#News

Riyadh

Saudi Arabia convicts 11 people for laundering SAR10bn

An initial verdict has led to the conviction of two Saudi nationals and nine expatriates

F22

US to bring F-22 fighter jet squadron to the UAE imminently

It has already deployed the the guided-missile destroyer USS Cole to patrol the waters of the UAE

Bahrain

Bahrain introduces permanent residency golden visas

Open to both residents and non-residents, as well as their families, the visa can be renewed indefinitely

Plastic bags

Dubai to impose tariff on single-use plastic bags from July 1

The tariff of 25 fils is being introduced with the ultimate aim of completely banning the use of these plastic bags over the next two years

Global emissions from buildings, construction climb to record levels

Dubai to reduce almost a third of its carbon emissions by 2030

The Dubai Supreme Council of Energy approved updated plans for the programme that will help the UAE meet its net-zero goal by 2050

dnata amsterdam

UAE’s dnata invests over EUR200m to operate cargo facility at Schiphol airport

The dnata Cargo City Amsterdam is scheduled to become operational in 2024 and will be capable of processing over 850,000 tonnes of cargo annually

UAE corporate tax

UAE to introduce federal corporate tax on business profits from 2023

The Ministry of Finance has set a rate of 9 per cent for taxable income exceeding Dhs375,000

UAe flag

UAE intercepts ballistic missile targeting country; no casualties reported

The UAE’s General Civil Aviation Authority said that there has been no impact on flights or the country’s airports

UAE’s Etisalat completes acquisition of elGrocer

The acquisition is expected to complement Etisalat UAE’s existing marketplace services under the Smiles brand

Antonio Gonzalez, CEO, Sunset Hospitality Group.

Dubai’s Sunset Hospitality Group to expand to 14 countries in 2022

It has announced plans to increase its portfolio to 50 operating venues globally by the end of this year

Ras al Khaimah UAE

New department in Ras Al Khaimah to regulate entertainment and gaming operations

The scope of activities of the Department of Entertainment and Gaming Regulation established will cover licensing, taxation, operational procedures, and consumer safeguards

Sharjah Islamic Bank

Sharjah Islamic Bank’s 2021 net profit up 27% to Dhs514.1m

Its general and administrative expenses at the end of last year stood at Dhs576.8m, compared to Dhs561.5m in 2020

Carlos A. Rosillo, CEO and co-founder of Bell & Ross

Bell & Ross co-founder Carlos A. Rosillo on the strengths of independent watchmaking

Merging French design with Swiss watchmaking techniques has resulted in a brand with universal appeal

Dubai

UAE’s Property Finder acquires proptech firm Homevalue

Fouad Bekkar, founder and CEO of Homevalue has joined Property Finder and takes on the role of vice president in charge of data and AI

Tadweer

Abu Dhabi’s Tadweer signs four contracts worth Dhs235m

These include the complete management of controlled waste landfills as well as pest control services in the emirate

Emirates Dubai USA

Dubai’s Emirates suspends flights to nine US destinations

The airline cited operational concerns with the planned deployment of 5G mobile network services at certain airports in the US

Marc Jones Motivate Talent

Five minutes with…Marc Jones, head of Motivate Talent

Part of the Dubai-headquartered Motivate Media Group, Motivate Talent aims to be the platform of choice for global personalities seeking inroads within the region

UAE launches Etihad 7 programme to fund renewable energy projects in Africa

The programme aims to supply clean electricity to 100 million people by 2035

UAE security

UAE says it “reserves right to respond” to Houthi militia attack in Abu Dhabi

The UAE added that those responsible for the targeting of its civilian facilities on Monday will be held accountable

Dubai Palm Jumeirah

Sharjah’s Arada enters Dubai property market, purchases Dhs240m land at Palm Jumeirah

The 20,500 square metre plot located on The Palm’s East Crescent has been bought from Nakheel

Injazat UAE National Security Council

Intersec 2022: Injazat signs MoU with UAE National Cyber Security Council

The agreement focuses on cyber-attack detection and response services and will enable all government and semi-government entities in the country to be safeguarded

Expo 2020 Dubai

Expo 2020 Dubai announces special Dhs10 tickets for visitors on January 16

The announcement was made as the event prepares to mark the milestone of achieving 10 million visits

DEWA-SAT 1

Video: DEWA launches nanosatellite to aid network planning and maintenance in UAE

DEWA-SAT 1 was launched on a SpaceX Falcon 9 rocket from Cape Canaveral Space Launch Complex in Florida on Thursday

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai at Infinity Bridge Dubai

Sheikh Mohammed visits new Infinity Bridge in Dubai

It improves connectivity between Deira and Bur Dubai by raising the total number of lanes crossing the Dubai Creek from 48 to 60

Bal Krishen CEO and chairman Century Financial

UAE’s Century Financial to invest $100m in Jammu and Kashmir

The investment will cover three hotels and one commercial-residential complex in the union territory

Dubai Electricity and Water Authority DEWA

DEWA commissioned 1,310 11kV distribution stations in Dubai in 2021

These stations are mainly spread across Mohammed bin Rashid Gardens, Airport City, Wadi Al Safa, and Al Yafra 2

Hisham Khalid Tawfiq Abdulkhaliq

ADQ appoints new chairman of Abu Dhabi Securities Exchange

Hisham Khalid Tawfiq Abdulkhaliq Malak also serves as the undersecretary of the Department of Finance

Emirates

Emirates suspends flights between Dubai and six African destinations

The airline will operate one-way flights from Dubai to six other countries

UAE covid-19 vaccine

Covid-19: Health ministry issues guidelines on eligibility, timelines for booster jabs in UAE

Vulnerable individuals who took the Sinopharm vaccine have been advised to take their booster shot three months after the second dose

Abu Dhabi government employees

Booster shots mandatory for Abu Dhabi government employees to enter workplace

Additionally, they must continue to present a negative PCR test results every seven days