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UAE Dubai four-day work week

Dubai to trial four-day work week for public sector employees

As part of ‘Our Flexible Summer,’ work will be suspended on Fridays, and the workday will be reduced to seven hours for the participating Dubai government entities

The World’s First Ferrari Esports Arena in August

Ferrari World Abu Dhabi to launch esports arena soon

The arena will feature 20 Grand Turismo simulators, including 17 adult seats and three seats tailored for younger guests

Image credit: Sourced from Emirates

Emirates’ first retrofitted Boeing 777 aircraft: In photos

Emirates currently operates its refurbished aircraft to 17 destinations including New York JFK and London Heathrow

Finastra's Siobhan Byron on addressing financial inclusion, agility

Finastra’s Siobhan Byron on addressing financial inclusion, agility

Siobhan Byron, EVP Universal Banking at Finastra, highlights the role of open ecosystems, cloud, SaaS, and AI in accelerating innovation

Abu Dhabi fund Mubadala’s assets surge to $302bn

UAE real estate market thrives in Q2 2024: Key highlights

The UAE real estate market’s continued growth across the emirates is being driven by strong economic fundamentals, government initiatives, and strategic investments, according to Asteco’s latest report

Abu Dhabi’s IHC reports 18% jump in first half profit

Abu Dhabi’s IHC reports 18% jump in first half profit

The holding firm’s financial position is backed by its total assets of Dhs362.9bn as of June 30

IHC launches Rorix Holdings GettyImages-1278411757

IHC’s new firm Rorix Holdings to accelerate trade

The new company will provide comprehensive services and advanced solutions designed to accelerate trade volumes, attract foreign investment, and promote economic partnerships

Dubai DXB airport passenger traffic surges by 8% in H1

Dubai’s DXB airport sees record year for passengers after 8% rise in H1

Dubai International Airport welcomed 44.9 million passengers in the first half of the year

ADNOC, Osaka Gas sign initial agreement for LNG delivery

Abu Dhabi’s ADNOC, Osaka Gas sign initial agreement for LNG delivery

The duo will work together to conclude a detailed sale and purchase agreement in the coming months

Schengen visa process to go digital from 2028

UAE residents flock to Europe: Schengen visa applications surge by 20%

The increase in visa applications coincides with the peak travel season, influenced by favourable European weather and major events such as the 2024 Paris Olympics

rain-abu dhabi

UAE: Weather alert issued by NCM as rain, dust storm hits emirates

The NCM warned motorists and residents to exercise caution in areas seeing heavy rainfall

Hargreaves Lansdown

Hargreaves Lansdown extends deadline for CVC, ADIA consortium to firm up takeover bid

Hargreaves Lansdown said talks with the consortium “remain ongoing”

inception launches Jais 70b LLM GettyImages-1495305831-e1710226804270

Democratising AI: Here’s how G42’s new LLM JAIS 70B will help

Developed through training on 370 billion tokens – 330 billion of which are Arabic – the new LLM represents the largest Arabic dataset ever used for an open-source foundational model

weather-uae-rains

UAE weather: Rain showers to cool down Eastern regions

The NCM forecasts the eastern and southern regions of the country will experience some rain showers, due to a ‘Intertropical Convergence Zone’

oil rig - Sidara - John Wood

Sidara shelves plans to buy UK’s Wood Group citing geopolitical risks

Sidara had received a deadline extension twice, over June and July, to make a final offer for Wood Group

ADNOC Drilling posts $295m in Q2 2024 net profit

Abu Dhabi’s ADNOC Drilling net profit rises 28% in Q2 2024

The company posted a quarterly net profit of $295m, a 28 per cent increase from $228m in Q2 2023

ADNOC Drilling JV to acquire EV Holdings for $45m

ADNOC Drilling, Alpha Dhabi venture to acquire EV Holdings for $45m

The acquisition marks Enersol’s third deal, bringing the company’s total commitments to approximately $550m

UAE visa amnesty scheme

UAE: What is the new visa amnesty scheme?

The upcoming amnesty will particularly support those who have remained in the UAE beyond the grace period

oil

Oil hovers at 8-month lows as US recession fears offset Middle East tensions

Brent crude oil futures inched down 4 cents, or 0.1 per cent, to $76.77 a barrel

Wio Bank’s CEO on banking in an era of evolving consumer needs

Wio Bank’s CEO on banking in an era of evolving consumer needs

Jayesh Patel says that the belief that neobanks struggle with profitability is a misconception while noting that digital banks can be profitable with a defined business objectives

Emirates Park Zoo and Resort

From vision to reality: The transformational journey of Emirates Park Zoo and Resort

The Emirates Park Zoo and Resort has evolved from being a modest petting zoo to being home to over 220 wildlife animals

How Prosper is driving growth in Dubai’s property market

Prosper Real Estate Intl’s Akram Kanso on growth in Dubai’s property market

The firm offers a full spectrum of services beyond lead generation and sales, including strategic planning

UAE central bank fines local bank Dhs5.8m for AML lapses

UAE central bank fines local bank Dhs5.8m for AML lapses

The central bank imposed the hefty fine after an examination found deficiencies in the bank’s AML/CFT policies and procedures

Antony-Blinken-Israel

Middle East tensions: US State Secretary Antony Blinken dials GCC counterparts

Blinken has spoken to his counterparts in Saudi Arabia, the UAE and Qatar as tensions have ratched up in the region, in recent days

Masdar, TotalEnergies to produce green hydrogen-to-SAF fuels in Abu Dhabi

Masdar, TotalEnergies to produce green hydrogen-to-SAF fuels in Abu Dhabi

The project seeks to help decarbonise hard-to-abate, emission-intensive sectors such as the aviation and maritime industries

Emirates Steel Arkan reports Dhs3.96bn in revenue for H1

Emirates Steel Arkan reports Dhs3.96bn in revenue for H1

Despite facing headwinds in both export and domestic markets, the group sustained a stable performance throughout the period

OPEC+ latest: Group meets against backdrop of uncertain market

OPEC+ sticks to oil policy, repeats could pause October hike

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said OPEC+ could pause or reverse the production hikes if it decided the market is not strong enough

Here's how Dubai Business Associates fosters entrepreneurship

Here’s how Dubai Business Associates fosters entrepreneurship

Surkhel Yousafzai, president of the DBA Alumni Association, delves into the strategic initiatives implemented by DBA to nurture entrepreneurship and innovation

Insights on elevating talent acquisition from ARC Talent's CEO Abdul-Rahman Risilia

Insights on elevating talent acquisition from ARC Talent’s CEO

Emiratisation offers the opportunity to tap into a pool of motivated local talent and contribute to national development goals, says ARC Talent’s Abdul-Rahman Risilia

Alpha dhabi reports H1 2024 results Image courtesy WAM

Alpha Dhabi reports Dhs6.7bn in net profit for H1 2024

Despite a decrease in total gains to Dhs2bn, attributed to the de-recognition of PureHealth in 2023 and the adoption of corporate tax in the UAE, the group’s overall net profit remained strong