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UAE reduces fuel price in August

UAE reduces fuel prices for August 2022

The price of Super 98 has been reduced to Dhs4.03 per litre in August

Dubai property sales see record high in June 2022_e1655190951740

Dubai: June property sales register nine-year high, sales transactions amount to Dhs22.7bn

According to Mo’asher data, Q2 2022 marked the highest quarterly volume of sales transactions for the last decade, with a total of 22,504 transactions worth Dhs59.154bn

Dubai Financial Market announces H1 2022 results, posts net profit of Dhs63.4mn

Dubai Financial Market posts net profit of Dhs63.4m for H1 2022

The company’s total consolidated revenue reached Dhs163.8m in H1 2022 compared to Dhs136.6m during H1 2021

Restaurant Review- Basko’s Summer Brunch in Dubai

Restaurant Reviews: Basko’s Summer Brunch in Dubai

The venue boasts a colorful chic interior, retro tunes, distinctly curated beverages and a delicious menu

Inside the Amazon Abu Dhabi Delivery Station

Inside Amazon’s largest delivery station in the UAE

Gulf Business recently visited Amazon’s largest delivery station in Abu Dhabi to get the details

Forever 21 expands in the Middle East and South East Asia

Forever 21 expands in the Middle East and South East Asia

The group opened a 12,000sq ft store at Dubai’s Ibn Battuta Mall last week, which signals its expansion strategy across the two markets

UAE Hijri New Year 2022

Hijri New Year in UAE: Public parking and toll charges free

Saturday, July 30 has been declared an official paid holiday for all public and private sector employees in the UAE

UAE Kenya sign CEPA

UAE, Kenya to sign Comprehensive Economic Partnership Agreement

The UAE-Kenya CEPA will be the first bilateral trade deal that the UAE seeks to sign with an African nation

Borouge announces strong revenue growth of 16.4% YoY

Borouge announces strong revenue growth of 16.4% for H1 2022

Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m

Etihad Airways records $296m first-half profit

Etihad Airways reports core operating profit of $296m in H1 2022, as travel demand recovers

Eithad Airways carried 4.02 million passengers in H1 2022, over 3 million more than last year, with an average seat load factor of 75 per cent

UAE weather: Rains continue, several wadis flooded, NCEMA held a special briefing

Floods hit several regions of the UAE, including Sharjah, Fujairah and Ras Al Khaimah, due to heavy rains since July 27

National Bank of Fujairah H1 2022

National Bank of Fujairah announces net profit of Dhs150.5m in H1 2022

The lender recorded year-on-year growth of 97.5 per cent to close the six month period at a net profit of Dhs150.5m

Emirates NBD’s H1 2022 profit rises 11% to AED 5.3 billion

Emirates NBD reports profit of Dhs5.3bn, its highest since 2019

Emirates NBD played a leading role in both the DEWA and TECOM IPOs, delivering customers a fully digital platform

UAE’s ADX records its highest rise in market and trading value in Q2 2022: AMF

The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn

ADNOC Drilling confirms $2bn in contracts for Hail, Ghasha Gas Development Project

ADNOC Drilling confirms $2bn contract award for Ghasha mega project

The contracts are valued at $1.3bn for Integrated Drilling Services and $700m for the provision of four island drilling units

DEWA to co-organise World Green Economy Summit; aims to fulfill climate change commitment

DEWA to co-organise eighth World Green Economy Summit in September

The summit represents UAE’s efforts to strengthen regional and international cooperation, achieve climate neutrality and accelerate transition to a green economy

Daman insurance to provide healthcare to Ewaa

Daman insurance to provide free healthcare to Ewaa shelter beneficiaries

As per the MoU, Daman will provide free and full healthcare coverage to victims of human trafficking and domestic violence, under the care of Ewaa

Pension of UAE nationals working in Abu Dhabi public schools will increase to 80% of salary

Abu Dhabi: Pension for UAE nationals working in public schools to increase to 80% of salary

The Abu Dhabi Government will spend more than Dhs6.6bn to implement the new pension rate

Gemological Institute of America DMCC

Gemological Institute of America to set up laboratory in Dubai’s DMCC

The new lab, set to open in mid-2023, will be based out of two floors in Uptown Tower as part of a nine-year deal

Deutsche Bank

Abu Dhabi fund hires Deutsche Bank executive for real estate

Drew Goldman’s appointment is effective October 3

Gupta brothers UAE

South Africa applies for extradition of Gupta brothers from UAE

Rajesh and Atul Gupta were arrested in the UAE in June

Sultan Al Neyadi is the first Arab astronaut to join the six-month mission to the International Space Station (ISS)/ Pic: MBRSC

UAE’s Sultan Al Neyadi chosen to be first Arab astronaut to join ISS mission

Al Neyadi will conduct many in-depth and advanced scientific experiments during the six-month space mission scheduled to launch in 2023

UAE companies Fuel

Fuel reimbursement expenses for UAE companies increase by 38% – report

Travel reimbursements have also seen steady month on month increase with peaks in May and June this year

Covid-19 cases July 25

UAE reports 1,298 new Covid cases, 1,157 recoveries

The Covid-19 nationwide case count has risen to 984,267

Borouge 4 construction to commence in Ruwais

Borouge 4 construction to commence in Ruwais, early phase underway

Upon completion, the new project will add an additional 1.4 million tonnes of polyethylene

RTA and Cruise to operate two Chevrolet Bolt electric vehicles

RTA and Cruise to operate two Chevrolet Bolt electric vehicles

Dubai is set to become the first city outside the US to operate Cruise’s driverless vehicles by 2030

Dubai Higher Committee approves allocation of 2000 residential land plots

Dubai Higher Committee approves allocation of 2,000 residential land plots

The step comes as part of the Housing Programme for Dubai Citizens, to meet the requirements and needs of Emirati families

La Voile Rouge

Restaurant Reviews: French Mediterranean cuisine at La Voile Rouge

La Voile Rouge presents a lavish fine dining experience that transports you to the tropical sceneries and seashore flavours of France

UAE monkeypox

UAE detects three new monkeypox cases

The Ministry of Health and Prevention has urged all community members to follow appropriate safety precautions while travelling and moving in large crowds

Federal Tax Authority

UAE Federal Tax Authority conducts 9,948 inspection visits in H1 2022

Inspections conducted in the first half of 2022 increased by 104 per cent compared to 4,878 conducted in 2021