Musk and Ramaswamy will work closely with the White House and the Office of Management and Budget
Author Archives: Abdul Rawuf
Abdul Rawuf
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Qatar
Qatar’s Emir appoints Mohammed Al Sowaidi as new CEO of QIA
He replaces Mansoor bin Ebrahim bin Saad Al Mahmoud, whom the emir on Tuesday appointed as Qatar’s next minister of health
Dubai
Dubai school kids paying $22 for Logan Paul, KSI Prime drink
Social media stars drinks being sold in school playgrounds at huge mark ups
Dubai
Revealed: Only 4 cast members of Dubai Bling are millionaires
Netflix series claims show focuses on lives of ten Dubai millionaires
Airlines
More top Etihad executives set to quit for new Saudi airline RIA
Group CEO Tony Douglas confirms departure
geopolitics
Ukraine war: Russian general admits Kherson situation ‘tense’ under shelling
Kherson was the first city to fall to the Russians, in February during the onset of the war
Abu Dhabi
Global experts at Abu Dhabi event to tackle energy security, sustainability
The event will be taking place at a time of unprecedented complexity in the energy market and the global economy, as industry and governments work to achieve energy security, while advancing the climate goals
Abu Dhabi bourse
Upbeat sentiments in real estate, banking sectors push UAE stock markets index
Dubai bourse’s main share index – DFMGI – closed 0.98 percent higher, driven by real estate, banking sectors
Russia
In pictures: Ukraine faces blackout as Russia’s massive Kamikaze drones strike
Ukrainians are reportedly being urged not to use electric appliances at certain times
Humanitarian
UAE to send $100 million humanitarian aid to Ukraine
The move follows a day after the UAE president spoke to Ukraine’s President Volodymyr Zelenskyy
airline industry
Etihad Airways, Armani/Casa collaborate to deliver premium travel experience
The new offering will be launched onboard in December 2022
Abu Dhabi Investment Authority
UAE’s ADIA to launch new data lab centre in December
The move is part of the nation’s efforts to boost research and development in the UAE
Dubai
Dubai has over 67,900 high net worth individuals: Report
Jumeirah, Al Barsha and Arabian Ranches have the highest count of HNWIs
KSI
Logan Paul and KSI’s Prime Hydration selling for 412% mark up in UAE
Drinks brand launched by stars sells at $14 for just one bottle
Guinness World Records
Monday is the ‘worst day’ of the week declares Guinness World Records
The annual reference book took it to their official Twitter page to make the declaration, receiving over 400,000 likes
Black Friday
UAE, Saudi Arabia, Egypt show higher interest in Black Friday compared to US, UK, Brazil: Report
Study shows 55 percent begin searching for products prior to actual sales dates
Apple
Apple launches new iPad Pro backed by the power of its M2 chip
Starting at $799, the device features next generation of M-series chips with 35 percent faster graphics performance and 40 percent faster processing speed than M1
Abu Dhabi
Etihad Aviation Group transferred to Abu Dhabi wealth fund ADQ
The transfer was carried out by Abu Dhabi’s Supreme Council for Financial and Economic Affairs
Alcohol in Saudi Duty Free
Saudi Arabia considers duty free alcohol sale at airports
New plans being examined for transit travellers
Mercer CFA Institute Global Pension Index
UAE pension system ranks 25th globally, driven by strong reforms: Report
The UAE has performed well in areas of adequacy, sustainability and integrity, the report showed
AR shopping experience
Snapchat reveals 65 percent of UAE population will adopt augmented reality by 2025: Report
The study states that there is a growing demand for Augmented Reality in day-to-day life
Abu Dhabi
Abu Dhabi-based NPCC breaks ground for mega fabrication yard in Saudi Arabia
The National Marine Dredging Company subsidiary to construct a new 400,000 square meter fabrication yard in Ras Al Khair port; to be completed by 2026
Abu Dhabi
Credit Suisse Investment Bank draws interest from Abu Dhabi, Saudi Arabia
Credit Suisse had already seen major investors in Qatar Investment Authority and Saudi Arabia’s Olayan Group
free speech media space
Banned by Twitter and Instagram, Kanye West to buy rightwing social network Parler
Financial details not disclosed; Parent company Parlement says the musician is ‘taking a bold stance against his recent censorship from Big Tech’
real estate registration
Sharjah Consultative Council to discuss draft amendment to emirate’s real estate registration law
The scheduled discussion by SCC followed it receiving the report from the legislative and legal affairs committee
Debt restructuring
Dubai’s Union Properties agrees to $162 million debt restructuring plan
The plan comes as part of a wider corporate turnaround strategy
Aramco
Saudi Aramco to set up two new offshore fabrication yards at Ras Al Khair
The yards, to be constructed in collaboration with National Petroleum Construction Company and McDermott International, are intended to serve the kingdom, GCC and broader markets
President Volodymyr Zelenskyy
UAE President calls Ukraine’s Zelenskyy, discusses diplomatic solutions
Sheikh Mohamed assured that the UAE will continue to exert all possible efforts to prevent the worsening of the crisis
Cybersecurity
UAE Cyber Security Council joins Gartner Research board
The UAE council is the first federal authority in the Middle East to join the Gartner board
Emirati passport
Revealed: Global passport rank 2022. Where does your passport stand?
