Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Aramco, Sinopec and SABIC partner for petrochemical project in Yanbu

The three entities are exploring collaboration across refining and petrochemical projects in Saudi Arabia as well as China

UAE delegation visits Scotland to discuss renewable energy and advanced technology projects

UAE delegation visits Scotland to discuss renewable energy, technology

The delegation visited the Scottish Enterprise, which highlighted its efforts to transform Scotland’s economy through innovation and investment

Qatar hosts more than 1.4 million visitors during FIFA World Cup

Qatar hosts more than 1.4 million visitors during FIFA World Cup

All eight of Qatar’s stadiums were located within an hour’s journey time of central Doha

Argentina crowned FIFA World Cup champions in thrilling final

Argentina crowned FIFA World Cup champions after thrilling final

Lionel Messi bagged the Golden Ball award, while France’s Kylian Mbappe won the Golden Boot accolade

Why Dubai continues to cement its position as a must visit destination?

Why Dubai continues to cement its position as a must visit destination?

We spoke to Fareed Abdelrahman, managing director, Retail Destinations, Dubai Holding Asset Management (DHAM), about changing consumer demands and what they mean for Dubai’s tourism and retail

Kanoo Group

Dubai’s Kanoo Group sees opportunities to invest in India, China

The family-owned company, with interests spanning shipping, real estate, financial services and energy, sees potential in sectors including artificial intelligence and clean energy

Abu Dhabi transfers Tadweer to ADQ portfolio

The transfer complements ADQ’s energy and utilities portfolio and its efforts in supporting the nation’s circular economy

In pics: Marriott Hotels unveils first resort in Dubai

The Marriott Resort Palm Jumeirah is spread across 7,000 square metres and features 10 dining concepts

World Cloud & Data Center Show accelerates Saudi's cloud adoption initiatives

‘World Cloud & Data Center Show’ accelerates Saudi’s cloud adoption initiatives

The event gathered CIOs, CEOs, CTOs, heads of research, industry practitioners and IT experts in cloud computing

Etihad appoints former TAP Air Portugal executive as CFO

Etihad appoints former TAP Air Portugal executive as CFO

Raffael Quintas will be succeeding Adam Boukadida, who has left Etihad after nine years to pursue a new role

Aramco, Total to build $11bn Saudi petrochemical project

The facility is set to start operations in 2027

Dubai welcomes 11.4 million international overnight visitors between Jan-Oct

Dubai welcomes 11.4 million international overnight visitors between Jan-Oct 2022

The emirate’s average hotel occupancy in the first 10 months of the year stood at 71 per cent

Non-oil trade

Non-oil trade between UAE, Bahrain grows by 92% over 10 years

Their total non-oil trade exchange during the same period also amounted to Dhs188bn, with imports accounting for Dhs77.4bn

FIFA World Cup final: Argentina versus France – what you need to know

The final will take place on Sunday, December 18, at the Lusail stadium

UAE's AMEA Power to build 120MW solar project in South Africa

UAE’s AMEA Power to build 120MW solar project in South Africa

The project will sell electricity to state utility, Eskom, under a 20-year power purchase agreement

Etihad Credit Insurance partners with RAKEZ

Etihad Credit Insurance partners with RAKEZ to boost the emirate’s non-oil foreign trade

The MoU came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its export activities

AD Ports Group signs agreements with Kyrgyzstan to promote trade

AD Ports Group signs agreements with Kyrgyzstan to promote trade

Under the agreement, negotiations are under way for 300,000 sqm of land within Khalifa Economic Zone Abu Dhabi (KEZAD)

Domestic workers

UAE’s new domestic worker law comes into force today

The law stipulates providing an appropriate work environment for domestic workers

Etihad to increase frequency on Abu Dhabi-New York route

Etihad to increase frequency on Abu Dhabi-New York route

The carrier will offer a total of 28 weekly services this summer between Abu Dhabi and the US

ENOC Link opens its first eLink station in Sharjah

ENOC Link opens first eLink station in Sharjah

The new eLink station will offer consumers a reliable supply of Special 95 and Super 98 at the same price as retail fuel stations

UAE: The year 2022 in review

The UAE has accelerated its growth this year with key strategies, strong initiatives and a future-first approach

Dubai announces programme to certify delivery riders

Dubai announces programme to certify delivery riders

The initiative aims to improve the performance of delivery motorbike riders

Digital Economy Court

DIFC’s Digital Economy Court unveils new specialised rules

The new rules will facilitate efficient and modern resolution of digital economy disputes, standardising the use of smart forms to provide information through artificial intelligence driven platform

