Oman

Oil tanker capsizes off Oman’s coast

The Oman News Agency stated that the tanker capsized 25 nautical miles southeast of Ras Madrakah, near Duqm

kuwait

Kuwait announces ‘giant’ oil discovery

The initial estimated area of the newly discovered oil well is around 96 square kilometres

UAE and Nigeria

UAE resumes visa issuance to Nigerians

The development follows the resumption of flights between the two countries in May, which were halted for over two years, due to a payment backlog

RENEWABLE ENERGY

China’s Sungrow inks deal with Saudi’s Algihaz for energy storage project

The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia’s power grid.

Marking 75 Years: The life and achievements of Sheikh Mohammed

His Highness Sheikh Mohammed bin Rashid Al Maktoum turned 75 on Monday, 15 July 2024.

AMAZON PRIME DAY

5 things to know about Amazon’s longest ever Prime Day sale in the UAE

Prime members in the UAE will have access to an extensive range of deals from top local and international brands

DIFC Courts sets new record with AED 15 billion in claims in H1 2023 Image: DIFC Courts

These sectors are turning to DIFC Courts to resolve disputes

More disputes are being heard by the DIFC Courts, while its digital adoption continues to accelerate.

Airbus helicopters in KSA

Airbus trims its demand forecast for Middle East

After a prolonged lull, demand for larger wide-body planes is accelerating sharply as airlines renew capacity, impacting Airbus’ forecast for the long-haul fleet

Saudia-Grp-1

Saudi’s investment ministry and Saudia Group sign deal to boost investment

The agreement aims to provide a slew of benefits tailored for global companies seeking to relocate to the kingdom

China

China willing to strengthen trade with Saudi, commerce minister says

Yasir Al Rumayyan met with high-level officials in China including the minister of commerce and Beijing’s mayor

Donald Trump

Tech CEOs, markets react to Trump shooting

World leaders, US politicians, and tech CEOs condemned the shooting, while some including Tesla chief Elon Musk declared support for Trump in the upcoming elections

Cybercrime laws Image Getty Images

UAE cabinet reshuffle: here’s what you need to know

The UAE has two new deputy prime ministers following the announcement on Sunday

Saudi Arabia to host inaugural Olympic Esports Games, IOC says

Saudi Arabia to host inaugural Olympic Esports Games, IOC says

The agreement between the parties will be ratified at the IOC Session, which will be held on the eve of the Olympic Games in Paris

Emaar’s Dubai Mall attracts 57 million visitors in H1 2024

Emaar’s Dubai Mall attracts 57 million visitors in H1 2024

The mall recorded a growth in retail sales in the first six months of 2024, ranging from 8 to 15 per cent higher than the same period last year

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