Mahzooz

Participant wins Dhs10m jackpot in UAE’s Mahzooz live draw

In the most recent edition held on November 6, the winning combination of numbers were 36, 38, 26, 4, 37

Abu Dhabi updates green list; Turkey, Philippines and Malaysia among new additions

The green list now includes 95 destinations in total

Dubai Courts

Dubai Courts establishes two new courts to address securities-related disputes

Dubai Courts also announced the formation of a law enforcement committee for the emirate’s financial market

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed merges Dubai’s economy and tourism departments

Helal Al Marri has been named as director general of Dubai’s Department of Economy and Tourism

MENA’s proptech landscape: Primed for growth?

The evolving landscape will soon change the way adopting an innovative digital business model in the real estate market is viewed

artificial intelligence

To master AI as a revenue catalyst requires first understanding its costs

As smart technologies take more prominent position among the economic activity of nations, enterprises must look for efficiencies in their implementation

Dubai

Dubai relaxes Covid-19 physical distancing restrictions – reports

The mandatory spacing between individuals has been reduced from two metres to one

UAE reports 73 Covid-19 cases, 112 recoveries

The nationwide case count has now risen to 740,209

Abu Dhabi Securities Exchange launches derivatives market

The derivatives market is using the marketplace technology delivered by Nasdaq

Dubai’s Emirates to launch daily flights to Tel Aviv

The carrier has restored its Middle East network and currently flies to 12 cities across the region

Dubai Airshow

Israel Aerospace Industries confirms participation at Dubai Airshow 2021

The Israeli aerospace and defense company will be present at the airshow which will be held from November 14-18 at Dubai World Central

Qatar to invest billions in UK green technology site

The country is planning to build a science and engineering campus in the north of England

Saudi bourse Tadawul ends IPO wait, plans to list 30% stake

The offering could value it at between $3bn and $4bn

Abu Dhabi

UAE, IRENA launch $1bn platform to finance renewable energy transition

The UAE has committed $400m in funding, provided by the Abu Dhabi Fund for Development, for the Energy Transition Accelerator Financing Platform

Biggest Abu Dhabi developer is shopping for large property deals

The company, armed with $1.85bn in capital, has the resources to make purchases both in its home market and around the UAE

Dubai Financial Market

New board of directors announced for Dubai Financial Market

The new board will be headed by Helal Al Marri

Hadi Anwar, G42

Here’s how the pandemic became a catalyst for G42’s hypergrowth

AI and data analytics have enabled the healthcare industry to rapidly respond to the pandemic says Hadi Anwar, group CIO of G42

UAE reports 79 Covid-19 cases, 102 recoveries

The nationwide Covid-19 case count has now risen to 740,136

Dubai’s Expo spurs tourism, boosting UAE business activity

A Purchasing Managers’ Index compiled by IHS Markit rose to 55.7 in October from 53.3 in September

UAE’s Laparoscopic surgeon opts for robotic surgery in Bariatric procedures

The robotic surgery industry generates almost $3bn in revenues per year, and this number is expected to grow by almost 15 per cent per year until 2022

Cisco unveils Webex Hologram, an augmented reality meeting solution

Webex Hologram combines its meeting functionality with immersive 3D holograms

Over half of Arab youth say they will boycott brands that damage the environment

The region’s youth is keen to ensure governments and businesses act responsibly when it comes to climate action

Covid-19: Abu Dhabi becomes first location to receive new medicine for high-risk patients

The new medication is designed to prevent severe infection and death in non-vaccinated high-risk patients

Former Abraaj managing partner Mustafa Abdel-Wadood fined $1.9m by Dubai’s DFSA

Abraaj, which was one of the biggest private equity firms in the MENA region, went into liquidation in 2019

Revealed: Gulf Business Awards 2021 judges

With the 2021 edition of the Gulf Business Awards set to be held later this month, we introduce you to our esteemed judging panel for this year

Dubai’s Nakheel launches new Jebel Ali Village

The first phase of four- and five-bedroom villas will be on sale from Sunday, November 7

Dubai announces plans to list utility DEWA in the ‘coming months’

The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

UAE announces protocols for Commemoration, National Day celebrations

Event organisers will form specialised teams to ensure adherence of protocols

Kuwaiti conglomerate explores stake sale in Starbucks franchise

Alshaya opened its first Starbucks in Kuwait in 1999 and later expanded the brand to Turkey in 2003 and Russia in 2007