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National Petroleum Construction Company signs strategic MoUs at EGYPS

UAE-based National Petroleum Construction Company signed agreements with leading Egyptian companies to explore growth opportunities in the MENA region

UAE F&B

UAE’s F&B imports from Latin America reached $1.9bn in 2020

F&B exports from Latin American markets accounted for 12 per cent of the UAE’s total F&B imports in 2020

Saudi Arabia maintained its position in the top 50 global rankings

Abu Dhabi records Dhs71.5bn of real estate transactions in 2021

There were a total of 14,958 sales and mortgage transactions, with Yas Island topping the list with Dhs4.1bn in real estate deals

Emaar’s Dubai Hills Mall opens

The new shopping, dining and entertainment destination is home to Roxy Cinemas, Adventure Park and a roller coaster among other offerings

Covid-19 update: UAE reports 895 cases, 2,808 recoveries

The nationwide case count has now risen to 872,210

Dubai’s Emirates, Saudi Tourism Authority ink agreement to underpin inbound tourism in the kingdom

The agreement aims to capitalise on the airline’s global network to amplify the Saudi Arabian experience for leisure travellers

mSME enabling platform, Setup in Abu Dhabi, launched

Setup in Abu Dhabi’s 25 partners, including ADIO, Twofour54, Masdar, Khalifa Industrial Zone, ADDED, Telr and Hub71, will support the platform

UAE and Hungary launch economic cooperation programme

The agreement covers cooperation in areas such as trade, investment, SMEs, energy, tourism, technology, space and education among other areas

ADNOC awards framework agreements worth $1.94bn to boost drilling

The framework agreements cover ADNOC’s onshore and offshore fields and will run for five years with an option for an extension

Optimizely opens first Middle East office in Dubai

Jesper Broberg has been appointed as the regional vice president to lead the company’s regional operations

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The Middle East’s first large-scale NFT collection to launch in Dubai

The Bored Falcon initiative has been created and fuelled by a collective of artists across Dubai, Manama, Beirut, and Damascus

Cover story: Why the chairman of UAE’s Century Financial feels a people-centric approach is a game changer

The key to a strong relationship with investors is offering them best-in-class support, explains the company’s CEO and chairman Bal Krishen

India and UAE complete talks on bilateral pact to boost trade

Total trade between India and the UAE stood at $53bn during April-December 2021-22

Dubai International Financial Centre achieves record company registrations in 2021

Last year, the financial centre also recorded its highest ever annual revenue and operating profit

UAE’s DMCC launches Impact Scale-Up Programme for businesses

The freezone aims to bring 20 social and environmental impact-driven businesses into its community through the programme

Expo 2020 Dubai has stimulated real estate growth: JLL

The firm’s regional property outlook for 2022 showcases trends such as flexible office spaces and sustainability in built environments

UAE reports 957 Covid-19 cases, 2,538 recoveries

The nationwide case count has risen to 871,315

DCT Abu Dhabi, Airbnb seal deal to boost holiday home sector in the emirate

Airbnb will launch a dedicated responsible hosting page on the platform, helping hosts follow local rules for holiday homes

Fertiglobe announces $340m dividend after Q4 2021 results

The company, a joint partnership between Abu Dhabi’s ADNOC and the Netherlands-based OCI, reported a revenue rise of 113 per cent to $3.31bn in 2021

Abu Dhabi Vaccine tourism

Abu Dhabi International Airport receives 5.26 million visitors in 2021

The airport handled 711,715 tonnes of freight in 2021

UAE digital bank Zand wins backing from Franklin, Aditya Birla

Digital banks have taken off with the spread of finance technology in Middle East

ADNOC, Borealis hiring banks for IPO of plastics joint venture

Borouge manufactures plastics used in everything from automobiles and food packaging to medicine vials and piping systems

Dragon Oil

Dubai’s Dragon Oil confirms first oil discovery in Egypt’s Gulf of Suez

The field could contain around 100 million barrels in reserves

Flydubai to resume flights to Istanbul’s Sabiha Gökçen Airport next month

With the resumption, the airline will increase its overall flight frequency to Istanbul to 12 per week

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Abu Dhabi updates travel green list, adds Turkey

The list now has 72 destinations in total

Dubai Can

Dubai Can: Free drinking water to be made available across city

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, launched the initiative that aims to encourage the use of refillable water bottles

Covid-19: UAE reports 930 cases, lowest in almost 8 weeks

The nationwide case count has risen to 870,358

Dubai Islamic Bank lists $750m sukuk on Nasdaq Dubai

The issuance was oversubscribed by more than 2.5 times

Israeli firm to help Dubai’s Mashreqbank detect financial crimes

It follows Israel and the UAE normalising relations in 2020

Dubai’s DP World launches new intermodal shipment tracking tool

Cargoes Flow will provide an end-to-end visibility for shipments irrespective of their shipping modes, carriers, and shipping lanes