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UAE

Dubai International Chamber to attract 50 multinational companies over three years

It also aims to support the international expansion of 100 Dubai-based companies

UAE: Events, activities to return to full capacity this month

Physical distancing in mosques and places of worship has been reduced to one metre

Majed Al Joker

Majed Al Joker appointed as chief operating officer at Dubai Airports

Prior to his promotion, Al Joker was executive vice president of corporate affairs for Dubai Airports

Abu Dhabi: The 2022 edition of UMEX and SimTEX to return this month

The hybrid event will take place at Abu Dhabi’s ADNOC Business Centre

UAE’s EGA plans to build first aluminium recycling facility

Feasibility studies for the project are underway

UAE reports 1,538 Covid-19 cases, 2,457 recoveries

The nationwide case count has risen to 862,514

First Abu Dhabi Bank makes offer to acquire majority stake in EFG Hermes Holding

The potential acquisition would be paid for in cash

Dubai Islamic Bank prices $750m senior sukuk

The sukuk will be listed on Euronext Dublin and Nasdaq Dubai

Aldar

Abu Dhabi’s Aldar achieves annual property sales of Dhs7.2bn in 2021

The company reported a preliminary full year net profit increase of 21 per cent

Historic feat: One year since the UAE’s Hope Probe reached Mars

The UAE became the first Arab country to launch a space mission to Mars

Cover story: Investment is a level playing field, says Dubai’s AIX

The Covid-19 pandemic has effectively broadened the investment landscape, explains AIX Investment Group’s board advisor Fadi Dabbagh

Covid-19 vaccine

Covid-19: Fourth dose of Pfizer-BioNTech vaccine now available in Abu Dhabi

It is mandatory for six months to have passed since receiving the last dose of the vaccine, except in the case of high-risk individuals who can receive the booster after three months

DP World’s Imperial acquires a controlling stake in Africa FMCG Distribution Ltd in Nigeria

DP World reports volume growth of 9.4 per cent in 2021

Spurred by the volume performance, DP World remains focused on increasing profitability while managing growth capex

F22

US to bring F-22 fighter jet squadron to the UAE imminently

It has already deployed the the guided-missile destroyer USS Cole to patrol the waters of the UAE

ADNOC

UAE’s ADNOC mulls sale of green bonds as it seek ESG funds

The UAE became the first Gulf state to commit to neutralising planet-warming emissions within its borders, which it aims to do by 2050

Abu Dhabi’s Aldar awarded development project contracts worth Dhs8.5bn in 2021

The company signed 16 contracts with UAE-based companies to support the National ICV programme

Dubai Financial Services Authority signs MoU with India’s IFSCA

The agreement sets a framework for mutual assistance and exchange of information in areas, including money laundering and terrorism financing

Covid-19 update: UAE reports 1,615 cases, 2,219 recoveries

The nationwide case count has risen to 860,976

Abu Dhabi Ports surges on debut after $1.1bn share sale

In 2021, Abu Dhabi Ports handled 45 million tons of general cargo volumes

AD Ports Group

Abu Dhabi-based Al Seer Marine invests Dhs1.2bn in AD Ports Group

With this investment, Al Seer Marine has received a 7.36 per cent stake in Abu Dhabi Ports

UAE

UAE business tax will help support smaller emirates’ economies, S&P says

The country plans to levy a 9 per cent corporate tax from June 2023

Middle Eastern oil is flavour of the month as benchmarks diverge

Oil futures have soared to the highest level in seven years in the opening weeks of 2022

AD Gaming partners with Attarius Network to underpin Abu Dhabi’s gaming sector

Via the agreement, Attarius will help developers in Abu Dhabi build blockchain-based games

Plastic bags

Dubai to impose tariff on single-use plastic bags from July 1

The tariff of 25 fils is being introduced with the ultimate aim of completely banning the use of these plastic bags over the next two years

Abu Dhabi Islamic Bank posts 45% rise in net profit for 2021

The bank’s revenue increased 4 per cent to Dhs5.56bn

UAE reports 1,704 Covid-19 cases, 1,992 recoveries

The nationwide case count has risen to 859,362

Abu Dhabi

AD Ports Group lists shares on Abu Dhabi Securities Exchange

The company will commence trading on the main exchange from February 8

CBUAE selects Accenture to develop UAE’s National Instant Payment Platform

The platform, which allows real-time payments and fund transfers round the clock, will support SMEs, larger companies and financial institutions

flydubai

Flydubai to begin flights to AlUla and Yanbu in Saudi Arabia

With the two additional routes, the airline will be flying to six destinations in the kingdom

RouteQ launches operations in Dubai to expand its presence in the Middle East

The technology provider aims to address the key delivery challenges in the Middle East such as inaccurate addressing and package tracking