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du

UAE telecom operator du’s half-year profits top 54%

du’s postpaid customer base grew by 11.3 per cent to reach 1.7 million subscribers

DEWA commissions 8 new transmission substations

DEWA invests Dhs1.36bn in 8 new 132/11 kV transmission substations

The projects included 89 km of ground cable to advance the efficiency of the transmission network and meet the growing demand for electricity

UAE-MAURITIUS CEPA

UAE, Mauritius sign comprehensive economic partnership agreement

The UAE-Mauritius CEPA is set to deepen trade and investment ties, and streamline market access for businesses, in both countries

Carrefour celebrates Plastic Free July, encourages shoppers to develop sustainable shopping habits

How Carrefour is encouraging shoppers to go ‘plastic free’

Starting July 3, which coincided with International Plastic Bag Free Day, Carrefour eliminated the use of plastic bags every Wednesday across all its stores

Boeing delays impede flydubai’s expansion plans

Dubai’s flydubai says expansion plans hindered by Boeing delays

The budget carrier urged the US manufacturer to honour and renew its commitment to meet its delivery obligations

India further tighthens rice shipments -Getty Images-653903198

GCC food market to benefit as India plans to ease rice export curbs

New Delhi exports more than 4 million metric tons of premium long-grain rice to countries such as Iraq, Saudi Arabia, the UAE and the US

ADCB posts 20% rise in quarterly net profit, beats forecasts

In its Q2 2024 financial results, ADCB reported significant growth driven by increased net interest and non-interest income

OPEC

OPEC+ unlikely to change oil output policy at upcoming meet, sources say

OPEC+ is currently cutting output by about 5.7 per cent of global demand, in a series of steps agreed since late 2022

GEMS Education secures $3.25bn financing facility

Dubai’s GEMS Education secures $3.25bn new financing facility

Dubai Islamic Bank, Mashreq Bank, Abu Dhabi Commercial Bank and First Abu Dhabi Bank acted as underwriters on the financing facility

IT MICROSOFT-BDOS

World’s ‘biggest IT fail’ in numbers: Billions lost, millions of devices impacted, thousands of flights hit

The outage affected major companies including Amazon, Delta Airlines, Bank of America, and Visa among others

Dubai’s RTA announces Dhs1.1bn deal for low-emission buses

Dubai’s RTA announces Dhs1.1bn deal for low-emission buses

The buses meet the European low carbon emission standards (Euro 6) and are set to be delivered in 2024 and 2025

climate

‘It feels like 62°C’: Humidity intensifies heatwave in Dubai, Kuwait

Official temperatures in recent days have hovered above the 40°C mark, but the so-called ‘feels like’ temperature has reached 62°C

Abu Dhabi real estate market trends for H1 2024 according to Bayut's findings Image_Getty Images

Abu Dhabi property market soars in H1 2024, shows new report

According to Bayut’s report, Abu Dhabi real estate market demonstrated a strong performance in H1 2024, making it an attractive option for local and international investors

Masdar Raises USD1 Billion Through Second Green Bond to Fund New Global Renewables Projects

Masdar raises $1bn through second green bond issuance

Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times

Emiratisation UAE

Latest: UAE’s MoFA says services back on after Microsoft outage

The TDRA warned users of the global IT outage and said it is closely monitoring the developing situation

Kuwait - jet fuel

Airports, flights hit by global Microsoft outage

The Germany capital city airport’s halt in operations comes as carriers, media companies, banks and telecoms firms around the world report system outages

Sheikh Hamdan

Sheikh Hamdan, Sheikh Abdullah sworn in as new deputy prime ministers: Watch

The ceremony took place at Qasr Al Watan in Abu Dhabi

rain seeding tech_UAEREP launches 5th grant cycle with US university MTU Getty Images/ For illustrative purposes

Cloud seeding tech: UAEREP’s 5th grant cycle project launches

The new grants cycle will focus on five key areas, including enhanced seeding materials and rain enhancement systems

Danube - Bollywood Actress Chitrangada Singh Randhawa

Chitrangada Singh joins Danube’s Milano as brand ambassador

Singh has appeared in previous collaborations with Danube group founder and chairman Rizwan Sajan, for promoting their real estate offerings, in the UAE

Gold

Gold clings to record high on growing US rate-cut bets

Over the next six to 12 months, Citi expects gold to rise $2,700-$3,000 per ounce and silver to climb $38 per ounce

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project Image courtesy NEOM for illustrative purposes

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project

In line with the partnership with Eversendai, Emirates Steel will supply premium steel beams for the construction of the ski village

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.