New Year’s Eve in Dubai: RTA announces marine transit offers

New Year’s Eve in Dubai: Watch fireworks from the sea aboard RTA ferry, abra

The Dubai Ferry, Water Bus, Water Taxi and abras have special appeal to Dubai residents, visitors, and tourists, thanks to the picturesque coastal line of the city

ADX FADX 2022

PureHealth soars 69% after nearly $1bn IPO in Abu Dhabi

Shares in PureHealth traded at Dhs5.5 on Wednesday as the Abu Dhabi market opened against an IPO offer price of Dhs3.26 per share.

Barakah Nuclear Energy Plant unit 3

This nuclear plant is a step closer to supplying 25% of the UAE’s power

The fourth unit of the UAE’s Barakah Nuclear Energy Plant has been completed, bringing the facility one step closer to generating a quarter of the country’s power needs

Executive

UAE consumers worried about application failure during holiday season: Report

From staying connected with loved ones, to managing finances, consumers will heavily rely on diverse applications during their celebrations

BlackRock to invest up to $400m in Dubai decarbonisation firm

The investment from BlackRock is expected to help Positive Zero, a decentralised decarbonisation infrastructure business, with boosting energy transition projects in Gulf countries.

Huawei

Huawei holds ICT competition in Bahrain to develop tech skills

More than 27,500 students from over 600 universities across 21 Middle Eastern and Central Asian countries have participated in this year’s competition

ARISTA

Arista Properties makes an inaugural entry into the UAE

With its first project strategically located at MBR City, Arista has brough on board architect firm Hirsch Bedner Associates and One Broker Group as agency partner

Mubadala Energy announces major gas discovery in Indonesia

Mubadala Energy boosts Indonesia exposure with major gas discovery

The Layaran-1 discovery provides the foundation for future organic growth and additional exploration drilling activities in 2024

UAE establishes Accountability Authority

UAE President issues decree to establish Accountability Authority

The authority is the supreme authority for financial control, auditing, integrity and transparency in the country

GCC region M&A blazes trail as global deals decline

UAE’s Bayanat and Yahsat agree potential Dhs15bn merger

The merger is subject to regulatory and shareholder approvals and is expected to close in the second half of 2024

Oracle generative AI

Oracle targets training 50,000 Saudis in AI, latest tech

The training is set to form part of an initiative called ‘Mostaqbali’ (My Future), and will be supervised by Saudi Arabia’s Ministry of Human Resources and Social Development.

MoHRE urges firms to meet Emiratisation deadline

Emiratisation: MoHRE urges companies to meet 2023 targets

The ministry warned that companies that fail to comply with Emiratisation will be required to pay fines from January 2024

flynas takes delivery of 3 A320neo aircraft

Saudi budget carrier flynas takes delivery of 3 A320neo aircraft

The airline has taken delivery of 18 out of 19 new A320neo aircraft scheduled for delivery in 2023

UAE launches work permit for private tutors

UAE visa: MoHRE, MOE introduce new private teacher work permit

The new permit will protect the rights of teachers, and ensure students receive quality education

BNPL startup Tamara raises $340m, now valued at $1bn

BNPL startup Tamara now valued at $1bn after raising $340m

With this transaction, the BNPL platform will have raised a total of $500m in equity funding, and well above $400m in debt financing

UAE Bankruptcy law

7 key provisions of the UAE’s new bankruptcy law

The UAE’s new bankruptcy legislation was published on 31 October 2023 and it is set to come into full effect on 1 May 2024.

DP World to move headquarters to Expo City Dubai

DP World to relocate global head office to Expo City Dubai

The new head office provides a platform for clients and partners to engage with the port operator’s entire portfolio

Dubai unveils unified licence initiative

Dubai real estate gig: Sparks fly as job ad demands dating prowess

A real estate job advertisement in Dubai has gained attention, all for the wrong reasons.

RTA unveils Dhs1.6bn digital strategy

Dubai’s RTA unveils Dhs1.6bn digital strategy

The digital strategy implementation will be carried out over four phases spanning seven years

Abu Dhabi to ‘buy’ stake in key Turkish port: Reuters

ADPorts Group could invest in an entity established by the Turkey Wealth Fund to run the Aegean coast port of Izmir, reports Reuters.

ADQ, Azerbaijan’s AIH form joint investment platform

ADQ, Azerbaijan Investment Holding form joint investment platform

The venture will seek and leverage investment opportunities to generate sustainable financial returns on deployed capital

KUWAIT RULER

UAE declares 3-day mourning period to condole Kuwait Emir Sheikh Nawaf’s death

The mourning period has been confirmed for three days, during which flags will be flown at half-mast across all official departments within the country

Kuwait

Kuwait’s Emir Sheikh Nawaf passes away at 86, official mourning announced

Kuwait has announced an official mourning for 40 days and the closure of official departments for three days, following the passing of the ruler

Maersk

Oil shipments on Maersk vessels could re-route via Cape: Reports

The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area

oil production cuts

Oil market comfortably supplied despite OPEC+ cuts: Insight

Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources

WATCH: Sheikh Hamdan takes the wheel — or not? — in self-driving taxi

The test follows RTA’s announcement in 2022 to set up Dubai as the first international market for Cruise

UAE cracks down on 2 domestic worker agencies for violations

The two agencies have had their licences revoked by the Ministry of Human Resources and Emiratisation (MoHRE) for falling foul of the law and regulations.

Winter weather

UAE: Winter weather brings rain, mist with minimum temperatures dropping below 10 degrees C

Winter weather has set in with slight rain and mist along with windy conditions forecast for the weekend

Abu Dhabi launches free Hala Wi-Fi across emirate

Abu Dhabi launches free Hala Wi-Fi across emirate

The initiative is provided in collaboration with UAE service providers and offers public Wi-Fi coverage in various locations

dubai duty free

Dubai Duty Free offers up exciting promotions to mark 40 years of operations

In line with its anniversary celebrations, the retailer has announced a slew of promotional offers for travellers until December 20