Donald Trump indicted over attempt to overturn Georgia 2020 Presidential election results

Donald Trump indicted over attempt to overturn 2020 US Presidential Election

Trump is accused of four felony counts in the grand jury indictment announced by Special Counsel Jack Smith

pedestrian crossing

Find the latest AI-powered smart pedestrian crossing in this Dubai community

The system’s AI algorithms are designed to detect and track vehicles and other road users approaching the pedestrian crosswalk

flynas

Flynas, Tabby to offer 4-month installment plan for travel tickets

The partnership comes just in time for travellers, especially with the increasing demand for air travel around the world

e-acquires majority-stake acqusiition-in-PPF Telecom -Image-e& Group

UAE’s e& eyes further expansion, acquires Czech PPF Group’s telecom assets

Once the transaction is closed, e& will fully consolidate the acquired assets under the e& international vertical

iPhone 15

Apple iPhone 15: Release date, specs, features leaked

The iPhone 15 Pro and Pro Max models are rumoured to cost $1,099 and $1,299, respectively

e& Group’s Q2 profit jumps 3.8% to $681m

e& Group’s Q2 profit jumps 3.8% to $681m on subscriber growth

The group has a record subscriber base of 165 million users as of June 30, the highest in the company’s history

Airalo secures $60m in Series B funding round led by e& Capital

Airalo raises $60m in Series B fundraising round led by e& Capital

The company is leveraging cutting-edge technology and a user-centric approach to empower travellers with seamless access to mobile networks

stocks

Saudi stocks are performing well helping EM fund managers beat peers

Saudi Arabia’s Vision 2030 programme to transform the kingdom is a key support to the Saudi stock market

Saudi Arabia acquires stake in critical metals mining company Vale SA

Manara Minerals to get stake in Vale as Saudi Arabia moves in on critical metals

The question of who controls the critical metals needed to both sustain and decarbonise the world’s economies has turned into a global flashpoint

Nesma Kent

Saudi’s Nesma & Partners to acquire Dubai-based energy services firm Kent

The completion is anticipated by the end of the calendar year, subject to regulatory approvals and satisfaction of customary closing conditions

ADNOC L&S reports net profit in H1 2023

UAE’s ADNOC partners with Occidental to explore CCU investments

The partnership will assess the joint development of direct air-capture plants in the UAE that can absorb carbon dioxide out of the sky

e& c

Abu Dhabi’s e& enterprise concludes majority stake acquisition in Beehive

The telecom company announced it was acquiring 63.3 per cent of the peer-to-peer lending platform in May

Dubai maritime authority introduces new decision on transparency of local sea container chaerges Image courtesy WAM

Dubai: Transparency of local sea container charges improves with new rule

The decision outlines five important changes which will help ensure the adoption of global best practices across Dubai’s maritime ecosystem

Nomura

Nomura’s digital-asset subsidiary gets full Dubai crypto licence

Laser Digital Middle East will be able to offer virtual asset broker-dealer and investment management services locally

Sultan Al Neyadi space nutrition experiment

Gardening in space: Sultan AlNeyadi’s new experiment looks at mental health impact of growing food

The experiment investigates the psychological impact on astronauts growing, tending, and consuming fresh produce during long-duration space missions

HSBC form JV with fintech Tradeshift image Getty Images

HSBC announces new JV with fintech Tradeshift

The deal will see HSBC make a $35m investment into Tradeshift in two stages and also join its board

Corporate tax free zone digital public consultation

Corporate tax free zone public consultation: Deadline extended

The deadline for free zone-based businesses to share their inputs has been extended by a week

UAE joins BRICS

UAE’s GDP grows 3.8% in first quarter to $114bn

The country’s non-oil activities grew by 4.5 per cent year-on-year in the quarter to Dhs312bn

DIFC

DIFC’s H1 results show 23% rise in companies joining financial centre

The financial centre saw a steady growth in the number of financially regulated firms establishing their base at DIFC

Nokia Moon Mission

An inside look at Nokia’s moon mission

For the first time, Nokia is digging into the details of its lunar mission and explaining its reasons for voyaging to the Moon

US Ambassador to the UAE Martina Strong

Martina Strong is the new US Ambassador to UAE

The post of the US Ambassador to the UAE has been vacant since 2021

infrastructure development

UAE announces national programme for infrastructure development

Salamah 365 is a transformational project under the performance agreements signed by federal authorities in 2022

McDonald's UAE Umm Suqeim All-female Team at restaurant launch Image McDonald's UAE

McDonald’s UAE opens first outlet with all-female staff, features partial solar PV roof, EV charging ports

The latest venue features another ‘first’, as the branch has also introduced curbside ordering, allowing customers to place orders digitally from designated parking spaces

Yahsat satellite

Serco launches graduate space programme in Saudi Arabia

Positions will include a secondment in Europe to gain experience with international space programmes

markets

Citigroup sees strong Middle East IPO pipeline running into 2024

IPOs in the Middle East have fetched $5.1bn so far this year, exceeding volumes seen during the same period in nine of the last 10 years

Oil

Oil steadies after biggest monthly advance since early 2022

West Texas Intermediate was little changed below $82 a barrel after surging 16 per cent in July

Insights: The age of cloud deployment choice is here

In the UAE, analysts estimate that total spending on public cloud will show a CAGR of 23.4 per cent hitting $3.30bn in 2026

Aldar Properties’ Q2 2023 profit jumps 52 to 354m

Aldar Properties’ Q2 2023 profit jumps 52% to Dhs1.3bn

The property giant’s development sales hit a record Dhs11.6bn in the three months to June 30, with 10 new project launches a year to date

Russia to issue e-visa for 19 countries including India from August 1 Image Getty Images GettyImages-877839566

Russia to issue e-visas to Indian passport holders from August 1

In February, the Russian Prime Minister signed a decree approving facilitated visa regime for citizens of 19 countries, including India and the Philippines

nol pay

Dubai’s RTA updates nol Pay app with 4 new features

The official payment platform seeks to improve the transportation experience in Dubai for residents, visitors and tourists