WO-RK, the new co-working space at Burjamn Metro opens Launch Image Co-Spaces

Great reasons to go to WO-RK@Burjuman Metro

The newly-opened co-working space, situated within the bustling Burjuman metro station, offers accessible, affordable workspaces to entrepreneurs

Dar Global signs with Trump Organization to build Trump Tower Dubai

Dar Global to build Trump Tower Dubai, marks third collab in region

This is the developer’s third collaboration with the Trump Organization

UAE to build 10 hospitals to offer critical care, aligns with global initiative

UAE to build 10 hospitals to offer critical care, aligns with global initiative

Part of the Zayed Humanitarian Legacy Initiative, the ambitious project will see a financial investment of nearly $150m (Dhs550m) over the next decade

Emirates Boeing 777

Emirates SkyCargo places $1bn Boeing 777 freighters order

Emirates said the introduction of the new freighters will boost available main deck cargo capacity by 30 per cent

Sanad Facility -Mubadala owned Sanad reports robust growth in H1 2024

Sanad growth soars in H1, expects revenue to hit Dhs4.5bn by year-end

Sanad projects a significant jump to Dhs4.5bn by year-end, reflecting a 28 per cent increase over 2023 and double the revenue of 2022

UAE

UAE President Sheikh Mohamed bin Zayed announces “Union Pledge Day” on July 18

Union Pledge Day joins the ranks of other national occasions in the UAE, including Union Day, Flag Day, and Commemoration Day

Abu Dhabi

5 reasons why Abu Dhabi and Dubai feature in world’s top smart cities index

The UAE capital climbed three places to secure 10th position, while Dubai also improved its standing, moving from 17th to 12th place among 142 cities worldwide

Shari’ah-compliant firm GII finalises investment in GEMS education. Image for illustrative purposes

Shari’ah-compliant firm GII finalises investment in GEMS education

GII, with over $4.5bn in assets under management, marks this investment as the second collaboration with Brookfield this year

US startup Plenty lands $680m deal for indoor farms in UAE

The new UAE farm aims to produce over 4.5 million pounds of premium strawberries for local consumption and export within the GCC.

‘Prioritise the fundamentals when investing', says SJP's Martin Hennecke

‘Prioritise the fundamentals when investing’, says SJP’s Martin Hennecke

St. James’s Place’s (SJP) head of Asia and Middle East Investment Advisory offers a strategic perspective on investments, the importance of diversification and the firm’s foray into Dubai

Dubai real estate pioneer Alex Zagrebelny on his wellbeing vision

Alex Zagrebelny is moving quickly with planning Eywa, the world’s first wellbeing focused building, located in the Dubai Water Canal in Business Bay.

INDONESIA

Indonesia and UAE forge $3bn tourism development deal

The MoU, effective for one year with the possibility of extension, does not specify a fixed timeline for the $3bn investment

UAE-INDONESIA-TIES-WAM

UAE and Indonesia strengthen ties during high-level meet in Abu Dhabi

President Widodo was awarded the Order of Zayed, the UAE’s highest civilian honour, during a ceremony at Qasr Al Watan in Abu Dhabi

Ethiopia

UAE, Ethiopia sign currency swap agreement

Under the deal, the CBUAE and NBE will also collaborate on payment platform services and electronic switches

MAERSK-VESSELS

Maersk sounds alarm: Red Sea disruptions ripple across global shipping

Red Sea shipping disruptions having a ‘cascading impact’ said the shipping giant

INDONESIA-UAE-VISIT

Indonesian President Joko Widodo begins UAE state visit to strengthen bilateral ties

This state visit marks the one-year anniversary of the CEPA, which was signed in July 2022, and took effect a year later

ADGM

Abu Dhabi’s ADGM announces major licence fee reduction for multiple sectors

The revised fee structure will apply to all categories of licences and will be effective from the start of next year

Broaden energy to build green hydrogen equipment manufaturing facility in Abu Dhabi GettyImages-1340022435 Image for illustrative purposes

Aramco picks up 50% stake in APQ’s blue hydrogen business

The kingdom wants to be the world’s biggest supplier of hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud said in 2021

Saudia

Saudia Airlines sees no delays to Airbus jet deliveries

State-owned parent Saudia Group had placed an order for 105 narrow-body Airbus planes in May

UAE-GULF-STOCKS-MARKET

Top stocks in Q2 2024: UAE retail investors choose AI over Big Tech

Amongst the most held stocks, Q2 saw a significant shift in the rankings, with NVIDIA rising to become the second-most popular stock on the eToro platform, behind only Tesla

Oman

Oman mosque shooting: Death toll climbs as UAE condemns attack

Police have confirmed that four people were killed and several others injured following the incident.

saudi arabia - Vision 2030 - IMF

IMF revises Saudi GDP growth down on oil cuts

The IMF now projects Saudi Arabia’s GDP growth to be 1.7 per cent this year, a reduction of 0.9 percentage points from its April forecast

This futuristic PIF-Backed stadium is set to open in 2032

A subsidiary of Saudi Arabia’s Public Investment Fund (PIF) has unveiled designs of Riyadh’s New Murabba Stadium.

GB Awards

Call for nominations: Gulf Business Awards 2024

We are now accepting nominations for the 12th edition of the Gulf Business Awards 2024

Oman’s Hydrom signs green hydrogen projects worth $11bn

16 crew missing after oil tanker capsized near Oman

Omani authorities conducted a search-and-rescue operation at the scene in coordination with maritime authorities,

AI

AI Appreciation Day: The Path forward for GenAI

Transparency is essential for AI applications, as it enables users to comprehend how AI systems reach their conclusions

Abu Dhabi GDP

Abu Dhabi GDP growth hits 3.3% in first quarter of 2024

Non-oil activities now contribute 54.1 per cent to Abu Dhabi’s economy—the highest since 2015

Dubai among top cities to see high growth in prime residential property in 2024

Top 5 most sought-after residential areas in Dubai right now

In June, Dubai’s real estate market recorded 13,436 sales transactions, marking a 43.4 per cent increase year on year.

WATCH: Dubai Police seize 640 bicycles, e-scooters from reckless riders

The impoundments were part of a traffic campaign launched by Dubai Police at the start of the month.

ADNOC to start production at Ras Al Sadr gas field

ADNOC Gas awards $550m contracts to expand UAE gas infrastructure

The project will extend ADNOC Gas’ natural gas pipeline network in the UAE by about 300 kilometres