Oil sinks again on recession concerns and rising US stockpiles

West Texas Intermediate fell below $98 a barrel and has shed about 10 per cent so far this week

Abu Dhabi’s Etihad Airways unveils first NFT collection

The airline will allocate proceeds from the collection to purchase sustainable aviation fuel in 2022

Leveraging plastic_construction_workers

Insights: Leveraging recycled plastics in the construction sector

According to Plastics Europe, just under half of post-consumer recycled plastic is now used in building and construction, including for bricks and fences

Tabadul exchange hub launched by ADX and Bahrain Bourse

UAE’s ADX and Bahrain Bourse launch Tabadul Exchange Hub

Tabadul will enable investors to trade directly on both exchanges through licensed brokers across the two markets

KPMG Lower gulf

KPMG inks MoU with CPX Holding to boost cyber maturity in the UAE

The MoU will enable both organisations to share resources to help UAE businesses to unlock business value and strengthen growth

Remote work

Dutch approve to make work from home a legal right

The pandemic has fuelled a shift in attitudes about work

Why investing in innovation is paramount for the future

Bill Qian, head of Binance Labs, tells Neesha Salian about the company’s investment goals and why Web 3.0 is a key trend this year

OPEC secretary general, Mohammad Barkindo, passes away

He assumed the position of secretary general in August 2016

UAE reports 1,690 Covid-19 cases

The nationwide case count has risen to 956,382

AD Ports Group

Abu Dhabi’s AD Ports Group, SEG to create logistics cluster in Uzbekistan

AD Ports Group will establish its first foreign office in Uzbekistan to support the project

reits

Insights: Is the UAE utilising property REITs to its long-term benefit?

Local real estate investment trusts can benefit from a different approach to real estate lending by local banks and an enhanced legal framework to support their growth and popularity

G42 Healthcare offer 250 tests e1597901487805

G42 Healthcare ramps up efforts to offer clinical genetic testing solutions in the UAE

The company has launched over 250 comprehensive clinical genetic testing panels that use advanced sequencing technologies

Mercer survey employees in technology-

Tech talent earn higher salaries in Dubai than most other global tech hubs, reveals survey

The demand for tech talent in particular will continue to grow in the UAE given the nation’s drive to be a global capital of the digital economy

Infobip

Infobip on why businesses should invest in customer experience

Gregor Potočar, chief revenue officer at Infobip shares how firms should leverage market trends to ensure a seamless transition from start to purchase

ecosystem-as-a-service

Why ecosystem-as-a-service is the next frontier in finance

Increasing numbers of fintech institutions are outsourcing their digital banking strategies

Hands-on review Huawei Watch Fit 2

Hands-on review: Huawei Watch Fit 2

The smartwatch is said to bring users a fashionable, smarter, and more comprehensive health and fitness experience within its compact design

Copper

Copper crash deepens as recession fears dominate metals trading

Copper fell 1.1 per cent to $7,589 a ton on the London Metal Exchange as of 11.03am in Shanghai, dipping below the $7,597 intraday low on Tuesday

YAP

Dubai-based fintech YAP raises $41m to fuel growth

The company plans to complete its Series A by the end of the year

Dining deals for Eid Al Adha

A round-up of Eid dining deals across the UAE

Saudi Arabia raises oil prices for Asia with demand holding up

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Tecom Group commences trading on the Dubai financial market

Tecom Group commences trading on Dubai Financial Market

A total of 625,000,000 shares, equivalent to 12.5 per cent of Tecom Group’s issued share capital, were issued

Ewallet

UAE telco e& rebrands eWallet to transform fintech space

UAE citizens, residents, and businesses will benefit from e& money through an enhanced customer experience

Covid

UAE reports 1,732 Covid-19 cases, 1,769 recoveries

The nationwide case count has risen to 954,692

Zand gets license from the Central Bank of UAE

Digital lender Zand receives licence from UAE Central Bank

Zand is now authorised and regulated to operate as a fully independent commercial bank

Bitcoin

Bitcoin hints at a bottom, but it may be different this time

Assets under management for crypto investment products in June reached a record low

Neom

Saudi’s NEOM selects Oracle Cloud to accelerate IT workloads

NEOM will be able to increase agility across business processes and accelerate innovation by accessing new cloud services on-premises

Dragon Oil signs ten additional years of partnership with Turkmenistan

Dubai’s Dragon Oil signs ten-year extension with Turkmenistan

The company’s investments during the contract extension period is expected to reach another $7-8bn

Abu Dhabi International expects 2.8 million travellers in July and August

The airport is expecting around 414,000 travellers during the Eid Al Adha travel season between July 7 and 15

Oil

Oil holds above $110 as tight supply balanced by recession risk

Oil has started the third quarter in strong form after dropping in June

flynas

Saudi’s flynas to launch direct flights between AlUla and Cairo

Flynas will connect the cities with two weekly flights, starting October 6