Bahrain opens preregisteration for monkeypox vaccine

Bahrain opens pre-registration for voluntary monkeypox vaccine

The vaccine will be administered to priority groups as per the set health protocols, including frontline health workers and those at high risk of exposure

Agthia group reports h1 2022 results

Agthia Group’s H1 2022 net profit rises 74% to Dhs118m

The company’s group net revenues hit Dhs2bn, up 51 per cent from last year

Twitter launches location spotlight

Twitter launches ‘Location Spotlight’, offers more tools for professionals

Professionals with physical business locations can now display their business address, hours of operation and contact information on the platform with the new feature

Menzies Aviation is now the world's largest aviation services company by number of countries

Kuwait-based Agility completes £763m acquisition of Menzies Aviation

The combined company will operate as Menzies Aviation and will be the world’s largest aviation services company by number of countries and second largest by number of airports served

Burjeel Holding / Burjeel Medical City

Burjeel Holdings records revenue of Dhs3.35bn for FY2021

The company’s earnings before interest, taxes, depreciation and amortisation were Dhs779m, and the profit reported was Dhs234m

Shell records strong performance in second quarter, adjusted earnings of almost $11.5bn

$6bn share buybacks are expected to be completed by Q3 2022 results

SD Centre for Entrepreneurship

The Entrepreneurial Nation, Huawei partner to launch ‘ScaleUp Digitize’ to support SMEs

The programme provides participants with virtual online training sessions on cloud computing, artificial intelligence, big data and storage technologies

Danube home opens in Mauritius

Danube Home signs new franchise with Hyvec Group in Mauritius

The first showroom is expected to open in November this year

OPEC+meeting

OPEC+ agrees to increase 100,000 barrels a day for September oil production

For July and August, the group had pledged to add more than 600,000 barrels a day to the market

Saudi-Aramco signs MoU with SInopec

Saudi Aramco, China’s Sinopec sign MoU to boost strategic collaboration

The companies are looking at opportunities to establish a local manufacturing hub in King Salman Energy Park in Saudi Arabia

Servomex sets up at AD Airport Free zone/ Image couretsy: WAM

Global gas services company Servomex launches operations at Abu Dhabi Airports Free Zone

Servomex designs, manufactures and distributes a wide range of industrial gas analysis products and services, including combustion analysers, process analysers, emissions analysers, and sensing technology

Crypto

Crypto Bridge Nomad drained of nearly $200m in security exploit

The software system was drained of funds over hours and in small batches by various accounts, blockchain data shows

Tomasz Wisniewski - CEO of Axiory Intelligence

Five tips for navigating the slippery slopes of uncertainty when trading

In uncertain times, riskier assets are less desirable, and safe haven instruments gain value

Airbnb readies $2bn buyback on surge in travel demand

Airbnb readies $2bn buyback on surge in travel demand

The San Francisco-based home-rental company said that nights and experiences booked in the second quarter rose 25 per cent to 103.7m

Cyberattacks

Here are the factors causing constant rise in cyberattacks

Organisations should understand what systems and data are critical for the business to function and first address the risks these systems face

ADX_Tradingview sign agreement to share data

UAE’s ADX, TradingView sign new data-sharing partnership

TradingView has a growing base of social traders, with around 30 million users and over one million paid subscribers around the world

7 Airbus A350F ordered by_Etihad Cargo

Etihad confirms order for seven Airbus NextGen A350F freighters

The A350F fully meets ICAO’s enhanced CO₂ emissions standards coming into effect in 2027

Gold holds gain as traders weigh outlook for Fed tightening path

Gold advances as traders weigh US-China tensions, hawkish Fed

Gold climbed as the dollar and bond yields retreated, with investors assessing US-China tensions and an apparent hawkish turn from the Federal Reserve

Tabby gets $150m credit facility

Tabby secures $150m credit facility from Atalaya Capital, Partners for Growth

Following Tabby’s Series B extension earlier this year, the fintech’s total capital raised to date amounts to $275m

Tecom announces H1 2022 results

Tecom Group H1 2022 net profit rises 43.4% to Dhs428m

TECOM’s revenue increased 15.8 per cent YoY driven by higher occupancy rates across commercial and industrial segments

Masdar Solar energy_pexels-pixabay-356036-800x526-1

Masdar announces financial close on Garadagh Solar PV Plant in Azerbaijan

The project will help to generate half a billion kilowatt-hours of electricity annually, enough to meet the needs of more than 110,000 homes

Oil declines as OPEC+ decision on production takes center stage

Oil declines as OPEC+ decision on production takes center stage

Ahead of the OPEC+ session, the American Petroleum Institute reported that US crude stockpiles expanded by more than 2 million barrels

UAE-Mongolia bilateral ties discussed pic courtesy: WAM

UAE and Mongolia look to strengthening bilateral ties

Non-oil trade between the two countries witnessed a 119 per cent growth in Q1 2022 compared to the same period in 2021

CAFU partners with Dubai Cares

CAFU, Dubai Cares partner to build school in Malawi

CAFU aims to raise Dhs154,000 in donations to help construct and run a primary school with two classrooms in one year.

Central-Bank passes new AML guidelines for PEP

CBUAE issues anti-money laundering guidelines related to ‘politically exposed persons’

These guidelines follow CBUAE’s recently introduced AML/ CFT guidance for licensed financial institutions on risks related to payments

BIO-R The Kusnacht Pratice

Rejuvenation for the body and mind

Globally acclaimed Swiss luxury treatment centre, The Kusnacht Practice, has launched a groundbreaking biomolecular rejuvenation treatment for the body and brain

MoCCAE, EDB sign MoU

Emirates Development Bank, MoCCAE sign MoU to support agricultural SMEs

The MoU will see the two parties identify collaboration opportunities in food security and also support SMEs and startups in the agriculture sector

Gross bank assets in May 2022 CBUAE

UAE: Gross banks’ assets in May reach Dhs3.442tn in May, reports CBUAE

CBUAE stated that gross credit grew by 2.6 per cent, rising from Dhs1.817tn at the end of April to Dhs1.865tn at the end of May

Apicorp H1 2022 results

Saudi Arabia-based APICORP reports net income of $52mn in H1 2022

The company’s total assets grew by 3 per cent year-on-year during 2022 to reach $8.26bn

RTA launches click and drive service

Dubai’s RTA announces launch of ‘Click and Drive’ initiative to enhance digital services

The authority also announced a series of initiatives in support of the digitisation of vehicle registration services, including a first-of-a-kind mobile eyesight testing service in the region