Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold edges higher as greenback wavers amid hawkish rates stance

Bullion ended Monday little changed after tumbling to the lowest level in a month

green hydrogen masdar uniper

Saudi’s Alfanar, SCZone to launch $3.5bn project to build green hydrogen plant in Egypt

The $3.5bn project will use renewable energy sources and produce 500,000 tons of green ammonia from 100,000 tons of green hydrogen annually

CBUAE launches new website

UAE’s Central Bank launches new corporate website with interactive digital services

The website provides the latest financial and monetary news, research and statistics on the UAE and CBUAE regulations

Dubai’s RTA begins inspection campaign, buses of 286 schools and nurseries to be checked

The inspection covers the security, safety and cleanliness of buses, and permits for drivers and attendants along with their compliance with assigned tasks

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Emirates Islamic offers Visa cardholders a chance to watch FIFA World Cup live

Customers stand a chance to win an all-expense paid trip for two to the final, semi-finals, quarter-final and opening matches

Empower reports robust growth of 41.3%

Empower reports 41.3% rise in buildings using district cooling over last five years

Among the buildings that are serviced within Empower’s portfolio, the residential sector tops the list of the company’s clients with 64 per cent

Oil holds gain as investors assess supply, possible OPEC+ cut

The Organization of Petroleum Exporting Countries and its allies convene on September 5

Finnair

Finnair to launch daily services between three Nordic capitals and Doha

The services will be operated with Finnair’s Airbus A330 aircraft

Virtuzone Binance

UAE’s Virtuzone to accept cryptocurrency payments via Binance Pay

Via this partnership, Virtuzone seeks to advance the use of cryptocurrencies and blockchain technologies in the country

China’s Grid Giant expands presence through DIFC to advance region’s energy transition

State Grid Corporation of China sets up first office in DIFC

The total overseas investments amount to $23.2bn and its overseas equity capital is approximately $65bn

Hybrid work

Key tips to maintain security in hybrid work environment

To raise awareness about security and ensure a safe user experience, Cisco highlights key steps users can take to safeguard from potential cyberattacks

EDB application

Emirates Development Bank to approve loans of up to Dhs5m to SMEs, startups within five days

The lending service will be available for UAE-based SMEs and startups operating in one of EDB’s five priority sectors, which are manufacturing, healthcare, food security, advanced technology and infrastructure

Inery

Inery Blockchain launches its first public testnet

The Inery public testnet will allow developers to test the different functions and features of the blockchain

Dubai Customs Dell

Dubai Customs opts for Dell Technologies to accelerate digital transformation

Dubai Customs chose a combination of Dell’s next-generation data protection and backup solutions to meet the organisation’s data protection needs

Mohamed Alabbar to acquire stake in YNAP from Richemont

Mohamed Alabbar to acquire stake in Yoox Net-a-Porter from Richemont

Alabbar’s investment vehicle, Symphony Global will acquire a 3.2 per cent stake of YNAP’s share capital, while Farfetch will take 47.5 per cent

DGCX ties up with FinMet

Dubai Gold & Commodities Exchange, FinMet collaborate to expand DGCX gold product offering

FinMet will provide bullion market analysis and advisory services to DGCX ahead of the planned launch of new gold products

Saudi's Mawani and ZATCA

Saudi’s Mawani and ZATCA sign deal to regulate joint activities

The deal will be instrumental in supporting the Fasah platform in addition to streamlining operational efficiency and boosting competitiveness at Saudi ports

NASA flight to moon

NASA’s return to the moon starts with critical test flight

The objective is to demonstrate the Orion capsule can be safely launched and recovered before an attempt is made with a human crew

RTA completes 55 per cent of construction at Falcon Interchange/ pic: Dubai Media Office

Dubai’s RTA completes 55% of construction on Falcon Interchange project

Al Shindagha Corridor Project is one of the biggest projects currently undertaken by RTA, and has been split into seven phases

Oil eases at week’s open after top central banks warn on rates

Oil eases at week’s open after top central banks warn on rates

Crude prices are on course for a third consecutive monthly drop in what would be the longest losing run in more than two years

netflix-mac

Netflix eyes $7-to-$9 price for its new ad-supported plan

Netflix plans to introduce its new cheaper option during the final three months of the year in at least a half dozen markets

Paul and Elia GXR records

GXR Records, Dubai latest indie music label, to showcase regional artists globally

Launched by Dubai-based Galaxy Racer, the new music label will focus on developing talents in West Asia and North Africa

Bitcoin back down to around $20,000 after Jackson Hole caution

Numerous strategists have flagged $20,000 as a key point for Bitcoin

gold

Gold holds drop as Powell says rates likely to stay elevated

Bullion is heading for a fifth monthly decline, the longest such stretch in four years

Family businesses

Enduring legacy: Role of family businesses in the regional ecosystem

Family businesses have contributed significantly to the wider economic landscape, credited as major drivers of job creation and inclusivity

cartlow

How logistics companies are increasingly adopting sustainability practices

From reducing the overall amount of packaging used to enhanced delivery schedules that can be fulfilled in lesser trips, logistics companies are taking the sustainability route

QatarTourism campaign_David Beckham

Qatar Tourism launches new holiday campaign featuring David Beckham

The campaign reveals Beckham’s adventures around the country over the course of 48 hours

Israel

Calev’s newsroom: How Israel and the Gulf are cooperating on defence

The growing level of cooperation has been set in motion by the Abraham Accords

Audi Formula 1

Audi to join Formula 1 with racing car running on synthetic fuel

Audi will build a dedicated Formula 1 power train at a facility in Neuburg, Germany

On an upward trajectory: How the regional aviation industry is charting its recovery

As the aviation sector’s recovery has quickened, IATA recently upgraded its outlook for the industry’s financial performance this year