HSBC executes first blockchain transaction for Middle East’s automotive sector

The Contour platform deploys decentralised technology to integrate digital networks for transfer of data across trade routes

Dubai reduces carbon emissions by 21%

Dubai reduces carbon emissions by 21% in 2021

The Dubai Supreme Council of Energy also discussed a plan submitted by Emirates Gas Company to enhance current gas cylinders to advanced ones

Lazard names a woman as Saudi chair to grow Mideast advisory unit

Sarah Al-Suhaimi was named chair of the Saudi stock exchange in 2017

Number plate

Dubai number plate ‘AA 13’ nets Dhs4.42m in auction

Proceeds from the 110th open auction held by Dubai’s Roads and Transport Authority totalled Dhs37.328m

Saudi Arabia’s foreign minister and the secretary general of the Digital Cooperation Organization in Riyadh

Digital Cooperation Organization to establish HQ in Riyadh

Saudi Arabia, Bahrain, Cyprus, Djibouti, Kuwait, Morocco, Nigeria, Oman, Pakistan, Jordan and Rwanda are member states of the organisation founded to drive collaboration in digital transformation

King Charles III

UAE President congratulates King Charles III on accession to UK throne

King Charles III was formally confirmed as the new British monarch on September 10

bread

UAE announces launch of ‘Bread for All’ initiative to support underprivileged families

The initiative aims to provide fresh bread to those in need through smart machines

circular economy

Supporting a circular economy is key to being a corporate citizen

Data-driven processes are more essential than ever to make the circular economy a reality, mainly by increasing the lifespan of raw materials

copper ore

Saudi Arabia announces discovery of gold, copper ore in Madinah

Copper ore was discovered at four sites in the Al-Madiq area in the Wadi Al-Faraa region in Madinah

Dubai’s toll operator Salik boosts IPO size from 20% to 24.9%

The company’s starting market capitalisation is expected to be $4.1bn

Gaming strategy

Saudi Crown Prince unveils National Gaming and Esports Strategy

The strategy will be implemented through 86 initiatives covering the entire value chain, launched and managed by over 20 government and private entities

Citi Saudi Arabia CEO Wassim Al Khatib resigns just a year after joining bank

The bank appointed Al Khatib as its CEO in the kingdom in 2021

Agthia Group

UAE’s Agthia Group announces interim cash dividend of Dhs65.31m for H1 2022

Its group net profit reached Dhs118m for the first half of the year, rising 74 per cent year-on-year

midday work ban

UAE’s midday work ban ends on September 15

The midday work break, which came into effect on June 15, continued for 92 days

UAE israel education

Sheikh Abdullah bin Zayed arrives in Tel Aviv on Abraham Accords’ second anniversary

Besides the UAE foreign minister’s latest visit, we take stock of the key developments and events since the signing of the historic accords

India imposes import curbs on laptops

How to find greater value proposition in structures

A well-designed knowledge production process is not a barrier to agility and nimbleness

DMCC

Dubai’s DMCC records twofold rise in Chinese companies over last five years

DMCC is home to 703 Chinese companies, constituting nearly 12 per cent of the total number across the UAE

Dubai’s Emirates, United ink agreement to expand market presence, enhance networks

United will launch a new direct flight between Newark and Dubai, starting March 2023

stc_SDAIA_MoU

Saudi Data and AI Authority, stc to develop digital technologies, AI solutions

The organisations intend to localise digital solutions and exchange experiences and knowledge in the field of data management and governance

You can now detect over 70 types of cancer with one blood test

You can now detect over 70 types of cancer with one blood test

LifeGen partners with Datar Genetics to diagnose late cancer through the use of Trucheck blood test

Global AI Summit Saudi

Global summit on artificial intelligence begins in Riyadh

The second edition of the Global AI Summit brings together various stakeholders to discuss the future of artificial intelligence and the kingdom’s contribution to this field

real estate

Cover story: Why the CEO of Seven Century Real Estate Brokers believes Dubai is fertile ground for investments

In this exclusive interview, Naghmeh Sheikholeslami speaks of resilience, prioritising customers and Dubai’s evolving real estate landscape

AD Ports Group

Abu Dhabi’s AD Ports Group completes first international acquisition

The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International

Sheikh Hamdan launches Dubai’s R&D programme

The programme will increase the private sector’s R&D activities and attract international companies to invest in Dubai

Namangan

Flydubai to introduce direct service to Namangan

Namangan becomes the carrier’s third point in Uzbekistan in addition to Samarkand and Tashkent

Oil

Saudi oil output hit 11 million barrels a day in August

It’s the highest monthly production level the kingdom has reported to OPEC since April 2020

Saudi wealth fund to build $412m stake in local tourism firm

The Public Investment Fund signed a pact to acquire a 30 per cent stake in Almosafer Travel & Tourism

DEWA and WGEO complete preparations for World Green Economy Summit

World Green Economy Summit to focus on energy, finance, food security

WGES is organised by DEWA, the World Green Economy Organization and the Dubai Supreme Council of Energy

vertical farm

In pics: Sheikh Mohammed tours world’s largest vertical farm in Dubai

The hydroponic facility is capable of producing over 1,000,000kg of leafy greens annually

Algiers

Dubai’s Emirates to ramp up service to Algiers

The airline will utilise its Boeing 777-300ER aircraft between Algiers and Dubai