan Racecourse

Elite horses from around the globe vie for victory at the one of the world’s richest horse race

This is how UAE fuel prices have fared in the last 14 months

In the UAE, fuel prices have steadily risen month-on-month for Special 95, Super 98 and EPlus 91 in 2024 thus far

Oman puts 103 countries on visa-free list Image Getty Images

Oman’s fiscal future brightens as S&P boosts outlook to positive

The ratings agency expects Oman’s real GDP to expand by about 2 per cent per year on average during the 2024-2027 period

Saudi Arabia - FDI

Saudi FDI inflows rise 16% for Q4 2023

The kingdom hopes to attract $100bn in FDI by 2030 to boost non-oil gross domestic product

Huawei

Huawei continues rebound with strongest earnings growth since 2019

While the company’s core ICT infrastructure business remained stable, its cloud business grew by more than a fifth, generating revenue of CNY55.3bn

online sale

Dubai’s ‘Great Online Sale’: Up to 95% off on major brands

From electronics to fashion, health and beauty to home and toys, discounts are being offered by some of the city’s favourite brands

The Red Sea

Red Sea International Airport to receive its first flight from Dubai

The Red Sea, envisioned to comprise 50 resorts upon full completion in 2030, represents a significant step towards realising Saudi Arabia’s Vision 2030 initiative

Gold

Gold regains its allure with record high prices on safe-haven demand

Gold logged its best month since July 2020, at a 9 per cent increase, and a second straight quarterly rise

Kuwait’s Agility plans to list operations and assets unit on ADX

Kuwait’s Agility Global plans to list on Abu Dhabi’s ADX

The logistics major will remain the majority shareholder in its subsidiary following the listing, with a 51 per cent stake

Oman mobile internet coverage

New Financial Services Authority established in Oman to regulate services

The implementing regulations setting out the FSA’s roles and responsibilities and other specific details are expected to be published soon

Etihad Rail, BEEAH Group ink waste management deal

Etihad Rail signs waste management deal with BEEAH Group

The rail developer said BEEAH Tandeef will apply circularity principles when recycling certain waste, converting it into fertiliser for local agricultural use

Riyadh Saudi Arabia

Saudi unemployment rate down to 4.4% in Q4 2023

The rate of unemployment, for both Saudi nationals and expats, decreased in the last quarter of 2023 indicating job creation in the economy

UAE reportedly considering 10-year golden business licences

UAE reportedly considering 10-year golden business licences

The new trade licences are expected to increase government revenue, ensure business continuity, and promote economic growth

Louvre

Louvre Abu Dhabi draws over 1.2 million visitors in 2023

Since its opening in 2017, the Louvre Abu Dhabi has not only attracted art enthusiasts and collectors but also positioned the emirate as a global cultural hub

The 2023 Dubai World Cup

Dubai World Cup closing ceremony: 4000 drones and fireworks on display

The Dubai World Cup provides a truly global stage upon which the best horses in the world come to compete every year

TAQA, JERA to build cogeneration plant in Saudi Arabia

TAQA, JERA to build cogeneration plant for Saudi Arabia’s SATORP

The petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region

Oman

Oman launches $5.2bn ‘future fund’ to drive economic development

By focusing on critical areas, the ‘Future Fund Oman’ aims to revitalise the country’s economic pillars and propel sustainable growth

Modern Mills Company starts trading on tadawul after successful IPO GettyImages-1057624978-e1636003123118

Modern Mills Company debuts on Tadawul; IPO generated $40bn in orders

The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital

Kuwait eid break

Kuwait announces 5-day Eid al Fitr holiday

Those employed in the public sector will be off for Eid Al Fitr from Tuesday, April 9 to Thursday, April 11

Opec+ oil output policy

OPEC+ unlikely to move oil output before June meeting

This year, international oil prices have been strong, with Brent holding above $80 a barrel

home mortgage offers - Huspy, Holo

Huspy versus Holo: Mortgage offers under 4% for homebuyers

Driven by technology, various platforms are offering an interface that is secure and transparent, along with financing options from multiple lenders

DUBAI-WORLD-CUP - HORCE RACE - $12M PURSE

All you need to know about the Dubai World Cup: Races, stakes, and dress code

A highlight in the sporting and social calendar, this meet is considered one of the world’s most spectacular race days

GCAA introduces CARDS system to help cargo sector GettyImages-692496282

UAE’s new cargo data reporting system is primed to support providers

The platform will furnish an analytical overview of air cargo movements within, to and from the UAE

Dubai ALEC IPO on the cards

Dubai considers IPO for ALEC amidst property boom: Reports

Investment Corporation of Dubai is said to consider listing ALEC

Brent oil price forecast Bloomberg GettyImages-1384536093

Oil market sees frenzy of hedge fund buying as traders turn bullish: Opinion

In a sign of how bullish investors were becoming most buying came from the creation of new long positions

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi unveils new Dhs3.5bn residential project for citizens

The Yas Canal project in Abu Dhabi will comprise 1,146 residential villas for UAE Nationals and is scheduled for completion in Q4 2027

EMIRATES - Sir Tim Clark is backing Boeing-Spirit merger

Emirates’ Sir Tim Clark urges Boeing to prioritise safety in CEO search – FT

Clark’s remarks underscore the growing pressure on Boeing to address its governance and safety concerns effectively

RTA to open co-working space at Burjuman metro station

Dubai’s RTA pilots co-working space at Burjuman Metro Station

The co-working space offers seamless accessibility via the metro and other public transport modes, obviating the need for a car

QatarEnergy-sign time-charter deal with for 25 LNG vessels Image QatarEnergy

QatarEnergy, Nakilat ink time-charter deal for 25 LNG vessels

Under the 15-year time-charter party agreements, Nakilat will charter out the vessels to affiliates of QatarEnergy, facilitating the seamless transportation of LNG to key destinations worldwide