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UAE

Five imperatives to capitalise on greater digital transformation returns

As many as 30 per cent of companies worldwide are well on their way to achieving complete digital transformation

Christie's Dubai

Christie’s Dubai to conduct Middle East’s most valuable watch auction this month

Nearly 200 lots estimated at between $9m-$15m are available for bidding online from March 24-April 9

Covid-19 update: UAE reports 2,101 cases, 10 deaths

The nationwide case count has now risen to 434,465

UAE schools

No decision yet on model for next academic year – UAE Ministry of Education

It came after media reports this week stated that the authorities in the country had decided to extend the hybrid learning system into the next academic year

Vadim Fedotov, CEO and co-founder of Bioniq

Interview: Vadim Fedotov, CEO and co-founder of bespoke micronutrients producer bioniq

Bioniq, a personal health management startup which recently entered the UAE, uses AI and machine learning to offer bespoke nutrition supplements

Walid El-Hindi Shuaa Capital

Shuaa Capital appoints Walid El-Hindi as CEO of real estate division

Shuaa’s real estate investment portfolio is reported to be worth over $11bn

Sharjah

Sharjah registered real estate transactions worth Dhs3.5bn in February 2021

The Al Rugaiba area recorded the highest number of sales

Ras Al Khaimah Economic Zone gaming

Ras Al Khaimah launches gaming business packages with 3-year UAE residency visas

Packages start from Dhs7,725, and business owners are being offered the same renewal rate for the lifetime of their business

Abu Dhabi utility Taqa to weigh sale of oil and gas assets

Taqa built its oil and gas unit mostly through acquisitions

OPPO introduces all-5G Reno5 series in the UAE

Reno5 series incorporates advanced AI-powered photography features

AD Gaming formed to further gaming sector in Abu Dhabi

Global video game industry predicted to hit $300bn by 2026

Sheikh Mohammed forms tribunal to resolve disputes of inherited property

Members of the tribunal will include legal, financial and real estate experts

Covid-19: UAE reports 2,051 infections; nationwide case count crosses 432,000

The death toll in the UAE stands at 1,414

How Britain and the GCC are shaping the future of education in a post-Covid world

Gulf schools have proven themselves to be resilient, innovative and avid adopters of the latest digital solutions

UAE money laundering prosecution office

UAE gross bank assets at Dhs3.172 trillion at the end of January

Gross credit in the banking system grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021

UAE 5G devices

UAE to examine and certify all 5G mobile phone devices in National Laboratory

The National Laboratory has been equipped with the necessary equipment to examine these mobile devices and ensure that they meet the approved technical standards

Abu Dhabi court fines four people, jewellery firm Dhs90m for money laundering, fraud

Each of the four defendants has been handed a five-year imprisonment term followed by deportation and a fine of Dhs10m

Covid-19: UAE national vaccination campaign achieves 52.46% of target category

The country has provided nearly seven million vaccine doses to more than 205 medical centres

ADNOC Distribution

UAE’s ADNOC Distribution changes share dividend policy

It confirmed a minimum Dhs2.57bn dividend for 2022

Ramadan 2021 UAE

New Covid-19 rules announced for Ramadan 2021 in UAE

Officials advised that only members of a family living in the same household should share meals

Multi-mode noise cancellation earbuds from Soundcore now available in UAE

Liberty Air 2 Pro Air 2 Pro offer ANC without cutting off users from the surroundings

Sheikh Khalifa announces 2021 as Year of the 50th

The ‘Year of the 50th’ officially starts on April 6, 2021 and lasts until March 31, 2022

Biggest aluminum maker in Middle East sees prices staying high

Emirates Global Aluminium said earnings before interest, tax, depreciation and amortization were Dhs4.1bn in 2020

Saudi Arabia’s Almarai acquires Bakemart in UAE, Bahrain

The acquisition is fully financed from Almarai’s operating cash flow

Counterfeit Toyota parts worth Dhs10.5m confiscated in the UAE in 2020

A total of 21 raids were conducted for counterfeit parts during 2020

Meyan Mall Dubai

New Meyan Mall near Burj Al Arab in Dubai to open in April 2022

The mall consists of a ground level, two floors above it and two levels of basement parking

Dubai Municipality goes 100% paper-free

The Municipality provided 1,877,987 smart digital transactions in 2020

UAE Central Bank

Overall liquidity in UAE banking system back to pre-Covid levels – Central Bank

The Central Bank of the UAE projects the country’s real GDP to increase by 2.5 per cent in 2021

Dubai citizenship by investment

Dubai closes immigration office promoting UAE citizenship by investment

The immigration office promised assistance to investors who had a net worth of at least Dhs100m and charged $10,000 as processing fee for the application

pensions of UAE Nationals working in the emirate’s public schools to 80%

Private schools in Dubai will not increase tuition fees next year, KHDA says

The annual Education Cost Index (ECI) for this year stands at -2.58 per cent