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Salik

Sheikh Mohammed issues law establishing Salik as public joint stock company

The Executive Council of Dubai is authorised to determine the percentage of shares that can be offered for subscription either through an IPO or private placement

Dubai-Internet-City Tecom Group

Dubai’s Tecom Group sets IPO price range at Dhs2.46-2.67

The final offer price is expected to be announced on June 27, 2022

Department of Health - Abu Dhabi

Department of Health – Abu Dhabi and biopharma firm MSD GCC announce collaboration

Both the DoH and MSD share a vision of improving the health and wellness of UAE, through innovative medicines and vaccines and other healthcare services

Cartlow

UAE’s reverse logistics platform Cartlow secures $18m funding

The investment will provide the company with the ability to further expand its operations and services in Saudi Arabia and the UAE

Etihad seasonal routes

Abu Dhabi’s Etihad launches five seasonal routes for summer

Three seasonal services took off on the morning of June 15

central bank

UAE Central Bank raises base rate by 75 basis points

Central banks across the GCC have also raised their interest rates

Egypt - WHEAT - BRICS

UAE suspends re-export of Indian wheat for four months

The Ministry of Economy said that the decision comes in view of the international developments that have affected trade flows

Mohammed bin Rashid Library

Mohammed bin Rashid Library deploys AI and robots

The automated storage and electronic book retrieval system on the library’s first floor is one of its largest sections

Germany

UAE, Germany non-oil trade totals Dhs478bn in 10 years

Imports accounted for 89.5 per cent of the total trade exchange

UAE consumers

Price, quality or sustainability? Know what your customers want

Consumers in the UAE have the highest proportion of ‘quality appreciators’ and the lowest proportion of ‘cost-conscious’ consumers

Covid-19

UAE reports 1,356 Covid-19 cases, 1,066 recoveries

The nationwide case count has risen to 920,171

developer portal

Abu Dhabi’s ADIB launches API developer portal to drive open banking

The new portal will enable fintech developers to use the lender’s APIs for the purpose of developing their own applications

Mohammed bin Rashid Library

In pics: Sheikh Mohammed inaugurates Dhs1bn ‘Mohammed bin Rashid Library’

The Mohammed bin Rashid Library aims to help people with various interests, especially youth, to access printed and digital books

Masks

UAE reinforces use of masks in closed areas, green pass validity down to 14 days

Those found flouting the mask rule will face a fine of up to Dhs3,000

ENOC Group

Dubai’s ENOC Group bans single-use plastics across operations

As alternatives, ENOC has switched to more sustainable items such as paper bags, wooden straws, water dispensers with reusable bottles and recyclable lids

UAE reports 1,319 Covid-19 cases, 1,076 recoveries

The nationwide case count has risen to 918,815

Abu Dhabi Chamber to offer its services on government services platform TAMM

ADQ to buy Turkish pharmaceutical firm Birgi Mefar Group to strengthen portfolio

The investment expands ADQ’s life sciences capabilities in sterile injectables and wider pharmaceutical services segments

Scott Bond Property FInder UAE Country Manager

Cover story: Property Finder’s Scott Bond on why Dubai is a pioneer in real estate

The country manager of Dubai’s real estate platform envisions the emirate to lead the way in digital advancements, inclusivity and investments. Here’s why

UAE weather

UAE weather update: Temperatures to hit highs of 47ºC

The country recorded its lowest temperature of 17.3°C in Jabal Jais at 5.15am local time today

advertisement

Misleading advertisement, promotions punishable offence in UAE

Violators will face stiff penalties, including imprisonment and a financial fine

How wealth advisory must be customised for the new generation

Millennials and Gen Z are increasingly take their place in the boardrooms of family businesses

Jones the Grocer

Jones the Grocer’s Yunib Siddiqui on the retail chain’s expansion

Jones the Grocer has 24 stores and cafes across the Middle East. Yunib Siddiqui, the CEO spoke to Gulf Business about growing his food retail business

AD Ports Group

AD Ports Group to launch logistics and freight services in Uzbekistan

The joint venture with Enter Engineering Group will include sea, land and rail logistics, warehousing, contract logistics and customs clearance

DMCC

Dubai’s DMCC signs agreement with Brooklyn Chamber of Commerce

The two entities will work together on a number of initiatives to promote bilateral trade and support the expansion of American businesses in Dubai

Covid-19

UAE reports 1,084 Covid-19 cases, 876 recoveries

The nationwide case count has risen to 915,068

Arabian Travel Market 2022: The industry’s best on offer

Airlines, hotels, tourism boards and travel trade operators from around the world came together for the event

Dubai chamber

Dubai Chamber strengthens partnership with Dubai Land Department

The representatives from both teams shared their experience and best practices in digital transformation and customer service

UAE President Sheikh Mohamed meets Israeli Prime Minister

The two leaders discussed cooperation and development opportunities in various sectors

UAE’s trade surplus with GCC countries equals Dhs134.7bn in 2021

UAE imports from GCC countries in 2021 increased to Dhs56.3bn, compared to Dhs43.8bn in 2020

Dubai

Dubai welcomes 5.1 million visitors in first four months of 2022

The emirate’s hotel occupancy stood at 76 per cent during the January-April period