Montblanc

Luxury watches at their finest: How Montblanc fits the bill

Franck Juhel, president of Montblanc Middle East, India and Africa, tells Andrew Wingrove about the company’s offerings, including its portfolio of luxury watches

Hajj to begin on July 7

Hajj begins on July 7, Saudi Arabia announces full ICT readiness

Eid Al Adha will fall on July 9

YAP

Dubai-based fintech YAP raises $41m to fuel growth

The company plans to complete its Series A by the end of the year

Dining deals for Eid Al Adha

A round-up of Eid dining deals across the UAE

Saudi Arabia raises oil prices for Asia with demand holding up

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Tecom Group commences trading on the Dubai financial market

Tecom Group commences trading on Dubai Financial Market

A total of 625,000,000 shares, equivalent to 12.5 per cent of Tecom Group’s issued share capital, were issued

UAE President

UAE President pardons 737 prisoners ahead of Eid Al Adha

The first day of Eid Al Adha will fall on Saturday, July 9

Covid

UAE reports 1,732 Covid-19 cases, 1,769 recoveries

The nationwide case count has risen to 954,692

UAE President

UAE President restructures social welfare programme for low-income citizens

Housing and other basic needs such as food, electricity, water and fuel are also covered by the programme

Zand gets license from the Central Bank of UAE

Digital lender Zand receives licence from UAE Central Bank

Zand is now authorised and regulated to operate as a fully independent commercial bank

Neom

Saudi’s NEOM selects Oracle Cloud to accelerate IT workloads

NEOM will be able to increase agility across business processes and accelerate innovation by accessing new cloud services on-premises

Anghami acquires Spotlight Events

UAE’s Anghami acquires Spotlight Events to expand footprint

The partnership will enable Spotlight Events to become Anghami’s arm for live events and concerts

Dragon Oil signs ten additional years of partnership with Turkmenistan

Dubai’s Dragon Oil signs ten-year extension with Turkmenistan

The company’s investments during the contract extension period is expected to reach another $7-8bn

Oil

Oil holds above $110 as tight supply balanced by recession risk

Oil has started the third quarter in strong form after dropping in June

flynas

Saudi’s flynas to launch direct flights between AlUla and Cairo

Flynas will connect the cities with two weekly flights, starting October 6

Dubai Summer Surprises begins

What’s in store for Dubai Summer Surprises 2022?

Dubai Summer Surprises started on July 1, promising a wide range of activities, crazy sales, fabulous prizes and great entertainment

RTA electric bus

Dubai’s RTA signs agreement to trial eco-friendly electric bus

The trial run will test innovative technologies to enhance the customer service experience and enable the bus to operate as a smart asset

Dubai Land department

Rent in Dubai can now be paid online rather than post-dated cheques

Tenants will soon be able to pay their rent automatically through online banking rather than post-dated cheques

UAE

UAE’s CEPA pacts to grow economy by 2.6% by 2030 – minister

In July, the UAE will sign its fourth comprehensive economic partnership agreement with Colombia

UAE announces Covid protocols for Eid Al Adha

UAE announces Covid protocols for Eid Al Adha

Duration of Eid prayers will be limited to 20 minutes, while worshippers must wear masks and maintain a social distance of at least one metre

GE Digital

ADDED, GE Digital partner to accelerate digital transformation in Abu Dhabi’s manufacturing sector

Both organisations will adopt circular economy strategies to drive a more productive, advanced and innovative sector while reducing greenhouse gas emissions

Hospitality Tourism

An industry in motion: Stakeholders across hospitality, tourism space share key insights

Executives share their views on the growth and future prospects of their sectors

DEWA adds 700MW of energy production capacity, totalling 14,117 MW, with 1,627 MW from renewable energy

Dubai’s DEWA adds 700MW of energy production capacity

The clean energy share in Dubai’s energy mix has reached 11.5 per cent and is expected to reach 14 per cent by the end of 2022

Saudi Arabia

Saudi Arabia elevates two women to senior roles in government

Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet

UAE reports 1,764 Covid-19 cases, 1,811 recoveries

The nationwide case count has risen to 952,960

The latest phase of the #DubaiDestinations campaign,

The #DubaiDestinations campaign coincides with summer school holidays

The campaign encourages residents and visitors to discover the city’s leisure, dining, adventure and family-friendly activities this summer

policies

UAE approves 22 policies to expedite transition to circular economy

The policies focus on four main sectors of manufacturing, food, infrastructure, and transport

Yas Island events calendar

Yas Island’s calendar of events include sports, music and family activities

The line-up features everything from global sports championships and family-friendly excitement to top-artist concerts and exhilarating adventures

Al Othaim family

Saudi Al Othaim family scraps IPO of malls

Abdullah Al Othaim Investment Company decided to cancel the listing of a 30 per cent stake on the Saudi stock exchange

Tesla Model 3 to join Dubai Taxi fleet on trial basis

Tesla Model 3 to join Dubai Taxi fleet on trial basis

The trial operation aims to verify the efficiency of the vehicle when deployed on the taxi fleet in the emirate