Oil heads for worst losing run since 2020 on slowdown concerns

Commodities including oil have also faced a headwind this month from gains in the dollar

Dubai's DMCC welcomes 15 companies through their impact scale-up programme

Dubai’s DMCC welcomes 15 companies through impact scale-up programme

The programme supports the growth of impact-driven businesses that align with the UN sustainable development goals

Emirates flights

Dubai carriers Emirates, flydubai cancel flights to and from Iraq

The carriers have cancelled flights scheduled for August 30 and 31

Sharjah Entrepreneurship Foundation 'Ruwad' registered 214 new projects in 2021

Sharjah Entrepreneurship Foundation ‘Ruwad’ registers 214 new projects in 2021

The value of financing approvals during 2021 amounted to more than Dhs2.6m

Stake

Dubai’s property investment platform Stake raises $8m in pre-series A funding

The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region

ADGM and ADRO sign agreement

Abu Dhabi’s ADGM, ADRO to enhance support to ADGM’s international community

Abu Dhabi Global Market will provide a suite of exclusive services and offers to Golden Visa holders through ADRO’s exclusive loyalty programme

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Emirates Islamic offers Visa cardholders a chance to watch FIFA World Cup live

Customers stand a chance to win an all-expense paid trip for two to the final, semi-finals, quarter-final and opening matches

Taj Exotica Resort & Spa, The Palm, Dubai - Dawn

An ultra-luxury stay and dining at Taj Exotica Resort & Spa, The Palm

Guests are taken on a sensorial culinary journey across the resort’s seven dining and bar options

Finnair

Finnair to launch daily services between three Nordic capitals and Doha

The services will be operated with Finnair’s Airbus A330 aircraft

Virtuzone Binance

UAE’s Virtuzone to accept cryptocurrency payments via Binance Pay

Via this partnership, Virtuzone seeks to advance the use of cryptocurrencies and blockchain technologies in the country

China’s Grid Giant expands presence through DIFC to advance region’s energy transition

State Grid Corporation of China sets up first office in DIFC

The total overseas investments amount to $23.2bn and its overseas equity capital is approximately $65bn

Mohamed Alabbar to acquire stake in YNAP from Richemont

Mohamed Alabbar to acquire stake in Yoox Net-a-Porter from Richemont

Alabbar’s investment vehicle, Symphony Global will acquire a 3.2 per cent stake of YNAP’s share capital, while Farfetch will take 47.5 per cent

Saudi's Mawani and ZATCA

Saudi’s Mawani and ZATCA sign deal to regulate joint activities

The deal will be instrumental in supporting the Fasah platform in addition to streamlining operational efficiency and boosting competitiveness at Saudi ports

Family businesses

Enduring legacy: Role of family businesses in the regional ecosystem

Family businesses have contributed significantly to the wider economic landscape, credited as major drivers of job creation and inclusivity

Emirati Women's Day

Emirati Women’s Day: A dreamer, believer, doer and achiever

From space, technology, business to government positions, Emirati women have secured key positions across the country, making their nation proud

Israel

Calev’s newsroom: How Israel and the Gulf are cooperating on defence

The growing level of cooperation has been set in motion by the Abraham Accords

On an upward trajectory: How the regional aviation industry is charting its recovery

As the aviation sector’s recovery has quickened, IATA recently upgraded its outlook for the industry’s financial performance this year

Alan’s corner: Six characteristics that make a great leader

Effective strategies and leadership skills go a long way

Low-cost carriers

How regional low-cost carriers are flying high amid travel recovery

The Middle East’s budget carriers are cashing in on the growing trend for affordable luxury and increasing demand

Emaar Properties’ board recommends scrapping foreign ownership limit on shares

The developer has also recommended to increase the company’s share capital to Dhs8.838bn

Saudi Arabia

Wizz Air to launch 20 new routes between Saudi Arabia, Europe

The new flights will connect the Saudi capital as well as major cities with European destinations including Bucharest, Budapest, Milan, Naples, Rome, Venice and Vienna

UAE President

UAE President arrives in Greece on official visit

Upon his arrival at the Presidential Palace, Sheikh Mohamed bin Zayed Al Nahyan was received by Greek President Katerina Sakellaropoulou

Ras Al Khaimah reports 5% rise in valid licences

RAK’s Economic Development Department reports 5% growth in valid licences in H1 2022

Ras Al Khaimah reported the total number of renewed licences in H1 2022 was 6,947, compared to 6,606 during the same period in 2021

Bicycles and electric bikes

Abu Dhabi: Violators of bicycles, electric bikes regulations to face fine b/w Dhs200-500

The goal is to implement the highest standards of security and safety

Emirates Auckland flights

Emirates to operate direct A380 services to Kuala Lumpur, Auckland from December

The airline currently operates to both cities with a linked Boeing 777-300ER service

First Abu Dhabi Bank

First Abu Dhabi Bank launches multiple-thematic fund

Investors will be able to access multiple investment themes focused on innovation and long-term growth

New UAE visas to be introduced from September 2022

Your guide to the UAE’s new visa reforms

Looking forward to the new UAE visas rules rolling out next month? Here’s what’s on offer for tourists, residents, professionals and entrepreneurs

ADNOC Drilling

Abu Dhabi’s ADNOC Drilling acquires offshore jack-up rig for $70m

The company has bought a total of four premium offshore jack-up rigs this year

Majid AL Futtaim announces H1 2022 results

Majid Al Futtaim reports 18% rise in EBITDA to Dhs1.9bn, revenue rises 15% to Dhs18bn

Majid Al Futtaim – Properties’ revenue rose 51 per cent to Dhs2.4bn, while EBITDA was up 27 per cent to Dhs1.4bn

Saudi Arabia

Saudi Arabia’s oil exports surged to a fresh high in June

The country’s top trading partner during June was China with exports reaching SAR21bn riyals