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New Takaful provider

Dubai, Abu Dhabi companies to merge to create new Takaful provider

The merged company would benefit from cross-selling opportunities via increased geographic footprint and via capitalising on larger underwriting capacity

Eid Al Fitr holidays for schools

Eid Al Fitr holidays announced for schools across Dubai

Schools in the emirate will remain closed from Monday, May 2 until Sunday, May 8

air arabia gujarat

Air Arabia Abu Dhabi to begin flights to Indian city in Gujarat

It represents the seventh city in India that Air Arabia Abu Dhabi will connect with direct services

Expo 2020 dubai sme

Expo 2020 Dubai awarded SMEs contracts worth Dhs6.8bn

It represents over a quarter of all Expo 2020 Dubai contracts in terms of value

Swvl

Swvl buys Turkish transit firm Volt Lines in latest deal spree

Volt Lines serves customers and corporate clients in Turkey with an alternative to public transportation and personal ride-hailing services

damac metaverse

UAE’s Damac Group to invest $100m in metaverse project

Damac has established a new division called D-Labs which is led by Ali Sajwani and dedicated to the metaverse initiative

UAE reports 215 Covid-19 cases, 358 recoveries

The nationwide case count has risen to 897,351

Rainfall

UAE weather update: Overcast conditions, rainfall expected for rest of the week

The UAE recorded its lowest temperature of 20°C at the Ras Al Khaimah International Airport at 5am local time today

DIFC Courts

Sheikh Maktoum approves three-year Dubai International Financial Centre Courts Strategic Work Plan

It includes 28 projects with a specific push on digital transformation measures of services and procedures

Adnoc

Adnoc, Borealis seek $2bn from IPO of plastics JV

The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter

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

Sheikh Mohammed approves Dhs6.3bn housing package for Emiratis in Dubai

The development of a new housing complex in Al Khawaneej area 2, which will include 1,100 residential villas, was also approved

Suez Canal Economic Zone

UAE’s Masdar signs agreements to develop green hydrogen plants in Egypt

Egypt hosts abundant solar and wind resources that enable renewable power generation at competitive costs

How to measure your path of productivity

It’s not about how much you do, but it’s about doing the right thing at the right time

zero watse

Hastening the UAE’s journey to zero waste

A good way to encourage recycling and composting is to make it expensive to put things in landfill

Covid-19

UAE reports 259 Covid-19 cases, 396 recoveries

The nationwide case count has risen to 896,631

Etihad

Abu Dhabi’s Etihad reduces carbon footprint by 56% between 2018-2021

Etihad aims to reach net zero emissions by 2050

Digital wallet

Careem Pay launches peer-to-peer transfer facility and digital wallet in the UAE

It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions

Eid holidays

Eid Al Fitr 2022: Holidays declared for private sector employees in UAE

They will either receive a four- or five-day weekend contingent on the sighting of the moon which will indicate the end of Ramadan

Emirates NBD

Dubai’s Emirates NBD reports 18% rise in net profit for Q1 2022

Total income increased 3 per cent year-on-year to Dhs6.4bn

UAE reports 231 Covid-19 cases, 217 recoveries

The nationwide case count has risen to 896,372

UAE Central Bank launches two new banknotes

The new banknotes are the third issue of the national currency

Covid-19 protocols

UAE schools to resume trips, all activities under updated Covid protocols

The updated Covid protocol will come into force on Thursday, April 21

Eid Al Fitr 2022: UAE announces holidays for federal government employees

The paid holidays will begin from Saturday, April 30

Dubai-Internet-City Tecom Group

Dubai business park operator Tecom plans book-build IPO

Tecom plans to list its shares on the Dubai Financial Market

solar energy

UAE’s AMEA Power to build two solar power projects in Morocco

The two plants will be located in Taroudant, in the Souss-Massa region and in El Hajeb, in the Fès-Meknès region, each with a production capacity of 36MW

Dubai

Watch: Trailer of new documentary that chronicles Dubai’s fight against Covid-19

The first segment of the two-part documentary will air on Discovery on May 7

AIr Arabia

Air Arabia to resume flights to four cities in Saudi Arabia

The airline will start flying to the four destinations from April 28

Covid cases July 15

UAE reports 249 Covid-19 cases, 385 recoveries

The nationwide case count has risen to 896,141

UAE money laundering prosecution office

UAE to launch domestic dirhams Treasury Bonds worth Dhs1.5bn

The securities will be auctioned and traded through Bloomberg’s Auction System and settled through a local platform

Sharjah Entrepreneurship Foundation 'Ruwad' registered 214 new projects in 2021

Sharjah: Over 17,000 business licences issued and renewed in Q1 2022

It marks a growth rate of 7 per cent over, or 1,139 licences, over the same period in 2021