Prince Khaled’s KBW Ventures invests in US-based foodtech startup

The funding round will help Black Sheep Foods scale up production for its debut lamb made from plants

Saudi Arabia and China strengthen strategic partnership in digital economy

Saudi Arabia and China strengthen partnership in digital economy

The partnership also covers cooperation in the fields of artificial intelligence, advanced computing and quantum information technology

Oman gets interest from hydrogen investors for mega-blocks

More than 40 companies, including TotalEnergies and BP, have purchased request-for-qualification documents for the Omani blocks

Sheikh Mohammed approves Dubai budget 2023-2025

Sheikh Mohammed approves Dhs205bn Dubai budget for 2023-25

The government’s total expenditures for the 2023 fiscal year are estimated at Dhs67.5bn

World Cup fans on pace for record spending at tournament venues

Fans who were present to watch Saudi Arabia take on Mexico on November 30 spent the most overall

ADNOC, TAQA and Mubadala complete transaction to acquire Masdar stakes

Abu Dhabi’s ADNOC, TAQA and Mubadala complete deal to acquire Masdar stakes

Masdar targets a minimum of 100GW in renewable energy capacity and the production of up to one million tons of green hydrogen by 2030

Togo

Abu Dhabi Exports Office signs Dhs92m financing agreement with Togo

The cooperation seeks to increase Mohammed bin Zayed Solar Park’s production capacity in the country from 50 megawatts to 70 megawatts

UAE’s foreign non-oil trade to grow to Dhs2.2tn by end of 2022

Non-oil foreign trade crossed Dhs583bn during the third quarter of the year

Saudi and Chinese companies sign 34 investment agreements

The agreements covered sectors like green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation, logistics, medical industries, housing and construction factories

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

Saudi Arabia sees 2023 budget surplus bump

Revenues are now set to reach SAR1.13tn, slightly more than projected earlier

UAE has the world’s best passport in a top ten dominated by Europe

With a UAE passport, travellers can enter to 180 countries hassle-free — seven more than European countries such as Germany and Sweden

UAE's Agthia Group partners with AD Ports Group to enhance supply chain connectivity

UAE’s Agthia Group partners with AD Ports Group to enhance supply chain connectivity

Both companies will collaborate to optimise Agthia’s logistics operations

Flydubai to launch daily flights to St Petersburg

Flydubai to launch daily flights to St Petersburg

The carrier has grown its network to 114 destinations

Saudi Arabia’s construction sector strongest across MENA region, reveals JLL

Saudi Arabia’s construction sector strongest across MENA region, reveals JLL

Construction output growth in Saudi Arabia is anticipated to rise by 3.2 per cent in 2022, with a further annual average growth rate (AAGR) of 4 per cent between 2023 to 2026 as indicated by Global Data

Abdul Latif Jameel Energy’s FRV to power 400,000 homes in Brazil via new solar farm

The project will contribute to the diversification of the local economy and will be a source of investment for the region

Fawaz Alhokair Group, Arabian centres and Alhokair fashion announce rebranding

Fawaz Alhokair Group, Arabian centres announce rebranding

The full rebrand brings together all operating companies under the Cenomi brand

New launch date for Emirates Lunar Mission announced

New launch date for Emirates Lunar Mission announced

Upon landing, the Rashid rover will explore the characteristics of the lunar soil

DIFC-based fintech firms net $559m in funding during Jan-Sep 2022

DIFC-based fintech firms net $559m in funding during Jan-Sep 2022

DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world

Etihad Cargo introduces Shanghai-Chennai direct route

Etihad Cargo introduces Shanghai-Chennai direct route

From December 8, Etihad Cargo will offer twice weekly freighter service between Shanghai and Chennai

Deutsche Bank appoints Alanoud Alqahtani as GM of Saudi Arabia

Alqahtani will have oversight of the bank’s business activities regulated by the Saudi Central Bank

GCC residents, citizens can enter Qatar without Hayya card

The new directive has come into effect from Tuesday, December 6

Mubadala's head of UAE investments platform to join ADNOC

Head of UAE investments platform at Mubadala to join ADNOC

Mubadala’s deputy CEO, Waleed Al Mokarrab Al Muhairi, will serve as interim chief executive of the UAE investments platform

AD Ports Group announces merger of KEZAD communities with Al Eskan Al Jamae

The combined entity will have an equity value of approximately Dhs 7bn, positioning it as one of the largest such businesses in the UAE

UAE, Ukraine announce intent to negotiate comprehensive economic partnership agreement

UAE, Ukraine to begin negotiations towards comprehensive economic partnership agreement

In 2021, non-oil trade between the UAE and Ukraine reached $904.4m, increasing 28.4 per cent over the previous year

UAE Space Agency signs MoU with Philippine counterpart to enhance cooperation

UAE Space Agency signs MoU with Philippines counterpart to enhance cooperation

The MoU enables exchange of space data to support various fields of common interest such as climate change, disaster management, emergency response, food security and agriculture

DMCC unveils new brand for JLT

Dubai’s DMCC unveils new brand for JLT

The new brand is underpinned by the central proposition that JLT has become an eclectic neighbourhood full of soul

Abu Dhabi's ADNOC, Malaysia's Petronas sign unconventional oil concession agreement

Abu Dhabi’s ADNOC, Malaysia’s Petronas sign unconventional oil concession agreement

The award marks the first time a Malaysian company will explore for hydrocarbons in Abu Dhabi

Saudi’s NEOM unveils first luxury island development

Sindalah will feature a 86-berth marina, while offshore buoys will house superyachts

Emirates adds third daily A380 service to London Gatwick

Emirates adds third daily A380 service to London Gatwick

Emirates currently serves the UK with 119 weekly flights across seven hubs

UAE President Sheikh Mohamed arrives in Qatar

The UAE President was welcomed by Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani, upon his arrival at Hamad International Airport