Careem's new visual indentity

Careem launches new visual brand identity

The ‘C’ wink and bold green remain central to the company’s new brand identity, with the notable logo only slightly tweaked

Barakah Nuclear Energy Plant unit 3

UAE’s ENEC inks nuclear energy deals with Chinese firms

The agreement covers cooperation in nuclear energy operations, in high-temperature gas-cooled reactors and fuel supply and investment

ADFD

ADFD finances sustainable water project in Mauritanian city of Kiffa

The contribution from ADFD towards this strategic project amounts to Dhs110m

Green Corp

Bahrain’s agribusiness platform Green Corp takes a stake in Badia Farms

Established in 2016, Badia Farms’ sustainable farming techniques produce fruits and vegetables without sunlight or soil

ADGM to expand jurisdiction May 2023

ADGM Financial District to expand, making it one among world’s largest financial centres

The UAE Cabinet’s resolution has expanded ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island

Kimpton Riyadh Saudi Arabia signing ceremony (Image: Supplied by IH Hotels and Resorts)

IHG to debut Kimpton brand in Saudi Arabia by 2024

The new-build Kimpton Riyadh will be located within the King Abdullah Financial District

EDB CEO, Ahmed Mohamed Al Naqbi

UAE’s EDB, Ministry of Economy recognise partner banks

The bank’s credit guarantee scheme aims to help SMEs overcome challenges in accessing financing from conventional banks

Saudi Arabia

Saudi Arabia’s economy grew 3.9% in Q1 of 2023

Economic expansion was driven by a 5.8 per cent increase in non-oil activities

Emirates is deploying a fleet of 85 A380s

Emirates expects busy summer as travel demand improves

The airline is planning to debut flights to five new cities including London, Christchurch, Sydney, Melbourne and Auckland

Saudi Arabia banking sector

How Saudi Arabia’s banking system is building a solid future

Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector

UAE booming tourism sector

Soaring tourism numbers bolster UAE’s economy

UAE’s tourism sector defies odds to attract record tourist numbers over the past year

tech

UAE, US explore investment opportunities with focus on clean tech startups

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade held one-on-one meetings with Austin-based startups, which are deploying technologies such as AI, blockchain and quantum computing

The resort will soar 305m off the ground. (Image: Supplied by Wynn Resorts)

The Wynn Al Marjan Island resort in the UAE will open by 2027

The 1,500 key property will be located in the emirate of Ras Al Khaimah

Mubadala, ADIB deal

Mubadala offloads 7.6% ADIB stake to National Holding

The state investor said the deal is in line with its strategy to create long-term value by optimising a global portfolio of investments

co-working space

Free co-working space now opens at Jumeirah Beach Residence

Spreading across 10,000 sq ft and with a total capacity of 80 desks, Cypher Hub is specifically designed for Web3 founders and entrepreneurs to collaborate, network and partner

Japan

UAE and Japan discuss strengthening comprehensive strategic partnership

The meeting took place as part of the Comprehensive Strategic Partnership Initiative launched last year

DIFC venture regulation

DIFC enacts new venture studio regulations

The enactment of the new regulations supports the DIFC Launchpad by providing a legislative framework for venture building

Measuring Climate risk insights from bloomberg LP

Opinion: Measuring climate risk and its importance

To determine a company’s exposure to climate-related risks investors need non-financial data, unlike for traditional types of financial risk

Aldar Properties Egyptian investment

Aldar Properties reaffirms its commitment to Egypt

The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector

Abdulla Almoayed, founder and CEO of Tarabut Gateway

Tarabut Gateway raises $32m to fund Saudi expansion

The open banking platform plans to use the proceeds of the Series A funding round to accelerate growth in Saudi Arabia

Saudi Pharma Jamjoom to list 30%

Saudi Arabia’s Jamjoom Pharma to sell 30% stake in IPO

The company secured approval from the Saudi Capital Market Authority to offer 21,000,000 shares, representing 30 per cent of its issued share capital

Samsung Pay

You can now pay your DEWA bill with Samsung Pay

DEWA is the first government entity in Dubai to adopt the Samsung Pay option within its digital channels

Emirates, Etihad partnership

Travel to UAE on a single booking: Emirates, Etihad Airways strengthen cooperation

Customers of each airline from this summer can buy a single ticket into either Dubai or Abu Dhabi, and return via the other airport

Etihad Airways BOTIM integration

Etihad Airways, Astra Tech partner to allow bookings on BOTIM

The integration of flights into the BOTIM app allows customers to enjoy a more convenient and all-inclusive travel experience

CBUAE - interest rate

Most GCC central banks raise interest rates tracking US Fed move

Central banks in the GCC usually track the Fed’s policy rate moves as their currencies are pegged to the US dollar

Jordan Tourism Board

ATM 2023: DCT Abu Dhabi, Jordan Tourism Board sign MoU

The MoU represents a one-year agreement to strengthen tourism and economic cooperation and build dual-destination awareness to drive incremental leisure traffic

Drydock

AD Ports Group to expand Khalifa Port with drydock services

With this expansion, Khalifa Port will expand its range of port and marine logistics services, from container and cargo handling to vessel repairs and maintenance

Aldar Properties group CEO Talal Al Dhiyebi

Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 profit

The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years

ATM 2023: Shurooq seeks to drive growth with new developments, upgrades

The projects are poised to continue making a significant impact on Sharjah’s economy as tourism is a key driver of growth in the region

Saudi tourism

From ancient history to modern luxury, Saudi Arabia’s tourism offerings continue to expand

Saudi tourism is set to surge with significant investments being made throughout the kingdom to enhance both religious and non-religious tourism