Pickl

Dubai burger joint Pickl reveals first glimpse of metaverse restaurant

The restaurant will allow UAE-based customers to place orders in the metaverse and receive delivery in the physical world

ADQ

Abu Dhabi’s ADQ, Jordan’s Ministry of Digital Economy and Entrepreneurship launch $100m tech fund

The fund will be dedicated to tech startups and companies specialised in sectors such as telecommunications, financial services and education, among others

vfs

Summer beckons: A quick visa guide by VFS Global

Monaz Billimoria, deputy regional head – UAE and Qatar at VFS Global, discusses all things visa with Gulf Business ahead of the summer holidays

Rapyd DIFC

Fintech Rapyd becomes first DIFC-registered Israeli company

The company plans to hire 120 employees in Dubai across the R&D, product, operations and HR departments within the next 18 months

Dubai-Internet-City Tecom Group

Tecom Group to list 12.5% of shares on Dubai Financial Market

The company expects to pay a dividend amount of Dhs800m per annum over the next three years

Saudi Wealth Fund

Saudi wealth fund makes second $1bn bet on Swedish gaming

The Public Investment Fund’s Savvy Gaming Group will become the second largest owner in Embracer Group after acquiring almost 100 million shares

Apple

Apple will handle the lending itself with new pay later service

Apple Pay Later will let customers split up the cost of any Apple Pay transaction over four installments across six weeks

Dubai DIDI graduation ceremony held at the Museum of the Future

Dubai Institute of Design and Innovation holds its first graduation ceremony

Dubai Institute of Design and Innovation’s Bachelor of Design degree is the first multidisciplinary programme in the Middle East of its kind to offer four design disciplines

Oil prices

Oil prices are ‘nowhere near’ peak yet, says UAE minister

The UAE is the third largest producer in OPEC

Midday work break in the UAE to start from June 15

Under the rule, working under direct sunlight will not be allowed between 12.30-3pm

HPE Alrehaili

HPE hires Mohammad Alrehaili as managing director for Saudi Arabia and the Gulf

Alrehaili brings over 15 years of experience working in the technology industry in both the public and private sectors

DEWA

DEWA builds three water reservoirs worth Dhs550m in Dubai

These will include one in Nakhali area with a storage capacity of 120 MIG, Lusaily area with a storage capacity of 60 MIG and in Hatta with a storage capacity of 30 MIG

Roxo by FedEX debuts in Dubai

FedEx SameDay Bot, Roxo, debuts in Dubai

The bot trials are being conducted at DSO under an agreement signed previously by FedEx, DIEZ and RTA, in line with Dubai’s self-driving strategy

EU agrees on single phone charger law

The plan would force all companies to make phones, tablets, e-readers and digital cameras to use the USB-C charger

Covid-19

UAE reports 867 Covid-19 cases, 637 recoveries

The nationwide case count has risen to 912,953

First Abu Dhabi Bank ADGM MoU

First Abu Dhabi Bank offers ADGM entities preferential banking service

First Abu Dhabi Bank and ADGM will support each other’s key initiatives and jointly organise industry workshops and innovation programmes

Qatar expansion

Julius Baer to expand into Qatar to drive regional expansion

Julius Baer has hired Slim Bouker, Doha Bank’s head of private banking, to oversee the expansion

Dorian Barak UAE- israel council

UAE-Israel trade to reach $2.5bn in 2022

Dorian Barak, co-founder of the UAE-Israel Business Council, talks about the impact of the free trade agreement between the two nations and how the council aims to support companies in both countries

Dragos

How Dragos is protecting the industrial control systems and infrastructure

Dragos highlights how cyberattacks on critical national infrastructure are on the rise, with hacking groups targeting critical industries such as energy and power, and utilities

Private Schools

Fees fact sheet now available for all private schools in Dubai

The fact sheet includes all fees a school may charge during an academic year

UAE Monkeypox

UAE detects five new cases of monkeypox

The ministry called for obtaining information from official sources in the UAE

UAE and Japan strengthen bilateral ties in various sectors

The meetings focused on UAE’s preparations to host COP28 in 2023 and strengthen economic, energy and industrial cooperation between the two countries

Novo Nordisk GluCare health obesity programme lanched

Novo Nordisk, healthtech firm GluCare to launch obesity support programme in UAE

The six-month programme, which begins in September, is open to people with obesity – those with a BMI of 30 or above – as well as individuals with a BMI of 27 or above who also have at least one weight-related comorbidity

Bitcoin

Bitcoin tumbles as much as 7.1% to drop back below $30,000

Bitcoin has been strongly correlated with risk assets for much of the past couple years

Gold

Gold’s haven appeal burnished by drumbeat of growth warnings

The gold price decline in recent months has come as the US central bank started its hiking cycle

Dubai Chamber Israel meeting

Dubai International Chamber to open representative office in Israel

Dubai International Chamber has identified the Israeli market among its top 30 priority markets

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange’s market capitalisation hits $545bn

The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn

Elon Musk Twitter

Elon Musk says Twitter’s lack of info on bots breaches merger deal

Last month, Elon Musk said he wouldn’t proceed with his $44bn takeover unless the social media giant can prove bots make up fewer than 5 per cent of users

Abu dhabi judicial

Abu Dhabi Judicial Department launches auction app to bid directly

The app also has the ability to bid directly from a distance and complete all procedures in easy steps, in accordance with established legal procedures

Covid-19 cases July 25

UAE reports 572 Covid-19 cases, 530 recoveries

The nationwide case count has risen to 912,086