Riyadh

Saudi Arabia convicts 11 people for laundering SAR10bn

An initial verdict has led to the conviction of two Saudi nationals and nine expatriates

Saudi Aramco

Saudi Arabia transfers 4% of Aramco stake to state wealth fund

The government will still be the largest shareholder in Aramco

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Explainer: Is the UAE ready to mainstream nearly zero energy buildings?

Green building strategies can be used to design and build healthy, comfortable, cost efficient and environmentally friendly living and working environments

Air pollution costs wider Mideast $141bn, World Bank says

The findings will likely add to growing interest in green and sustainability-linked bonds and loans in the region

VisitBritain launches GBP10m global tourism campaign in Dubai

The campaign aims to drive inbound tourism, as Britain gears up for a year of landmark events

DP World to invest GBP1m in Prince William’s Earthshot Prize innovators

The announcement was made during Prince William’s first official visit to the UAE and Expo Dubai 2020

UAE reports 1,474 Covid-19 cases, 2,421 recoveries

The nationwide case count has risen to 865,576

Abu Dhabi’s Taqa Group reports net income of Dhs6bn for 2021

The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year

In pictures: Dubai’s Emirates unveils new lounge for young travellers

The carrier’s service for unaccompanied minors must be booked in advance of travel

UAE’s ADQ, Alpha Dhabi, Etisalat and FAB to launch next-gen banking platform

Wio will offer customers in the UAE a fully digital banking choice with tailored products and services to meet their lifestyles and needs

Abu Dhabi to house zero-waste wholesale food trading hub

The food hub will assemble wholesale buyers, sellers, logistics players and distributors from across the world

UAE’s Alpha Dhabi Holding posts Dhs5.1bn in net profit for 2021

The company reported revenues of Dhs18.8bn

ADNOC announces $548m contract for a new main gas line at its lower Zakum field

ADNOC Drilling announces net profit of $604m for 2021

Revenue for the full year was $1.14bn, up 6 per cent over 2020, largely driven by new rigs and rig reactivations

Dubai: Alec hires Andy Boutle as its head of Digital Construction

Boutle will focus on the digitisation of the entire value chain for projects undertaken by Alec, with an emphasis on increasing workflow communication

Oracle named as Red Bull Racing F1 title sponsor

The Formula 1 2022 season begins March 18-20 with the Gulf Air Bahrain Grand Prix in Bahrain

Abha International Airport Saudi Arabia

Saudi forces destroy drone targeting Abha airport

The scattered debris caused minor injuries to 12 civilians

Dubai’s Emirates signs MoU with Maldivian to explore partnership opportunities

The two carriers will review codeshare and interline options to provide customers with greater connectivity

OPEC sees upside potential for oil demand as economy rebounds

OPEC and its partners are trying to gradually restart production halted during the pandemic

Saudi

Saudi Arabia’s economic growth stays near decade-high as oil powers rebound

The kingdom’s economy expanded 6.8 per cent in the fourth quarter of 2021

Dragons’ Den’s Steven Bartlett to headline event at Dubai Opera on March 2

Organised by Motivate Talent, the event will feature a fireside interview with Bartlett as well as a special guest panel discussion

UAE reports 1,588 Covid-19 cases, 2,301 recoveries

The nationwide case count has risen to 864,102

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Ajman to introduce contactless payments on public transport

The implementation EMV technology will reduce the passenger’s travel time by eliminating the need to stand in line to purchase tickets

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Invixium appoints Saudisoft as a distributor for Saudi Arabia

The distributor will offer Invixium’s complete portfolio of biometric and card readers to its customers in Saudi Arabia

Dubai International Chamber to attract 50 multinational companies over three years

It also aims to support the international expansion of 100 Dubai-based companies

Saudi Telecom’s subsidiary buys Pakistani infrastructure provider to broaden footprint

The deal is subject to regulatory approval from Pakistani authorities

UAE: Events, activities to return to full capacity this month

Physical distancing in mosques and places of worship has been reduced to one metre

Majed Al Joker

Majed Al Joker appointed as chief operating officer at Dubai Airports

Prior to his promotion, Al Joker was executive vice president of corporate affairs for Dubai Airports

Bahrain’s GFH Financial Group reports net profit of $84.22m in 2021

The group’s net profit increased by 86.77 per cent over 2020, supported by diversification and an international investment portfolio

Abu Dhabi: The 2022 edition of UMEX and SimTEX to return this month

The hybrid event will take place at Abu Dhabi’s ADNOC Business Centre

UAE’s EGA plans to build first aluminium recycling facility

Feasibility studies for the project are underway