Sherif M Salem, CIO – Public Markets at Chimera Capital

Why you should consider investing in UAE-listed ETFs

Amid rising interest, the future of exchange-traded funds within the region looks promising, opines Sherif M Salem, CIO – Public Markets at Chimera Capital

Dubai’s Metro service affected; passengers evacuated

Service between Gold Souq Station and Baniyas Station on the Green Line was impacted

petrol fuel prices

UAE raises petrol prices for June 2021

This is the fourth consecutive month that fuel prices have increased within the country

Air Arabia Egypt to introduce direct flights from Sharm El Sheikh to Jeddah

Customers can book their flights on the carrier’s website or by calling the call centre or through travel agencies

Dubai Coin cryptocurrency was never approved by any official authority

Dubai Media Office clarified that the website promoting the coin is an elaborate phishing campaign

IPL

IPL 2021 cricket tournament to resume in the UAE this September

There are 31 matches that are yet to be played in the IPL 2021 season

Saudi Arabia Quarantine

Saudi lifts entry ban for travellers coming from UAE, UK, other countries

The directive is effective from 1am, on Sunday, May 30

Abu Dhabi Pfizer-BioNTech vaccine Sotrovimab

Abu Dhabi offers walk-in appointments for Pfizer jab; new Covid-19 treatment approved in UAE

The UAE has become the first country to both license and enable immediate patient use of the antibody drug Sotrovimab

Philippines resumes sending migrant workers to Saudi Arabia

Saudi Arabia is the Philippines’ top destination for migrant labour

How esports plots to conquer television

Computer games are exhilarating, and broadcasters are betting that this excitement will keep the audience glued to the screen

How edge computing completes the cloud equation

Cloud data centres are only slightly more distributed than on-premises data centres

How can smart store strategies streamline retail operations

Retailers must focus on back-office store operations to increase automation, gain efficiencies, and reduce costs

2021: How has the hospitality sector adapted to Covid-19?

In the wake of the pandemic, the hospitality sector is adapting to the new normal with key initiatives

Elon Musk’s Mars ambition could be the riskiest human quest ever

NASA wants to send astronauts to Mars, perhaps at some point in the 2030s

Friends Reunion

OSN to stream Friends: The Reunion in the UAE simultaneously as worldwide release

The episode also known as The One Where They Got Back will release worldwide on Thursday, May 27

Crypto can be ignored as a fad, Danish central banker says

Central bankers from China to Sweden are already working on their own digital currencies in response to the falling use of cash

Oil declines with return of Iranian supply hanging over market

OPEC+ ministers are due to meet June 1 to consider the state of the market and the group’s production policy

UAE reports 2,167 Covid-19 infections, 3 deaths

The case count has risen to 563,215

ACWA Power set to bid in South Africa’s next renewable auction

ACWA has proposed various projects in South Africa, from a coal-fired plant to a solar and battery project

Revealed: 5 cafés in Dubai that offer more than just coffee

From yoga eateries to co-working spaces that double as cafes, these joints are not to miss when you’re craving a little more than just coffee

Murban Alpha dhabi

Alpha Dhabi acquires UAE hospitality investment company Murban

Abu Dhabi based Murban was founded in 2006 and reportedly has Dhs1.7bn in equity

Iran bans Bitcoin mining, echoing China, after blackouts

The ban is effective immediately and will last until September 22

Air Arabia

Air Arabia to resume seasonal flights between Sharjah and Batumi in Georgia

The twice-weekly flights will be operated every Tuesday and Friday, starting June 29, 2021

Saudi Arabia to restart issuing tourist visas soon, official says

Encouraging foreign tourism is a key factor in the kingdom’s efforts to reduce its reliance on oil

UAE Central Bank

UAE Central Bank foreign assets reach Dhs392.4bn by end of Q1 2021

The central bank’s foreign assets increased 0.4 per cent year-on-year

WIZZ AIR ABU DHABI SANTORINI

Wizz Air flights from Abu Dhabi to Santorini begin from Dhs179

The UAE recently added Greece to its ‘safe travel corridor’ for vaccinated travellers

Abu Dhabi’s ADNOC Distribution to raise approximately $1.64bn via combined share, bond offering

The transaction is the first combined equity and exchangeable bond offering in the GCC

Bitcoin hovers around $40,000 as cryptos bounce back from rout

Bitcoin is about $25,000 shy of its mid-April record of almost $65,000

UAE reports 1,757 Covid-19 cases, 3 deaths

The case count in the UAE now stands at 561,048

Amazon Web Services

Amazon Web Services to open data centres in the UAE

The new cloud infrastructure region is set to launch in the first half of 2022