Emirates and Royal Air Maroc

Dubai’s Emirates, Royal Air Maroc launch codeshare partnership

The codeshare partnership will offer customers more ways to book and connect their travel between the two airlines’ networks

ADNOC Distribution

Abu Dhabi’s ADNOC Distribution reports Dhs671m in net profit for Q1 2022

ADNOC Distribution posted a 7.8 per cent year-on-year increase in EBITDA, totalling Dhs881m

Dubai

ATM 2022: Dubai receives 630,000 health tourists in 2021

As many as 55 per cent of the international health tourists were men, while 45 per cent were women

Debt management office

Government of Dubai establishes a debt management office

Rashid Ali bin Obood Al-Falasi has been appointed as the chief executive officer of the debt management office

Saudi Arabia

Saudi Arabia to restart privatisation plan for 29 airports

Ownership of the 29 airports has already been moved to a new entity

Oil extends decline as Europe softens some Russian sanctions

West Texas Intermediate futures fell below $103 a barrel in early Asian trading

Aramco

Aramco closes in on Apple as world’s most valuable firm

The rally in oil prices has boosted the world’s biggest oil company’s shares

Saudi

Saudi says low refining capacity causing fuel-price jump

Crude prices have surged to around $110 a barrel in the past year

Cloud end-user spending

Worldwide public cloud end-user spending to reach nearly $500bn in 2022: Gartner

In the Middle East and North Africa, end-user spending on public cloud will total $5.8bn in 2022, growing 18.8 per cent from 2021

UAE reports 233 Covid-19 cases, 284 recoveries

The nationwide case count has risen to 900,484

Jumeirah Group

Jumeirah Group launches new lounge at Dubai International Airport

The Jumeirah Airport Lounge offers travellers a taste of the brand’s hospitality

atm 2022

ATM 2022: Dubai’s Emirates to launch premium economy bookings from June 1

The new cabin class will be available to Emirates customers travelling on A380 routes to London Heathrow, Paris Charles de Gaulle, Sydney and Christchurch

Turtlemint

Insurtech platform Turtlemint, raises $120m in Series E funding

Through a digital solution, the platform assists financial advisers in matching consumers with products that is suited for their needs, reducing the difficulties of paperwork

Flydubai

Dubai’s flydubai carried 2.35 million passengers in Q1 2022

The carrier has grown its network to more than 100 destinations

Toyota

Toyota to invest $624m to make EV parts in India

Indian automakers could generate $20bn in revenue from electric vehicles between now and fiscal year 2026

Dubai RTA

Dubai’s RTA to build bus and taxi lanes stretching 37 km over five years

These lanes cover eight main streets

Saudi Arabia

Saudi cuts oil prices from record highs amid China lockdowns

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Digital payment

Cashless economy: How adoption of digital payments is on the rise

E-commerce represents a significant avenue through which the adoption of digital payments can expand growth opportunities

Planet Earth

Planet in peril: How the goal to limit global heating is on life support

The planet’s warming is likely to pass 1.5°C, UN scientists warn

EV charging

The big EV charging mystery: How long does it take?

The charging curve of any particular vehicle is closely tied to the longevity of its battery

Binance regulatory

Crypto exchange Binance gets French regulatory nod in European push

The regulatory nod will help boost the company’s ambitions in Europe and marks the exchange’s first major approval from a G-7 member nation

UAE Covid

UAE reports 198 Covid-19 cases, 279 recoveries

The nationwide case count has risen to 899,835

Passenger demand, forward bookings signal continuing recovery, says IATA

Recovery of global air travel continues in March: IATA

According to data from IATA, Middle Eastern airlines’ traffic rose 245.8 per cent in March compared to the same period last year

Etihad Airways

Abu Dhabi’s Etihad Airways performs 42 ecoflights over five days

Etihad Airways’ ecoflights tested a range of operational efficiencies and technologies

Thales RUAG

Thales acquires RUAG’s simulation and training business

This integration will help accelerate the move towards developing more environmentally efficient and digital training solutions for the military

Gucci

Gucci to start accepting crypto payments in select US stores

Gucci, owned by Kering SA, will initially accept 10 cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, Dogecoin and Shiba Inu

union properties

Shareholders of Dubai developer Union Properties approve continuity of company

The company board affirmed its support for legal action against the previous management

Flydubai

Flydubai to operate flights to select destinations from Dubai World Central from May 9

Passengers travelling from DWC will enjoy complimentary parking at the airport

Prince Alwaleed

Prince Alwaleed says Musk will be ‘excellent’ for Twitter

Prince Alwaleed, chairman of the board at Kingdom Holding Company, has now agreed to roll over his current investment

Czapek Antarctique S Frozen Star

Three stunning new stainless steel sports timepieces from independent watchmakers

There’s a rich bounty to be had from Laurent Ferrier, Parmigiani Fleurier and Czapek