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DMCC to install solar panel parking shades across Dubai’s JLT district

Once DMCC’s 6.3MW project is complete, JLT will be home to one of the UAE’s largest district solar car shade installations

Dubai real estate

How Dubai’s secondary residential market has gained momentum

Early indicators show positive trends for the secondary residential market

UAE corporate tax: Key elements to consider

The UAE will likely continue to attract highly qualified individuals into the country

Covid-19 cases July 27

UAE reports 347 Covid-19 cases, 882 recoveries

The nationwide case count has risen to 889,452

Abu Dhabi’s Multiply Group to invest Dhs367m in DEWA IPO

In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola

Dubai

Dubai to get new entity to protect consumer rights, ensure fair trade

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has directed the establishment of the entity

UAE: Unit 2 of Barakah nuclear energy plant starts commercial operations

Unit 2 adds a further 1,400MW of clean electricity to the national grid

District 2020’s entrepreneurship programme to welcome first cohort of 85 startups, small businesses

The Scale2Dubai programme attracted more than 3,200 applications from 129 countries

Alpha Dhabi invests Dhs367m in DEWA’s IPO

The investment has been made through its subsidiary Alpha Dhabi Partners Holding

Cybersecurity firm Dragos announces opening of Dubai office

The office houses industrial cybersecurity staff and training centre

Khalifa University first in UAE to make courses globally available on Coursera

The university joins top institutions in Saudi Arabia and Jordan to make relevant content accessible to online learners

Etihad Airways

Etihad: New co-branded credit card gives complimentary gold tier status

The Emirates NBD Etihad Guest Visa Credit Cards are available as Elevate and Inspire variants

UAE’s DEWA IPO subscription period opens today

The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn

Natural History Museum Abu Dhabi

Abu Dhabi to open Natural History Museum in 2025

The museum, currently under construction, is located in the Saadiyat Cultural District

Abu Dhabi’s ADQ, Turkey Wealth Fund launch $300m venture capital fund

The fund will invest in companies developing emerging technologies or improving existing ones in key sectors

KFC Operator

Middle East KFC operator starts early talks over listing

Discussions are ongoing, but no advisers have been hired

Dubai’s Shuaa Capital launches $250m venture debt fund

The fund claims to be the largest venture debt fund in the GCC

UAE reports 332 Covid-19 cases, 974 recoveries

The nationwide case count stands at 888,715

ADNOC

Abu Dhabi’s ADNOC signs agreements with German companies to collaborate on clean hydrogen

The partnerships build on ADNOC’s position in Asian clean hydrogen markets

Dubai’s Emirates to boost services to Melbourne

The carrier’s Australian operations will increase to 42 weekly flights

Museum of the Future signs partnerships with RTA, Emirates, Audi, among others

These partnerships support the museum’s role in enhancing Dubai and the world’s readiness for the future

Abu Dhabi Fund for Development opens five colleges in Jordan

The colleges were built with ADFD funding worth Dhs80.3m

Flydubai

Flydubai to temporarily operate flights to 34 destinations from Dubai World Central

The Roads and Transport Authority will provide a complimentary bus service between all terminals at DXB and DWC every 30 minutes

UAE reports 316 Covid-19 cases, 958 recoveries

The nationwide case count stands at 888,383

Abu Dhabi Islamic Bank approves cash dividend equalling 48.5% of net profit for 2021

The bank’s shareholders also elected a new board of directors

Emirates Draw

UAE-based Dhs100m Emirates Draw to allow entries to be purchased using crypto

Emirates Draw has signed a partnership with YottaChain International Holding to allow the use of Tether to purchase entries

Dubai Airports to close DXB’s northern runway for 45 days

A number of flights will be redirected to Dubai World Central to limit the impact on service

UAE cabinet

UAE Cabinet approves strategy to regulate operators of crowdfunding platforms

The UAE Cabinet met at the Expo 2020 Dubai during which a number of initiatives and legislations were approved

UAE’s ADGM, FSRA look to amend capital markets framework

ADGM’s FSRA has published a paper proposing wide-ranging amendments covering virtual assets, securities, derivatives, commodities and benchmarks