Mubadala’s satellite group Yahsat IPO raises $731m

The IPO gives Yahsat a market value of about Dhs6.7bn

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai

Sheikh Mohammed launches new programme for coders in partnership with top tech giants

Sheikh Mohammed said the programme aims to train and attract 100,000 coders and establish 1,000 digital companies within five years

Saudi sets upper limit for gasoline prices as oil prices climb

The decision was made to “decrease the burden of living costs on citizens and residents”

Covid-19: UAE suspends entry of travellers from Indonesia, Afghanistan

The move also covers travellers who were in these countries 14 days prior to coming to the UAE

Top tips to do social media detox the right way

Here are eight ways by which you can limit your use of social media and avoid mindless scrolling throughout the day

Sustainability: Understanding the hype around hydrogen and its benefits

Here’s why the GCC is well-positioned globally to play a leading role in the supply of hydrogen

The ‘revenge travel’ rage: How tourists are planning their summer

As vaccination numbers pick up and countries worldwide cautiously open their borders, are travellers packing up their bags?

Low-budget games steal spotlight at annual video game convention E3

This year’s online-only event was much quieter, with many hot releases delayed as a result of the pandemic

DP World to buy Imperial Logistics in $890m bet on Africa

The deal is expected to close by the first quarter of 2022

UAE reports 1,539 Covid-19 cases, 2 deaths

The nationwide case count has risen to 645,653

Saudi’s Tourism Development Fund deploys Oracle Cloud to automate processes

The implementation is designed to drive automation and integration of TDF’s core functions including banking, finance, HR and procurement

Emirates Dubai Mauritius A380

Emirates to restart flights between Dubai and Mauritius from July 15

The airline will deploy its A380 on the route starting August 1

Covid cases today

Covid-19: Oman suspends arrivals from 24 countries

Oman has also announced a complete lockdown in the country across three days of Eid Al Adha

Mashreq Bank Emirates Development Bank

Emirates Development Bank inks MoU with Mashreq for SME credit guarantee programmes

Mashreq will offer financing of up to Dhs10m to SME customers, of which 50 per cent will be guaranteed or co-lent by EDB

Arcapita sells branding firm Stratus at $450m value

Stratus was acquired by Arcapita in late 2017 and its enterprise value has since tripled

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco to sell more assets in multi-billion dollar push

Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April

Vortex Energy achieves $200m first close for fourth fund

Vortex Energy IV will target all energy transition verticals

In pics: Dubai’s Global Village announces date for 2021 season

Season 26 will commence on October 26 this year

Business continuity: How to set benchmarks amid rising cyber threats

The management of business continuity takes into account all of the resources that are necessary for the essential activities of the business

Swiss medical tourism

Why the Swiss medical tourism sector is looking to tap into the GCC

A delegation of medical operators from Switzerland recently visited the UAE to explore opportunities to grow the Swiss medical tourism sector

Emirates Development Bank

Emirates Development Bank lists $750m bond on Nasdaq Dubai

Dubai’s US-dollar denominated debt listings are now valued at $98.5bn

coronavirus saudi arabia

Saudis may work longer, pay more to fill pension fund gap

The average Saudi life expectancy is 75 years, and the official retirement age is about 60 for men and women

Asaad Abboud, managing director of Leica Camera Middle East

Leica Camera opens Middle East office in Dubai in joint venture with Perpetual Exposure

The regional operations will be headed by Asaad Abboud, owner and managing director of Perpetual Exposure

HP

Reimagining cybersecurity in the new way of working

For far too long, PC users have had to choose between security on one hand and performance and design on the other

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

Abu Dhabi’s Masdar wins contract for 200MW solar power project in Armenia

The plant, spanning over 500 hectares, will be located in the Talin and Dashtadem communities of Armenia

UAE reports 1,552 Covid-19 cases, 4 deaths

The nationwide case count has risen to 642,601

Will higher oil prices help GCC economies surge into the post-Covid era?

The recovery in oil prices presents an opportunity for Gulf economies to accelerate the recovery from the pandemic and strengthen diversification

June 2021: Dubai records highest volume of property sales transactions in 8 years

Dubai recorded 15,638 transactions worth Dhs36.86bn in Q2 2021

Brent oil extends gain as OPEC+ talks end without supply deal

The global market has tightened significantly over the past few months amid a robust rebound in fuel demand in the US, China and parts of Europe

Warner Bros Theme Hotel Abu Dhabi

The world’s first Warner Bros. hotel to open in Abu Dhabi this year

Developed with a total investment of $112m, construction on the property is now 90 per cent complete