Scott Bond Property FInder UAE Country Manager

Cover story: Property Finder’s Scott Bond on why Dubai is a pioneer in real estate

The country manager of Dubai’s real estate platform envisions the emirate to lead the way in digital advancements, inclusivity and investments. Here’s why

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Misleading advertisement, promotions punishable offence in UAE

Violators will face stiff penalties, including imprisonment and a financial fine

US inflation

Oil extends losses as investors weigh US inflation, China demand

US inflation accelerated to a fresh 40-year high last month, raising the likelihood of more aggressive interest-rate hikes from the Federal Reserve

AI Talent

The AI talent factory – what it is and how to build it

The UAE has long been a proponent of leveraging AI to do just about anything that will upgrade society and governance

TotalEnergies Qatar

TotalEnergies wins stake in $29bn Qatari gas project

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

Saudi Telecom

Saudi Telecom to raise capital by $8bn in bonus shares

The company plans to issue 1.5 bonus shares for every existing share, through capitalising retained earnings

Bitcoin

Bitcoin drops to one-month low as US CPI report hurts sentiment

The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12

How wealth advisory must be customised for the new generation

Millennials and Gen Z are increasingly take their place in the boardrooms of family businesses

digital cash

Fundamental question: Does your country really need digital cash?

Whether you’re Poland or Peru should make a big difference in deciding just how big a priority a central bank digital currency should be

Jones the Grocer

Jones the Grocer’s Yunib Siddiqui on the retail chain’s expansion

Jones the Grocer has 24 stores and cafes across the Middle East. Yunib Siddiqui, the CEO spoke to Gulf Business about growing his food retail business

Electric vehicle

Electric vehicle outlook is even brighter if the world bikes and takes the bus

Electrification has now spread to all segments of road transport, opines Bloomberg columnist Colin McKerracher

expensive cities

These are the world’s 20 most expensive cities for expats

ECA International analyses the cost of consumer goods and services in more than 490 locations worldwide, while accommodation data is also factored in

AD Ports Group

AD Ports Group to launch logistics and freight services in Uzbekistan

The joint venture with Enter Engineering Group will include sea, land and rail logistics, warehousing, contract logistics and customs clearance

VaultsPay and Wibmo launch pre-paid card for underbanked in GCC

VaultsPay, Wibmo to launch pre-paid card for GCC’s underbanked segment

Aimed at serving the large population of underbanked people in region, the pre-paid card will go live in the third quarter of the year

DMCC

Dubai’s DMCC signs agreement with Brooklyn Chamber of Commerce

The two entities will work together on a number of initiatives to promote bilateral trade and support the expansion of American businesses in Dubai

Dubai Northern Runway

DXB’s Northern runway rehabilitation on track for completion

More than 1,000 vehicles and 3,000 people have been working around the clock at DXB – from May 9 – to ensure the runway reopens by June 22

Covid-19

UAE reports 1,084 Covid-19 cases, 876 recoveries

The nationwide case count has risen to 915,068

Microsoft Xbox

Microsoft Xbox brings cloud gaming to Samsung smart TVs without console

Starting June 30, hundreds of cloud-enabled games attached to the Xbox Game Pass Ultimate subscription will be available through Samsung’s Gaming Hub

Oil set for seventh weekly gain as traders weigh China’s return

Consumption in top importer China is expected to rise as it lifts strict Covid restrictions

Arabian Travel Market 2022: The industry’s best on offer

Airlines, hotels, tourism boards and travel trade operators from around the world came together for the event

Combustion

Europe moves closer to cutting off its lifeblood combustion engine

Members of Parliament voted in favour of mandating that carmakers eliminate emissions from the cars they sell from 2035 onward

Dubai chamber

Dubai Chamber strengthens partnership with Dubai Land Department

The representatives from both teams shared their experience and best practices in digital transformation and customer service

HSBC boosts Saudi investment banking team amid flurry of deals

International banks including Citigroup and Bank of America have been expanding in the kingdom

sheila alrowaily Aramco

Aramco executive becomes first woman on Saudi Central Bank board

Sheila Alrowaily is among a growing number of women taking on leadership roles in finance across the Gulf region

UAE’s trade surplus with GCC countries equals Dhs134.7bn in 2021

UAE imports from GCC countries in 2021 increased to Dhs56.3bn, compared to Dhs43.8bn in 2020

Dubai

Dubai welcomes 5.1 million visitors in first four months of 2022

The emirate’s hotel occupancy stood at 76 per cent during the January-April period

Email protection

Why advanced email protection is more important than ever

The number of email users worldwide is set to grow from 4.26 billion in 2022 to 4.6 billion in 2025, making up more than half of the expected world population

UAE customers

Over 90% of UAE customers say experience is as important as products – survey

The Salesforce’s ‘State of the Connected Customer Report’ reveals how trust, personalisation and digital-first experiences are central to customer needs

Gold steady in Asia with traders digesting cooling US Inflation

Central banks to increase gold holdings over crisis concerns

Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors

UAE Covid-19

UAE Covid-19 cases cross 1,000, highest in almost four months

The nationwide case count has risen to 913,984