Rashid Rover

Mohammed Bin Rashid Space Centre receives first signal from Rashid rover

The rover, that lifted off on December 11, is scheduled to land after a four-month cruise phase

Central-Bank passes new AML guidelines for PEP

UAE Central Bank raises base rate by 50 basis points

The US Federal Reserve raised its key interest rate by 50 basis points

Non-ticketed fans not allowed in World Cup stadium precincts

Non-ticketed fans not allowed to enter FIFA World Cup stadium precincts

The second semi-final will take place tonight, while the tournament’s final will be held on December 18

In line with Dubai’s drive to become the world’s smart mobility hub, Dubai South today signed a memorandum of understanding (MoU) with Evocargo for the launch of the UAE’s first autonomous vehicle trials for cargo at the master development’s Logistics District. The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate Dubai South’s Logistics District from December until February 2023. A key objective of the trials is to enable Evocargo to modify and redesign EVO.1 specifically for the MENA region. During the trial period, a remote operator will be stationed onsite in the Control Centre to manage the platform. The centre, located in Dubai South’s Logistics District, includes a software suite to monitor the EVO.1’s operation, check the serviceability of the sensors, and identify any errors. Mohsen Ahmad, CEO of the Logistics District – Dubai South, and Andrey Bolshakov, Founding CEO, Evocargo, attended the MoU signing ceremony. Dubai South is the emirate’s largest single-urban master development focusing on aviation, logistics and real estate. The Dubai-headquartered Evocargo is a logistics service provider that develops and provides electric autonomous transportation platforms. Dubai is a global logistics hub with an unrivalled freight capacity and connectivity. Perfecting electric and driverless truck technology for the region will help it further reduce its carbon footprint and reinforce the city’s green credentials. Unlike other cities’ and countries’ initiatives that focus solely on enabling self-driving private vehicles, Dubai’s Self-Driving Transport Strategy is multimodal and encompasses targeting all seven modes of the public transport fleet, including metro, tram, bus, taxi, marine transport, cable cars and shuttle. When fully implemented, the strategy will help reduce transportation costs by 44% or Dh900 million, saving Dh1.5 billion through the reduction of environmental pollution and Dh18 billion through raising the efficiency of the transport sector by 20%. Mohsen Ahmad said: “We are delighted to enter into a strategic agreement with Evocargo to launch the UAE’s first autonomous trials, setting new global benchmarks and consolidating the leadership status of the country’s logistics sector. Besides improving operational efficiency, our partnership will help scale supply chain operations and achieve sustainability. At the Logistics District, we are mandated to support the industry and accelerate the UAE’s rapidly advancing logistics sector.” Andrey Bolshakov said: “This is Evocargo’s first venture into autonomous vehicles in such a global multimodal logistics platform. This trial is a significant milestone for the company as it unlocks opportunities to expand our products in the strategic Middle Eastern and Asian markets.” EVO.1: Effective, Electric, Eco-friendly The lifting capacity of the driverless platform is 2 tonnes, and it can accommodate up to six EUR-pallets moving at 25 km/h for up to 200km. Charging a vehicle for a full day’s operation takes 40 minutes to six hours, depending on the outlet. The security system of the EVO.1 platform has four tiers: the computer vision of the space around the vehicle, an automatic diagnostic system, a remote-stop system, and a standby pneumatic braking system. Effective fleet management of EVO.1’s automatic pilot systems increases the efficiency of freight transportation while significantly reducing truck downtime. Robotisation and using electricity and hydrogen fuel cells instead of conventional fuel offer cost efficiencies. Evocargo has 37 protected inventions and technologies. Evocargo’s patents cover algorithms for visual positioning, automatic mapping, the calibration and integration of sensors and cameras, methods for selecting safety speeds, and the parameters for dynamic models.

UAE to trial first driverless truck

The trials will see Evocargo’s unmanned electric logistics vehicle navigate Dubai South’s Logistics District until February 2023

ADNOC awards $4bn agreements for integrated drilling fluids services

Abu Dhabi’s ADNOC Drilling purchases two offshore jack-up rigs for $200m

The company aims to operate a total fleet of at least 122 owned rigs by 2024

Saudi Arabia and UK review bilateral relations and sign defense cooperation

Saudi Arabia, UK review bilateral relations and sign defence cooperation

Prince Khalid also paid an official visit to the headquarters of BAE Systems, a British multinational arms, security and aerospace company in Wharton, Cumbria

Bank of China lists $300m bonds on Nasdaq Dubai

Bank of China lists $300m bonds on Nasdaq Dubai

The bank shall use the proceeds for general corporate purposes