DIFC aims to attract 50 hedge funds to Dubai photo courtesy Dubai Media Office twitter

US hedge fund Verition chooses DIFC for global expansion

Verition manages approximately $7.3bn across its strategies, with over 400 employees globally

SRC Signs a 3-year sponsorship Deal With Saudi Football Club Al Ittihad image SRC

Saudi’s PIF-owned SRC signs 3-year sponsorship deal with Saudi Football Club Al Ittihad

The sponsorship is part of SRC’s support for the development of Saudi Arabia’s thriving sports sector and key objectives of Vision 2030’s ‘Quality of Life Program’ to promote sporting activity

CMO and co-founder of Binance Yi-he Image Binance

Binance Academy, Coursera partner to advance blockchain education

The programmes will cater to individuals looking for a foundational understanding of blockchain, web3 and crypto technologies, and for those who wish to pursue a career in the blockchain industry

RAKEZ signs MoU with Manufacturers’ Association of Israel

UAE’s RAKEZ signs MoU with Manufacturers’ Association of Israel

The economic freezone seeks to provide an adaptive and supportive ecosystem for investors looking to expand their horizons and businesses

AMAZON.AE PRIME DAY offers for Prime Members Image Amazon

Prime Day deals: Amazon UAE reveals exclusive offers for Prime members on July 11-12

Prime members in the UAE can avail of free international shipping from Amazon US and UK via the Amazon.ae Global Store, with no minimum purchase during Prime Day

Fnatic

Sony, Fnatic partner to develop next-gen gaming gear

As part of the collaboration, Sony’s gaming gear brand, Inzone, will engage in co-creation activities with Fnatic

Threads by Instagram

Threads by Instagram: Here’s how to use it

Threads provides a fresh platform for real-time updates and public discussions, catering to both creators and casual users

Echo Pop

Amazon introduces all-new Echo Pop in UAE

The device is available in Lavender Bloom, Midnight Teal, Glacier White and Charcoal colours

abu dhabi

Abu Dhabi Customs launches new corporate identity

The new identity is in line with the custom authority’s aim of consolidating its position as a world-class clearance department

Qatar Airways FY 2022-23 financial Results Image Qatar Airways

Qatar Airways reports $1.21bn in net profit for FY2022-23

Passenger revenue rose by 100 per cent over last year, on a capacity increase of 31 per cent driven by 9 per cent higher yields and a load factor of 80 per cent

iraq

Oil holds gain as traders turn focus to decline in inventories

West Texas Intermediate traded just below $72 a barrel

MBZUAI etihad Airways sign Mou

Etihad Airways, MBZUAI to leverage AI to enhance UAE’s aviation industry

The MoU will create training opportunities for MBZUAI students to advance their understanding of the aviation industry while using AI to address challenges

Dubai SME members awarded Dhs1.12bn in contracts in 2022 Image credit GettyImages-1214946297-e1682524082437

Dubai SME members receive Dhs1.12bn in contracts in 2022

The contribution of Dubai government bodies was worth Dhs552.51m, while federal government entities granted contracts worth Dhs88.2m

UAE attracts foreign direct investment of $23bn in 2022

UAE attracts foreign direct investment of $23bn in 2022

The country remains the leading recipient of global FDI in the GCC, attracting 61 per cent of all foreign investments into the region last year

Medcare Royal Hospital

Dubai: Medcare Royal Hospital to be launched in Al Qusais

Constructed by Dubai Developments, the 126 – bed premium hospital will offer individualised care in a range of specialties

DMCC welcomes over 1,400 companies in H! 2023 uptown & jlt Image DMCC

Dubai’s DMCC welcomes 1,456 companies in H1 2023

DMCC is now home to more than 23,000 member companies from across the world

Samsung and FRAME tap local creators for Galaxy Z Flip4 accessories inspired by UAE cultureSamsung and FRAME tap local creators for Galaxy Z Flip4 accessories inspired by UAE culture image credit Samsung and Frame

Samsung, FRAME unveil Galaxy Z Flip4 accessories inspired by UAE culture, created by local artists

The creations launched at Al Shindaga Museum in collaboration with Dubai Culture are available for purchase online until the end of July

real estate

Dubai’s real estate market reports double-digit surge in June

The emirate’s real estate market has posted its strongest performance for the month of June in a decade

central bank outlines measures to alleviate burden of residential property loans for UAE nationals Image courtesy CBUAE

UAE issues measures to address impact of rising interest rates on property loans for citizens

The notice was issued following approval from the Central Bank of UAE’s board of directors, with the measures coming into effect from July 1

Emirates begins flights to Montreal (Image: Supplied by Emirates)

Emirates commences daily service to Montréal

The airline’s North American network now stands at 14 destinations

Meta

Meta launch of Twitter competitor ‘Threads’ expected soon

With the launch, Meta is seeking to take advantage Twitter’s problems since the social media platform was taken over by Elon Musk

IHG Hotels Voco

IHG Hotels & Resorts to bring voco brand to Beirut

The voco Beirut Central District is a conversion property that will be rebranded by the end of this year

BARAKAH

Barakah One completes refinancing of Barakah plant

The KEXIM loan facilities were refinanced through a competitive market process resulting in the selection of two banks, ADCB and FAB

Qatar Airways begins flights to Lyon (Image: Sourced from Qatar Airways Newsroom)

Qatar Airways begins direct flights to Lyon from Doha

The services will operate every Monday, Wednesday, Friday and Sunday

Emirates NBD introduces carbon market trading -GettyImages-630846210

UAE’s Emirates NBD introduces compliant carbon market trading

The offering will help the bank’s clients to seamlessly tap global carbon credit markets to support their net zero ambitions and sustainability goals

licence

WeRide receives UAE’s first self-driving licence

The licence will allow WeRide to conduct various road testing exercises and autonomous driving operations across the UAE

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

The bank allows its customers to digitally create an investor number on the Abu Dhabi bourse and apply for IPO subscriptions

TweetDeck

Twitter to make TweetDeck available only to paid, verified users

Several features have been placed behind a paywall in recent months, most notably Twitter’s iconic blue verified checkmarks

Digital identity

Insights: Digital identity is key to achieving national objectives

The UAE has embraced the vision of a sustainable future, investing heavily in renewable energy and dynamic technologies centered around innovation

emirates

Emirates announces job openings for cabin crew, ground staff

The latest recruitment campaign for cabin crew and ground staff follows a record year of growth for the airline and the global aviation sector