Emirates

Free Dubai Marina cruise for Emirates boarding pass holders this month

The airline has announced several new offers across retail, dining and tourist attractions in the emirate with the My Emirates Summer Pass

The SME Story: Mark Zubov, founder and CFO of Iman

Iman offers a halal book-now-pay-later solution to retailers

Getty Images - Saudi office

Saudi Arabia’s GDP grows 9.6 per cent in Q1 2022

The growth in GDP was driven by an increase in oil activities by 20.4 per cent, and a rise in non-oil activities by 3.7 per cent

Kuwait

Kuwait seeks to invest $750m in Pakistan projects

Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities

Airbnb

Airbnb says employees can work remotely forever

Airbnb employees who work in lower cost-of-living areas won’t see their compensation change

Acer PC

Here’s how the PC industry has evolved over the years

In an interview with Gulf Business, Emmanuel Fromont, president of Acer – EMEA, shares how the PC has returned to being a vital device in people’s lives

Crypto

Crypto giveaways return with many of same old risks

Large investors and creators of the project have been the big winners of the ApeCoin distribution

Flydubai

Flydubai adds Izmir to its network

With the addition of Izmir, flydubai’s network in Turkey will grow to four points, including Ankara, Istanbul Sabiha Gökçen Airport and Istanbul Airport

Nasdaq Dubai

Islamic Development Bank lists $1.6bn sukuk on Nasdaq Dubai

The new listing brings the total value of Sukuk listed in Dubai to $77.5bn

March KIng Khaild international airport

King Khalid International Airport sees passenger traffic rebound in March

Duty-free sales at Saudi’s King Khalid International Airport climbed substantially in March, with a growth rate of 62 per cent compared to March 2019

Covid-19 cases

UAE reports 265 Covid-19 cases, 368 recoveries

The nationwide case count has risen to 898,310

Dubai Financial Market

Dubai Financial Market Company posts 17% rise in net profit for Q1 2022

The company’s total consolidated revenue surged by 7 per cent to total Dhs78.6m in Q1 of 2022 compared to Dhs73.4m during the first quarter of last year

Petrol prices

UAE reduces petrol prices for May 2022

However, the price of diesel has been raised from Dhs4.02 in April to Dhs4.08 per litre

Gold - world Gold Council Q1 2022

Gold remains resilient despite heightened global uncertainty: WGC

The WGC report revealed net buying by central banks more than doubled from the previous quarter, adding over 84t to official gold reserves during Q1 2022

Dubai Robotic

Dubai to open UAE’s first robotic biobank in 2023

A biobank is a place to store all types of human biological samples, such as blood, tissue, cells, or body fluids

RTA

Dubai announces free parking during Eid Al Fitr

The RTA has said that paid parking will resume in Dubai from Saturday, May 7

Huawei ICT infrastructure

Huawei’s take on how ICT infrastructure can curb energy consumption

In an interview with Gulf Business, David Shi, president, Huawei Enterprise Business Group, Middle East highlights how the need for greener ICT infrastructure is a priority for organisations

Covid-19 cases

UAE reports 275 Covid-19 cases, 334 recoveries

The nationwide case count has risen to 898,045

Air Arabia Abu Dhabi

Air Arabia Abu Dhabi to start new route to Manama

The new service represents the 22nd route for the carrier since the launch of its service from Abu Dhabi International Airport in July 2020

FAB

Q1 2022: First Abu Dhabi Bank reports highest ever quarterly net profit

The lender’s quarterly group net profit, equalling Dhs5.1bn, rose 107 per cent year-on-year from Dhs2.5bn recorded in Q1 2021

AI

Majority of UAE workers believe AI and data science will impact their jobs in five years

The YouGov study commissioned by Dataiku reveals the country to be pro-AI, but work still needs to be done to democratise the use of data and AI

Huawei nova 9 SE

Hands-on review: Huawei nova 9 SE

The smartphone priced at Dhs1199, is available in colours Midnight Black, Crystal Blue and Pearl White in stores and online for orders

Dubai DXB

Around 1.9 million travellers to pass through Dubai’s DXB from Apr 29 until May 9

May 7 is expected to be the busiest day for Dubai International with passenger numbers surpassing the 200,000 mark

Riverbed Exclusive

Exclusive: Riverbed unveils revamped brand, new division

In an interview with Gulf Business, Dan Smoot, CEO at Riverbed explains in brief about the new division and how the company is investing more in innovation to support its customers

Airport - sharjah

Sharjah Airport records footfall of over 3 million passengers in Q1 2022

According to the airport authority, aircraft movement during the period also marked an increase in the number of flights by 89 per cent with 21,336 flights

Dubai Islamic Bank

Dubai Islamic Bank posts 58% rise in net profit for Q1 2022

The bank’s total income reached Dhs3.01bn, recording growth of 6 per cent year-on-year compared to Dhs2.84bn achieved in Q1 2021

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

KFC Operator

Middle East KFC operator picks banks for dual listing

Americana operates restaurants for brands including Baskin Robbins, Costa Coffee and TGI Fridays as well as KFC and Pizza Hut, according to its website

Aldar

UAE’s Aldar reports Dhs688m net profit in Q1 2022

Revenues stood at Dhs2.68bn in Q1 2022, a year-on-year growth of 31.5 per cent

Covid-19

UAE reports 212 Covid-19 cases, 333 recoveries

The nationwide case count has scaled to 897,770