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Dubai Chamber Israel meeting

Dubai International Chamber to open representative office in Israel

Dubai International Chamber has identified the Israeli market among its top 30 priority markets

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange’s market capitalisation hits $545bn

The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn

Abu dhabi judicial

Abu Dhabi Judicial Department launches auction app to bid directly

The app also has the ability to bid directly from a distance and complete all procedures in easy steps, in accordance with established legal procedures

Covid-19 cases July 25

UAE reports 572 Covid-19 cases, 530 recoveries

The nationwide case count has risen to 912,086

Indonesian government

Indonesian government lists two sukuk valued at $3.25bn on Nasdaq Dubai

The Indonesian government is one of the largest sukuk issuers on Nasdaq Dubai

Toufic Kreidieh, Co-founder and CEO of Brands For Less Group

Brands For Less’ Toufic Kreidieh on the company’s recent expansion

The co-founder and CEO spoke to Gulf Business about the company’s recent expansion to Qatar and other key retail trends in the region

Emirates

Dubai’s Emirates, South Africa’s Airlink activate codeshare partnership

Emirates currently offers double daily flights to Dubai from Johannesburg, daily flights to Dubai from Cape Town and five weekly flights to and from Durban

Sheikh Mohammed launches school model offering free education

The Generation Schools will adopt national curricula supervised by Emirates Schools Establishment, the tuition fees will be fully covered by the government

DP World

Canada fund CDPQ to invest $5bn in DP World’s Dubai assets

The Montreal-based pension manager will take a 22 per cent stake in DP World’s Jebel Ali Port, Jebel Ali Free Zone and the National Industries Park

Covid-19

UAE reports 579 Covid-19 cases, 476 recoveries

The nationwide case count has risen to 911,514

Inflation doesn’t stop UAE’s biggest business upswing this year

The rate of job creation in UAE was the quickest in seven months despite the inflation

World Environment Day: Scaling a circular economy

We look at some companies in the UAE that have championed a circular economy, while promoting sustainability and conscious consumerism

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 bin Zayed orders completion of pending housing grant applications

The President has ordered the completion of all housing grant applications through the Sheikh Zayed Housing Programme, at a total cost of around Dhs2.3bn

landfills

Dubai Airports’ new initiative to divert 60% of DXB’s waste from landfills by mid-2023

The food waste plan was created in partnership with Sharjah’s Beeah Group

Digital wallet

Did you know that over half of the UAE population use digital wallets?

The survey was commissioned by Checkout.com and conducted by YouGov, polling over a 1000 UAE residents during May 19 and May 24, 2022

Flydubai

Flydubai to resume flights to Abha in Saudi Arabia

Flights will commence with a daily service, from Dubai International’s Terminal 2

Adnoc borouge

ADNOC delivers fourth consecutive record-setting IPO on ADX

The retail offering, which attracted higher retail demand than any UAE IPO in nearly 20 years, was 74 times oversubscribed

Al Jalila Foundation accepting cryptocurrency

Al Jalila Foundation to accept cryptocurrency donations

Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good

UAE reports 593 Covid-19 cases, 506 recoveries

The nationwide case count has risen to 909,815

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

Sheikh Mohammed issues law to establish Dubai Media Council

The council will develop Dubai’s media strategy and oversee its implementation

dnata

Dubai’s dnata to invest $100m in green operations in next two years

Earlier this year, dnata committed to reducing its waste to landfill by 20 per cent by 2024

UAE Covid-19

UAE reports 575 Covid-19 cases, 449 recoveries

The nationwide case count has risen to 909,222

Duque free zone launches in Dubai

DUQE free zone launches operations from Dubai’s QE 2 hotel

DUQE has allied with PCFC to offer full integrated support to entrepreneurs to help them set up and expand their business

emirates

Luxury on a budget: Emirates begins booking for its premium economy

From June 1, 2022, the carrier has commenced premium economy bookings on routes to London, Paris and Sydney

schools

Sharjah Private Education Authority, Arada partner to design future schools

The agreement will also see the launch of joint training programmes, initiatives and events to promote the educational sector in Sharjah

Sukuk

Sharjah’s Arada raises $350m via dollar sukuk, lists on London Stock Exchange

The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size

Ajman Free Zone

Ajman Free Zone reports 45% growth in e-commerce sector in 2022

Warehousing solutions are a core focus within the freezone’s operations

Middle East IPOs

Middle East IPOs on track for best ever first half as oil surges

IPOs in the Middle East have fetched $11.4bn in the first five months of the year

Monkeypox

UAE reports four new cases of monkeypox

The health ministry has urged all to follow appropriate preventive measures

UAE reports 442 Covid-19 cases, 394 recoveries

The nationwide case count has risen to 908,647