Dubai

Women in tech: Trixie LohMirmand, EVP – Events Management at Dubai World Trade Centre

While the technical skills are core, for women to succeed as leaders in this male-centric industry requires leadership, people and business management competencies

CBUAE

Gross bank assets rose to Dhs3.58tn by end of Oct 2022, reveals Central Bank of UAE

The central bank attributed the increase in domestic credit to the increase in credit granted to the public and private sectors

DFM and DWTC to host IPO summit in Dubai

Dubai Financial Market, DWTC set to host first MENA IPO Summit – Dubai

The inaugural summit will take place from January 23-25 at The Museum of the Future

Honor

Honor X9a to be soon launched in the UAE

The latest addition to the Honor X Series delivers visuals and performance with a 120Hz all-round AMO curved display, 256GB large storage and a high-capacity durable battery

Kuwait

Kuwait selects Google Cloud for nationwide digital transformation

The strategic alliance will support digitising government services, migrate national data securely to the cloud and set up a national digital skills programme

ADX - Unified GCC ESG Disclosure Metrics

Gulf exchanges announce unified ESG metrics for GCC listed companies

The metrics include 29 standards that are aligned with the World Federation of Exchanges and Sustainable Stock Exchanges Initiative

Kyndryl

Kyndryl hires Fionnuala Morris as managing director for Gulf, Levant and Pakistan

She joins Kyndryl from Microsoft, where she served as business group leader for the Microsoft Surface business unit in the Middle East and Africa

Saudi Arabia’s ports show 13% yoY rise in cargo handled in 2022

Saudi Arabia’s ports record 13% year-on-year rise in cargo handled in 2022

The kingdom’s trade gateways also welcomed 933,000 passengers in 2022, a 36 per cent spike from 2021 when 688,000 passengers arrived in the country

Turtlefin

Turtlefin partners with Compass Brokers to enhance its distribution capabilities

Through this partnership, Turtlefin will enable Compass’s distribution teams to access the required information and customise proposals for clients

DMCC attracts record number of companies in 2022

Dubai’s DMCC witnesses ‘best-ever’ year for registrations, welcomes 3,049 businesses in 2022

This marks a year-on-year increase of 23 per cent, breaking the previous record set in 2021 when DMCC registered 2,485 new members

ADAA launches smart app_courtesy Abu Dhabi Media Office

Abu Dhabi Accountability Authority’s new app allows reporting of financial, administrative misconduct

The app maintains user confidentiality and privacy, while aiming to build and sustain trust in the emirate’s financial and economic systems

Technologies

Here are the top technologies that will shape human ambitions in 2023

With digital transformation accelerating at pace, emerging technologies will drive the future development of digital economies across the region

Alibaba

Alibaba plans logistics hub at Istanbul airport, data centre near Ankara

Expanding commerce and cloud-based units are expected to lift the company’s revenue

Dewa Hatta Dam_new

Hatta Water Reservoir project is 76.8% complete: DEWA

The project is expected to be completed in April this year

Sheikh Hamdan and Sheikh Maktoum review roadmap for D33 implementation_photo courtesy_Dubai Media Office

Dubai: Sheikh Hamdan, Sheikh Maktoum review roadmap for D33, first 10 projects

The first phase of D33 projects includes launching the Dubai Green and Sustainable Industry Plan

ADX

Arab bourses’ market cap crossed $4tn by end of 2022, says AMF

According to the Arab Monetary Fund, the market value of the Abu Dhabi Securities Exchange reached $714.6bn by the end of last year

Jack Ma

Billionaire Jack Ma is giving up control of Ant Group

The company is offering 10 individuals, including the founder, management, and staff, voting rights independently, effectively removing Ma’s control of Ant Group

Big tech targets bond market

Big tech targets bond market for cash to buy back sinking stocks

As an economic downturn looms, the average blue-chip company is expected to be in balance sheet repair mode

Mark-Ackerman-area-VP-for-MEA

Insights: Adding the human touch to AI for better customer experience

Artificial intelligence models can actively mine customer interactions for ideas on how to improve products, services and experiences

Dubai real estate courtesy Dubai Media Office

Dubai records real estate transactions valued at Dhs10bn during the week

Al Hebiah Fifth recorded the most transactions for this week with 133 sales transactions worth Dhs386.38m

Aldar, Diamond Developers launch sales for The Sustainable City – Yas Island project

Construction of the project will commence in Q2 2023, with first handovers expected in Q4 2025

Emirates retrofitted A380 cabin

Emirates’ first retrofitted A380 flies to London Heathrow

By 2024, all 67 of the airline’s A380s assigned for refurbishment will have returned to service

DUbao Parks and Tabby tie up

Dubai Parks and Resorts, Tabby launch new BNPL payment option using Tabby Card

Guests can now pay for their tickets to Motiongate Dubai, Bollywood Parks Dubai, Legoland Dubai Theme Park and the Legoland Water Park parks in multiple installments

Standard-Chartered

Standard Chartered faces fresh questions after report of First Abu Dhabi Bank takeover bid

While FAB said it’s no longer evaluating a possible offer, the news sent shares in the London-listed lender higher as investors weighed the prospects of any deal

Abdul Aziz Al Ghurair - UBF chairman

UAE’s Commercial Transactions Law will boost Islamic financial services: UBF

The law has 25 articles that define the concepts and financing formulas, deposits, investment accounts, Takaful insurance, investments and other transactions

ADIB increases ownership in ADIB Egypt

Abu Dhabi Islamic Bank raises stake in ADIB Egypt

The bank’s ownership in the Egyptian unit has risen to 52.607 per cent

Saudi Arabia's central bank launches open banking lab

Saudi Central Bank launches Open Banking Lab

The bank is tracking the development of banks and fintechs to ensure their readiness to launch open banking services in Q1 2023

etihad airways doubles flights to bangkok

UAE’s Etihad Airways to double flights to Bangkok

From March, the airline will provide a total of 14 weekly nonstop services to Bangkok Airport

il prices dropped by Saudi Arabia

Saudi Arabia cuts oil prices for main market as demand slows

High-interest rates and a strong dollar have hit demand in the US, Europe and China

ADNOC allocates 1$5M towards low carbon solutions

ADNOC earmarks $15bn for low-carbon solutions and decarbonisation tech

The company will launch projects involving carbon capture, electrification and new CO2 absorption technology, and also enhance investments in hydrogen and renewables