dubai uae

Dubai wants metaverse to contribute $4bn to its economy by 2030

A new task force has been set up by the Dubai government to track the latest developments in the digital economy

uae adnoc oil dicovery

UAE’s ADNOC announces three onshore oil discoveries

ADNOC said that the new finds totalled 650 million barrels of oil

Saudi food delivery firm Jahez seeks to acquire rival Chefz

Jahez is the biggest locally owned food delivery group in Saudi Arabia

Etihad Rail MoUs

UAE’s Etihad Rail signs MoUs with international railway operators to exchange knowledge, expertise

The MoUs were signed to exchange knowledge, expertise, and best practices in freight and passenger rail services and operations

Revealed: UAE tourism sector’s performance in Q1 2022

According to tourism figures for Q1 2022, the country’s hotel establishments attracted nearly 6 million visitors who spent 25 million hotel nights

qatar coinmena

CoinMENA becomes first regional crypto exchange to enter Qatar

Starting May 19, Qatari citizens and residents can open accounts with CoinMENA and link their bank accounts to it

Covid-19

UAE reports 349 Covid-19 cases, 391 recoveries

The total number of recorded cases in the country has risen to 903,731

Dubai Financial Market

Dubai Financial Market to launch trading of Oman Crude Oil futures from June

The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible

Dubai airport show

Focus on innovative technology is key, say experts at Dubai Airport Show

The 21st edition of Airport Show opened on May 17 at the Dubai World Trade Centre with participation from more than 150 international companies

Digital transformation

ADDED, SAP sign MoU to accelerate digital transformation in Abu Dhabi

Both parties will explore opportunities to enhance industry innovation and digital transformation, and and foster local digital competencies

Ajman

Ajman issues 1,275 new business licences during Q1 2022

It indicated a 10 per cent year-on-year increase compared to the number of licences issued in Q1 2021

Museum-of-the-Future

Dubai’s Museum of the Future partners with Binance to issue NFTs

The Museum of the Future intends to develop assets within the fields of NFTs, cryptocurrencies and the blockchain

UAE reports 298 Covid-19 cases, 353 recoveries

The total number of recorded cases in the country has risen to 903,382

Oil declines as OPEC+ decision on production takes center stage

OPEC+ ministers say pumping more oil won’t ease gasoline prices

Soaring demand ahead of the peak US driving season is sending refining margins to extraordinary heights

dnata

Dubai’s dnata invests over $17m to boost Erbil operations

Dnata currently provides passenger, ground and cargo services to over 25 airlines in Erbil

ADNOC

ADNOC begins process to list Borouge on Abu Dhabi Securities Exchange

It intends to float 10 per cent of its petrochemicals joint venture that it entered into with Austria’s Borealis

UAE

UAE weather update: Dust storms expected, NCM issues alert

The UAE recorded its lowest temperature of 18.7 °C in Raknah at 6.15am local time today

RTA-bus-dubai

Dubai’s RTA resumes 4 intercity bus services, launches new intra-city route

The F38 service which will begin operation on May 19 will connect Jumeirah Golf Estates Metro Station to Dubai Sports City

UAE

UAE to more than double LNG export capacity with Fujairah plant

ADNOC has appointed McDermott International as design contractor and intends to award a contract for the construction of the plant in 2023

UAE reports 281 Covid-19 cases, 330 recoveries

The total number of recorded cases in the country has risen to 903,084

Julphar

UAE’s Julphar records Dhs1.9m in net profit for Q1 2022

Julphar recently announced its 2030 growth strategy

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

Dubai’s Emaar Properties records 241% increase in net profit for Q1 2022

Emaar Properties’ revenue for the first quarter of the year increased by 12 per cent to total $1.806bn

emirates hiring

Dubai’s Emirates confirms it is on a major cabin crew recruitment drive

The airline said that it is hiring candidates in 30 cities from now until the end of June

Dubai’s GII buys 51% of Saudi Arabia’s Almeswak for $530m

Almeswak operates more than 80 centres across 20 cities in Saudi Arabia

Sheikh-Khalifa

Sheikh Khalifa: UAE spent Dhs40bn in development projects under former President’s rule

Sheikh Khalifa became President of the UAE on November 3, 2004, and remained in that role until his death on May 13, 2022

Condolences

Sheikh Mohamed accepts condolences from US Vice President Kamala Harris, Saudi Crown Prince, among others

The world leaders condoled the death of Sheikh Khalifa bin Zayed Al Nahyan

mobility

How SMEs can leverage opportunities within the on-demand mobility and contactless driving sectors

The e-hailing industry is expected to develop at a CAGR between 15 to 28 per cent, resulting in an increased market size of $285bn by 2030

UAE announces 319 new Covid-19 cases, 344 recoveries

No Covid19-related deaths were recorded over the previous 24 hours

Detasad technology

Saudi’s Detasad unveils new technology at Satellite 2022 conference

Dynamic bandwidth optimisation technology is one of the four solutions patented by the infrastructure provider in 2022

saudi coffee

Sovereign wealth fund PIF launches Saudi Coffee Company

Domestic annual Saudi coffee consumption is forecast to reach 28,700 tons by 2026