Samsung Galaxy Z Flip5, Fold5 available for pre-orders in the UAE

Pre-orders now open for Samsung Galaxy Z Flip5, Fold5 in the UAE

The Galaxy Z Flip5 512GB is available for Dhs4,349 while the 256GB is priced at Dhs3,899

ServiceNow

ServiceNow raises sales forecast, bets on boost from AI

For the current period ending in September, subscription revenue will be about $2.19bn

Porsche seeks partners for $3.3bn EV battery plant

The luxury-car maker is considering locations close to Germany, the US and Canada

ETIC reports Q2 2023 results Image: Du EITC

UAE telco du sees Q2 net profit rise 31.2%

On the basis of the Q2 2023 results, the company’s board of directors has approved the distribution of an interim half year cash dividend of Dhs0.13 per share

Amaala

Red Sea Global partners with Equinox for Amaala hotel

The hotel will comprise 128 keys, with a focus on sports, fitness, and lifestyle

Israel crisis hits oil prices

Oil holds loss after Fed raises rates to highest in 22 years

West Texas Intermediate traded near $79 a barrel, after slipping 1.1 per cent on Wednesday

DIFC innovation Hub launches FinTech Accelerator Programme 2023 Image Dubai Media Office DIFC

DIFC Innovation Hub kicks off FinTech Accelerator Programme 2023

A total of 20 startups will be onboarded during the ninth edition of the programmen

Dubai properties DLD registers transactions worth $77bn in H1 2023 Image Dubai Media Office

Dubai properties: Transactions hit Dhs283bn in H1 2023; DLD reveals top 10 areas

Nine real estate projects worth Dhs4.06bn were completed in H1 2023, according to the Dubai Land Department

GCC central banks raise interest rates tracking US Fed move

GCC central banks raise interest rates in lockstep with the US Fed

GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf countries’ currencies are pegged to the dollar

CBUAE revokes licence of an exchange firm

CBUAE raises interest rates after US Fed resumes rate hike

The US Federal Reserve raised its benchmark interest rates by 25 points to the highest level in 22 years

Masdar to co-invest in Germany’s EUR1.6bn Baltic Eagle wind farm

Masdar, Iberdrola to invest in Germany’s $1.8bn Baltic Eagle wind farm

The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours, enough to power 475,000 homes

Galaxy Z Flip5, Z Fold5

Samsung unveils new Galaxy Z Flip5, Fold5

From content creation on Galaxy Z Flip5 to seamless multitasking on Galaxy Z Fold5, this series of Galaxy foldables meets and exceeds the distinctive needs of today’s users

Hub71 Wio Bank

Hub71, Wio Bank join forces to enhance banking for tech startups in Abu Dhabi

The partnership to streamline bank account processes for startup founders

IHG to open Regent Jeddah in Saudi Arabia Imagew IHG

IHG to debut premium Regent Hotels & Resorts in Saudi Arabia

Set to open by mid-2024 in Jeddah, the property will be one of the first new generation Regent Hotels to open globally

DIB’s quarterly net profit jumps by 15% to $844m

DIB’s Q2 net profit surges to $844m on higher revenue

The Shariah-compliant bank’s total income reached Dhs9.3bn during the quarter, up 49 per cent from Dhs6.22bn the same period a year ago

food threats

Heat, conflicts and export bans: Global food threats are on the rise

The extreme heat engulfing swaths of Asia, Europe and North America is just the latest challenge driving fluctuations in the global commodity markets and impacting food prices

Mudon development

Dubai Properties launches final phase of Mudon Al Ranim

The Mudon community is made up of villas and townhouses, along with retail amenities such as restaurants, shops, and health clinics

Bitcoin drops below $29,000 for the first time in over a month

The largest digital-asset by market value fell as much as 4.2 per cent

Dubai Ferry to resume services to Sharjah Image RTA Twitter

Dubai Ferry to resume services to Sharjah

The marine transport service will run eight trips a day from Monday-Thursday, and six trips from Friday-Sunday

Dubai to host generative AI assembly in Oct GettyImages-1194176305

Dubai to host key generative AI assembly in October

The assembly will bring together public and private enterprises to engage in conversations on emerging technology and its potential

Groundbreaking ceremony KEZAD Group Al Jazeera Steel-Products Image Kezad

KEZAD Group, Al Jazeera Steel Products break ground for Dhs250m rolling mill

The 450,000 tonnes per annum medium section mill will produce railway steel parts and other products

affordable luxury

Summer tourism trends: UAE travellers embracing affordable luxury, says report

The luxury travel market is experiencing significant growth, characterised by a preference for 5-star stays, premium economy or business class flights, and exclusive private tours

UAE traffic fine

UAE government revenue at $31bn in Q1 2023

The World Bank projects the UAE’s non-oil sector is expected to achieve strong growth by the end of 2023 driven by robust domestic demand

SNB’s Q2 2023 net profit up 9% to $1.33bn

SNB’s Q2 net profit up 9% to $1.33bn

The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30

Mubadala Energy, Pertamina to explore CCS

Mubadala Energy partners with Pertamina to explore CCUS

The deal facilitates knowledge sharing between the two entities while exploring potential joint investments in upstream projects

Air Canada moves operations to Terminal 3 at Dubai International

The first inbound Air Canada flight landing at Terminal 3 is scheduled to arrive on July 26

Dubai Sustainable Tourism Stamp 2023

Dubai Sustainable Tourism Stamp to recognise eco-friendly hotels in the emirate

The Dubai Sustainable Tourism Stamp by DET to showcase the hotel’s adherence to sustainable practices and environmental stewardship

Ooredoo mulls tower assets merger with Zain and TASC

Qatar’s Ooredoo, Zain, TASC in talks to merge tower assets

The three entities are proceeding with negotiations with the aim to sign definitive agreements in Q3 2023

Ellington Properties and Dutco to develop several residential projects in Dubai Image DUTCO Ellington Properties

Dutco, Ellington Properties to develop high-end residential projects in Dubai

The first phase of the collaboration will see the launch of two new waterfront projects in Dubai