Tourism Saudi reveals post-Covid entry policy in tourism push Government white paper proposes simplifying health-related entry protocols for travellers to the kingdom Saudi Arabia is working to introduce a shared framework by which countries can share information on local and global health crises to prevent disruption in air travel to and from the kingdom. The proposed policy, called Harmonising Air Travel and set out […] May 11, 2022
Tourism Belgian music festival launches adults-only desert glamping Belgian music festival organiser Tomorrowland has teamed up with local partners to open an adults-only desert resort, which will include luxury glamping accommodation, it was announced yesterday at the Arabian Travel Market in Dubai. The desert resort, to be named Terra Solis, will be located in Dubailand, Al Yufra, 25 minutes’ drive from Downtown Dubai […] May 10, 2022
Tech Make it happen: How to digitally transform your business Here is the first of our monthly guides to harnessing global trends with a razor-sharp regional focus May 10, 2022
Lifestyle Who is Lord Udny-Lister? Edward Julian Udny-Lister is a special adviser to the UK government, a political strategist and former politician. One of Boris Johnson’s closest aides, Udny-Lister served as Downing Street chief of staff from 2019 to 2021, primarily advising on strategy. He was the deputy mayor of London for policy and planning between 2011 and 2016 – […] May 10, 2022
Employment Food drivers stage walk-out over pay inspired by Deliveroo Foreign food delivery workers in the United Arab Emirates staged a mass walk-out yesterday, calling for better pay and working conditions in a rare instance of industrial action in the country. The strike follows similar action this month in which foreign workers forced another company to suspend plans to cut pay. In the latest episode, […] May 10, 2022
UAE to offer unemployment insurance in bid to retain workers "The intention is to strengthen labour market competitiveness, provide a social umbrella for workers and establish a stable working environment for all," said Sheikh Mohammed Bin Rashid Al-Maktoum. May 9, 2022
Exclusive Media & Advertising Starzplay Arabia: the rise and rise of a streaming giant With new shareholders on board, Starzplay Arabia’s Danny Bates is looking to the future with renewed confidence May 9, 2022
Banking & Finance How I got to the top: Kamal Al Samarrai, co-founder, Verity What does your company do? Verity is a UAE-based fintech startup on a mission to teach kids and teens how to earn, save, give and spend responsibly, while offering parents the ability to guide their money management. By integrating our family banking and financial literacy app with a personalised pre-paid debit card, we’re making learning […] May 9, 2022
Exclusive Tech Revealed: top co-working spaces in the Gulf Demand for co-working spaces is on the rise in the Gulf as business communities evolve to support the shift towards knowledge-based economies and nurture a new generation of startups driving a different way of working. Spaces are opening up across the region to accommodate a different breed of worker that prioritises flexibility, low rates and […] May 9, 2022
Lifestyle Netflix drops Meghan Markle’s animated series Streaming platform Netflix Inc said on Sunday it had decided to stop work on Meghan Markle’s family series “Pearl” as it reviewed animated content. Dropping several projects, including Markle’s, was part of strategic decisions on production of animated series, the company said in a statement, without providing further details on its decision. Archewell Productions, the […] May 6, 2022
Banking & Finance Buffett says inflation an issue for Berkshire, it ‘swindles almost everybody’ Warren Buffett said on Saturday that inflation “swindles almost everybody” and that it was “extraordinary” how much inflation had been seen in Berkshire Hathaway Inc’s own businesses. Inflation has surged in the United States, hitting a new 40-year annualized high of 6.6% in March, and U.S. Federal Reserve policymakers appear set to deliver a series […] May 6, 2022
Media & Advertising Prince Alwaleed confirms $1.9bn stake in Elon Musk’s ‘new’ Twitter Saudi Arabian investor Prince Alwaleed bin Talal said on Thursday billionaire entrepreneur Elon Musk will be an “excellent leader” for Twitter, as he agreed to roll his $1.89 billion stake into the deal rather than cashing out. Prince Alwaleed had on April 14 opposed the buyout bid, saying the price offered by Elon Musk, the […] May 6, 2022
