A321neo

Saudia fleet expands to include new A321neo aircraft

The aircraft is said to offer new levels of performance, seating 180 to 220 passengers in a typical two-class interior layout

UAE Ministry of Economy, Huawei Cloud launch startup programme

The programme will provide up to $150,000 in vouchers and access to Huawei Cloud ecosystem resources for eligible businesses

MASDAR - CITAGLOBAL MALAYSIA Image Masdar

UAE’s Masdar, Citaglobal Berhad to develop clean energy projects in Malaysia

The companies will join hands to develop renewable energy projects in Pahang, Malaysia

Aldar boosts education portfolio investment to $368m

Aldar boosts investment in education portfolio to $368m

The expansion plan includes the establishment of Cranleigh Bahrain and the acquisition of Kent College Dubai and Virginia International Private School in Abu Dhabi

Abu Dhabi DMT announces H1 real estate transactions Image Abu Dhabi DMT

Abu Dhabi real estate sector records over Dhs46.33bn in deals in H1 2023

Al Saadiyat Island topped the list with transactions worth Dhs3bn, with Yas Island coming in at second place with transactions worth Dhs2.6bn

UAE announces petrol, diesel prices for August 2023

UAE announces petrol, diesel prices for August 2023

The fuel price committee increased the price of Super 98 to Dhs3.14 from Dhs3 in July

NEOM McLaren Electric racing team ai-designed livery

NEOM McLaren Formula E team unveil world’s first AI-designed livery

The AI-designed livery was released at the London E-Prix to mark McLaren Racing’s 60th anniversary year

israel flights

Dubai Airports welcomes first Air Canada flight at DXB Terminal 3: Watch

Air Canada is the fourth international airline to operate out of the terminal

Binance receives MVP licence in Dubai

Binance receives Minimum Viable Product licence from Dubai’s VARA

The Operational MVP licence will allow Binance to offer exchange and broker-dealer services, initially to institutional and qualified retail investors

arab monetary fund extends loan to Egypt

Egypt gets $616m loan from Arab Monetary Fund

The agreement is aimed at bettering the payment-systems infrastructure, financial inclusion and regulatory framework in Egypt

OPEC projection for 2024 energy demand

Oil set for best month since early 2022 as market tightens

West Texas Intermediate held above $80 a barrel after a run of five weekly gains that lifted prices to the highest since April

UAE money laundering prosecution office

UAE approves proposal to establish money laundering prosecution offices

The offices will overlook corporate crimes, bankruptcy, regulation of competition, financial markets, intellectual property and trademarks, and customs evasion crimes

UAE MoF announces penalties for Corporate tax violations -Photo-courtesy WAM

UAE announces penalties for corporate tax violations

Under Cabinet Decision No (75) of 2023, penalties will be imposed on taxable persons who do not comply with the UAE corporate tax law effective from August 1

RTA reveals rider figures for H1 2023 dubai metro Image RTA

Dubai: 337 million commuters used public transport in H1, reports RTA

Dubai Metro ridership on both the Red and Green Lines hit 123.4 million riders, with Burjuman and Union stations accounting for the majority of riders

Jio Blackrock

Mukesh Ambani, BlackRock to launch new Indian venture

Jio Financial Services and BlackRock signed an agreement to form Jio BlackRock, an equal joint venture

Road to the future_uae boosts smart mobility

Here’s how UAE is expanding the horizons of smart mobility

Shared mobility, micromobility and autonomous vehicles are set to become mainstream in the coming years, say experts

Sharjah real estate transaction in H1 2023 Image Sharjah Tourism

Sharjah registers real estate transactions worth Dhs549.4m in H1 2023

In Kalba, 98 sales transactions were recorded in 21 regions, totalling Dhs54.1m

IUCN and RCU teams gather together to celebrate the launch of the IUCN IBEX tool Image RCU

The Royal Commission for AlUla, IUCN unveil new conservation assessment tool

 The new tool allows protected area managers to carry out self-assessment of facilities and practices against IUCN’s Green List standard

DFM’s H1 2023 profit jumps 77% to Dhs112.2m

Dubai Financial Market reports Dhs112.2m half-year profit, up 77%

The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn

Intel

Intel jumps after upbeat forecast boosts optimism about chips

The shares rose about 7 per cent in late trading

GCC stock markets are hitting record highs

GCC stock markets are hitting record highs. Here’s why

After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term

customer engagement

Here’s how top trends in customer engagement are impacting businesses

Brands are pivoting to omnichannel operations irrespective of customer or business-facing models, says Hetarth Patel, VP – MEA and managing director – UAE at WebEngage

Oil

Oil powers toward fifth weekly gain as market starts to tighten

West Texas Intermediate edged below $80 a barrel on Friday

US NSA Jake Sullivan

US National Security Advisor Jake Sullivan in Saudi Arabia for talks

The NSA’s visit comes a month after US State Secretary Anthony Blinken was in the country to meet with the country’s leaders

noon pay

Noon launches noon pay, its peer-to-peer payment system

noon Pay enables individuals to transfer money in the form of noon credits

AD Ports Group boosts cooperation with Shandong Ports Group

UAE’s AD Ports Group boosts cooperation with Shandong Ports Group

Shandong Port will transport passenger vehicles from its ports in China to Autoterminal Khalifa Port, to be stored and displayed within facilities in KEZAD

Saudi Arabia economic outlook

Saudi Arabia’s oil production cuts to slowdown growth, says IMF outlook

The impact of a slowdown in Saudi Arabia will be felt across the Middle East and Central Asia

HONOR pad XR image Honor

UAE: Honor 90 5G, Pad X9 now available, free gifts on offer

From July 17 to October 31, Honor 90 Series users can get a range of exclusive gifts from Honor Game Center, Themes and Game Manager

World Tourism Day 2023

Saudi Arabia’s PIF sets up company to boost tourism sector

The new company will invest in new tourism projects and develop attractive destinations in cities across the kingdom