Dubai property market Morgan Stanley

Morgan Stanley sees cash buyers and Chinese buoying Dubai property

Demand for Dubai real estate is booming after the government’s handling of the pandemic and its liberal visa policies attracted more foreign buyers

Dubai luxury properties

Dubai: Meeting the demand for luxury real estate

The city remains a lucrative luxury property market, where proactive government policy are fuelling demand from buyers and investors alike

Air Canada Boeing B787-9 Dreamliner

Air Canada to connect Vancouver-Dubai with Boeing 787

The carrier will use Boeing 787 Dreamliner aircraft on Vancouver and Dubai flights, which features three cabins services

Karm Legal

Karm Legal’s Kokila Alagh on advancements in virtual assets regulation

VARA has come out with detailed regulations and rulebooks for the virtual assets sector, indicating just how fast things are moving

loyalty programmes

Will AI define the loyalty programmes of the future?

Brands that want to retain or win back customer loyalty must deliver meaningful offers and experiences at the right time and place

affordable luxury

Top 12 getaways for Eid this year

With Eid just around the corner, many people in the UAE are already planning their vacations to celebrate the occasion with their loved ones

UAE central bank

UAE banks record Dhs245.5bn in saving deposits by January-end

The central bank said saving deposits in the banking system have increased in recent years, from Dhs152bn in 2018 to Dhs241.8bn in 2021

Imenchal

Logitech’s Loubna Imenchal on tech redefining the employee experience in a hybrid world

Companies are looking at ways to optimise collaboration, communication and productivity, ensuring that employees have the flexibility to work in a way that best suits them

Gold set for second weekly gain on weak dollar

Spot gold was up 0.1 per cent at $2,042.01 per ounce, as of 5.34am GMT

Saudi Arabia Crown Prince Mohammad bin Salman

Saudi Arabia opens four new economic zones to boost investment

The economic zones are expected to accelerate growth, increase export competitiveness, attract talent and improve the country’s global links

Etihad Airways Business Class (Image: Supplied by Etihad)

Etihad debuts unlimited and free inflight social media messaging access

Additionally, it will offer unlimited internet data packages on its widebody aircraft for a flat fee

Oil

Oil powers to fourth weekly advance as global market tightens up

West Texas Intermediate remainder above $82 a barrel, taking its weekly advance to about 2 per cent and the longest winning run since June

ADNOC Drilling platform

ADNOC Drilling secures $412m contract to develop Upper Zakum oilfield

The contract will enable the efficient delivery of completion services at Upper Zakum field and adds 20 per cent to annual revenue compared with 2022

ADNOC L&S by WAM

ADNOC L&S expands fleet with five very large gas carriers

The carriers have dual-fuel engine technology and use liquified petroleum gas as their primary fuel source

Cars24

Interview: Abhinav Gupta, CEO – Gulf region at Cars24

Reports suggest that the UAE ranks eighth globally for readiness in the electric vehicles market and is expected to grow 30 per cent annually until 2028

Air Cairo (Image: Sourced from Air Cairo website)

Air Cairo to start direct flights to Dubai from Sharm El Sheikh

The twice-weekly flights will operate from Dubai World Central airport every Thursday and Monday

EGA decarbonisation drive

EGA joins Australia’s HILT CRC to advance decarbonisation goals

The UAE firm is the first HILT CRC industry partner with operations entirely outside Australia

Oil

Oil trades near highest close in five months as market tightens

West Texas Intermediate traded above $83 a barrel after advancing by 4.4 per cent over the prior two days

TAQA Group CEO and managing director, Jasim Husain Thabet

UAE utility firm TAQA sets up green finance framework

The Abu Dhabi-listed firm said proceeds from the issuances will be used to finance eligible green projects including renewable energy

Rashid Rover

UAE’s Rashid rover to land on Moon on April 25

The rover is currently orbiting the Moon at an altitude of about 100km at the perilune and about 2,300 km at the apolune

Dubai Health Authority

Dubai welcomes 674,000 medical tourists in 2022

The city’s strategic location, exceptional infrastructure and amenities add to the factors that have raised its status as a medical tourism hub

qatar airways cargo

Qatar Airways Cargo launches a direct freighter service from Bogota to Dallas Fort Worth

The once weekly Boeing 777 freighter will offer close to 100 tonnes of cargo capacity

Big Beau project

Abu Dhabi’s Masdar acquires stake in Big Beau project, expands US presence

It is one of eight projects that Masdar and EDF Renewables have agreed to jointly partner in, with a combined capacity of 1.6 gigawatts

DC Aviation

DC Aviation Al-Futtaim adds two new aircraft to its managed fleet

The business aviation services provider will operate the new aircraft on behalf of the private owners

Hamad International Airport

Hamad International Airport teams up with Dell Technologies to drive innovation

The airport chose Dell PowerEdge servers to enhance its infrastructure capabilities

EFG Hermes exit Oman

EFG Hermes shuts Oman operations

The universal bank said the move comes in light of its efforts to drive shareholders’ value by optimising its operations and improving the return on equity metric

Hyundai

Hyundai commits to $18bn spend in shift to electric cars

The group plans to boost its annual output of electric cars in Korea to 1.51 million units by end of this decade

Oman Ahli United Bank, Bank Dhofar merger

Oman’s Ahli Bank rejects merger offer from Bank Dhofar

The board of directors studied the non-binding proposal from Bank Dhofar and decided not to accept it

Twitter

Twitter becomes X Corp as Musk advances ‘everything app’ hopes

It’s unclear what the change means for Twitter, which has seen a sweeping overhaul since Musk bought the company for $44bn last year

e& AGM photo courtesy WAM

UAE’s e& approves cash dividends for H2 2022 at Dhs0.4 per share

According to the group, the total annual dividend per share stands at Dhs0.8