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OPEC projection for 2024 energy demand - oil

Oil prices climb amid uncertainty in the Middle East

Despite the volatility in the region, oil prices moved only slightly

Sheikh Hamdan signs off on MBZ-SAT launch

Dubai: Sheikh Hamdan signs off on MBZ-SAT launch

Set for launch no earlier than October, the launch of the MBZ-SAT marks a significant milestone for UAE’s space sector

Wizz Air-A321-Neo

Wizz Air Abu Dhabi launches region’s first flight subscription service

The Wizz MultiPass offers travellers greater flexibility and access to the airline’s best fares year-round

Dubai Metro

Dubai Metro: Onpassive, Equiti, Mashreq stations to resume services on May 19

The Energy Metro Station is set to return to service next week, the RTA informed

Masdar City Pump track study showed water savings from 40 to 60 percent

Masdar City unveils the region’s largest pump track for cyclists, skateboarders

The pump track is more than 7,500 square metres of shaded hills, banked turns, and rest areas supporting three tracks totaling more than 500 metres

consumer confidence in UAE banking sector rises to 90 per cent image-by-WAM

Consumer confidence in UAE banks climbs to 90%, here’s why

Abdulaziz Al-Ghurair, UBF and Mashreq chairman, said UAE banks are leveraging technologies such as AI, blockchain, and data analytics

UAE e-commerce hits Dhs27.5bn in 2023 GettyImages-157027870

UAE e-commerce sector market value reaches Dhs27.5bn in 2023

Anticipated figures indicate that the UAE’s e-commerce market will surpass Dhs48.8bn by 2028

GB business breakfast - tech trends - panel event

GB Panel Event: Tech trends impacting business and real estate

Gulf Business will host a technology-themed panel discussion on June 12 to discuss the latest trends impacting the worlds of finance, banking, real estate, construction and more

Permacrisis

How should businesses prepare for an era of permacrisis?

Among the major risks for businesses in 2024 are climate change, geopolitical instability, and employee burnout, emphasising the need for proactive measures and resilience to ensure business continuity

Traffic fine discount - Abu Dhabi - UAE

UAE traffic fines: Abu Dhabi Police announce discounts

Abu Dhabi authorities have announced a slew of initiatives to make paying off traffic fines easy

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

Abu Dhabi fund Mubadala’s asset under management rise to $302bn

The wealth fund reported proceeds of Dhs99bn in 2023, which includes divestments of certain legacy assets and capital recycling

Presight partners with Intel in AI push

UAE’s Presight, Intel partner to advance AI innovation

The duo seeks to strengthen data security and privacy by implementing confidential AI technologies

ADNOC to start production at Ras Al Sadr gas field

ADNOC Group to begin production at Ras Al Sadr gas field

The field has production capacity of up to 100 million standard cubic feet of gas per day

UAE’s ADNOC planning US trading expansion

UAE’s ADNOC planning US trading expansion

ADNOC has been stepping up its global expansion in recent years, including building trading operations since 2018

Oil August 1

Oil prices up after US economic data strengthens rate cut expectations

Equities, which tend to move in tandem with oil prices, rose on the rate cut hopes, with the Dow reaching an all-time high of 40,000 for the first time

Nigeria-Emirates not happy with Boeing delays in fixing 777X

Emirates to resume Nigeria flights, ending two-year suspension

Emirates suspended flights between the UAE and Nigeria because of an inability to repatriate funds

Ahmad El Dandachi - microsoft

AI and cybersecurity: Microsoft’s strategy for the digital era

Microsoft’s approach to cybersecurity combines advanced AI, integrated security solutions, and a focus on compliance and flexibility

CBRE real estate

Trends shaping real estate in the GCC: An in-depth conversation with Anshuman Magazine of CBRE

CBRE has expanded its offerings as well as operations as the GCC sees a real estate boom backed by economic versatility and government investment programmes

Lunate at ADGM

Abu Dhabi’s Lunate launches ETF tracking Japanese equities

The ETF market will contribute to bolster “Abu Dhabi’s plan to diversify its economy and attract more investors to its financial centre

Egypt-ras al-hekma-UN-HABITAT

Egypt receives second payment of $14bn from UAE

The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments

Blue Residency Visa

UAE launches Blue Residency visa for environmental advocates: Everything you need to know

The Blue Residency visa represents a significant step in the UAE’s efforts to prioritise sustainability and environmental protection

UAE’s TAQA Group posts Dhs2.1bn net income in Q1 2024

UAE’s TAQA Group posts Dhs2.1bn net income in Q1 2024

The company’s earnings before interests, taxes, depreciation and amortisation rose by 4.9 per cent to reach Dhs5.5bn

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

As part of the plan, Tecom will invest Dhs966m to acquire commercial and industrial assets from Dubai Holding Asset Management

Mubadala Energy

Indonesia wants Mubadala Energy to accelerate South Andaman gas development

Mubadala’s Indonesian unit said the company was fully aligned with Jakarta’s desire to accelerate the project

dnata-image-credit-dnata

UAE’s dnata looking at M&A deals

dnata’s chief executive Steve Allen says “there is significant scope for consolidation in airport ground handling globally”

Einride DP World to launch largest deployment of electric, autonomous mobility on region Image DP World/ Dubai Media Office

DP World, Einride launch region’s biggest autonomous freight deployment

Once at full operational capacity, the initiative will save up to 14,600 tonnes of carbon dioxide equivalent annually and 158 tonnes of nitrogen oxides annually

Dubai tops global ranking for greenfield FDI projects for third time running photo courtesy Dubai Media Office

Dubai tops global list for attracting greenfield FDI projects

In 2023, Dubai welcomed 1,070 global greenfield FDI projects, surpassing second-placed Singapore by 142 per cent and third-placed London by 148 per cent

Mina Al Hamriya expansion project completed by DP World Image DP World

DP World concludes major expansion of Mina Hamriya project

The enhancements will enable the handling of a wider variety of vessels from traditional dhows to Ro-Ro, bulk and container carriers

Sheikh-Hamdan-Dubai-Quality of Life-Strategy-Dubai-Media-Office

Dubai Quality of Life Strategy 2033: Sheikh Hamdan announces massive infrastructure upgrade

The strategy includes a host of initiatives designed to enhance wellbeing across various facets of Dubai’s urban environment

Emaar development-Q1 property sales rise 50 per cent image-Emaar-e1713532878998

Emaar Development reports 50% rise in Q1 property sales

Emaar Development’s sales backlog has increased to Dhs65.7bn, which will be recognised as revenue in the coming years