Vamstar

Vamstar closes $9.5m funding to expand AI-enabled healthcare supply chain platform

Platform to simplify sourcing and procurement for hospital administrators and healthcare suppliers in the UAE

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

bu Dhabi Securities Exchange lists $8.25 billion of TAQA bonds

Abu Dhabi’s ADX lists Taqa bonds valued at $8.25bn

The bonds were largely issued as part of TAQA’s Global Medium Term Note Programme and are listed on the London Stock Exchange

Honor Magic4 Pro

Honor announces the open sale of Magic4 Pro in the UAE

From June 24 onwards, customers can buy the Magic4 Pro priced at Dhs3,999

Sheikh Hamdan visits Dubai Chambers

Sheikh Hamdan visits Dubai Chambers, reviews future plans and projects

The Crown Prince stressed the importance of working continuously to consolidate Dubai’s position as an attractive business and investment destination

ADIB_visa partnership

UAE’s ADIB, Visa partner to boost adoption of digital payments

ADIB and Visa’s partnership will drive the growth of digital payments through data-led solutions and deliver differentiated products in the market

Digital twin

How digital twins are helping build the foundation of industrial metaverse

Integration of digital twins into the metaverse is accelerating the digital recreation of real-world objects including the industrial and associated ecosystems

Amazon Abu Dhabi Delivery Station

Amazon opens its largest delivery station in Abu Dhabi

The 4,700sqm delivery station is the second largest in the country and provides same-day and next-day deliveries to customers

GCC smartphone

GCC smartphone market suffers decline as demand continues to weaken

The GCC smartphone market was worth $2.09bn in Q4 2021, a decrease of 4.5 per cent quarter on quarter

DXB passengers

Dubai’s DXB to welcome 2.4 million passengers from June 24 until July 4

July 2 is expected to be the busiest day, with daily passenger traffic to surpass 235,000

Oppo Find X5

OPPO launches Find X5 series in the UAE

Powered by MariSilicon X, the Find X5 series feature the iconic Hasselblad natural colour calibration

northern runway

Dubai International’s northern runway reopens after upgrade

The first flights were welcomed onto the upgraded runway on the afternoon of June 22

Superagent from Property Finder - a new AI algorithm

Introducing Property Finder’s SuperAgent, a new AI-driven ranking system for agents

SuperAgent uses millions of data points and aims to help home-seekers find the most responsive agents with up-to-date and improved knowledge of the properties

DP WORLD expands presence in India

UAE’s DP World opens new tech centres in India

DP World’s presence in the Indian technology market has grown rapidly, with its employee numbers rising from 50 in 2021, to more than 450 now

UAE Israel credit agencies to support healthcare project in Ghana

UAE, Israel export credit agencies to support Dhs540m healthcare project in Ghana

Etihad Credit Insurance and the Israel Export Insurance Corp will back the construction of four hospitals and a medical storage facility in Ghana

Saudi Crown Prince and King of Jordan

Saudi investments in Jordan amount to $14bn: Saudi Chambers of Commerce and Industry

The figures were cited in an economic report issued by the Saudi Chambers of Commerce and Industry during Saudi Crown Prince Mohammed bin Salman’s visit to Jordan

flydubai network

Three million passengers are expected to travel across flydubai’s network this summer

An average of 8,500 monthly departures are scheduled across flydubai’s network from July to September

UAE reports 1,592 Covid-19 cases, 1,361 recoveries

The nationwide case count has risen to 932,067

Emirates statement on operations at London Heathrow

Dubai’s Emirates to operate additional flights for Hajj season

The airline will be deploying 31 additional flights to Jeddah and double daily flights to Medina from June 23 until July 20

Oman Oracle

Oman government implements Oracle Cloud to underpin digital transformation

The implementation led by Oman Information and Communications Technology Group, helps the government run its entire IT estate on Oracle Cloud Infrastructure

ALDAR invests in ARONGA VENTURES FUND

Aldar partners with real estate technology investor, Taronga Ventures

The investment in the Taronga Ventures fund adds to Aldar’s investments in four other real estate technology funds

Make it in the Emirates forum

Make it in the Emirates Forum: UAE companies launch 300 products, allocate Dhs110bn to support manufacturing

More than 1,300 delegates attended the event, including representatives from leading national companies, manufacturers and investors

Oil markets

Oil declines as slowdown risks weighed against robust demand

Oil markets remain in backwardation, a bullish pattern that’s marked by near-term prices trading above longer-dated ones

Qatar Doha

QatarEnergy selects ExxonMobil as 4th partner in gas project

ExxonMobil will own 25 per cent of a joint venture with QatarEnergy, with the venture in turn holding 25 per cent of the North Field East project

Can facial recognition technology detect you with a mask?

Algorithms can recognise facial features during authentication, based on their programmed understanding of how a mask fits on the face

ASIF ADIA ADQ

UAE’s ADIA, ADQ sign Rabat Declaration, support first Africa Sovereign Investors Forum

In addition to ADIA and ADQ, Kuwait Investment Authority and Qatar Investment Authority were among the GCC entities present at the forum

food Security _ ACG

Arab Coordination Group announces $10bn package to support food security goals

The funds from the group will be deployed over the next three years to cover the import costs of seeds, grains and fertilisers and alleviate food supply challenges

ADX launches FADX 15 Futures

UAE’s ADX launches FADX 15 Futures, the exchange’s first index derivatives  

FADX 15 futures are cash-settled contracts that will replicate the price performance of the benchmark FADX 15 index

Apicorp Khalid Ali Al-Ruwaigh

APICORP leverages preferred creditor status to launch A/B loan programme

The A/B loan structure will help support APICORP’s less developed member countries and encourage private sector participation

Mastercard Michelin Guide Dubai

Revealed: Dubai’s first Michelin-starred restaurants

The inaugural Michelin Guide Dubai 2022 was revealed with 11 Michelin-starred and 14 Bib Gourmand restaurants