UAE minister Sheikh Abdullah bin Zayed meets Egyptian President in Cairo

UAE foreign minister Sheikh Abdullah meets Egyptian President in Cairo

The two leaders discussed the importance of joint coordination, essential to consolidating peace in the region

Saudi Exchange announces intent to launch single stock futures contracts in July

The new contracts mark the second derivatives product to be introduced in the exchange

Microsoft Qatar

Microsoft deepens investment in Qatar with opening of new office

The office will play a vital role as an innovation hub for technology startups, students, and community organisations from across Qatar

W Solar Libya mou investment in renewable energy sector

Abu Dhabi’s W Solar to invest in Libya’s renewable energy sector

The Alpha Dhabi subsidiary will build solar photovoltaic power generation plants in Libya and sell the net delivered energy to the Libyan government

Ether leads crypto market surge after CPI report release

Ether recovery helps crypto revisit $1tn market cap level

It appears to have found support around its 200-week moving average, which currently sits near $1,200

AD Ports Group ranked in the top five of global efficiency index

AD Ports Group ranked in the top five of global efficiency index

The report cites the use of digital technology and green fuel alternatives as two of the major ways that countries are modernising their ports

hydrogen

UAE government team to visit Germany for talks on hydrogen

German and Emirati companies signed memorandums of understanding in March for shipments from the Gulf state of blue hydrogen in the form of ammonia

Etihad Airways

Etihad Airways to resume direct flights from Abu Dhabi to Beijing

The airline will operate a weekly flight on a Boeing 787 Dreamliner for the route

electric car

Inflation turns EVs into luxury items, threatening broader electric shift

An electric car now costs $61,000 on average

lab-grown food

Could lab-grown ingredients could be the future of food?

Stakeholders are looking at ways to reduce the environmental impacts of factory farming and animal agriculture

Vikas khanna NFT book

Michelin Star chef Vikas Khanna launches NFT of his book in Dubai

Akshaya.io will create non-fungible tokens of the book which will enable those interested to own the original NFT along with physical book

Food

Food companies falling short of carbon-cutting goal, study finds

A report by AlixPartners found that food and beverage manufacturers, suppliers and retailers may manage to reduce emissions by 29 per cent by 2030

Tom De Waele, Managing Partner, Bain & Company Middle East 

Five steps that Middle East companies can take to reduce carbon footprint

To translate ambition into delivery, companies need to adopt a mindset that we call visionary pragmatism and get five things right

spacex

Abu Dhabi’s IHC, Alpha Dhabi to invest $50m in Elon Musk’s SpaceX

IHC has previously acquired stakes in SpaceX through a private equity fund

Baku

Azerbaijan Airlines upgrades fleet on Dubai-Baku route

The Baku-based airline operates daily flights to Dubai

report

New report reveals threat actors’ top social engineering tactics and campaigns

The 2022 Social Engineering Report analyses the key trends and techniques of socially engineered cyberthreats observed over the past year

UAE reports 1,657 Covid-19 cases, 1665 recoveries

The nationwide case count has risen to 935,345

government

Innovation in government is key to developing thriving digital economies of the future

The continued digitalisation of governments will be a crucial steppingstone when it comes to driving change in the medium and long-term

Saudi crown prince regional tour

In pics: Saudi Crown Prince Mohammed bin Salman’s regional tour

The Crown Prince left Turkey on Wednesday, June 22, bringing an end to his regional tour that also took him to Egypt and Jordan

Dubai's successful tourism

Tourism recovery sees Dubai welcome 6.17 million visitors from January to May

The latest tourism data was revealed by Dubai’s Department of Economy and Tourism at its first ‘City Briefing’ for 2022

Instagram

Instagram to test artificial intelligence on faces to verify users are over 18

Starting in the US, Instagram will be accepting video selfies, which Meta will submit to the identity verification company Yoti

Netflix

Netflix fires another 300 employees in latest round of cuts

The job losses are across the company, with most affected workers based in the US

Emirates

Dubai’s Emirates takes off to Tel Aviv, marks airline’s first passenger flight to Israel

Emirates flight EK931 departed with 335 passengers

Rolex and Patek returns beat vintage cars and Bitcoin

The Subdial50 index, which tracks global market prices for the 50 most traded luxury watches by value, has declined about 6 per cent in the past 30 days

Qatar

Football World Cup to add up to $17bn to Qatari economy

The Gulf country is set to attract 1.2 million visitors, within its earlier estimated range of between 1 million and 1.5 million

Aveva

Here’s how Aveva is unlocking the value of industrial data

Aveva PI World Amsterdam 2022 explored how leaders in the industry are leveraging data to spark innovation

UAE reports 1,621 Covid-19 cases, 1,605 recoveries

The nationwide case count has risen to 933,688

Etihad Rail: Agreement signed for passenger trains worth Dhs1.2bn

As part of the agreement, Spanish company CAF will design, manufacture, supply and maintain passenger trains for the Etihad Rail project

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

UAE to issue dollar-denominated dual-tranche sovereign bonds

The bonds will be issued with a 10-year tranche and a 30-year Formosa tranche

World Cup host Qatar demurs on VAT, will wait for ‘right time’

“We will look to the right time to apply such taxes” – Finance Minister Ali Al Kuwari