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Banking & Finance
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The conflict in Lebanon is estimated to have caused total direct damages across 10 sectors at $7.2 billion
The authority indicated that the exceptional condition for benefitting from the exemption applies only to the first tax period of the entity subject to tax
The move marks a significant milestone in Addleshaw Goddard's strategic growth across the Middle East
The sukuk issuance was divided into five tranches, each with different maturities and sizes
The guidance further clarifies the timelines in which taxpayers must make a MAP claim
The report explores key trends shaping the market, including surging digital adoption, expanding venture capital investment, and the integration of AI
Energy
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Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows
Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted
Two solar projects in Minya and Wahat will enhance Egypt's renewable energy capacity under its 2040 strategy.
Trump will decide whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks, the White House said
Lower Iranian supply and risk of wider disruption could push Brent crude above $90, said Goldman Sachs.
Fed discussions this week may lead to a 25 basis point rate cut sooner than expected
Health
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The delegation will visit key innovation hubs in Boston, Washington, D.C., and Philadelphia, coinciding with Abu Dhabi’s participation in the BIO International Convention 2025
Abu Dhabi’s Cyber Security Council, DoH strengthen healthcare cybersecurity with comprehensive drill
Simulated cyberattacks enhance readiness and response capabilities across Abu Dhabi's healthcare sector professionals
The cumulative manufacturing capacity of Mubadala Bio's facilities exceeds 2.5 billion tablets and capsules
Oracle Health, Cleveland Clinic, and G42 launch AI-based healthcare platform to enhance patient care
The platform will leverage AI and analytics to create secure, scalable, and accessible care models.
UAE-PRIME clinical trial aims to explore how individuals with motor and speech impairment can use thought to control devices and communicate
Industry
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The wise traveler will view their insurance policy not as an all-encompassing shield, but as one vital layer of protection in an unpredictable world
This incentive program is designed to enable the domestic production of goods that are not yet manufactured in Saudi Arabia
The MoU marks a significant step in the efforts to integrate global best practices into the way Abu Dhabi delivers its infrastructure ambitions
Benchikh's focus is on driving innovation that could transform public health while ensuring sustainability of the business and shareholder value
The agreement establishes a unified operating model aimed at streamlining the planning, structuring, and procurement of capital projects
The UAE economy's growth is driven by non-oil sector activity and rising oil production
Logistics
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Emirates activated its robust contingency and disruption plans, with no diversions and only a small number of cancellations
The ICC is the world’s largest business organization, representing a network of 45 million companies
Initiative aims to enhance the performance of intelligent systems, accelerate the transition to smart mobility and reinforce digital security
Etihad Airways cancelled flights to several GCC destinations on Monday, namely Qatar
The contracts were signed with national partners Saudi Global Ports (SGP) and Red Sea Gateway Terminal
Additional ground staff deployed at Hamad International Airport to assist affected passengers effectively
Markets
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In the Asian stock market, Japan’s Nikkei rose 0.3 percent and Taiwan’s benchmark climbed 1.09 percent
Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows
Spot gold was up 0.2 percent at $3,328.89 per ounce after recent lows
S&P 500 futures gained 0.80 percent and Nasdaq futures rose 1.13 percent
Investors expect a return to normalcy in oil if the ceasefire terms are upheld
U.S. Fed Vice Chair Michelle Bowman stated the time for cutting interest rates is approaching
Miscellaneous
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June 2025 pension payments total AED834,511,656.49, reflecting a significant increase from last year
The initiative introduces a 100 percent remote work system every Friday, effective from July 1 to August 22
Plans are also underway to introduce an X-branded credit or debit card by the end of 2025
Holiday excludes entities with shift workers and those providing essential public services
The Dubai Orchestra project aims to have Emirati talent make up 50 percent of its members by 2033
Recent additions highlight Saudi Arabia’s commitment to preserving its rich cultural heritage and history
Real Estate
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The influx of expatriates significantly boosts the UAE’s GDP, labor market, and real estate sectors
The sector is driven by government investments, economic diversification, and a growing population
The market is favoring projects that combine lifestyle, location and financial upside
Summer 2025 forecasts suggest a potential 25–30 percent increase over last year's total transactions
The Blue Line is expected to significantly boost property demand and rental values in at least nine strategic locations across the city
The UAE Cabinet approved housing decisions for over 1,838 citizens totalling AED1.2 billion
Telecom
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Parents can now seamlessly block unwanted applications with a single click, creating a safer digital environment for their children
stc became the region's first operator to commercially launch services using low-band spectrum
Breakthrough establishes the groundwork for future data transmission demands in AI and IoT
In Mina, AI-based predictive analytics optimized load distribution, boosting data traffic by over 30 percent
600Mbps uplink speed unlocks a transformative wave of connectivity, fuelling uplink-intensive applications for businesses and individuals
