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Published date: 22-04-2021
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Industrial

Emirates Business

First blockchain-enabled precious metals refinery to open in Dubai

DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals…Read more

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Financial Services

Mubasher

picture Zurich Capital Funds launches world's first Islamic digital bank

UAE – Mubasher: Zurich Capital Funds Group has launched the world’s first fully Islamic Shariah-compliant digital bank, known as RIZQ/BARAKA bank, from the UAE. The bank will offer all banking services, according to Islamic law, only through…Read more

Healthcare

Reuters

UAE may impose virus curbs on unvaccinated people, official says – Reuters

The United Arab Emirates has warned it could impose restrictions on people who have not been vaccinated against COVID-19 as the region’s business and tourism hub pushes its immunisation campaign.The country of some 9 million, which…Read more

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Transport

Arabian Business

picture Emirates could tap Dubai for support amid delayed recovery

Airline will make the recommendations to the government as where to go with regards to raising more cash if demand doesn’t rebound, says president Tim Clark Emirates said on Wednesday it may need to tap Dubai’s government…Read more

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Oil & Gas

Bloomberg

Abu Dhabi Said to Weigh Sale of $4 Billion Stake in Utility Taqa

Abu Dhabi Said to Weigh Sale of $4 Billion Stake in Utility Taqa

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Oil & Gas

Zawya

picture UAE among top 10 across 12 energy transition indicators

The UAE has been ranked in the top 10 in 12 of the World Economic Forum’s (WEF) indicators for fostering energy transition as the country attempts to move towards clean energy.These indicators include the electrification rate,…Read more

Agriculture

Gulf Today

DP World to drive progress in the F&B manufacturing sector

The new F&B Terminal aims at creating a sustainable and diversified economy in the UAE. DP World, UAE Region in collaboration with the UAE Food & Beverage Manufacturers Group recently hosted ‘The Food & Beverages (F&B)…Read more

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Financial Services

Mubasher

picture Dubai Investments acquires 21.5% stake in National General Insurance

Dubai Investments has purchased 32.3 million shares in National General Insurance Company (NGI) from Emirates NBD. The transaction, valued at AED 3.27 per share, represents 21.53% of NGI’s share capital, according to a bourse filing on Wednesday. Following the execution of the…Read more

Real Estate

Mubasher

Dubai-based PropTech startup raises one of MENA's largest seed rounds

UAE – Mubasher: Dubai-based Huspy, a PropTech startup, has raised one of the largest seed rounds in the Middle East and North Africa (MENA) led by VentureFriends. Launched in August 2020, Huspy provides a web and app-based…Read more

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Financial Markets

Arabian Business

picture UAE overtakes China in $17 billion U.S. treasuries buying spree

The United Arab Emirates bought more U.S. Treasuries than China in February, breaking with other top oil exporters in the Arabian Gulf region that cut back on their exposure to one of the world’s safest assets. OPEC’s…Read more

Real Estate

Arabian Business

Where to invest in Dubai to see high return on short-term rentals

With around 40,000 units coming onto the market in 2021, Dubai is set to continue its surge in property offerings. The property market has also become more affordable allowing potential investors to choose from a wide…Read more

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Financial Services

Global Trade Review

picture HSBC completes first end-to-end paperless steel trade between UAE and India

A shipment of flat carbon steel to the UAE from India has become the first integrated paperless letter of credit (LC) and electronic documentary transaction for a steel export, according to HSBC, which financed the trade….Read more

Tourism

The National

UAE hotel occupancy rises to 62% in March, STR says

Hotels in the UAE recorded a surge in occupancy rates during March, extending growth seen in 2020 into the first quarter of this year, as the economy rebounds from the Covid-19 pandemic. The UAE’s hotel occupancy…Read more

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Oil & Gas

The National

picture UAE has potential to become a manufacturing hub for hydrogen infrastructure

The UAE could consider becoming a manufacturing base for hydrogen equipment, as it looks to add the alternative fuel to its future energy mix, according to a senior adviser to the energy and infrastructure ministry. “Being…Read more

Transport

Emirates Business

Etihad Airways operates its first ecoFlight for 2021

Etihad Airways, the national carrier of the UAE, has operated its first ecoFlight for 2021, continuing research and testing under the Etihad Greenliner programme to assess environmental sustainability initiatives during scheduled services. This is Etihad’s fourth…Read more

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