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United Arab Emirates
Technology
UAE cyber professionals overwhelmed by escalation of threats
Despite increased spend
Logistics
UAE dirham hits all-time high against Indian rupee, British pound
Prices of food, groceries to drop by 20%
Health
UAE adopts less stringent Covid-19 requirements
Mask rules dropped in most public places
Technology
Dubai to discuss road map to reach $30 tn mark for metaverse industry
Event to explore digital economy, unlock metaverse potential
Technology
UAE launches new studio to address region’s demand for Web3, metaverse
Studio will streamline, ease the way that firms can access Web3 technologies
Energy
UAE to supply Germany with LNG, diesel cargoes in 2022, 2023
Germany seeks to diversify energy sources amid reduced supply of Russian gas
Markets
Burjeel decides to offer 11% of its shares in Abu Dhabi market
The first privately owned company to go public in the UAE
Energy
ADNOC, TAQA announce closure of $3.8 billion clean energy deal
Project to reduce carbon footprint of ADNOC’s offshore operations by 30%
Energy
Al Jaber: UAE “fully committed” to energy transition
But more realism about the scale of the challenge is need to properly address it
Markets
Salik raises over $1 bn from IPO
Offering more than 49 times oversubscribed
Economy
57% of Arab youth prefer to live in UAE
Visa reforms and low taxes are among factors attracting young Arabs
Banking & Finance
Emaar shareholders approve acquisition of Dubai Creek Harbour, sale of Namshi
Abolition of minimum contribution of UAE, GCC nationals also passed
Economy
Bin Touq: UAE’s non-oil sectors’ contribution to GDP a qualitative achievement
Contribution of tourism, retail, largest among other sectors
Hospitality & Tourism
UAE: Tourists spend reaches $27.4 bn in 2021
The highest among the GCC markets
Hospitality & Tourism
Michael Koth, in charge of the most iconic hotel in Abu Dhabi
The iconic Emirates Palace is now part of the Mandarin Oriental Group
Banking & Finance
UAE working on initiatives to enable instant payments
CBUAE also looking at improving consumer protection framework in the country
Technology
Binance gains MVP License from Dubai’s VARA
Move enables traders to open financial accounts in UAE-based banks
Technology
Anker Innovations launches its first flagship store in the UAE
The new store exhibits the brand’s latest innovations in smart homes
Markets
Salik’s IPO: Individual subscription period set to close today
The qualified investor subscription period will expire tomorrow
Real Estate
Most expensive townhouse sold in Dubai for AED 35.5 mn
Deal joins a series of other successful transactions
Energy
Dubai reduces carbon emissions by 21% in 2021
Council also discussed enhancing current gas cylinders to advanced ones
Hospitality & Tourism
UAE passport remains world’s most powerful with access to 175 countries
Including 119 without a prior visa
Health
UAE’s IHC acquires 15% stake in healthcare provider Burjeel
IHC didn't disclose a value for the acquisition
Real Estate
Dubai’s real estate transactions hit AED 3 bn amid market boom
Total sales amounted to AED 2.78 bn
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