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UAE weather rain summer temperatures

UAE weather: Temperatures soar to 49.5 degrees C, light rain offers brief respite

Residents and visitors are advised to stay hydrated, avoid prolonged exposure to the sun, and seek shelter during peak heat hours

Oil prices surge after OPEC + extends output cuts

Oil funds temper bearishness after OPEC+ reassurance

Inventories of both gasoline and diesel have been rising relative to the seasonal trend in the US, and consumption growth for oil remains tepid across major markets

Brookfield-led consortium to invest in GEMS Education

Brookfield-led consortium agrees to invest in Dubai’s GEMS Education

The investment will allow CVC Capital Partners to substantially exit its GEMS stake five years after it bought into the firm

Goldman Sachs sees oil demand growing until 2034

OPEC sees no peak oil demand long term, secretary general says

OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand

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

Broaden Energy to set up Dhs1bn hydrogen equipment facility in Abu Dhabi

The UAE aims to rank among the top 10 producers of green hydrogen globally by 2031, with a production target of 1.4 million tonnes annually

Federal authorities to support AGWA cluster GettyImages-Tatian-Dolgova-1258165850-1

Abu Dhabi: Federal regulators unite to bolster new AGWA cluster

The AgriFood Growth & Water Abundance cluster aims to play a leading role in global efforts to tackle food shortages and water scarcity

ACI Worldwide's Santhosh Rao showcases trends in real-time payments

ACI Worldwide’s Santhosh Rao showcases trends in real-time payments

For businesses, it’s time to rethink where real-time payments sit in the customer journey and the end-to-end payments landscape, says Santhosh Rao, SVP MEASA, ACI Worldwide

Dubai South: Final phase of South Bay project sells out in 4 hours

Dubai South: Final phase of South Bay project sells out in 4 hours

Upon completion, South Bay will feature over 800 spacious villas and townhouses and more than 200 luxurious waterfront mansions

UAE banks liquid assets rise in Q1 2024_CBUAE GettyImages-927096466

UAE banking sector’s liquid assets rise to Dhs786.6bn in Q1 2024

CBUAE highlighted a quarter over quarter rise of 5.7 per cent, equivalent to Dhs42.7bn, compared to about Dhs743.95bn at the end of Q4 2023

Qstay, a hospitality and rental investment property management platform Secures $4.6m in Pre-Series A funding Image Supplied

Dubai-based Qstay secures $4.6m in pre-Series A round

Qstay currently operates over 300 properties across nine markets in four countries, with plans for further expansion into additional markets between 2024 and 2026

Edmond de Rothschild

Edmond de Rothschild to open Saudi office and launch debt platform

The platform could help Saudi Arabia with its vast Vision 2030 plan

DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms

DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms

India and South Asia hold strategic importance for DMCC, particularly in sectors like technology, precious stones and agriculture

Dubai’s Eywa partners with Mindvalley to create centre of excellence

As part of the tie-up, the six-and-a-half-thousand-square-foot Eywa property will serve as a sanctuary for Mindvalley’s masters

Riverland Fireworks Image-Dubai-Parks-and-Resorts

Eid Al Adha fireworks in Dubai: Where to watch

Dubai Parks and Resorts has organised a fireworks display, as well as a laser show, to celebrate Eid Al Adha

Brookfield Place is Dubai’s newest placemaking destination

Brookfield eyes $5bn for UAE-backed climate fund

The asset management firm said at least 10 per cent of the fund’s capital will be provided by Brookfield, which manages a portfolio of $925bn

Presight and Dell technologies sign MoU_GettyImages-1194176305

Dell Technologies, Presight ink MoU to drive digital innovation in UAE

The partnership will leverage Presight’s expertise in AI and data analytics with Dell’s capabilities in compute, storage, data protection and network solutions

UAE-WEATHER-rain

Eid Al Adha rains in the UAE: NCM forecasts intermittent showers

Residents can expect high temperatures across all emirates, with highs reaching into the 40s

UAE-President and ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan approves second housing benefits package photo-courtesy_WAM

Abu Dhabi approves Dhs3.3bn housing benefits package for citizens

The housing benefits package includes housing loans worth over Dhs3.046bn, aiding 1,766 citizens in Abu Dhabi

Free parking

Eid Al Adha 2024: Free parking and transport timings in Dubai, Sharjah and Ajman

The RTA has announced free public parking timings and operating hours for the Dubai Metro and Dubai Tram services

Dubai’s off-plan market a crucial factor to watch, says Firas Al Msaddi

A key factor to watch in the Dubai real estate sector is the gap between off-plan and resale market prices, says the fäm Properties CEO Firas Al Msaddi

G7 ITALY

What’s on the G7 agenda?

The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development

ORO24’s Atif Rahman on Dubai’s meteoric ‘875% real estate growth’

Atif Rahman took to the stage of Gulf Business’ first-ever Business Breakfast briefing to talk about his insight into the growth of Dubai’s real estate sector

Eid Al Adha 2024

Eid Al Adha 2024: Dubai announces holiday dates for private schools

Dubai’s announcement aligns with the broader UAE government’s holiday schedule for Eid Al Adha, ensuring consistency across various sectors

Emirates NBD and Citi partner to offer 24 7 USD cross broder payments _GettyImages-910730068-1-e1690091225134

Citi, Emirates NBD to launch round-the-clock USD cross-border payments

The service, initially available in Emirates NBD’s branches in the UAE and Saudi Arabia, aims to eliminate payment flow barriers caused by different weekend schedules

UAE cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

UAE Cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

In addition to approving the housing aid, the cabinet launched the Manzili initiative, a streamlined service bundle designed to simplify the housing loan application process for programme beneficiaries

interest rate

CBUAE holds interest rate at 5.40%, mirroring US Fed’s decision

The US Fed’s decision to pause rate adjustments comes as inflation levels, although declining, has not required drastic changes in the economic landscape

ADNOC LNG

ADNOC awards multi-billion dollar contracts for Ruwais LNG plant

ADNOC’s Ruwais facility is expected to be the region’s first LNG export facility to run on clean power

Adnoc-gordon-tech

UAE’s ADNOC Drilling, Alpha Dhabi Holding to become majority shareholders in Gordon Tech

Prior to the deal, Gordon Technologies, based in Louisiana, was primarily owned by Houston-based private equity firm Pelican Energy Partners

du teams up with Oracle to launch hyperscale cloud, sovereign AI services for govt, public sector

du to launch hyperscale cloud, sovereign AI services for govt, public sector

The telecom operator has teamed up with Oracle, which remains the only hyperscaler capable of delivering AI and a suite of cloud services across dedicated, public, and hybrid cloud environments globally

EDGE

EDGE and Adani Defence & Aerospace forge landmark agreement

This agreement will explore the establishing of research and development facilities in both India and the UAE