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Middle East and tackling food prices

World food prices up in April for second month, says UN agency

The FAO’s cereal index inched up to end a three-month decline, supported by stronger export prices for maize

oil

OPEC+ likely to extend oil production cuts in June: Insight

Oil inventories and prices close to the long-term average imply ministers are likely to decide to keep output unchanged, based on their behaviour in the past

Dubai’s RTA introduces new ‘Stadium’ bus station

RTA inaugurates new ‘Stadium’ bus station, improves bus routes

The bus station is designed to shorten travel times and provide seamless connections to other mass transit options

Growth in UAE’s non-oil sector accelerates in April

UAE’s non-oil business activity picks up in April, S&P Global says

The seasonally adjusted S&P Global UAE PMI dropped to 55.3 in April, the lowest reading since August 2023, and further eased from 56.9 in March

e& Group refutes reports of potential United Group deal

e& Group refutes report of potential United Group deal

The Abu Dhabi-listed firm said it “continually reviews relevant market opportunities with the objectives of maximising shareholder value”

ADNOC boosts oil production capacity to 4.85 million bpd

Abu Dhabi’s ADNOC says oil production capacity hits 4.85 million bpd

The announcement comes just ahead of a June 1 meeting in Vienna of the OPEC+ alliance

Faisal Al Sahlawi – GM – Dubai Autodrome

Dubai Autodrome’s GM Faisal Al Sahlawi shares its role in driving motorsport in the UAE

As the UAE’s premier motorsport and entertainment venue, Dubai Autodrome hosts some of the largest motorsport grids in the region plus a host of international events

Dubai-Financial-Market releases upgraded ivestor app image Dubai Media Office

Dubai Financial Market releases upgraded iVestor app

The iVestor App allows direct subscription to both public and private offerings, enhancing investment accessibility in the region

dubai remote work

Dubai extends remote work for public sector to Friday

Dubai government’s directive for remote work applies to all government employees in the emirate, except for those in essential roles

Aldar unveils ‘active living’ community Athlon in Dubai

Sales of units at the first phase of Athlon will launch on May 7, with prices starting from Dhs2.8m

Abu Dhabi's ADQ lists debut $2.5bn bond on London Stock Exchange

Abu Dhabi’s ADQ lists debut $2.5bn bond on London Stock Exchange

Leveraging favourable market conditions and investor appetite, ADQ’s bond issuance garnered significant interest

Emirates, Boeing partner to advance aircraft maintenance

DXB: Emirates, flydubai warn of flight delays, cancellations as rains lash the UAE

Emirates notified passengers of flights being rescheduled due to adverse weather conditions

Amali Island

Ultra luxury villa community Amali Island debuts in Dubai

Residents will enjoy beachfront resort-like amenities, including a 10,000-square-foot clubhouse, spa, floating helipad and floating padel court

UAE President mourns Sheikh Tahnoun bin Mohammed

UAE leaders mourn passing of Sheikh Tahnoun bin Mohammed

The Presidential Court declared a seven-day official mourning period for Sheikh Tahnoun bin Mohammed with flags flown at half-mast

DFM unveils initial private offerings platform ARENA

DFM unveils initial private offerings platform ARENA

The new platform is a regulated alternative to conventional financing routes and helps private companies access capital markets

UAE winter rain hits Dubai and other emirates. Image Getty Images Karim Sahib

UAE weather: NCM issues orange alert as heavy rains hit Abu Dhabi, Dubai

Both Abu Dhabi and Dubai police have advised motorists to exercise caution while driving, especially in adverse weather conditions

CBUAE, HKMA partnership

UAE interest rates remain unchanged amid Fed rate decision

The CBUAE traditionally moves lockstep with the US Fed amid the UAE having pegged its currency to the US dollar at a rate of Dhs3.67 to $1

Presight buys 51% stake in G42, ADNOC tech JV

Abu Dhabi’s Presight acquires 51% stake in G42, ADNOC tech venture

ADNOC will take a 4 per cent stake in Presight currently owned by G42, in exchange for 11 per cent of its shareholding in AIQ

Masdar and Bapco Energies to develop up to 2GW of wind projects in the Kingdom of Bahrain

Masdar, Bapco to develop wind energy projects in Bahrain

The joint venture aims to explore, develop, and invest in wind projects in Bahrain, with a capacity of up to 2 gigawatts.

UAE WEATHER - RAIN - FLEXIBLE WORK - REMOTE LEARNING

UAE announces remote work for public sector workers, MoHRE advises flexible work for private sector

The NCM has forecast moderate to heavy rain accompanied by occasional lightning and thunder on Thursday, May 2.

Dubai Metro extends operation hours to DXB on MAY 1-2 Image-RTA

UAE weather: Dubai Metro extends operation hours to DXB on May 1-2

The operating hours will be extended on Wednesday and Thursday to support people travelling to and from the airport

Dubai airports

Dubai Airports, Emirates issue travel advisory for fliers on May 2

Dubai Airports, Emirates issued a travel advisory in anticipation of the expected inclement weather conditions

EtihadWE CEO Yousif Al Ali shares the focus on enabling sustainability in the utilities sector

CEO Yousif Al Ali shares how EtihadWE is enabling sustainability

EtihadWE is building a more resilient water network capable of rising to changing demands, including its recently inaugurated reverse osmosis seawater desalination plant in Umm Al Quwain

Spinneys’ $375m IPO draws orders worth $19bn

Supermarket chain Spinneys’ $375m IPO draws orders worth $19bn

The company priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn)

UAE Weather alerts - private sector - image GB

UAE’s NCEMA calls for remote work across public, private sectors

The NCM forecasts moderate to heavy rain accompanied by occasional lightning and thunder later in the night into Thursday

Schools

UAE government schools to implement distance learning on Thursday and Friday

The UAE government issued a notification implementing distance learning due to unstable weather conditions

e& Group’s Q1 subscriber base jumps to 173 million

e& Group’s subscriber base grows to 173 million in Q1 2024

The company’s UAE subscriber base grew 4.5 per cent annually to 14.5 million while aggregate subscribers rose by 5 per cent to 173 million

rain - weather

UAE rain: NCM forecasts unstable weather to peak on May 2

Authorities in Abu Dhabi issued an alert for unstable weather conditions expected to hit the emirate from May 2 to May 5

weather rain

UAE weather alert: Dubai Police issue warning to motorists

Motorists are advised to reduce speed on external roads and ensure that all vehicle components are in optimal conditions

Dubai private school students holiday

UAE weather: Dubai announces remote learning for schools for 2 days

Dubai schools to transition to online learning due to unstable weather warning