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United Arab Emirates
Logistics
S&C, flydubai, support transition to most fuel-efficient jets
The 2 companies signed SLB deal for 5 Boeing jets
Energy
UAE’s ADNOC, BP, and Masdar forge clean energy partnership
ADNOC says the project with BP has moved into the design phase
Technology
Hamdan bin Mohammed announces inaugural ‘Dubai Future Forum’
Event to focus on exploring and shaping the future
Technology
UAE employees are hybrid inclined
Companies are taking positive steps but more needs to be done
Real Estate
Economic growth in the UAE drives surge in property deals
Sales prices recorded a significant spike, particularly in regard to villas
Technology
UAE education system to be restructured
The new reforms aim to enhance the sector across all stages
Markets
The IPO of “Borouge Abu Dhabi” begins and “Multiply Group” as a major investor
“Borouge” stock price set at 2.45 dirhams
Economy
UAE’s MoE, ICA sign MoU to boost cooperative sector
MoU will increase the sector’s contribution to the national economy
Banking & Finance
UAE banks highlight increase in profitability in Q1
Deposits to grow driven by projected interest rate increase
Hospitality & Tourism
Tourism sector in UAE makes strong comeback
Hotel combined revenue exceeds pre-pandemic levels to $3bln
Technology
Dubai to boost metaverse contribution to economy to $4bn
The emirate aims to support 42 thousand virtual jobs
Op-eds
How to extend financial transformation to every corner of the business
Integrated Planning sits front and center
Economy
UAE to develop engineering sector to stimulate national economy
UAE engineering employers finding it difficult to recruit new staff
Banking & Finance
Alpha Dhabi to invest AED9.2bn in ‘Alpha Wave Ventures II’ fund
The Fund aims to bring the best technology to Abu Dhabi
Logistics
UAE’s ECI named Best Export Credit Agency in 2022
In recognition of its efforts in supporting non-oil exports in the UAE
Real Estate
Dubai’s open business environment attracts foreign investors
Demand for office space climbs as foreign firms expand
Real Estate
Most expensive Dubai villa sale in Emirates Hills this year
The villa was sold for $28 million
Banking & Finance
Anghami’s revenues surge to $35.5 million in 2021
Preliminary Q1 2022 revenue amounted to $9.3 million
Economy
Instant licenses consolidate Dubai’s position as a global business hub
Dubai issues over 32K licences since August 2017
Hospitality & Tourism
UAE: ID replaces residence visa sticker in passports
Change applies to residence visa applications made on May 16 and onwards
Markets
ADNOC and Borealis offer 10% of Borouge’s shares for Abu Dhabi IPO
Subscriptions start May 23 to May 28 for individuals
Hospitality & Tourism
Emirates Airline carries out massive recruitment drive
Recruiters touring Australia, UK, Europe other cities in Middle East
Real Estate
Dubai: Real estate sales reach all-time high since 13 years
Off-plan sales transactions increased by 44%, with 73.68% value increase
Real Estate
Luxury properties in Dubai continue to grow in value
Residential price index reached 79.8 points in April
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