National Bank of Kuwait reports $1.2bn in net profit

National Bank of Kuwait reports $1.2bn in net profit for first nine months of 2022

Net profit increased 46.9 per cent year-on-year from $819.9m recorded during the same period last year

Mubadala Capital acquires US-based TruFood

Abu Dhabi’s Mubadala Capital acquires US-based TruFood

Financial details of the transaction were not disclosed

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

Emerge signs agreement to develop solar plant to power Khazna data centre in Masdar City

The plant will have an installed capacity of 7-megawatt peak and will provide electricity to the Khazna Abu Dhabi 6 facility

etihad-airways-and-armani-casa-launch-world-first-luxury-partnership

Etihad Airways, Armani/Casa partner to deliver a premium travel experience

Launching onboard in December, the partnership will further enhance Etihad’s premium offering, exclusively curated with designer Giorgio Armani

Ukraine uae

UAE to send $100m in humanitarian aid to Ukraine

UAE President Sheikh Mohamed bin Zayed Al Nahyan held a phone call with Ukraine’s premier Volodymyr Zelenskyy, earlier this week

SAUDI-ARABIA-alcohol

Saudi retail enablement company Zid raises $50m in Series B funding

The proceeds will be used by Zid to expand into new markets in Saudi Arabia and in the region

What are preferences of viewers in UAE during FIFA World Cup?

What are preferences of viewers in UAE during FIFA World Cup?

While 61 per cent stated they will watch the World Cup on TV, 49 per cent of fans said they will follow the games on their smartphones

FIFA World Cup ticket sales near 3 million

FIFA World Cup ticket sales near 3 million with over a month to go

Demand has been highest among fans based in Qatar, the US, Saudi Arabia, England, Mexico, the UAE, Argentina, France, Brazil, and Germany

Japan

Emiratis can travel to Japan without a visa from November 1

The decision coincides with the launch of the Comprehensive Strategic Partnership between the UAE and Japan

Saudi Arabia to issue free e-visa for Hayya Card holders

Saudi Arabia to issue free e-visa for Hayya Card holders

The FIFA World Cup is starting on November 20 and will run until December 18

Dubai’s Emirates to resume daily operations to Taipei

The carrier had commenced its non-stop daily flights to Taipei back in 2014

Khalaf Ahmad Al Habtoor donates 100 vehicles to Dubai Police

UAE businessman Khalaf Al Habtoor donates 100 cars to Dubai Police

The founder and chairman of Al Habtoor Group donated a fleet of Mitsubishi Pajero SUVs

e& partners with Ericsson to build sustainable networks in UAE

The expansion will help etisalat by e& evolve its radio access network

RTA announces operation of e-scooters in 11 new areas starting 2023

RTA Dubai announces operation of e-scooters in 11 new areas from 2023

The total number of districts in which e-scooters are permitted to operate has increased to 21, with the total length of tracks rising from 185 to 390 kilometres

Bayanat announces intent to list on ADX

Abu Dhabi G42-owned Bayanat announces intent to list on ADX

The subscription period for the listing will open on October 21 and close on October 25

Dubai’s Emirates A380 touches down in Bengaluru

The special service arrived on October 14, ahead of scheduled A380 operations which will commence on October 30

Flydubai signs agreement with Smartwings to wet lease 4 aircraft

The aircraft will operate on select routes on the flydubai network including Chattogram, Colombo, Dhaka, Karachi, Multan, Muscat and Sialkot

Gitex Global: Hub71 and GetFundedAfrica to fundraise support for startups

Gitex Global: Hub71 and GetFundedAfrica to support growth of tech startups

Qualifying startups from Abu Dhabi and Africa to gain guidance, resources and support to setup, scale and raise funding in new markets

Delta Hotels by Marriott debuts in Qatar

The 32-storey hotel is home to 320 rooms

Gitex Global 2022 concludes on Oct 14

Gitex Global, the UAE’s annual tech event, began on October 10 and ended on October 14

QatarEnergy signs agreement to fully acquire Siraj Energy

QatarEnergy signs agreement to fully acquire Siraj Energy

Siraj Energy was established to finance, build, operate and maintain solar power facilities

Cover story: UAE-based businessman Ghassan Aboud on how a sound diversification strategy drives growth

In an exclusive interview, chairman and founder of Ghassan Aboud Group explains why success is only sustainable if it is inclusive

Taqa seeks to slash emissions by 2030

UAE power and water firm Taqa seeks to slash emissions by 2030

The company will build about nine gigawatts of solar power and phase out roughly seven GW of conventional gas plants in this decade

Géant UAE partners with Bustanica, world’s largest vertical farm

Bustanica will supply a range of produce to Géant hypermarkets and supermarkets across the UAE

Gitex Global: 'Expand North Star' to boost startup ecosystem for tech entrepreneurs

Gitex Global: ‘Expand North Star’ to boost startup ecosystem for tech entrepreneurs

Expand North Star will engage with venture capitalists, unicorns, scale-ups and startups in the tech ecosystem

ADNOC awards $980m contract

ADNOC awards $980m contract to spur UAE’s offshore energy resources

Over 80 per cent of the contract value will flow back into the country’s economy under ADNOC’s In-Country Value programme

Latin America’s biggest startup Kavak expands footprint into Middle East

The Mexico City-based company is branching into the UAE and Oman

Emirates Auction smart projects see a remarkable turnout of Gitex visitors

Gitex Global: Emirates Auction smart projects see remarkable turnout of visitors

The Emirates Auction smart app is one of the cutting-edge applications specialised in electronic auctions in the region

STC Alibaba

Arabian Drilling draws $43bn in orders for Riyadh IPO

The company set the final offer price at $26.6 a share, raising $710m after a book-building process for institutional investors

Gitex Global: Dubai Municipality signs contract with British agency to develop construction system

Gitex Global: Dubai Municipality signs contract with British agency to develop construction system

Ordnance Survey will support Dubai Municipality to improve services for customers and stakeholders in the building and construction sector in the city