#UK

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

UAE, UK sign agreement to drive energy sector_photo_wam

UAE, UK sign MoU to drive cooperation in energy sector

The agreement will build cooperation in areas such as environmentally sustainable transportation, sustainable fuels, biomass projects, waste conversion to energy, and carbon capture

Oman’s sovereign wealth fund boosts assets to $41.5bn

The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent

Masdar

UAE’s biggest clean-energy firm to look at deals in US, Europe

Abu Dhabi-based Masdar is leading a consortium that will build a 10-gigawatt wind plant in Egypt

This is the memo Twitter sent telling staff offices were closed

Twitter rolls out new $8 subscriptions, promises half the ads

Twitter Blue is currently available only for users in the US, Canada, Australia, New Zealand and the UK

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Rishi Sunak announces his bid to be UK’s next Prime Minister

Sunak already has the support of over 100 Members of Parliament

Global bonds tumble as UK tax cuts deliver fresh headwinds

Equities and other risk assets also dropped and the pound sank to a record low

King Charles III

UAE President congratulates King Charles III on accession to UK throne

King Charles III was formally confirmed as the new British monarch on September 10

UAE, world leaders offer tributes to Queen Elizabeth II

Britain’s longest reigning monarch passed away on September 8, at age 96

Darktrace

Cybersecurity firm Darktrace in takeover talks with Thoma Bravo

Darktrace jumped more than 22 per cent to $6.50 in US trading on Monday

Saudi permits all types of visa holders to perform Umrah

The decision coincides with the start of the Umrah season for the current year

UK inflation at new 40-year high worsens living standards crisis

UK inflation at new 40-year high worsens living standards crisis

Consumer prices rose 9.4 per cent from a year earlier, the biggest increase since February 1982

Visa

UAE citizens will not require visas to visit UK from 2023

The directive has been extended to other GCC countries as well

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

wind turbines

How robots can help build offshore wind turbines more quickly

The real timesaver would be installing turbines more quickly

Chelsea

UK approves sale of Chelsea FC to US investor Todd Boehly

Boehly’s winning bid is backed by California-based private equity firm Clearlake Capital

Sheikh Khalifa

The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan

Sheikh Khalifa bin Zayed Al Nahyan passed away on May 13, at age 73

Hub71

Abu Dhabi’s Hub71 welcomes 16 new startups to join ecosystem

The new cohort will have the opportunity to develop advanced technologies and gain access to the emirate’s innovation ecosystem

Uk visa

UK to waive visa requirement for Saudi, Bahraini nationals from June 1

They will need to fill out an online visa waiver application which will be processed within 48 hours and at a cost of GBP30

Tourism airport

Special report: The power of the GCC as a source market for global tourism

The size and monetary value of the outbound GCC tourism market were never in question – but what are its challenges, opportunities and key growth drivers in the foreseeable future?

Dubai received 7.28 million overnight visitors in 2021

Hotels in the emirate recorded average occupancy levels of 67 per cent last year

Global edtech Cuemath expands to Saudi Arabia

Cuemath, backed by Google, launched its operations in the UAE in June 2021

pfizer paxlovid

Pfizer gets nod From EU regulator for Covid drug Paxlovid

The UK’s regulator cleared Paxlovid at the end of last year, and the drug also has emergency-use authorisation in the US

UK inflation at new 40-year high worsens living standards crisis

UK, GCC may sign post-Brexit trade deal this year, Bahrain says

Negotiations between the GCC and the UK have begun

Pandemic travel

Israel to end Covid travel restrictions to several countries including UAE, UK and US

The travel ban was put in place in December as an effort to prevent people infected with coronavirus from entering the country

Expo 2020 Dubai records almost 9 million visits in first three months

From October 1 until December 31, almost 30 per cent of all visitors came from outside the UAE

Covid-19: Kuwait advises citizens in UK to leave country

The Embassy also called on citizens to adhere to the Kuwaiti Foreign Ministry’s recommendations to postpone travel to the UK

Rolls-Royce to get Qatari funding for small nuclear reactors

Qatar will invest $112m in Rolls-Royce SMR, the separate unit created for the project

GCC-UK strategic partnership to create jobs and drive economic growth in the Middle East

The GCC and UK already cooperate in many areas including security, foreign policy, trade and investment