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

Naim Yazbeck

8.5 million Microsoft devices were hit by CrowdStrike outage

Software giant Microsoft has outlined how big Friday’s outage was, but the company maintains that only 1 per cent of all its devices were impacted

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

Global outage: CrowdStrike update likely skipped checks, experts say

CrowdStrike released information to fix affected systems, but experts said getting them back online would take time

Global smartphone shipments Increase 6.5% in Q2 2024: IDC report

Smartphone shipments rose 6.5% in Q2 2024, says IDC

Samsung secured the top position in Q2 2024 with an 18.9 per cent share of shipments, driven by a strategic focus on its flagship models and a robust AI strategy

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

tech outages

6 of the biggest tech outages in recent years

Even as the world reels from the Microsoft outage, here’s a look at some outages that have taken down major systems, in recent years

Expert warns: Days needed to recover from Microsoft, CrowdStrike outage

The global cyber outage has affected operations in different sectors internationally including at Spanish airports, US airlines and Australian media and banks

CrowdStrike CEO: “This is not a security incident or cyberattack”

CrowdStrike’s share price fell over 3 per cent in trade on the NASDAQ amid a ‘blue screen of death outage’

Microsoft-Image-Microsoft

Microsoft lays blame at CrowdStrike’s door for global outage

Microsoft’s cloud unit said it was currently investigating potential options its customers can take for mitigation

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

LSEG

LSEG platform suffers widespread downtime, trading hit

During Asian trading hours, LSEG said its news services were experiencing a global technical issue that prevented news from being published on its platform

berlin - Microsoft

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

Microsoft

Microsoft global outage: Major banks, airlines and media impacted

Microsoft attributed the error to a recent update from CrowdStrike

Saudia turns to Germany’s Lilium for flying taxis

Saudia turns to Germany’s Lilium for flying taxis

The state-owned airline made a firm order for 50 of its eVTOL aircraft, with an option for an additional 50 later

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

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

Bahri pulls out of bidding for Germany’s DB Schenker

Saudi Arabia’s Bahri drops out of race for Deutsche Bahn’s Schenker

The departure means state-owned Deutsche Bahn needs to lower its sights on proceeds because Bahri’s offer was the highest

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

Egypt’s central bank holds key interest rates steady

Egypt’s central bank leaves key interest rates unchanged

The central bank raised interest rates by 600 bps on March 6 as part of an agreement with the International Monetary Fund

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

IHG launches industry first low carbon pioneers programme Getty Images

IHG unveils industry-first Low Carbon Pioneers programme

Creating a group of low operational carbon hotels, the first community of its kind in the industry, will help IHG test, learn and share findings on sustainability measures

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

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

‘Prioritise the fundamentals when investing', says SJP's Martin Hennecke

‘Prioritise the fundamentals when investing’, says SJP’s Martin Hennecke

St. James’s Place’s (SJP) head of Asia and Middle East Investment Advisory offers a strategic perspective on investments, the importance of diversification and the firm’s foray into Dubai