Microsoft partners with Epic Games to bring ‘Fortnite’ to Xbox Cloud Gaming Microsoft Corp is partnering with Epic Games to make “Fortnite” available with Xbox Cloud Gaming, Chief Executive Officer Satya Nadella said in a tweet on Thursday. The software behemoth has been looking to bolster its firepower in the booming videogaming market and earlier this year unveiled a $68.7 billion takeover of “Call of Duty” maker […] May 3, 2022
Pharma giant Teva trims revenue estimates on currency volatility Israel-based Teva Pharmaceutical Industries, which continues to forge legal settlements in US opioid cases, reported as expected first-quarter profit and trimmed 2022 revenue estimates due to currency fluctuations. The world’s largest generic drugmaker said on Tuesday it earned 55 cents per diluted share excluding one-time items in the January-March period, down from 63 cents a […] May 3, 2022
Employment Deliveroo backs off plan to cut pay of UAE riders after strike Delivery service Deliveroo on Monday put on hold plans to cut pay and extend working hours for its drivers in the United Arab Emirates after a rare strike over the weekend. The Amazon-backed company said in an email to restaurants, seen by Reuters, that it had paused proposed changes in its rider pay structure and […] May 3, 2022
Analysis Tech Musk’s Twitter free speech promise may be tested in Middle East In a region where the local media is often controlled by the state, millions of people rely on social media platforms to follow news and express their opinions. Both Twitter and Facebook showed their potential to influence real-life events during the 2011 Arab Spring uprisings, when they played an outsize role in social upheaval. But […] May 3, 2022
Health Betting big on drug discovery, UK’s OMass Therapeutics raises $100m Betting on a fresh formula for the arduous, expensive and failure-prone field of drug discovery, UK-based OMass Therapeutics on Thursday said it has raised $100million in series B funding. Including the latest injection – led by a pack of prominent new investors including the Google Ventures and Sanofi Ventures as well as existing investors such […] May 2, 2022
Retail Apparel to buy Karl Lagerfeld brand in $210 mln all-cash deal Apparel Group Ltd said on Monday it has agreed to acquire the remaining 81% stake in Karl Lagerfeld for $210 million in cash, becoming the sole owner of the Parisian fashion brand. G-III, which owns brands including DKNY and Jessica Howard, will purchase the additional stake from a group of investors led by Fred Gehring […] May 2, 2022
Chinese coronavirus vaccine candidate to have UAE trial China’s Suzhou Abogen Biosciences Co said its coronavirus vaccine candidate using the messenger RNA (mRNA) technology and targeting the Omicron variant has obtained clinical trial approval in the United Arab Emirates. With Friday’s announcement, Abogen joins Pfizer/BioNTech and Moderna in trialing candidates modified specifically against Omicron, a highly transmissible variant with increased resistance to antibodies […] April 30, 2022
Actual COVID death toll near 15 million The official death toll from the first two years of the coronavirus pandemic is about 5.4 million. But according to a new World Health Organization report, the actual number is around three times higher than that. The U.N. body said on Thursday there were 14.9 million excess deaths associated with COVID-19 by the end of […] April 29, 2022
NMC administrators sue EY in UK for alleged negligence The administrators of NMC Health have filed a lawsuit against EY in the United Kingdom for alleged negligence on the audit work it did for the troubled hospital operator between 2012 to 2018, a spokesperson said. NMC, which used to be listed in London, ran into trouble in 2020 and went into administration after it […] April 29, 2022
Tourism China’s airlines post heavy losses on coronavirus curbs China’s three biggest airlines have reported heavy first-quarter losses as prolonged coronavirus curbs weighed on travel demand and a weakening Chinese currency and rising fuel prices inflated costs, trends which persist in the current quarter. Analysts expect another year in the red for Chinese airlines as Beijing sticks with its zero-coronavirus policy to stop the […] April 29, 2022