Abu Dhabi’s Etihad Airways posts $476m loss for 2021

The airline carried 3.5 million passengers in 2021

Sheikh Mohamed bin Zayed Al Nahyan has ordered the completion of all housing grant applications submitted in previous years through the Sheikh Zayed Housing Programme, at a total cost of around Dhs2.3b

Sheikh Mohamed discusses Ukraine, energy market stability in call with Vladimir Putin

Sheikh Mohamed stressed the need for a peaceful solution to the Ukraine crisis in a way that maintains the interests and national security of all parties

Dubai’s Emirates opens new check-in facility in Ajman

The new facility will help shrink customer queues from Ajman and the Northern Emirates

UAE reports 478 Covid-19 cases, 1,485 recoveries

The nationwide case count has risen to 880,451

New artificial intelligence and coding licence launched in Dubai

The licence offered by Dubai International Financial Centre can also serve as a gateway to obtaining UAE Golden Visas

Carrefour BIO

Carrefour launches its first Bio store in Dubai

Located in City Centre Me’aisem, it features the retailer’s first-ever café and an in-store hydroponic farm

Sheikh Mohammed inaugurates The Digital School at Expo 2020 Dubai

Over 20,000 students will be registered in the first year, with the goal of increasing the number of students to one million in the next five years

Sheikh Mohammed bin Rashid Al Maktoum

UAE cabinet approves housing loans budget of Dhs12bn for Sheikh Zayed Housing Programme

The cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met at Expo 2020 Dubai

How UAE is fast becoming an ideal hotspot for blockchain startups

The country offers a business-friendly environment for crypto and blockchain-based businesses

Dubai road-toll operator Salik to seek about $1bn in IPO

Salik road-toll system lines up BofA, Emirates NBD, Goldman for Dubai IPO

It wasn’t clear yet what valuation Salik will seek

Uber’s Careem is latest investor in Egyptian food delivery scene

Egypt’s food delivery market is worth an estimated $2.8bn

Covid-19 test

Abu Dhabi revises cost of PCR test to Dhs40 across the emirate

The directive is effective from today, March 1

UAE reports 605 Covid-19 cases, 1,571 recoveries

The nationwide case count has risen to 879,973

UAE raises fuel prices for March 2022

It is the second straight month that fuel prices have risen

Brookfield to buy 60% of First Abu Dhabi Bank’s payment arm

The bank’s payments business was valued at $1.15bn

Emirates Global Aluminium reports $1.5bn in net profit for 2021

Revenue totalled $6.9bn in 2021, compared to $5.1bn in 2020

Dubai Airport

Dubai’s Emirates suspends partner airline flights to select cities in Russia, Ukraine and Belarus

Emirates said that the decision was made due to the closure of airspace over certain areas

Bahrain to hire advisers for privatisation of state oil firms

Bahrain produces about 200,000 barrels a day

Meta

Meta announces new initiative to upskill UAE startups and SMBs

The Ministry of Economy’s Entrepreneurial Nation project intends to provide support to startups through a series of public-private partnerships

Saudi oil discovery

Saudi announces discovery of natural gas fields across four regions

Saudi Aramco has discovered the five fields that can produce over 100 million cubic feet per day of natural gas in total 

UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

Dubai Real estate

Dubai releases first-ever official residential rental performance index

The Dubai Land Department coordinated with Property Finder to launch the inaugural edition of the index

How the UAE’s new corporation tax will benefit businesses in the region

Overall, the tax rate will be a big win for the region’s businesses

Tourism airport

Special report: The power of the GCC as a source market for global tourism

The size and monetary value of the outbound GCC tourism market were never in question – but what are its challenges, opportunities and key growth drivers in the foreseeable future?

Dubai UAE

UAE: No pre-departure PCR tests for inbound vaccinated travellers, masks not mandatory outdoors

The easing of the Covid-19 precautionary measures is effective starting Saturday, February 26, 2022

Saudi’s Dar Al Arkan unveils Dhs1bn W Residences Dubai – Downtown

The tower consists of 384 exclusive, high-end residences, which will be managed by Marriott International

Covid-19 update: UAE reports 696 cases, 1,916 recoveries

The nationwide case count has risen to 878,102

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades

Emirates

Emirates to operate five additional flights between Dubai and Kuwait

The airline will operate the extra flights ahead of Kuwait National Day holidays

boursa kuwait

Kuwait bourse plans derivatives trading amid push for more IPOs

The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year