Covid-19: Kuwait to impose travel ban on unvaccinated citizens as of May 22

On May 3, Kuwait reported 1,246 new Covid-19 cases and 12 related deaths over the preceding 24 hours

Abu Dhabi

Abu Dhabi records Dhs11.5bn real estate transactions in Q1 2021

The value of mortgages exceeded Dhs6.5bn generated from 2,092 transactions

Dubai Chamber TikTok

Dubai Chamber partners with TikTok to launch training programmes for SMEs and startups

The Dubai Chamber – TikTok Academy will offer a four-week educational programme to help businesses develop social media marketing strategies

UAE’s flydubai reports loss of $194m for 2020

The carrier reported total annual revenue of Dhs2.8bn ($773m) for 2020

Covid-19 update: UAE reports 1,772 cases, 3 deaths

The overall case count in the UAE stands at 525,567

Schlumberger-backed Arabian Drilling planning Saudi IPO

Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year

Dubai’s Hala appoints new CEO

Basil Hovakeemian replaces Clemence Dutertre who has become vice president of marketing for Careem

Abu Dhabi Murban crude set at $63.35 a barrel on June futures

The official selling price for Murban is determined based on futures trading on the ICE Future Abu Dhabi exchange

Saudi Arabia

Saudi Arabia to lift travel ban on citizens from May 17

Citizens under the age of 18 are permitted to travel, provided they submit an insurance policy approved by the Saudi Central Bank prior to doing so

Abu Dhabi National Energy Company TAQA

Abu Dhabi’s TAQA completes $1.5bn dual-tranche bond sale

Net proceeds from the sale of the notes will be used to repay outstanding debt

Abu Dhabi

Abu Dhabi updates Covid-19 testing and quarantine rules for vaccinated citizens and residents

The new rules effective Monday, May 3, require vaccinated citizens and residents to show proof of their jabs on the Alhosn app

Covid-19 update: UAE reports 1,847 cases, 2 deaths

The death toll in the UAE stands at 1,593

Asus ROG Zephyrus G15_GA503

Asus ROG launches Zephyrus G15 gaming laptop in UAE

The 15-inch notebook, available exclusively through Amazon in the UAE, is priced at Dhs6,999

Wizz Air Abu Dhabi to operate twice-weekly flights to Greece

Starting April 19, permanent residents of the UAE can enter Greece without being quarantined

UAE’s Transguard Group posts 86.2% dip in profit for FY20/21

The company posted revenue of Dhs1.87bn for FY 20/21

Oman’s first quarter deficit rises to $2bn

Public revenue was OMR1.82bn at the end of March

Seychelles pays $1 to acquire Etihad’s stake in its flag carrier

Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd

Saudi Arabia considers starting homegrown electric-car maker

The project is linked to existing plans to build up automotive infrastructure in the country

Abu Dhabi Ports

Abu Dhabi Ports issues $1bn 10-year bond

The issuance was more than 4.5 times oversubscribed

Seha drive-through Covid-19 vaccination

New drive-through Covid-19 screening and vaccination centre opens in Al Ain

SEHA also announced the closure of its drive-through screening center in Al Masoudi effective Friday May 30, 2021

Food Tech Valley Dubai

Sheikh Mohammed launches Food Tech Valley in Dubai

It seeks to triple the UAE’s food production and will include a smart food logistics hub, R&D facilities as well as agricultural technology and engineering labs

How Middle East businesses can rise to the net-zero challenge

Banks and FI’s are in a position to play a key role in accelerating the transition to a low carbon economy

GCC: How sustainable urban development can lead to smart city environments

Cities represent 54 per cent of the world’s population today, a figure which will grow to 70 per cent by 2050

Can GCC banks withstand further shocks due to the pandemic?

GDP growth in the GCC countries will slowly recover from last year’s sharp recession

Oil trades at six-week high with demand optimism spurring rally

Consumption may also get a boost when China breaks for an extended holiday on Saturday

Chemicals maker Sabic’s profit surges as economies reopen

Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter

Covid-19 update: UAE reports 1,961 cases, 4 deaths

The overall case count has risen to 518,262

Why setting net-zero carbon standards is imperative for mitigating climate change

Adopting smart energy and building management systems can not only reduce carbon emissions, but also reduce electricity bills significantly

UAE raises petrol prices for May 2021

The diesel price for next month has been reduced

Oman state oil firm to sell assets to fund $7.9bn spending

OQ is tapping the international bond market for the first time in an issuance aimed at raising at least $500m