Monkeypox

Ministry of Health: The UAE is fully prepared to deal with monkeypox

The statement comes after Israel reported the first known case of monkeypox in the Middle East on Saturday May 21, in a man who had returned from abroad

Cloud box technologies

Cloud Box Technologies appoints Biju Unni as vice president

Unni brings a total of over 23 years of experience spanning across the IT sector with strong commercial business capabilities

UAE reports 321 Covid-19 cases, 355 recoveries

The nationwide case count has risen to 905,151

Huawei Watch GT Runner

Review: Huawei Watch GT Runner

The Huawei Watch GT Runner in black and grey soft silicone strap variants is available in the UAE starting at a price of Dhs1,299

What are the biggest issues being discussed at Davos 2022?

Some issues to be discussed at Davos 2022 include the Ukraine crisis, the lingering threat of the pandemic, inflation and the shifting geopolitical influence.

compact station

ENOC Group launches compact station in DAFZA to support fuelling needs

The compact station is equipped with eight dispensers, allowing for fuelling on both sides of the station

food

New study showcases impact of digital transformation on the UAE’s food sector

The Oracle Food and Beverage survey polled 5,700 global consumers including 526 within the UAE

IPO

Offer price for Abu Dhabi’s largest ever listing set at Dhs2.45 per share

The IPO subscription period has commenced today, May 23, and will close for retail investors on May 28, 2022

Ahmad-Belhoul-Al-Falasi

UAE: New education minister announced, structural changes unveiled

Meanwhile, Sarah Al Amiri was appointed as the Minister of State for Public Education and Advanced Technology

Bitcoin

Bitcoin recovers to $30,000 area after shedding weekend weakness

Bitcoin has struggled in recent weeks as the Federal Reserve hikes interest rates and inflation remains high

Prince Alwaleed

Saudi Arabia buys $1.5bn stake in Prince Alwaleed’s firm

The Public Investment Fund acquired a 16.9 per cent stake in Kingdom Holding Company

Markets

Oil drops as traders weigh tight gasoline markets, weak growth

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

healthcare

Special report: Why UAE has taken centre stage in the healthcare space

The UAE has emerged as one of the world’s leading healthcare hubs and medical tourism destinations – here’s how it got there

Why tomorrow’s central bankers need to think like MBA students

The next generation of central bankers is taking a page from the business school play book

Everdome

Cover story: Everdome CEO on why he is on a larger-than-life quest

As the metaverse disrupts the existing technological landscape, Everdome and Metahero are on a journey to create something the world has not seen yet

EGA aluminium

UAE’s EGA, Mohammed Bin Rashid Space Centre explore use of aluminium in space

The two parties discussed potential future synergies, including the use of EGA metal by the Mohammed bin Rashid Space Centre

UAE reports 362 Covid-19 cases, 378 recoveries

The total number of recorded cases in the country has risen to 904,093

dnata

Dubai’s dnata to replace vehicles, equipment with electric units

dnata aims to become carbon neutral and reduce general and maintenance costs

Mastercard, OPay partner to grow cashless ecosystem

OPay customers from countries such as Egypt, Nigeria, Ethiopia and the UAE will benefit from Mastercard’s virtual payment solution linked to their ewallet

dubai uae

Dubai wants metaverse to contribute $4bn to its economy by 2030

A new task force has been set up by the Dubai government to track the latest developments in the digital economy

uae adnoc oil dicovery

UAE’s ADNOC announces three onshore oil discoveries

ADNOC said that the new finds totalled 650 million barrels of oil

Mercedes

Mercedes to swing to top-end models in luxury-car profit race

Mercedes sees top-end vehicle sales increasing by 60 per cent by 2026, a jump that would help push its operating margin to around 14 per cent by mid-decade

Saudi food delivery firm Jahez seeks to acquire rival Chefz

Jahez is the biggest locally owned food delivery group in Saudi Arabia

Etihad Rail MoUs

UAE’s Etihad Rail signs MoUs with international railway operators to exchange knowledge, expertise

The MoUs were signed to exchange knowledge, expertise, and best practices in freight and passenger rail services and operations

Prince Mohammed Bin Salman Nonprofit City appoints solutions by stc

Prince Mohammed Bin Salman Nonprofit City appoints solutions by stc to implement ‘Smart City’ strategy

In the first phase of the eight-year project, solutions by stc will design and build the ICT infrastructure and implement the use cases

protiviti RheinBrücke Mohamad Hassan Abdullah Alnoman

Protiviti and RheinBrücke partner to optimise eProcurement in the region

Protiviti and RheinBrücke aim to enable agile procurement operations with supply chain disruptions affecting businesses globally

Oil pump

Oil rebounds after two-day drop as traders weigh products, China

Investors have shunned equities and many commodities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an overheating economy and tame inflation

Revealed: UAE tourism sector’s performance in Q1 2022

According to tourism figures for Q1 2022, the country’s hotel establishments attracted nearly 6 million visitors who spent 25 million hotel nights

Image courtesy- ACWA Power

ACWA Power reports net profit of SAR152m in Q1 2022

ACWA Power earned an operating income before impairment loss and other expenses of SAR517m, which was 19.5 per cent higher than the same period in 2021

Covid-19

UAE reports 349 Covid-19 cases, 391 recoveries

The total number of recorded cases in the country has risen to 903,731