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Economy Middle East Summit
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United Arab Emirates
Energy
UAE fuel prices rise: What will drivers pay in July?
The price rise is in line with previous increases throughout 2022
Markets
First UAE’s Co-op to list its shares in Dubai Financial Market
Listing is scheduled for the 18th of this month
Economy
Microsoft appoints Naim Yazbeck as General Manager, UAE
Yazbeck to succeed Sayed Hashish who served in the role since 2016
Technology
Dubai begins digital mapping for a fleet of driverless taxis
Increased focus on self-driving transport, more driverless journeys
Logistics
Dubai’s Yiwu Market opens doors to public with 1,600 showrooms
The project aims to increase foreign trade to AED2 tn in five years
Technology
UAE launches first AI Center of Excellence in the region
AI could unlock $12.6 trillion in value globally by 2030
Economy
Dubai to maintain post-pandemic recovery amid GDP growth
International passenger traffic to continue pandemic recovery
Economy
Non-oil trade between UAE, Japan valued at $3.5 billion in Q1 2022
Intra-non-oil trade between two countries reached $13.3 billion in 2021
Banking & Finance
Alpha Dhabi becomes parent company of Aldar Properties
Alpha Dhabi is now Aldar's single largest shareholder
Economy
Shopping online or in-stores? Here’s what women want
50% looked up the product online before going to the store to buy it
Markets
UAE’s TECOM raises over $463 mn for its IPO
Offer marks highest oversubscription multiple for listings on the DFM
Banking & Finance
Heavy demand for UAE bonds despite recession fears
Bonds five times oversubscribed
Energy
ADNOC inks local manufacturing deals
Participating companies to contribute 110 billion dirhams
Economy
UAE: 750 intellectual works’ registration certificates issued in 5 months
A 57% increase compared to the same period in 2021
Economy
UNCTAD: UAE ranks first regionally, 19th globally in attracting FDI
Outward investments flows reached $22.5 billion
Hospitality & Tourism
International visitors fuel Dubai’s tourism momentum
A 197 percent YoY increase from the same period in 2021
Logistics
Abu Dhabi introduces Amazon’s latest last-mile delivery technology
The emirate welcomes opening of largest Amazon high-tech facility
Banking & Finance
UAE launches two-tranche dollar-denominated bonds
Bonds comprises a 10-year tranche and 30-year Formosa portion
F&B
Dubai restaurants earn Middle East’s first Michelin stars
11 were awarded Michelin stars and 14 received a Bib Gourmand
Real Estate
Dubai registers historical real estate transactions in Q1 2022
The emirate recorded 7,936 off-plans sales, up 117.7% YoY
Op-eds
Why flexible solutions are key to deliver positive employee experiences
85% of UAE companies saw productivity increase after shift to hybrid work
Industry
UAE’s industry to contribute AED 300 bn to the economy by 2031
AED 110 bn to be allocated for agreements with local manufacturers
Energy
Taqa, Adnoc, and Mubadala enter binding agreements to buy Masdar stakes
Significant step within strategic partnership announced by UAE President
Energy
DEWA: Water service saved 8 bn gallons, AED 500 mn until March
Report highlighted the role of a smart grid in the Smart City's development
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