#UAE

Thales RUAG

Thales acquires RUAG’s simulation and training business

This integration will help accelerate the move towards developing more environmentally efficient and digital training solutions for the military

Covid cases August 12

UAE reports 196 Covid-19 cases, 301 recoveries

The nationwide case count has risen to 899,637

Museum of the future

Emirates unveils Dubai’s Museum of the Future livery on A380s

The airline will unveil the special livery on a total of 10 A380 aircraft, which will in turn fly to around 30 destinations over the coming year

OSS

What the billion-dollar OSS market means for software delivery in the UAE

Nearshoring – outsourcing service provision to another company in a nearby country is rapidly growing. Shankar Garg, MD, Xebia Middle East outlines why this is a game-changer in software delivery in the UAE

Covid cases July 29

UAE reports 199 Covid-19 cases, 280 recoveries

The nationwide case count has risen to 899,441

Crude oil japan

Japan increases crude oil imports from the UAE

Japan’s total oil imports in March amounted to 89.15 million barrels, compared to 78.51 million barrels in February

waste to energy

UAE’s first waste-to-energy plant to produce 30MW of low-carbon electricity annually

The Sharjah Waste to Energy plant will help divert up to 300,000 tonnes of unrecyclable waste away from landfills each year

Ras Al Khaimah Airventure

Ras Al Khaimah offers new hot air ballooning experience

The RAK Airventure attraction is open daily at Manar Mall and is part of the emirate’s sustainable tourism initiatives

UAE IPOs

UAE, London IPOs planned for Africa Finance’s infrastructure projects

The Nigerian banking group aims to combine assets in renewables, ports and industrial parks and offer them to investors through initial public offerings

Petrol prices

UAE reduces petrol prices for May 2022

However, the price of diesel has been raised from Dhs4.02 in April to Dhs4.08 per litre

Abu Dhabi

Abu Dhabi’s tourist attractions and events can now operate at full capacity

It has also approved an extension of the green pass validity period on the Al Hosn app from 14 to 30 days for those who are fully vaccinated

Covid-19 cases

UAE reports 275 Covid-19 cases, 334 recoveries

The nationwide case count has risen to 898,045

AI

Majority of UAE workers believe AI and data science will impact their jobs in five years

The YouGov study commissioned by Dataiku reveals the country to be pro-AI, but work still needs to be done to democratise the use of data and AI

Eid Al Fitr protocols

UAE announces protocols for Eid Al Fitr

Worshippers must wear face masks at all times, maintain physical distancing of one metre and use personal or single-use prayer mats

Dubai Islamic Bank

Dubai Islamic Bank posts 58% rise in net profit for Q1 2022

The bank’s total income reached Dhs3.01bn, recording growth of 6 per cent year-on-year compared to Dhs2.84bn achieved in Q1 2021

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council

Sheikh Hamdan approves launch of Dhs370m Venture Capital Fund for Startups in Dubai

It will be governed by the Dubai International Financial Centre, which is also a 15 per cent contributor to the fund

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

freezones

Contribution of Dubai freezones to emirate’s GDP to reach Dhs250bn by 2030

The projections were made during a meeting of the Dubai Free Zones Council chaired by Sheikh Ahmed bin Saeed Al Maktoum

KFC Operator

Middle East KFC operator picks banks for dual listing

Americana operates restaurants for brands including Baskin Robbins, Costa Coffee and TGI Fridays as well as KFC and Pizza Hut, according to its website

Aldar

UAE’s Aldar reports Dhs688m net profit in Q1 2022

Revenues stood at Dhs2.68bn in Q1 2022, a year-on-year growth of 31.5 per cent

Covid-19

UAE reports 212 Covid-19 cases, 333 recoveries

The nationwide case count has scaled to 897,770

TA’ZIZ, Reliance Industries Limited

UAE’s Ta’ziz, Reliance sign agreement for Ruwais chemicals project

These chemicals will be produced in the UAE for the first time creating new revenue streams and opportunities for local manufacturers

E-Scooter permits

RTA to open online applications for e-scooter permits in Dubai

The applicant should not be under the age of 16 and will need to undergo a training course on the RTA’s website

UAE reports 207 Covid-19 cases, 336 recoveries

The nationwide case count has scaled to 897,558

New Takaful provider

Dubai, Abu Dhabi companies to merge to create new Takaful provider

The merged company would benefit from cross-selling opportunities via increased geographic footprint and via capitalising on larger underwriting capacity

air arabia gujarat

Air Arabia Abu Dhabi to begin flights to Indian city in Gujarat

It represents the seventh city in India that Air Arabia Abu Dhabi will connect with direct services

Expo 2020 dubai sme

Expo 2020 Dubai awarded SMEs contracts worth Dhs6.8bn

It represents over a quarter of all Expo 2020 Dubai contracts in terms of value

e& UAE q1 2022

UAE’s e& reports net profit of Dhs2.4bn in Q1 2022

First quarter consolidated revenues grew by 0.8 per cent to Dhs13.3bn, with the consolidated net profit rising by 3.6 per cent year-over year

UAE reports 215 Covid-19 cases, 358 recoveries

The nationwide case count has risen to 897,351