#US

The US replaces China as world’s biggest Bitcoin miner

At the end of August, America accounted for 35.4 per cent of the global hash rate

Abu Dhabi Alhosn

Abu Dhabi updates green list, adds 27 destinations including US, UK

Last month, the emirate scrapped the quarantine requirement for all vaccinated travellers arriving into Abu Dhabi

Dubai’s Emirates to ramp up operations to US

Starting from October, the carrier will be operating 78 weekly flights to 12 destinations in the US

Facebook retools messaging again by adding calling to main app

Facebook also started testing a limited version of Messenger’s inbox in the core Facebook app last fall

Brent oil gains with stocks after worst losing streak since 2018

Asia is set to send excess diesel supplies to Europe and possibly to the US as the delta variant dents demand

Oil heads for longest run of losses since March on virus, dollar

The delta variant has spurred fresh curbs on mobility in many nations including China, harming energy consumption

Abu Dhabi updates travel green list, removes US, Italy and Israel

The green list now includes 28 countries

UAE civil aviation authority says all flights to Afghanistan suspended

Desperate scenes played out on Monday at Kabul’s international airport, the only area still under US control

Taliban set to retake Afghanistan after two decades

The Taliban swept through Afghanistan in a matter of weeks, taking world leaders by surprise as they entered a vacuum created by departing US and NATO forces

Saudi’s Red Sea Farms raises $16m pre-series A funding round

Initial investor group includes Aramco venture Wa’ed, the Future Investment Initiative Institute and KAUST from Saudi Arabia, as well as UAE-based Global Ventures

Gold holds biggest gain in three months

The global economic recovery has piled pressure on bullion this year

Emirates Dubai

Dubai’s Emirates ramps up network to adapt to looser travel restrictions

The airline is restoring capacity on 29 routes including to cities in the UK, US and Africa

Potential hijack off UAE coast ends as boarders leave vessel

The UK Maritime Trade Operations said there was a “potential hijack” roughly halfway between Iran and the UAE on Tuesday

Emirates Dubai Mexico

Dubai’s Emirates partners with Aeromar to expand connectivity in Mexico and the US

Customers can book tickets to fly to and from 12 destinations in Mexico and the US connecting to Emirates’ flights EK 256/255

Oil holds decline as investors track delta’s spread across China

West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday

Oil

Oil renews decline as US inventories expand, delta spreads

The American Petroleum Institute was said to report an 806,000 barrel gain in US crude inventories

Saudi Aramco

Saudis’ Motiva eyes revival of multibillion-dollar plastics plan

The value of the original project was estimated at $6.6 billion in 2018

Qatar wealth fund builds regional hub in Singapore to diversify

The fund has vowed to invest more in Asia and the US as it pursues growth and diversification after years of substantial investment in Europe

Brent oil extends gain as OPEC+ talks end without supply deal

The global market has tightened significantly over the past few months amid a robust rebound in fuel demand in the US, China and parts of Europe

World’s oldest wealth fund swells to record and cracks the top 3

The Future Generations Fund, managed by Kuwait Investment Authority, has risen to a record of about $700bn

Dubai’s DP World acquires US-based logistics provider

The transaction is subject to customary completion conditions

US issues new UAE travel advisory

The CDC issued a Level 4 Travel health notice for the UAE on Monday

Brent oil edges above $75 as investors assess tightening market

Brent oil has rallied more than 40 per cent this year as a strong rebound from the pandemic in the US, China and Europe underpins increasing fuel consumption

Global power grids pushed to breaking point

The extreme weather highlights the real world impact of climate change

Omani plastics firm Octal weighs $800m sale

The company is working with JPMorgan Chase & Co. as it considers selling a majority stake

Oil rallies to 32-month high as rising demand emboldens bulls

The US benchmark is on course for a fifth quarterly advance, which would be the best run since 2010

Abu Dhabi

Abu Dhabi’s ADIA is said to invest $1bn in Medline buyout

Medline is the biggest private US manufacturer and distributor of medical supplies

Dubai’s Emirates to launch new service to Miami

The carrier will now serve the US with over 70 weekly flights across 12 gateways

Dubai investment firm FIM Partners considers raising SPAC

EFG Hermes agreed to buy a stake in FIM Partners in 2017

Dubai tech startup Zeta raises $250m to accelerate growth

The investment values Zeta at $1.45bn