Landmarks Of The City Of Riyadh, Kingdom Of Saudi Arabia

Saudi Arabia posts $15bn surplus on soaring oil income

The boost was mainly driven by oil revenue, which rose 58 per cent compared to last year

Saudi Aramco

Saudi Aramco’s profit soars as oil prices and production jump

Aramco’s output averaged 10.2 million barrels a day between January and March, up 20 per cent year-on-year

Technology

Digital minimalism: How much technology do we really need?

It is imperative to understand the technology needed to support our lifestyle and needs and cut out the rest

UAE telecom firm e& pays $4.4bn for 9.8% of Vodafone

Vodafone oversees a sprawling portfolio across more than 20 countries serving over 300 million wireless customers

AD Ports Group

AD Ports Group reports 41% rise in net profit for Q1 2022

The group reported Dhs1.047bn in revenue for Q1 2022, posting 15 per cent year-on-year growth

Sheikh Mohamed bin Zayed Al Nahyan elected as new UAE President

Sheikh Mohamed was unanimously elected to succeed the late Sheikh Khalifa bin Zayed Al Nahyan

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

UAE President Sheikh Khalifa bin Zayed al Nahyan

In pics: UAE President Sheikh Khalifa bin Zayed Al Nahyan with world leaders

Sheikh Khalifa became President of the UAE in 2004 after the passing away of Sheikh Zayed

Private, public sector across UAE to remain closed for three days, starting May 14

Work in federal, local and private entities across the country will resume on Tuesday, May 17

Sheikh Khalifa

Timeline: Sheikh Khalifa bin Zayed Al Nahyan – UAE President

Born in 1948, Sheikh Khalifa was appointed as the President of the UAE by the Supreme Council on November 3, 2004

Aster Guardian Global Nursing award

Kenyan national wins $250,000 Aster Guardian Global Nursing award in Dubai

Anna Qabale Duba was crowned the first-ever recipient of the award which received 24,000 entries

UAE leaders mourn passing of President Sheikh Khalifa

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

UAE President Sheikh Khalifa bin Zayed Al Nahyan passes away

Work in ministries, departments, federal and local institutions, and the private sector will be suspended for three days

Covid-19

UAE reports 369 Covid-19 cases, 250 recoveries

The nationwide case count has risen to 901,809

DEWA

UAE’s DEWA reports net profit of Dhs691m for Q1 2022

Dubai’s main power and water company also reported a 15 per cent growth in Q1 2022 revenues to Dhs5.068bn

Dubai’s Emirates Group cuts annual loss by 83% to $1bn for FY 2021-22

“We expect the group to return to profitability in 2022-23″ – Sheikh Ahmed bin Saeed, Emirates Group chairman

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

UAE leads Arab World in IMD World Talent Ranking 2022

UAE’s unemployment benefits scheme applicable to all public and private sector employees

The Ministry of Human Resources and Emiratisation will play a central role in this scheme to protect labour rights

Treasury bond

UAE lists first dirham-denominated treasury bond on Nasdaq Dubai

The inaugural issuance was 6.3 times oversubscribed

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

Air arabia abu dhabi

Air Arabia Abu Dhabi to begin seasonal flights to Tbilisi

The airline will connect Abu Dhabi to Tbilisi with thrice weekly direct flights starting June 16

SABIC

Biggest chemicals firm says cost squeeze to hit profit this year

Demand for products from plastics to paint has soared in the past year with economies recovering from the coronavirus pandemic

UAE

UAE reports 364 Covid-19 cases, 252 recoveries

The nationwide case count has risen to 901,440

Abu Dhabi’s Mubadala reports 2021 as strongest financial year ever

Mubadala invested Dhs125bn in 2021 in high-growth sectors including technology, life sciences and consumer goods

Jafza registers 19% trade growth in 2021, generates over Dhs454.7bn

Emirates inks MoU with Jafza to support SMEs in Dubai

Emirates currently has over 20,000 SMEs enrolled in its Business Rewards programme

DXB

Dubai’s DXB records 13.6 million passengers in Q1 2022

DXB is currently connected to 193 destinations across 92 countries via 73 international carriers

Abu Dhabi non-oil trade

Abu Dhabi’s non-oil foreign trade reached Dhs61.5bn in Q1 2022

Exports recorded a growth of 35 per cent year-on-year and were valued at Dhs24.449bn

Air Arabia

Air Arabia reports Dhs291m in net profit for Q1 2022

More than 2.4 million passengers flew with Air Arabia between January and March 2022, across the carrier’s five hubs

Saudi Aramco

Saudi Aramco becomes world’s most valuable stock as Apple drops

Earlier this year, Apple boasted a market value of $3tn, about $1tn more than Aramco’s

Emirates South African

Dubai’s Emirates signs MoU with South African Tourism Board to boost visitor arrivals

The agreement aims to boost visitor arrivals and inbound traffic to South Africa from key markets across the Emirates network