#US

Eid getaways

Top 12 getaways for Eid this year

With Eid just around the corner, many people in the UAE are already planning their vacations to celebrate the occasion with their loved ones

Big Beau project

Abu Dhabi’s Masdar acquires stake in Big Beau project, expands US presence

It is one of eight projects that Masdar and EDF Renewables have agreed to jointly partner in, with a combined capacity of 1.6 gigawatts

oil

Oil holds loss as stronger US dollar, slowdown concerns weigh

West Texas Intermediate traded below $80 a barrel after closing 1.2 per cent lower on Monday

Donald Trump, former US President

Trump expected to be arraigned as early as Tuesday, lawyer says

The former US president was indicted by a New York grand jury in connection with a hush money payment made by his former lawyer Michael Cohen

Ford

Ford is investing $3.5bn in EV battery plant with Chinese firm

The facility is set to open in 2026 and will produce enough batteries to power 400,000 EVs a year

Saudi to send its first female astronaut to space this year

Saudi to send its first female astronaut to space this year

Rayyanah Barnawi and Ali Al Qarni will travel to the International Space Station during the second quarter of 2023

Mubadala acquires Dental Care Alliance _ photo pexels for illustrative purposes

UAE’s Mubadala acquires US-based Dental Care Alliance

Dental Care Alliance has approximately 5,400 employees, including over 885 dentists in 22 states, and welcomes over 3.5 million patient visits per year

These are the best passports for travellers to hold in 2023

The ranking, published by Henley & Partners, uses data from the International Air Transport Association

Mubadala

Mubadala, US-based Resilience to manufacture biopharma in UAE

As part of the agreement, Mubadala will construct the new facility, where Resilience will manufacture biopharmaceutical-related products

Markets

Oil steadies after three-day drop as demand concerns multiply

West Texas Intermediate held above $74 a barrel after futures sank almost 9 per cent in the prior three sessions to erase the year’s gains

Emirates Lunar Mission to launch on December 1

Upon landing, the Rashid rover will explore the characteristics of the lunar soil

This is the memo Twitter sent telling staff offices were closed

Twitter rolls out new $8 subscriptions, promises half the ads

Twitter Blue is currently available only for users in the US, Canada, Australia, New Zealand and the UK

Oil heads for weekly advance as dollar eases, US exports boom

Crude is on course to gain in October following a run of four monthly declines

Boeing 737 Max 7’s approval faces new tests from US regulators

The Federal Aviation Administration in an October 12 letter ordered the planemaker to study the impact of pilot performance on a broader range of potential failures

Tesla

Tesla delivers record 343,830 cars; misses estimates

The carmaker doesn’t break out sales by geography, but the US and China are its largest markets

Arab youth Survey

UAE chosen as ‘top country to live in’ by Arab youth for 11th consecutive year

For the 11th year running, UAE is the country most young Arabs want their own nation to emulate

Crypto

Bitcoin, Ether extend crypto selloff as big Fed rate hike looms

An Ether jump since mid-June that was spurred by hype around an upgrade of the Ethereum blockchain is rapidly unwinding

cotton

Climate change: How has extreme weather affected cotton?

The world’s cotton supply keeps shrinking, hit by drought and heat

UAE, world leaders offer tributes to Queen Elizabeth II

Britain’s longest reigning monarch passed away on September 8, at age 96

Pure health invest in US healthcare company

UAE’s Pure Health to invest $500m in Ardent, a US healthcare company

Ardent is the fourth largest privately held acute care hospital operator in the US, with 30 hospitals and more than 200 sites of care across six states

Israel

Calev’s newsroom: How Israel and the Gulf are cooperating on defence

The growing level of cooperation has been set in motion by the Abraham Accords

Oil extends gains after US exports jump amid tightening supply

Crude is heading for a weekly gain as signs of a tightening supply outlook offset concerns over an economic slowdown

Etihad

UAE’s Etihad Airways to ramp up flights to New York from November

From November 15, a total of 11 weekly services will connect Abu Dhabi to New York

Oil August 1

Oil extends losses on global slowdown and chance of more supply

Investors are also facing the prospect of rising supply as demand moderates

Saudi permits all types of visa holders to perform Umrah

The decision coincides with the start of the Umrah season for the current year

IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

Netflix

Netflix fires another 300 employees in latest round of cuts

The job losses are across the company, with most affected workers based in the US

Bitcoin

Bitcoin drops to one-month low as US CPI report hurts sentiment

The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12

Oil extends gain as US stockpiles tighten before driving season

West Texas Intermediate futures climbed toward $111 a barrel after rising 0.5 per cent on Wednesday

Berkshire Hathaway

Berkshire tweaks bank play with $2.9bn bet on Citi

Berkshire’s now betting on Citigroup as new management takes over