ABu Dhabi Airports announces passenger and freight numbers for H1 2022

Abu Dhabi Airports welcomes 6.3 million passengers in H1 2022, as travel demand spikes

Abu Dhabi International saw a 96 per cent rise in the number of scheduled passenger flights compared to H1 2021

Careem Express

UAE-based Chatfood announces partnership with Careem Express

The collaboration will help restaurant merchants access a delivery fleet at the click of a button

Sony PS5

Sony unveils high-end PS5 controller with parts you can mix and match

The company is yet to specify a price or release date for the new DualSense Edge wireless controller

Palm Sports wins government contract for Dhs306m

IHC subsidiary Palm Sports renews government service agreement valued at Dhs306m

Palms Sports, which provides combat sports and jiu-jitsu training, has been awarded Dhs711 million in contracts so far this year

National Bonds launches programee for Emirati women's Day/ Rehab Lootah - DGCEO

National Bonds launches ‘Tejouri Al Emarateyat’ programme to empower Emirati women

National Bonds has designed a mobile app and website to make the programme easy to use and more accessible

Celonis funding round

Qatar leads investment round in Celonis at $13bn valuation

The latest funding came as an extension of last year’s Series D investment round

QatarEnergy

QatarEnergy awards contract for 875MW solar power plants

These plants are to be built in Mesaieed Industrial City and Ras Laffan Industrial City

single-use plastic

Sharjah to ban single-use plastic bags from January 1, 2024

Sales outlets will be committed to impose a tariff of no less than 25 fils as of October 1, on each single-use plastic bag given to the consumer

DBS Exchange

DBS Exchange says Bitcoin trading surged amid global selloff

The quantity of the world’s largest token, Bitcoin, bought on the members-only exchange was four times higher than April

Sharjah real estate transactions in July revealed

Sharjah real estate transactions’ value hits Dhs1.4bn in July: SRERD

According to the Sharjah Real Estate Registration Department, the number of mortgage transactions in July reached 338 in total, valued at Dhs487m

SCZone in Egypt

Four global firms shortlisted for $2bn industrial project in Egypt

Hyundai, Samsung, Technip Energies and Tecnicas Reunidas are competing to construct a chemicals complex in the Suez Canal Economic Zone

Eid Al Fitr holidays for schools

UAE: Students above age 12, staff must provide negative PCR test result for new academic year

Wearing face masks remains mandatory inside closed areas

Apple India

Apple plans to manufacture iPhone 14 in India

The company has been working with suppliers to ramp up manufacturing in India and shorten the lag in production of the new iPhone

Emirates Global Aluminium

UAE’s Emirates Global Aluminium reports $1.6bn in net profit for H1 2022

The company’s revenue for the first half of the year stood at $5bn, compared to $2.9bn in H1 2021

Zywa

Teen-focused fintech startup Zywa raises $3m seed round

Zywa is reimagining financial services for Gen Z through gamified learning and community building

RTA, ARCAB to collaborate

Dubai’s RTA to trial smart app to meet demand for medium-sized bus services

The platform will play a vital role in generating demand for micro-mobility networks by opening routes for medium-sized buses, aiming to attract a new segment of riders

Zoom

Zoom slumps as video-conferencing company cuts sales forecast

Fiscal second-quarter sales increased 7.6 per cent to $1.1bn

Managing director Cisco

Cisco appoints Abdelilah Nejjari as managing director for Gulf region

Nejjari brings over two decades of diverse experience in ICT and executive leadership to the role, including more than 15 years with Cisco

Hussain-Sajwani Chairman DAMAC Properties

Damac Group’s Hussain Sajwani keen to explore investment opportunities in Germany

The company is looking to expand its footprint in Europe, having entered a joint venture in Denmark to build single family residential developments across Scandinavian countries

Huspy

UAE proptech startup Huspy acquires Just Mortgages, Finance Lab

The founders and employees of both businesses will join Huspy

Middle East to face airline pilot shortages within the next two years

Middle East to face airline pilot shortages within next two years: Oliver Wyman

The regional shortage could start as early as the end of this year, reaching an estimated 3,000 pilots by 2023 and 18,000 by 2032

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities

UAE non oil trade crosses Dhs 1 trillion

UAE’s non-oil trade rises 17% to exceed Dhs1tn in H1 2022

The UAE’s non-oil exports were close to Dhs180bn, reflecting a growth rate of 8 per cent over the same period last year

Al Bateen Executive Airport reopens after refurbishment

Abu Dhabi’s Al Bateen Executive Airport reopens following major refurbishment

The project involved upgrading and refurbishing the airfield ground lighting to certify the airport to operate Code 4D aircraft

BMW begins concept testing all-electric high performance models

BMW commences concept testing for all-electric high-performance models

BMW, which is celebrating its 50th anniversary, launched the all-electric iLi MS0 performance car this year, with the launch of the i7 M70 to follow early next year

Abu Dhabi DoE_Low Carbon Hydrogen Policy and Regulatory Framework

Abu Dhabi DoE to develop hydrogen policy, regulatory framework

The DoE expects to report on the outcomes of the policy and regulatory framework before the end of the year

Bitcoin

Bitcoin nurses losses as momentum gauge flashes price warning

The largest crypto was little changed at $21,330 as of 7.40am in London on Monday

Cover story: Why Kuwaiti entrepreneur Talal Al Ajmi is heavily invested in the future

Founder and CEO of VI Markets, Talal Al Ajmi tells us how investing in technology has been key to his company’s growth

Data storage

Insights: The data storage behind smart and safe cities

While adoption of digital technologies have brought a new era of progress, it can sometimes be hard for the untrained eye to recognise innovations in every-day life

Etihad

UAE’s Etihad Airways to ramp up flights to New York from November

From November 15, a total of 11 weekly services will connect Abu Dhabi to New York