#UK

UK Business and Trade Secretary Kemi Badenoch

UK Business and Trade Secretary Kemi Badenoch on Gulf states tour

Badenoch’s trip comes as the total trade between the UK and GCC reached a record high of GBP61.3bn in 2022

Octopus Energy Masdar ink deal for UK battery storage

Octopus Energy, Masdar ink deal to manage battery storage in UK

The companies will assess joint participation possibilities in renewable energy and explore collaborative opportunities in renewable energy generation

TAQA invest in clean energy startup

TAQA joins $37.3m funding round for clean energy startup Xlinks

Xlinks will use the proceeds to undertake the development of plans to lay the world’s longest high-voltage direct current subsea cables between the UK and Morocco

DP World Logistics Container

DP World’s investments top $10bn in past decade

The company’s investments in 2022 totalled $320m despite slowing demand for logistics services due to the global economic challenges

EV Chargers

UK set for massive rollout of EV chargers in net-zero push

England’s Surrey County Council and EV-infrastructure company Connected Kerb plan to install 10,000 chargers by 2030

Business travel

These are the world’s 10 most expensive cities for business travel

The survey was based on 2022 data for four-star hotels, meals, laundry and incidental costs

Silicon Valley Bank UK

HSBC acquires Silicon Valley Bank UK for less than Dhs5

The assets and liabilities of the parent companies of SVB UK are excluded from the transaction

Nomo

Digital Islamic bank Nomo launches multi-currency accounts

First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC

Harrods _ Supplied

Interview: Harrods MD Michael Ward on luxe retail trends

The managing director of the UK-based luxury department store shares how the store is adapting to changing consumer expectations, the Luxury for Life initiative and Harrods Hive

Sturgeon

Scotland’s Sturgeon to resign as first minister

It’s unclear when she plans to leave office

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

UAE, UK sign agreement to drive energy sector_photo_wam

UAE, UK sign MoU to drive cooperation in energy sector

The agreement will build cooperation in areas such as environmentally sustainable transportation, sustainable fuels, biomass projects, waste conversion to energy, and carbon capture

Oman’s sovereign wealth fund boosts assets to $41.5bn

The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent

Masdar

UAE’s biggest clean-energy firm to look at deals in US, Europe

Abu Dhabi-based Masdar is leading a consortium that will build a 10-gigawatt wind plant in Egypt

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

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Rishi Sunak announces his bid to be UK’s next Prime Minister

Sunak already has the support of over 100 Members of Parliament

Global bonds tumble as UK tax cuts deliver fresh headwinds

Equities and other risk assets also dropped and the pound sank to a record low

King Charles III

UAE President congratulates King Charles III on accession to UK throne

King Charles III was formally confirmed as the new British monarch on September 10

UAE, world leaders offer tributes to Queen Elizabeth II

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

Darktrace

Cybersecurity firm Darktrace in takeover talks with Thoma Bravo

Darktrace jumped more than 22 per cent to $6.50 in US trading on Monday

Saudi permits all types of visa holders to perform Umrah

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

UK inflation at new 40-year high worsens living standards crisis

UK inflation at new 40-year high worsens living standards crisis

Consumer prices rose 9.4 per cent from a year earlier, the biggest increase since February 1982

Visa

UAE citizens will not require visas to visit UK from 2023

The directive has been extended to other GCC countries as well

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

wind turbines

How robots can help build offshore wind turbines more quickly

The real timesaver would be installing turbines more quickly

Chelsea

UK approves sale of Chelsea FC to US investor Todd Boehly

Boehly’s winning bid is backed by California-based private equity firm Clearlake Capital

Sheikh Khalifa

The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan

Sheikh Khalifa bin Zayed Al Nahyan passed away on May 13, at age 73

Hub71

Abu Dhabi’s Hub71 welcomes 16 new startups to join ecosystem

The new cohort will have the opportunity to develop advanced technologies and gain access to the emirate’s innovation ecosystem

Uk visa

UK to waive visa requirement for Saudi, Bahraini nationals from June 1

They will need to fill out an online visa waiver application which will be processed within 48 hours and at a cost of GBP30