Dubai Airshow 2021

Dubai Airshow 2021 commences with over 370 new exhibitors

It is expected to host over 85,000 visitors this year and feature more than 175 of the world’s most advanced aircraft

Dubai road-toll operator Salik to seek about $1bn in IPO

Plans unveiled to list Salik road toll system on Dubai Financial Market

There are currently eight Salik toll gates in the city, with three million vehicles registered in the system

Abu Dhabi Ports buoyed by surge in cargo volumes ahead of IPO

Revenue rose to Dhs2.8bn from Dhs2.3bn

Explainer: Has hybrid working taken off in the GCC?

The types of roles that can be performed at 100 per cent remote mode are going to be more limited, opines Christos Adamantiadis, CEO, Marsh Middle East and Africa

Everyone has the right to invest in financial markets

The online trading revolution has long started in other parts of the world

GCC low-cost producers are better positioned to weather the energy transition

Players in the region will have more time to adjust to the impact of the energy transition

Here’s how Abu Dhabi Ports is driving growth in business through innovation

Having achieved complete digitalisation of ports operations and sea-side logistics in 2017, AD Ports now offers a range of services to facilitate international trade – Dr Noura Al Dhaheri, head of digital cluster, AD Ports Group and CEO of Maqta Gateway.

NIA unveils world’s first AC safety helmet for construction workers at Expo 2020 Dubai

The product launch is part of the India Innovation Hub initiative by the Indian Pavilion at the World Expo 2020

Singapore’s The Social Loan Company secures investment from Abu Dhabi’s ARI Holding

The new capital will be used to fuel the growth of its digital lending operations, deepen its AI and predictive analytics capabilities and grow its global talent pool

Alexander Laryutin

NorthLadder appoints new chief technology officer

Alexander was the head of architecture and agile transformation at DBS Bank, Singapore in his previous role

ClearTax expands its operations into the Middle East, raises $75m

The tax and compliance technology solution provider is looking to enter the UAE by mid-2022 with e-invoicing and VAT offerings within the country

UAE reports 82 Covid-19 cases, 97 recoveries

The nationwide case count has risen to 740,729

Air Arabia

Air Arabia posts Q3 2021 net profit of Dhs209m

Air Arabia carried over 1.9 million passengers in the third quarter of this year from its five hubs in the UAE, Morocco and Egypt

Abu Dhabi’s TAQA reports net income of Dhs4.3bn for first nine months of 2021

Group revenues equalled Dhs34.3bn, 11 per cent higher than an year-earlier period

Expo 2020 Dubai pavilions: Bangladesh, India, Burundi, Austria, Philippines, Malaysia, Greece, Hungary

Here’s a list of eight participating country pavilions and their offerings

ADNOC Drilling

UAE’s ADNOC Drilling reports net profit of $460m for first nine months of 2021

Its revenue increased 12 per cent year-on-year in the first nine months of 2021 to $1.7bn

Abu Dhabi

Abu Dhabi Securities Exchange, Bahrain Bourse sign strategic partnership agreement

The two entities will introduce products and services including exchange-traded funds, smart order routing and cross-border direct trading

UAE-based manufacturer AMI receives Dhs213m investment from Soudal Group

The AMI-Soudal partnership is expected to grow their combined market share by 50 per cent in the Middle East over the next three years

Emirates Dubai Airport

Dubai’s Emirates Group reports $1.6bn half-year net loss

The group’s revenue totaled Dhs24.7bn for the first six months of 2021-22

Marriott W Dubai - Mina Seyahi

Marriott to open W Dubai – Mina Seyahi in 2022

The 31-storey hotel will feature 318 guestrooms, including 26 suites and an Extreme Wow Suite

UAE reports 75 new Covid-19 cases, 99 recoveries

The total number of cases across the country has risen to 740,647

Dubai-headquartered Merit Incentives secures $5m Series A funding

The company will use the funds to grow the team and invest in technology

UAE’s AD Ports to develop and operate terminal in Egypt’s Safaga Port

AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation

Saudi economy grows at fastest rate in nearly a decade

Gross domestic product expanded by 6.8 per cent compared to the same quarter of 2020

Dubai private schools

Dubai private schools report 3.5% growth in student enrolments

There are 289,019 students belonging to 185 nationalities enrolled in 215 private schools

UAE’s Mashreq posts 24.7% dip in net profit for first nine months of 2021

The bank’s operating profit for nine months of the year rose by 14.3 per cent to Dhs2.4bn

Dubai developer Union Properties’ chairman detained amid probe

Last month, the UAE attorney general announced a “major” investigation into alleged financial violations at the company

UAE Foreign Minister meets Syrian President Bashar al-Assad in Damascus

The two leaders discussed developments in the Middle East and Syria

Abu Dhabi Sheikh Zayed Grand Mosque White Mosque

UAE updates Covid-19 protocols for mosques, prayer rooms

Imams and cleaning staff of mosques should be vaccinated and must undergo a PCR test every 14 days

Abu Dhabi’s ADNOC Distribution posts net profit worth Dhs1.7bn for first nine months of 2021

It recorded a net profit of Dhs529m for the third quarter of 2021