DP World, Bank Leumi to explore Israel logistics investments

The UAE last week signed an agreement to move toward establishing normal ties with Israel

Parabellum Investments, German firm Syntegon partner to tackle counterfeit drugs

The partnership combines the strength of Advanco’s leading site manager system (ARC) with Syntegon’s machines for packaging pharmaceutical products and drugs

Yemen projectile Saudi

Projectile launched from Yemen lands in Saudi’s Jazan, five civilians injured

The five civilians faced light injuries as a result of flying shrapnel and were transported to the hospital

Back-to school experiments offer a coronavirus education

School reopenings haven’t been the primary cause of flare-ups in local Covid-19 cases, opines Bloomberg columnist Lara Williams

How Covid-19’s made flying business class feel more like economy

Efforts to minimise human interaction and reduce the risk of infection are taking the shine off the most expensive seats onboard commercial aircraft

Abu Dhabi takes $615m stake in US LNG exporter

Houston-based Cheniere operates two export facilities: Corpus Christi in Texas and Sabine Pass in Louisiana

UAE, Bahrain sign historic peace accord with Israel in the US

According to the Abraham Accord signed on September 15, Israel will cease further annexation of Palestinian territories

Oil giant Aramco regains top spot from Apple as tech rally fades

Apple and Aramco are the only two companies to have achieved valuations of $2 trillion

The things we buy in the pandemic to feel normal

Holding onto small culinary pleasures amid lockdowns and social distancing measures is helping people worldwide cope with the pandemic

Beirut Lebanon

Major fire breaks out at Beirut port a month after blast

The Lebanese army has called for people to evacuate the area

Turki Al Malki, Saudi coalition

Saudi forces destroy bomb-laden drones targeting ‘civilians’ in the kingdom

Attacks on the kingdom were launched on Wednesday and Thursday

Venture capital investment in fintech remains steady; M&A activity recedes – report

The EMEA region witnessed $4.6bn in fintech investment in the first half of 2020

Rolls-Royce New Ghost

Rolls-Royce showcases its second-generation Ghost saloon

It took eleven years for Rolls-Royce to unveil this second-generation of its Ghost model

business man with social media and digital technology. cityscape background. Digital transformation

How digitally mature regional firms are leveraging technology to capitalise on greater opportunities

The technology, consumer and financial sectors boasted the highest proportion of entities that are digitally most mature

First Abu Dhabi Bank

First Abu Dhabi Bank to start talks with Israeli lenders

The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office

TOPSHOT-LEBANON-BLAST

Beirut blast caused up to $4.6bn in physical damage: World Bank

More than 180 people were killed and thousands injured when a vast consignment of explosive material detonated at Beirut’s port on August 4

Israel sees $6.5bn in trade as UAE peace talks kick off

On August 13, the countries announced their plan to normalise ties, a first between Israel and a Gulf Arab nation

Top Dubai, Israeli banks seek to cooperate after peace deal

Discussions between Bank Leumi and Emirates NBD Bank are at an early stage and no final decisions have been made

Israel’s flagship carrier El Al set for unprecedented UAE flight

An Etihad Airways cargo plane from Abu Dhabi made the first known commercial flight between the countries in May with a humanitarian shipment for the Palestinians

New antibody tests offer better snapshot of Covid-19 immunity

Antibodies are markers of infection, and testing for them helps health officials see how widely the virus has spread

FIVE Hotels & Resorts to open new destination in Europe

The brand intends to revive the prestigious history of Zurich’s Atlantis hotel

Abu Dhabi hedge fund makes $300m emerging-market wager

The manager has already moved about 90 per cent of that money into markets such as China and India, after cutting some positions in developed markets

US Secretary of State Mike Pompeo arrives in UAE

His visit to the UAE forms part of a broader Middle East tour

Oil holds at five-month high as hurricane nears US Gulf Coast

Oil prices will probably continue to rise as excess inventories are used up

Lebanon inflation soars past 100% in latest sign of meltdown

Inflation in July reached 11.42 per cent from the previous month

fortnite

Microsoft sides with Epic Games in legal fight against Apple

The App Store forces applications and games on it to use its exclusive in-app payment system

Airbnb bans parties in home rentals worldwide, caps occupancy at 16

The company has filed confidentially for an initial public offering

Apple makes Wall Street history by breaking $2 trillion barrier

The company has been buoyed by the broad adoption of mobile internet-connected devices, apps and other cloud services

Oil slides from five-month high on cloudy demand outlook

OPEC+ also warned at a meeting on Wednesday that the pace of the demand rebound was slower than expected

Saudis keep pressure on OPEC cheats before ministerial talks

Riyadh’s struggle to enforce compliance has been a long-running issue