Venture debt funding in MENA crosses $260m in 2022

Venture debt funding in MENA crosses $260m in 2022

Fintech accounted for 61 per cent of total funding between 2018 and 2022

UAE weather update: Overcast conditions, rainfall expected this week

The UAE recorded its lowest temperature of 2.8°C in Jais Mountain (Ras Al Khaimah) at 5.15am local time today

Yotel to open hotel in Neom's Oxagon by 2025

London-based Yotel announces first hotel in NEOM’s Oxagon in Saudi Arabia

The new announcement reflects Yotel’s plans to grow both management and franchised projects in the Middle East region, as part of its larger strategy to reach 50 hotels by 2025

Aldar announces record sales for period ending Sept 30, 2022

UAE telcos partner with Aldar Properties to deliver advanced services

By virtue of the agreement, both service providers will deliver telecommunications infrastructure for the developer’s major projects

Dubai Chambers WAM

Dubai Chamber of Commerce launches 4 new business groups

The chamber plans to increase the number of sector-specific business support groups to 100 by March 2023

Emirates Skywards members can win up to one million Miles

Emirates Skywards members come from over 180 countries, and have redeemed more than 140 billion Miles between 2018 and 2022

CEO of TAM, abdullah-yusuf.png

Saudi management consultancy TAM receives CMA approval for IPO

The consultancy will list shares on Tadawul’s Nomu-Parallel Market

Tecom Group

Power Letters 2023: Abdulla Belhoul, chief executive officer, Tecom Group

As many parts of the world look to accommodate new work environments, Tecom Group remains committed to providing companies with modern and flexible spaces to engage

Lazard

Lazard names key Aramco IPO banker as head of MENA advisory

Wassim Al-Khatib will also be the CEO of Lazard Saudi Arabia

Teh sustainable City - Yas Island first phase sold out

The Sustainable City – Yas Island’s first phase sold out, sales value crosses Dhs1bn

A total of 512 homes were available during the first phase of the project, with 76 per cent of the units purchased by expatriates, of which 24 per cent were overseas investors

Residents report tremors in certain areas of Dubai

The tremors were felt because of demolition work currently underway at the Dubai Pearl development

Emirates to increase flights to Sydney, Melbourne; resume service to Christchurch

Emirates to increase flights to Sydney, Melbourne; resume service to Christchurch

With the increase in flights, Emirates will be operating 63 weekly services to Australia by mid-year

Dubai wins bids to host 232 business events in 2022

Dubai wins bids to host 232 business events in 2022

The events are to be held over the coming years and will bring in an additional 135,000 visitors

Almosafer

TotalEnergies announces start of gas production from Oman’s onshore Block 10

TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ retaining 20 per cent and Shell holding 53.45 per cent

Easa Al Gurg

Power Letters 2023: Easa Al Gurg, group CEO, Easa Saleh Al Gurg Group

ESAG2025 is the road map for the group’s future, focusing on diversity and intrapreneurship

Better benefits can give UAE firms an edge in global battle for talent

Better benefits can give UAE firms an edge in global battle for talent

Workplace savings, unemployment insurance, and education allowances are among the top benefits sought by employees

Power Letters 2023: Nabil Habayeb, SVP – GE, President and CEO – GE International Markets

January 2023 will start with the creation of GE HealthCare, a company which will drive precision health to improve patient outcomes

Power Letters 2023: Arif Amiri, CEO, DIFC Authority

Power Letters 2023: Arif Amiri, CEO, DIFC Authority

In 2023, we will continue to focus on expanding our influence to become the largest ecosystem of financial services, technology and innovation in the region

UAE President announces 2023 as ‘Year of Sustainability'

UAE President announces 2023 as ‘Year of Sustainability’

The announcement follows the Abu Dhabi Sustainability Week, which concluded on January 19

Wizz Air Abu Dhabi's inaugural flight lands in Turkiye

Wizz Air Abu Dhabi’s inaugural flight lands in Turkiye

Flights from Abu Dhabi to Ankara will operate on Tuesdays, Thursdays and Saturdays

UAE partners with WEF to support trade tech initiative

UAE partners with WEF to support trade tech initiative

The new initiative aims to digitalise international supply chains to enable faster and cost-efficient trade

First food grade plastic recycling facility to be set up in the UAE Photo WAM

UAE to set up first food-grade plastic recycling facility

The 12,000 tonnes per annum polyethylene terephthalate recycling plant has been earmarked for Abu Dhabi

Sharjah’s real estate transactions topped $6.5bn in 2022

Sharjah’s real estate transactions top $6.5bn in 2022

The total number of real estate transactions in 2022 reached 91,507, compared to 84,238 recorded during the previous year

Etihad Airways to double flights on Abu Dhabi-Jakarta route

Etihad Airways to double flights on Abu Dhabi-Jakarta route

The flights will be operated using Etihad’s fleet of Boeing B787 and B777 aircraft

Masdar

UAE’s Masdar targets $750m bond sale

The firm plans to grow its renewables capacity five-fold by the end of the decade

Qatar Airways, Air Serbia sign comprehensive codeshare agreement

Qatar Airways, Air Serbia sign comprehensive codeshare agreement

Qatar Airways currently operates five weekly flights between Doha and Belgrade, the Serbian capital

UAE astronaut Sultan Al Neyadi to travel to space on February 26

UAE astronaut Sultan Al Neyadi to travel to space on February 26

The Falcon 9 rocket and the Dragon Endeavour spacecraft is scheduled to launch from NASA’s Kennedy Space Center in Florida

ADNOC Distribution, Taqa partner to offer EV charging points across UAE

ADNOC Distribution, Taqa partner to offer EV charging points across UAE

The E2GO joint venture will play a critical role in delivering EV charging infrastructure across Abu Dhabi

UAE announces list of public holidays for 2023

The UAE cabinet shared a list of holidays for public and private sectors

UAE President welcomes regional heads of state Photo courtesy WAM

UAE President receives regional leaders

During the meeting, the leaders discussed fraternal relations between their respective countries and different areas of joint cooperation and coordination across all sectors