Mastercard partners with Michelin Guide Dubai

Mastercard partners with Michelin Guide Dubai as an official sponsor

List of restaurants in the first-ever Michelin Guide Dubai 2022 was released on June 21, 2022

ExpertBook B5

Asus launches refreshed models in ExpertBook B5 series

The thin, light ultraportable laptops are upgraded with 12th Gen Intel Core i7 vPro CPU

Crypto trading

Crypto trading volume tumbled in June to the lowest since 2020

The drop-off in trading volume has taken place across many platforms, including Binance, OKX and FTX

DFSA moves to an open window format for accepting ITL applications

DFSA moves to an open window format for accepting ITL applications

Since its inception in 2017, a total of 130 companies have applied to enter the ITL programme, with 67 applicants being accepted so far

Bitcoin

JPMorgan says Bitcoin cost of production may be down to $13,000

Bitcoin has struggled since hitting a high near $69,000 in November

Adventure project underway in Khorfakkan, says Shurooq

New adventure project under development in Khorfakkan

The project, which features a zipline, giant swing, dry slide and hiking tracks, will target adventure sports and outdoor enthusiasts

Facebook Profiles

Facebook users will be able to have up to five profiles

Additional profiles are required to adhere to Facebook’s content policies and will tie back to user’s core account

Oil

Oil set to end volatile week below $100 on slowdown concerns

West Texas Intermediate tumbled below $91 a barrel on Thursday

Majid Al Futtaim opens its first official CB2 Store in Dubai

Majid Al Futtaim opens its first official CB2 store in Dubai

The new store houses multiple categories including indoor and outdoor furniture, kitchenware, bedding, lighting, rugs, accessories and more

EDB and Valiant healthcare sign deal

Emirates Development Bank inks credit facility agreement with Valiant Healthcare

The agreement will extend financing for both capital investment and operational expenditures, allowing Valiant Healthcare to fulfill its expansions plans while accessing essential working capital

Gold

Gold set for longest run of weekly losses since 2018 on dollar

Gold slumped below $1,700 an ounce on Thursday for the first time in almost a year

Saudi Arabia airspace

Saudi Arabia opens airspace to all carriers

The move by Saudi Arabia marks a win for Joe Biden as he uses his visit to the region this week to advance US strategic interests

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

The agreements were signed with the Electricity and Water Authority in Bahrain

UAE-Turkiye meeting in July

UAE, Türkiye explore collaboration in energy, tech and industry

Türkiye accounts for more than three per cent of the UAE’s non-oil foreign trade and is its seventh largest trading partner

Air-Arabia-Abu-Dhabi-2nd anniversary on July 14

Air Arabia Abu Dhabi celebrates second anniversary

Air Arabia Abu Dhabi marked the inauguration of its operations with its first flight to Alexandria in Egypt on July 14, 2020

UAE's first Monoprix store opens in Dubai Hills launched by GMG

GMG opens French retail brand Monoprix’s first store in the UAE

Located in Dubai Hills, the French retail brand will offer food products and an exclusive range of home and beauty products

Emirates rejects LHR request to cut capacity

UAE-UK Travel: Emirates refuses London Heathrow request to reduce flights

Emirates plans to operate services as scheduled to and from London Heathrow until further notice

EFG-hermes concludes advisory on AUF Group-Agthia deal

EFG Hermes concludes advisory on Agthia’s majority acquisition of Auf Group

The transaction, upon completion, will see UAE-based Agthia owning 60 per cent of Egypt’s Auf Group

Wellfit

How technology is transforming the fitness industry

Enhancing user experience by combining both traditional and new-age methods is more important to keep people motivated

UAE to invest $2bn in India’s ‘food parks’

UAE announces investment of $2bn to set up food parks in India

Israel and US will bring state-of-the-art technologies and expertise to the food parks in India

QATAR summer festival commences _ GettyImages-1232572487-800x533-1

Qatar and Bahrain target tourists with summer festivals

Coinciding with Eid Al Adha, Bahrain and Qatar’s summer festivals began on July 11th and 14th, respectively

flydubai launches service to Samarkand; Registan square Samarkend, Uzbekistan

Budget carrier flydubai launches service to Samarkand

With the launch of operations to Samarkand, flydubai’s network has expanded to 102 destinations globally

OKX

Crypto exchange OKX gets Dubai licence, set to open hub in city

OKX has been granted a provisional virtual assets licence to provide services to qualified investors in the UAE

Bosch

Bosch to spend $3bn to bolster European chip supplies

The auto-parts supplier said that it will make the investment by 2026

Fintech e-commerce

How fintech is shaping the future of e-commerce

By integrating innovative fintech solutions, e-commerce businesses can enhance operations to deliver the ultimate customer experience

Hyundai Ioniq 6

Hyundai unveils Ioniq 6 in push to challenge Tesla

The Ioniq 6 can travel up to 610 kilometres on a single charge with its 77.4 kilowatt-hour battery

Honor Magic4 Pro

Here’s how Honor Magic4 Pro is transforming user experience

With innovative technologies and compelling features, Honor’s new flagship, the Honor Magic4 Pro is aiming to set new benchmarks in the smartphone industry

Gold

Gold wavers as traders again turn to greenback as haven

Bullion on Wednesday bucked a downward trend that’s seen it slide for four consecutive weeks

Oil

Oil price drops as surging inflation escalates slowdown concerns

Demand for motor fuel plunged last week to the lowest seasonal level since 1996

courtesy- WAM

Limo and e-hail sectors record 85% growth in H1 2022: RTA

According to Dubai’s Road Transport Authority, limos and e-hailing vehicles made 6.3 million journeys in the first six months of 2022