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Adnoc borouge

ADNOC delivers fourth consecutive record-setting IPO on ADX

The retail offering, which attracted higher retail demand than any UAE IPO in nearly 20 years, was 74 times oversubscribed

Al Jalila Foundation accepting cryptocurrency

Al Jalila Foundation to accept cryptocurrency donations

Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good

UAE reports 593 Covid-19 cases, 506 recoveries

The nationwide case count has risen to 909,815

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

Sheikh Mohammed issues law to establish Dubai Media Council

The council will develop Dubai’s media strategy and oversee its implementation

dnata

Dubai’s dnata to invest $100m in green operations in next two years

Earlier this year, dnata committed to reducing its waste to landfill by 20 per cent by 2024

UAE Covid-19

UAE reports 575 Covid-19 cases, 449 recoveries

The nationwide case count has risen to 909,222

Duque free zone launches in Dubai

DUQE free zone launches operations from Dubai’s QE 2 hotel

DUQE has allied with PCFC to offer full integrated support to entrepreneurs to help them set up and expand their business

emirates

Luxury on a budget: Emirates begins booking for its premium economy

From June 1, 2022, the carrier has commenced premium economy bookings on routes to London, Paris and Sydney

schools

Sharjah Private Education Authority, Arada partner to design future schools

The agreement will also see the launch of joint training programmes, initiatives and events to promote the educational sector in Sharjah

Sukuk

Sharjah’s Arada raises $350m via dollar sukuk, lists on London Stock Exchange

The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size

Ajman Free Zone

Ajman Free Zone reports 45% growth in e-commerce sector in 2022

Warehousing solutions are a core focus within the freezone’s operations

Middle East IPOs

Middle East IPOs on track for best ever first half as oil surges

IPOs in the Middle East have fetched $11.4bn in the first five months of the year

Monkeypox

UAE reports four new cases of monkeypox

The health ministry has urged all to follow appropriate preventive measures

UAE reports 442 Covid-19 cases, 394 recoveries

The nationwide case count has risen to 908,647

Cuemath

Alpha Wave leads $57m funding in edtech platform Cuemath

Funds will be deployed to help Cuemath expand to over 100 countries by FY’23

Borouge

Borouge’s $2bn Abu Dhabi IPO draws $83bn of orders

Borouge’s shares will start trading on June 3

fuel prices

UAE increases fuel prices for June 2022

The price of Super 98 has risen to Dhs4.15 per litre

plastic bags

Single-use plastic ban in Abu Dhabi begins: Everything you need to know

Major retailers in the UAE such as Carrefour, Spinneys and Lulu are geared up to implement this by providing sustainable and eco-friendly alternatives

Nemo Stojanovic, director of leasing and marketing, Central Park Towers, DIFC, Arady Developments

How Central Park Towers, DIFC, opens up new avenues for Dubai’s real estate market

Nemo Stojanovic, director of leasing and marketing, Central Park Towers, DIFC, Arady Developments, explains why the project is an attractive proposition to its residents and businesses setting up base within the prime location

stake

The SME Story: Rami Tabbara, co-founder and co-CEO of Stake

A digital fractional real estate investment platform is offering a chance for those with limited budgets to enter the property market

Agreement

UAE, Israel sign comprehensive economic partnership agreement

The agreement will support service sectors such as hospitality, financial services, distribution and construction

UAE reports 381 Covid-19 cases, 389 recoveries

The nationwide case count has risen to 908,205

Dubai Chambers

Dubai Chambers, Citi sign MoU to boost business competitiveness

Both entities will collaborate on events and initiatives that support common goals and attract companies to the UAE

Investment Corporation of Dubai

Investment Corporation of Dubai reports Dhs10.1bn in net profit for 2021

Its revenues for 2021 equalled Dhs169.4bn, up 24.5 per cent compared to the previous year

Meet the first Emirati female pilot to test AW609 tiltrotor

She piloted the revolutionary aircraft during her visit to the US helicopter headquarters of Leonardo, located in Philadelphia

Agthia--800x478

UAE’s Agthia Group to invest Dhs90m into manufacturing facility in Jeddah

It is being built for Nabil, one of Agthia’s protein brands, with sales expected to commence from the new facility in H2 2023

Dubai-based ride sharing firm Swvl to slash headcount by a third

The reductions will focus on roles that have been automated by investments in engineering and product and support functions

Dubai-Skyline-e1650964799688

UAE’s Utico hires banks to advise on potential IPO

Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group

Covid

UAE reports 383 Covid-19 cases, 379 recoveries

The nationwide case count has risen to 907,824

UAE Bank

Nearly 90% UAE banking customers find account opening too complicated

Identity proofing platform IDnow and YouGov research finds UAE residents are frustrated by bank account applications