emirates hiring

Dubai’s Emirates confirms it is on a major cabin crew recruitment drive

The airline said that it is hiring candidates in 30 cities from now until the end of June

Dubai’s GII buys 51% of Saudi Arabia’s Almeswak for $530m

Almeswak operates more than 80 centres across 20 cities in Saudi Arabia

Sheikh-Khalifa

Sheikh Khalifa: UAE spent Dhs40bn in development projects under former President’s rule

Sheikh Khalifa became President of the UAE on November 3, 2004, and remained in that role until his death on May 13, 2022

Oil

Oil steadies after four-day surge as US product markets run hot

Oil has rallied by more than 50 per cent this year in extremely volatile trading

mobility

How SMEs can leverage opportunities within the on-demand mobility and contactless driving sectors

The e-hailing industry is expected to develop at a CAGR between 15 to 28 per cent, resulting in an increased market size of $285bn by 2030

MeetingVR

MeetinVR launches metaverse collaboration solution for businesses and education

Since 2016, the company has been developing a virtual reality platform for meetings, workshops, training, and education

Semiconductor Gartner

Worldwide semiconductor revenue to grow 13.6% in 2022: Gartner

The component supply constraints are expected to gradually ease through 2022

Detasad technology

Saudi’s Detasad unveils new technology at Satellite 2022 conference

Dynamic bandwidth optimisation technology is one of the four solutions patented by the infrastructure provider in 2022

saudi coffee

Sovereign wealth fund PIF launches Saudi Coffee Company

Domestic annual Saudi coffee consumption is forecast to reach 28,700 tons by 2026

Landmarks Of The City Of Riyadh, Kingdom Of Saudi Arabia

Saudi Arabia posts $15bn surplus on soaring oil income

The boost was mainly driven by oil revenue, which rose 58 per cent compared to last year

Saudi Aramco

Saudi Aramco’s profit soars as oil prices and production jump

Aramco’s output averaged 10.2 million barrels a day between January and March, up 20 per cent year-on-year

Technology

Digital minimalism: How much technology do we really need?

It is imperative to understand the technology needed to support our lifestyle and needs and cut out the rest

UAE telecom firm e& pays $4.4bn for 9.8% of Vodafone

Vodafone oversees a sprawling portfolio across more than 20 countries serving over 300 million wireless customers

AD Ports Group

AD Ports Group reports 41% rise in net profit for Q1 2022

The group reported Dhs1.047bn in revenue for Q1 2022, posting 15 per cent year-on-year growth

Twitter

Musk declares $44bn Twitter takeover ‘on hold’

Bots are currently allowed on Twitter, though under the company’s policy, such accounts are supposed to indicate that they’re automated

Nokia Oracle

Nokia moves HR functions to Oracle Fusion Cloud HCM

The telecommunications group digitises HR systems on Oracle to support its global workforce

Aster Guardian Global Nursing award

Kenyan national wins $250,000 Aster Guardian Global Nursing award in Dubai

Anna Qabale Duba was crowned the first-ever recipient of the award which received 24,000 entries

Covid-19

UAE reports 369 Covid-19 cases, 250 recoveries

The nationwide case count has risen to 901,809

DEWA

UAE’s DEWA reports net profit of Dhs691m for Q1 2022

Dubai’s main power and water company also reported a 15 per cent growth in Q1 2022 revenues to Dhs5.068bn

Dubai’s Emirates Group cuts annual loss by 83% to $1bn for FY 2021-22

“We expect the group to return to profitability in 2022-23″ – Sheikh Ahmed bin Saeed, Emirates Group chairman

Hub71

Abu Dhabi’s Hub71 welcomes 16 new startups to join ecosystem

The new cohort will have the opportunity to develop advanced technologies and gain access to the emirate’s innovation ecosystem

Oil eases at week’s open after top central banks warn on rates

Oil extends gains as investors weigh Russian ban, China outlook

Oil is up more than 40 per cent this year as economies rebound from the pandemic

Apple’s Chart-Topping Run Gets a Boost From Retail Investors

Apple drops 22% from January peak as tech selloff continues

The stock is on track for a seventh straight weekly drop, which would represent its longest such streak since November 2018

Treasury bond

UAE lists first dirham-denominated treasury bond on Nasdaq Dubai

The inaugural issuance was 6.3 times oversubscribed

EFG Amazon.eg

Amazon invests $10m in EFG Hermes, may convert to 4.255% stake in subsidiary valU

ValU has a current post-money valuation $235m

Crypto

Crypto is feeling the market heat. Here’s what you should do

The turmoil is a good time for investors to rebalance their portfolios

Air arabia abu dhabi

Air Arabia Abu Dhabi to begin seasonal flights to Tbilisi

The airline will connect Abu Dhabi to Tbilisi with thrice weekly direct flights starting June 16

SABIC

Biggest chemicals firm says cost squeeze to hit profit this year

Demand for products from plastics to paint has soared in the past year with economies recovering from the coronavirus pandemic

UAE

UAE reports 364 Covid-19 cases, 252 recoveries

The nationwide case count has risen to 901,440

Asus Burj Khalifa

Asus lights up Burj Khalifa for The Pinnacle of Performance launch event

At the show, the brand announced its leading market position in two new segments