Bitcoin slides below $30,000 for the first time in a month

Narratives that had propelled Bitcoin to a mid-April record of almost $65,000 are now being questioned

Qatar Airways ready to buy Boeing, Airbus freighters – CEO

The carrier could place a “large customer order” for an Airbus A350 freighter or a new Boeing 777F before the end of Q3

Covid-19: Oman goes into complete lockdown, Sur exempt due to heavy rains

All commercial activities and the movement of individuals and vehicles are banned during the Eid Al Adha holidays

Brent oil steadies near 8-week low after market selloff on Covid-19 resurgence

Oil has run into stiff headwinds in July after rising in seven of the past eight months

Covid-19: Saudi citizens will need to be fully vaccinated to travel outside the country from Aug 9

The only exemptions include children aged under 12 and those who have recovered from Covid-19 less than six months prior to the date of travel

Tokyo Olympics: Toyota pulls TV ads, CEO to skip opening ceremony

Two South African footballers have tested positive for Covid-19 at the athletes’ village

Dubai property landlords must ‘adjust their mindset’ in a low-demand market

The reality is that Dubai’s residential market has now shifted in favour of tenants, says Danube’s Rizwan Sajan

Etihad begins operating direct flights to Vienna

The new service will be operated on Thursdays and Sundays using a Boeing 787-9 Dreamliner aircraft

Sheikh Mohammed launches $1m coding challenge

Graduates of the One Million Arab Coders initiative have been urged to compete in the new challenge

McLaren gets $760m from investors including Saudi wealth fund PIF

McLaren, controlled by Bahrain’s Mumtalakat, has been hit by the pandemic

OPEC+ resolves deadlock, agrees on deal to boost oil output from August

The agreement means the cartel will boost output by 400,000 barrels a day each month from August

Emirates issues new travel advisory for flights from India, Pakistan

Flights from India, Pakistan, Bangladesh and Sri Lanka will remain suspended until July 25, says Dubai airline

Dubai’s Al Khaleej Sugar gets go ahead to build beet factory in Spain

The company plans to start construction of the plant in Merida next year

Abu Dhabi’s SEHA opens new Covid-19 drive-through centre offering vaccination, testing services

The centre has the capacity for 200 vaccinations and 1,000 nasal swabs and laser tests per day

Kuwait credit rating cut for second time in two years by S&P

The sovereign credit rating was cut one level to A+ from AA-

Mubadala seeks over $20bn value for EGA in IPO

EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai

UAE says Covid-19 drug Sotrovimab resulted in ‘100% prevention of death’

The drug was administered to 6,175 high-risk patients with Covid-19 in Abu Dhabi between June 30 and July 13

OPEC+ to meet on Sunday to discuss oil output deal

If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market

Covid-19: All the new Abu Dhabi guidelines that will take effect from July 19

The emirate has restricted movement between midnight and 5am daily and reduced operating capacity at malls, gyms and restaurants

Potential of UAE’s cloud-based manufacturing

A cloud computing model that is as dynamic and adaptable as it is cost effective is considered a true enabler

Here’s why economic growth must be consistent with sustainable investing

For the private or state investor, there are three ways to make a deeper ESG impact

Fitch lifts Saudi Arabia’s outlook to stable as oil gives boost

The ratings agency expects the Saudi budget deficit to narrow to 3.3 per cent of GDP this year

Eid Al Adha: No toll, free public parking in Abu Dhabi during the holidays

Public buses will operate an additional 100 trips every day on main routes during the holidays

Qatar wealth fund builds regional hub in Singapore to diversify

The fund has vowed to invest more in Asia and the US as it pursues growth and diversification after years of substantial investment in Europe

UAE remains on UK’s red list in latest update

The UK added the UAE to its red list in January this year

Eid Al Adha: Free parking in Dubai, public transport timings revealed

The RTA has urged the public to plan their journeys ahead of time and arrive early in stations to avoid crowding and delays

Dubai regulator DFSA hits ex-Abraaj finance chief with record $1.7m fine

Abraaj, which was headed by financier Arif Naqvi, went into liquidation in 2018

OPEC+ yet to reach an agreement on oil output deal – UAE

The UAE’s energy ministry issued a statement acknowledging that talks are underway

Mubadala satellite operator Yahsat jumps on debut, boosting Abu Dhabi IPO push

Mubadala sold 975.9 million Yahsat shares, representing a 40 per cent stake, for Dhs2.75 each

Dubai monitored by 300,000 cameras, one of the world’s safest cities – Sheikh Mohammed

A new initiative will see the use of drones by the Dubai Police to respond to criminal and traffic incidents across the city