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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

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

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

GB Awards

Call for nominations: Gulf Business Awards 2024

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

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

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

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

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

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

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