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Masdar to co-invest in Germany’s EUR1.6bn Baltic Eagle wind farm

Masdar, Iberdrola to invest in Germany’s $1.8bn Baltic Eagle wind farm

The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours, enough to power 475,000 homes

Galaxy Z Flip5, Z Fold5

Samsung unveils new Galaxy Z Flip5, Fold5

From content creation on Galaxy Z Flip5 to seamless multitasking on Galaxy Z Fold5, this series of Galaxy foldables meets and exceeds the distinctive needs of today’s users

DIB’s quarterly net profit jumps by 15% to $844m

DIB’s Q2 net profit surges to $844m on higher revenue

The Shariah-compliant bank’s total income reached Dhs9.3bn during the quarter, up 49 per cent from Dhs6.22bn the same period a year ago

Mudon development

Dubai Properties launches final phase of Mudon Al Ranim

The Mudon community is made up of villas and townhouses, along with retail amenities such as restaurants, shops, and health clinics

Dubai Government mulls implementation of Common Law in Free Zones Dubai Airport Free Zones Image Dubai Media Office

Dubai explores implementation of common law in free zones

This potential adoption aims to bolster the emirate’s appeal for investors and Dubai’s global competitiveness

Dubai Ferry to resume services to Sharjah Image RTA Twitter

Dubai Ferry to resume services to Sharjah

The marine transport service will run eight trips a day from Monday-Thursday, and six trips from Friday-Sunday

Dubai to host generative AI assembly in Oct GettyImages-1194176305

Dubai to host key generative AI assembly in October

The assembly will bring together public and private enterprises to engage in conversations on emerging technology and its potential

affordable luxury

Summer tourism trends: UAE travellers embracing affordable luxury, says report

The luxury travel market is experiencing significant growth, characterised by a preference for 5-star stays, premium economy or business class flights, and exclusive private tours

UAE government

UAE government revenue at $31bn in Q1 2023

The World Bank projects the UAE’s non-oil sector is expected to achieve strong growth by the end of 2023 driven by robust domestic demand

Mubadala Energy, Pertamina to explore CCS

Mubadala Energy partners with Pertamina to explore CCUS

The deal facilitates knowledge sharing between the two entities while exploring potential joint investments in upstream projects

Dubai Sustainable Tourism Stamp 2023

Dubai Sustainable Tourism Stamp to recognise eco-friendly hotels in the emirate

The Dubai Sustainable Tourism Stamp by DET to showcase the hotel’s adherence to sustainable practices and environmental stewardship

Ellington Properties and Dutco to develop several residential projects in Dubai Image DUTCO Ellington Properties

Dutco, Ellington Properties to develop high-end residential projects in Dubai

The first phase of the collaboration will see the launch of two new waterfront projects in Dubai

Aldar hikes retail portfolio investment to $272m

Aldar increases investment in retail portfolio to $272m

The investment follows the completion of Yas Mall’s Dhs500m redevelopment plan

Man tests positive for MERS virus in UAE,

Man tests positive for MERS virus in UAE, WHO confirms

Abu Dhabi has increased monitoring for the virus to try to identify potential cases and raise awareness by hosting workshops

Sheikh Hamdan amends resolution related to railways in Dubai Image Dubai Media Office Twitter

Sheikh Hamdan amends regulations governing railways in Dubai

The new resolution details RTA’s functions including the planning, design and development of the public railway network in the emirate

Image: Twitter / Etihad Airways

Etihad Airways among most punctual airlines in Middle East for H1 2023

Four million passengers will fly with Etihad over the summer months via its home base in Abu Dhabi

Rixos Dubai Islands Hotel & Residences Image Nakheel Rixos

Nakheel launches Rixos Hotel & Residences on Dubai Islands

Along with the Rixos property, Dubai Islands will be home to more than 80 resorts and hotels

Saudi Arabia allots $100m for Sudan humanitarian crisis

Saudi Arabia pledges $100m for Sudan humanitarian crisis

Prince Abdulaziz bin Saud said the kingdom is actively working to lessen suffering in areas affected by crises, conflicts and disasters

UAE holidays

UAE public holidays: When is the next long weekend in 2023?

The UAE Cabinet has granted the public and private sector equal official holidays in order to streamline work

Dubai Chamber expands global reach with Vietnam office

Dubai Chamber expands global footprint with Vietnam office

The office will support and guide Dubai-based companies seeking to expand into Vietnam throughout every stage of their international expansion

DIFC Courts sets new record with AED 15 billion in claims in H1 2023 Image: DIFC Courts

DIFC Courts reports Dhs15bn in claims value in H1 2023

There was an increase in the total number of cases across all divisions, with 455 cases filed

DEWA joins CharIN to advance green mobility

DEWA bolsters commitment to green mobility by joining CharIN

The membership allows DEWA to actively participate in establishing industry standards for electric vehicle charging systems

Here's how many transactions Dubai Customs processed in H1 2023

Dubai Customs reports H1 highlights, processes 14 million transactions

Dubai Customs reported a 10 per cent surge from the 12.7 million transactions registered in the same period last year

GMG opens first Monoprix Maison outlet outside France Image GMG

UAE’s GMG opens first Monoprix Maison outlet outside France

The new outlet is located at Springs Souk Mall by EMAAR in Barsha Heights, Dubai

UAE to support countries affected by immigration with $100m

UAE allots $100m to support countries affected by ‘irregular migration’

President Sheikh Mohamed bin Zayed said that ‘irregular migration’ stands as one of the most critical challenges facing the world today

millet

This humble grain is showing up on Michelin-starred menus

Consumer goods companies are betting on increasing demand with innovative, millet-based snacks

UAE chases 7% growth to double economy to over $800bn

UAE chases 7% growth to double economy to over $800bn

The Gulf country is seeking bilateral trade deals and partnerships to ensure its economy is sufficiently diversified away from oil-dependent growth

Image: Twitter/ G-20 India

G-20 energy ministers meet as extreme heat puts focus on energy transition

The G-20 energy ministers’ meet in Goa is intended to lay the ground for a leaders’ summit in September and offer an opportunity to reinvigorate sluggish energy diplomacy

FAB’s quarterly profit up 61% on higher rates

FAB’s quarterly profit up 61% on higher rates

The banking group’s operating income reached Dhs6.8bn in Q2 2023, a 37 per cent YoY increase from the same period a year earlier

ADCB

ADCB’s Q2 2023 net profit jumps 23% to Dhs1.93bn

The bank said its strong performance was driven by broad-based income growth and improved efficiency metrics