#News

Abu Dhabi

Abu Dhabi: Unvaccinated visitors now allowed to enter cultural sites, events

However, they would require a negative PCR test not older than 48 hours to do so

ADNOC

UAE’s ADNOC awards agreements worth Dhs2.4bn to support upstream growth

Over 65 percent of the award value could flow back into the UAE economy under ADNOC’s In-Country Value programme

Falcon Island by Al Hamra

Al Hamra unveils Dhs1bn Falcon Island residential project in Ras Al Khaimah

The North Island will be constructed in Phase 1 and will consist of 240 villas, ranging from two- to seven-bedrooms, with prices starting from Dhs1.2m

Dubai airport

Woman caught smuggling 5.6kg of cocaine at Dubai International Airport

The woman, arriving from a Latin American country, concealed the drugs in a hidden compartment in her suitcase and in bottles of body-care products

Ramadan 2022: Private sector working hours announced in UAE

The reduced hours will be applicable throughout the holy month of Ramadan

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approves Services 360

Sheikh Hamdan approves Services 360 policy to improve Dubai Government services

The initiative is expected to achieve annual financial savings exceeding Dhs1bn over the next five years and the elimination of nine million physical customer visits to service centers annually

Ain Dubai closes temporarily with immediate effect

The attraction will reopen on the Eid Al Fitr holiday weekend

Riyadh

Saudi oil refinery targeted in drone attack

The strike on the facility in Riyadh on Thursday morning did not result in any injuries, while the supply of oil from it remained unaffected too

talabat Cristiano Ronaldo

Watch: Cristiano Ronaldo appointed as official ambassador for talabat

Talabat will feature Ronaldo in a number of campaigns and on-ground activations across the MENA region

Paraguay confirms plan to open embassy in UAE

Bilateral trade between Paraguay and the UAE stood at $25.8m in 2020

Waste to hydrogen

Development to begin on the region’s first waste-to-hydrogen plant in the UAE

Once operational at full capacity, the facility will produce 18,000kg of green hydrogen a day

Tabreed

UAE’s Tabreed launches green financing framework to fund projects

The framework is accompanied by a second party opinion from ESG ratings agency Sustainalytics

Ramadan 2022

Ramadan 2022: Working hours for federal government employees in UAE announced

Apart from reduced hours, they can also opt to work remotely on Fridays

Getty Images

Abu Dhabi golden visa holders to receive range of exclusive benefits

It includes special offers across several sectors including automotive, insurance, banking and real estate

Alef Group hayyan

Alef Group launches Dhs3.5bn Hayyan villa project in Sharjah

Hayyan extends over an area of 8.7 million sq ft and includes a total of 1,836 villas, spread across three different zones

Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs

UAE Central Bank approves creation of 5,000 jobs for Emiratis by 2026

The Emiratisation plan will apply to managerial positions across the country’s banking and insurance sectors

UAE announces $5m humanitarian aid for Ukraine

The contribution will be made to the United Nations’ Humanitarian Flash Appeal and the Regional Refugee Response Plan for Ukraine

UAE raises fuel prices for March 2022

It is the second straight month that fuel prices have risen

Saudi oil discovery

Saudi announces discovery of natural gas fields across four regions

Saudi Aramco has discovered the five fields that can produce over 100 million cubic feet per day of natural gas in total 

Dubai Real estate

Dubai releases first-ever official residential rental performance index

The Dubai Land Department coordinated with Property Finder to launch the inaugural edition of the index

Qatar

Qatar updates Covid-19 PCR testing rules for inbound citizens and residents

Vaccinated citizens and residents are not required to conduct a pre-departure PCR test before travelling to Qatar, provided that the country they are departing from is not on the red list

Etihad Rail

Etihad Rail signs Dhs1.99bn financing agreement for passenger services with First Abu Dhabi Bank

The passenger service will connect 11 cities and locations in the UAE and is expected to carry over 36.5 million passengers annually by 2030

Etisalat e&

UAE telecom major Etisalat Group rebrands as e&

e& has also announced the establishment of its consumer digital and enterprise digital business units

UAE

UAE updates terror list to include one individual and five entities

They have been linked to supporting and financing Yemen’s Houthi militia

Dubai real estate

Dubai most preferred foreign investment location for Saudi home buyers – Knight Frank

The annual 2022 Saudi Residential Survey spoke to 55 HNWIs in Riyadh, Jeddah and Dammam

Umex Simtex

UAE signs defence deals worth Dhs1.62bn on first two days of Umex and Simtex 2022

It marked an increase of 159 per cent compared to the corresponding period of last year’s exhibition

Bahrain

Bahrain begins construction on United States Trade Zone

The USTZ will be initially spread across approximately 1.11 million sq m and built at a cost of around BHD75m

Saudi Arabia maintained its position in the top 50 global rankings

Abu Dhabi records Dhs71.5bn of real estate transactions in 2021

There were a total of 14,958 sales and mortgage transactions, with Yas Island topping the list with Dhs4.1bn in real estate deals

Bharain investcorp

Bahrain’s Investcorp acquires 64 industrial properties worth $640m in the US

The latest acquisitions grows Investcorp’s US industrial real estate holdings to approximately $3.5bn across approximately 32 million sq ft

Dragon Oil

Dubai’s Dragon Oil confirms first oil discovery in Egypt’s Gulf of Suez

The field could contain around 100 million barrels in reserves