How is the GCC’s energy transition faring

In the GCC, hydrocarbons have traditionally been the driving force for the economies

How businesses should implement employee engagement programmes to boost well-being

Physical and mental well-being has declined for many since the onset of the global pandemic

Bitcoin

Bitcoin hovers around $32,000 after boost from Musk

Musk said Bitcoin mining is “shifting towards renewable energy” and his company will likely resume accepting it as payment for electric cars

NMC-Healthcare

EY accused of actively concealing NMC Health audit fraud from investors

BR Shetty filed a suit in New York last week, naming Ernst & Young as a co-conspirator in the fraud alongside former executives

Miami Dubai Emirates

Emirates commences inaugural Dubai-Miami passenger service

Emirates flight EK213 departed at 3.10am from Dubai on Thursday morning

Saudi Aramco

Saudi Aramco confirms data leak after reported cyber ransom

The state-owned driller was reportedly offered the chance to have the data deleted for $50m in cryptocurrency

Live Site Viewing of the 2032 Olympic Games Host City Announcement Brisbane

Brisbane is selected as host of the 2032 Summer Olympics

The International Olympic Committee approved Brisbane’s bid in a 72-5 vote

Oil

Oil renews decline as US inventories expand, delta spreads

The American Petroleum Institute was said to report an 806,000 barrel gain in US crude inventories

Jeff Bezos pull off Blue Origin’s first spaceflight with people

The mission caps a landmark month for space-tourism ventures

Bitcoin slides below $30,000 for the first time in a month

Narratives that had propelled Bitcoin to a mid-April record of almost $65,000 are now being questioned

Qatar Airways ready to buy Boeing, Airbus freighters – CEO

The carrier could place a “large customer order” for an Airbus A350 freighter or a new Boeing 777F before the end of Q3

Covid-19: Oman goes into complete lockdown, Sur exempt due to heavy rains

All commercial activities and the movement of individuals and vehicles are banned during the Eid Al Adha holidays

Brent oil steadies near 8-week low after market selloff on Covid-19 resurgence

Oil has run into stiff headwinds in July after rising in seven of the past eight months

Covid-19: Saudi citizens will need to be fully vaccinated to travel outside the country from Aug 9

The only exemptions include children aged under 12 and those who have recovered from Covid-19 less than six months prior to the date of travel

Tokyo Olympics: Toyota pulls TV ads, CEO to skip opening ceremony

Two South African footballers have tested positive for Covid-19 at the athletes’ village

Dubai property landlords must ‘adjust their mindset’ in a low-demand market

The reality is that Dubai’s residential market has now shifted in favour of tenants, says Danube’s Rizwan Sajan

Etihad begins operating direct flights to Vienna

The new service will be operated on Thursdays and Sundays using a Boeing 787-9 Dreamliner aircraft

Sheikh Mohammed launches $1m coding challenge

Graduates of the One Million Arab Coders initiative have been urged to compete in the new challenge

McLaren gets $760m from investors including Saudi wealth fund PIF

McLaren, controlled by Bahrain’s Mumtalakat, has been hit by the pandemic

OPEC+ resolves deadlock, agrees on deal to boost oil output from August

The agreement means the cartel will boost output by 400,000 barrels a day each month from August

Emirates issues new travel advisory for flights from India, Pakistan

Flights from India, Pakistan, Bangladesh and Sri Lanka will remain suspended until July 25, says Dubai airline

Dubai’s Al Khaleej Sugar gets go ahead to build beet factory in Spain

The company plans to start construction of the plant in Merida next year

Abu Dhabi’s SEHA opens new Covid-19 drive-through centre offering vaccination, testing services

The centre has the capacity for 200 vaccinations and 1,000 nasal swabs and laser tests per day

Kuwait credit rating cut for second time in two years by S&P

The sovereign credit rating was cut one level to A+ from AA-

Mubadala seeks over $20bn value for EGA in IPO

EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai

UAE says Covid-19 drug Sotrovimab resulted in ‘100% prevention of death’

The drug was administered to 6,175 high-risk patients with Covid-19 in Abu Dhabi between June 30 and July 13

OPEC+ to meet on Sunday to discuss oil output deal

If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market

Covid-19: All the new Abu Dhabi guidelines that will take effect from July 19

The emirate has restricted movement between midnight and 5am daily and reduced operating capacity at malls, gyms and restaurants

Potential of UAE’s cloud-based manufacturing

A cloud computing model that is as dynamic and adaptable as it is cost effective is considered a true enabler

Here’s why economic growth must be consistent with sustainable investing

For the private or state investor, there are three ways to make a deeper ESG impact