Passports receive ranking on the basis of on the number of countries that grant visa-free and/or visa-on-arrival access to holders of that passport, the higher the number, the stronger the passport
Abu Dhabi
ADQ moves to establish an aviation services powerhouse through a three-way merger of Etihad Engineering, AMMROC and GAL
The Abu Dhabi investment major has submitted an offer to Abu Dhabi Aviation PJSC (ADA) to combine its full 100 percent shareholding of Etihad Engineering and AMMROC, as well as its 50 percent ownership of GAL, into ADA
Fashion
Fast fashion company SHEIN withholds employee pay, runs 18-hour shifts: Report
SHEIN, which also runs its operations in the UAE, was reported to penalise its employees by cutting two-thirds of their daily wage if they made a mistake on a clothing item
Abu Dhabi Department of Economic Development
Abu Dhabi economic development department organises CEOs forum to discuss issues and measures to boost non-oil exports
Abu Dhabi has set a target of boosting the emirate’s non-oil exports to AED178.8 billion by 2031, a 143 percent increase from AED73.5 billion in 2021
blockchain venture
UAE metaverse sector gets flashy with entry of fashion startups like The Rebels
For young designers, metaverse is billed as a once-in-a-generation opportunity to break into the global fashion industry without having to secure millions in funding, building supply and production chains
Amazon
Amazon opens new office in Riyadh, launches initiative to train Saudis
The operations include e-commerce, smart devices, Amazon Payments Services, Amazon Internet Services, and Amazon Advertising
Aerospace
Incredible footage of Dubai from the International Space Station
The International Space Station (ISS) has released HD footage of Dubai, you will be able to spot the space station in the skies this week
discrimination
UAE rejects ‘racist’ remarks by EU’s Josep Borrell
Statements of this kind are “inappropriate and discriminatory,” the UAE said
Abu Dhabi
Abu Dhabi launches mobile clinic that takes specialist doctors to your doorsteps
Residents can now book the new mobile preventive and treatment service; Tests and consultations available for those unable to travel to the medical center
business opportunity
Maven Global Access launches, targeting women and minority business owners
New marketing agency is behind expansion of Tyra Banks’ brand
Aldar Properties
Revealed: Top 50 GCC developers; Emaar, Nakheel, Neom shine
Annual list sees Emaar top of the charts, and NEOM making the top five
Cars
In pictures: New Lamborghini supercar models for sale in Dubai, Abu Dhabi
UAE-based company, Ultimate Motors has been confirmed as the new authorised dealer for Automobili Lamborghini in Dubai and Abu Dhabi
FIFA
Dubai launches first ever World Cup fan zone for social influencers
ITP Live and Social Distrikt team up for venture
bilateral cooperation
UAE, India finance ministers discuss ways to boost bilateral cooperation
The two sides also deliberated on the priorities set by India in its upcoming G20 presidency and the ways the UAE can support them
accelerators
Riyadh to host third edition of the Gulf Entrepreneurs Forum on Tuesday
The forum targets GCC entrepreneurs and business incubators and accelerators and financing institutions in the GCC to enable entrepreneurs and owners of SMEs to expand at the regional level
Abu Dhabi
AD Ports to hire 7,500 Emiratis in five years
AD Ports Group signed an agreement to create 1,500 new jobs annually
Hamriyah Free Zone
UAE engineering company inaugurates new $4 million production unit in Sharjah
Reliable Engineering & Fabrication is meant to cater to the needs of the oil and gas, marine, and oil and wind farming sectors
Dining experience
Dubai’s most expensive restaurant at AED5000 per person
The 12-diner capacity restaurant will open in November for a six month period until May 2023
Dividends
Dubai’s TECOM Group proposes $54mn dividend payment for first-half of 2022
The payment is subject to shareholder approval at its upcoming Annual General Meeting
air fares
UAE to Mumbai: Vistara ‘festive sale’ return tickets priced at $172
Bookings for tickets under the promotional drive commenced from Monday and will be open till Wednesday, October 19 mid-night
Brand View
World’s biggest MMA star Conor McGregor enters the world of online investing
McGregor has announced a partnership with XTB, a global and market-leading investment company that offers one of the most popular online trading platforms
Dubai RTA
RTA to operate e-scooters in 11 new areas in Dubai from 2023
Al Tawar 1, Al Tawar 2, Umm Suqeim 3, Al Garhoud, Muhaisnah 3, Umm Hurair 1 and Al Safa 2 are among the new Dubai residential districts approved for e-scooter operations
e-visas
Saudi Arabia issues e-visa for Hayya card holders ahead of FIFA World Cup 2022 Qatar
Hayya card holders can apply for visa via the Unified Visa Platform by submitting a visa application on the official website
Dubai Residential Market
Rise in rental yields lead to spike in Indian property investments in Dubai
Besides businessmen, more and more upwardly mobile Indian professionals are also now investing in residential properties in Dubai of late, after UAE announced liberalised visa policies for techies and freelancers
Affordable schools
Revealed: 10 of the most expensive schools in Dubai
As of 2019, there are 209 private schools in Dubai, according to education portal Edarabia