Bahrain announces ‘orange alert level’ during Eid holidays to enforce restrictions

The kingdom will adopt the green alert level from July 16 to July 18

Kuwait opens first permanent LNG facility as it looks to boost gas imports

The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday

Abu Dhabi updates travel green list with France, Seychelles and Canada among new additions

The green list now includes 35 countries, with 12 countries added and eight removed since the previous update

Qatar reopens to fully vaccinated international travellers with no quarantine

The decision will only cover travellers inoculated by vaccines approved by Qatar

Bahrain adds 16 countries to travel ‘red list’ including the Philippines, Indonesia

Only citizens and residents of Bahrain are permitted to enter from the red list countries

Covid-19: UAE issues Eid Al Adha protocols to avoid hike in cases during the holidays

Studies conducted by the health sector found a “significant” increase in the number of infections and deaths following the last three holidays

Oil touches highest level since Oct 2018 on warning about supply crunch

Oil has rallied more than 50 per cent this year as the vaccine rollout boosts demand in key economies

Saudi automotive startup Speero closes $1.8m pre-series A funding round

Launched in 2017, Speero is a digital platform for automotive after-sales

Boeing cuts 787 Dreamliners target, expands search for flaws

The Chicago-based planemaker now expects to hand over fewer than half of the 100 or so Dreamliners

Abu Dhabi’s ADNOC joins global Hydrogen Council  

The council is a coalition of companies from over 20 countries pioneering hydrogen solutions

Disney opens Middle East’s first shop-in-shops in UAE, Kuwait

An additional 26 locations are set to open across the region over the next four weeks

Abu Dhabi hotel occupancy rises to highest since pandemic began

Hotels in the UAE capital were 68.5 per cent full last month

Abu Dhabi’s Sharaka initiative settles all private sector dues from the government in Q1    

The platform enables private companies based in Abu Dhabi to file complaints and address grievances regarding outstanding dues

Kuwait to shut all clubs offering activities for children from July 25

The clubs have been closed as a precautionary measure to curb the spread of Covid-19

Saudi Aramco is said to pick JPMorgan, Goldman for gas pipeline deal

The state energy giant is preparing to gauge interest in the assets from potential investors

Richard Branson’s space jaunt a ‘marketing coup’ for Virgin Galactic

The 70-year-old billionaire and five employees completed a long-awaited test flight to space on Sunday

Flydubai to start direct flights to Naples and Salzburg this month

Flights to Naples will be operated within the quarantine-free travel corridor that has recently been established between Italy and the UAE

Emirates says flight ban from India, Bangladesh, Pakistan and Sri Lanka in place until July 21

Passengers who have connected through India, Pakistan, Bangladesh or Sri Lanka in the last 14 days will also not be accepted to travel from any other point to the UAE

Video: Sheikh Mohammed inaugurates new roads connecting various emirates

New infrastructure projects worth Dhs1.95bn have been launched in the UAE

Abu Dhabi’s ADQ and Qatar’s QIA among investors in latest Flipkart funding round

The latest funding round has boosted the Indian online retailer’s valuation to $37.6bn

Arada gets Dhs250m funding from Dubai Islamic Bank for megaproject construction

The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank

Why UAE entrepreneurs must listen to this podcast

Entrepreneur, author and philanthropist Shailesh Dash has launched The Entrepreneurial Dash, a podcast that offers guidance and motivation to budding entrepreneurs

New vertical farm launched in Dubai Industrial City

The facility will grow fresh kale, spinach, lettuce, tomatoes, strawberries and melons, and plans to supply hypermarkets, hotels and chefs across the country

Coders from across the world can now apply for UAE golden visas

The UAE has announced plans to offer 100,000 golden visas to coders – based both locally and internationally

Oman’s Sultan Haitham arrives in Saudi in first foreign visit

The two countries are signing agreements in a slew of fields including commerce, culture, investment promotion and post and transport

Commercial Bank of Qatar withdraws offer to raise stake in National Bank of Oman

The Qatari lender last month had offered $128m to raise its holding to 50.1 per cent from 34.9 per cent

Dubai’s Shuaa confirms talks to set up three SPACs

Shuaa has approached banks to set up three blank-check companies of around $200m each to pursue deals in the energy, finance, and technology sectors

Dubai’s pharmaceuticals, medical supplies trade up 31% in Q1

Trade volumes also grew during the period to reach 48,600, up 47 per cent year-on-year

Dubai’s Foundation Holdings boosts Saudi healthcare portfolio

The healthcare and education investment firm acquired 51 per cent of Shifa Al Munthaza Polyclinic

Oman’s ruler Sultan Haitham to visit Saudi in first official foreign trip

Sultan Haitham will meet with King Salman during his two-day visit on Sunday and Monday