The Helicopter Company and GIB sign loan facility deal_Image Supplied

PIF’s The Helicopter Company, GIB-Saudi Arabia ink SAR800m Murabaha loan facility deal

The funds from this loan facility will support The Helicopter Company’s ongoing investments in cutting-edge aircraft and infrastructure

Arabian Drilling posts SAR920m on higher rig activity

Arabian Drilling’s Q3 revenue surges by 16% on higher rig activity

The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs

COP 28 meet to discuss loss and damage fund concludes successfully GettyImages-1340683804-e1644584765829

COP28: Meet to discuss implementation of Loss and Damage Fund concludes successfully

The agreed recommendations will now be socialised with national governments ahead of COP28, so the fund can be activated and capitalised

Empower posts Dhs2.27bn in nine-month revenue

UAE’s Empower posts Dhs2.27bn in nine-month revenue

The cooling firm reported a net profit of Dhs685m during the period under review and paid a cash dividend of Dhs425m for the first half of 2023

How PureHealth is advancing healthcare services

PureHealth, Dell partner to advance healthcare services in Abu Dhabi

The partnership with Dell further solidifies the healthcare’s position following the recent milestone acquisitions

New UAE corporate tax decisions issued by MoF for free zones - for illustrative-purposes-GettyImages-124638324

UAE corporate tax: MoF issues new decisions related to free zones

The new decisions reflect the significant role of free zones in the UAE’s economic diversification strategies

Fitch Ratings cuts Egypt’s credit score one step to B-

Fitch downgrades Egypt one notch deeper into junk territory

The country’s debt problems have come amid a bruising economic crisis that has triggered a string of currency devaluations and record inflation

ADGM to host Abu Dhabi Sustainable Finance Forum during COp28 Image ADGM

UAE: ADGM to host Abu Dhabi Sustainable Finance Forum during COP28

Masdar will partner with ADGM to host the forum as part of the special edition of Abu Dhabi Sustainability Week at COP28

Sinopec, QatarEnergy sign 27-year LNG supply deal

Sinopec signs new 27-year LNG supply deal with QatarEnergy

The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities

saudi-india-meet cricket

Saudi Arabia looking to invest billions in Indian Premier League: Report

Talks were held when Saudi Arabia’s crown prince visited India in September for the G20 Summit

UN AI report to close gaps in government responses

UN AI report to close gaps in government responses -tech envoy

The body expects to submit a preliminary report by the end of this year and a final one next year.

Illumio Zero Trust Approach

Illumio’s Trevor Dearing explains the critical need for a Zero Trust Approach in times of AI

As the MENA region faces a rise in cybercrime, Illumio explains how a ‘Zero Trust’ approach can help protect enterprises at scale

DFSA fines FFA Private Bank $370,000 over system failures

DFSA hits FFA Private Bank with $370,000 fine over system failures

The financial watchdog said the fine follows and is connected to the prohibition that was imposed on the lender in May 2021

Apple beats quarterly estimates as iPhone sales edge up

Apple beats quarterly estimates as iPhone sales edge up

The tech company has navigated a global smartphone slump better than many of its rivals but faces an uneven economic recovery in China

Marriott launches its first co-branded credit card in Qatar (Image: Supplied by Marriott International)

Marriott launches its first co-branded credit card in Qatar

Cardholders can earn Marriott Bonvoy points on local and international spends as well as on their stays at more than 8,000 hotels around the world

Alpha Dhabi CEO - Hamad Al Ameri

Alpha Dhabi posts double digit growth for Q3 results

Alpha Dhabi said its diversified portfolio has been a major driver behind the growth in revenue

FTX founder Sam Bankman-Fried

Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

The jury reached the verdict after just over four hours of deliberations

Sheikh Hamdan launches ‘Dubai Program for Gaming 2033’

Sheikh Hamdan launches ‘Dubai Program for Gaming 2033’

The initiative is aimed at significantly increasing the gaming sector’s contribution to the growth of Dubai’s digital economy

Turkish central bank raises inflation forecasts

Turkish central bank raises inflation forecasts, sees 70%-75% peak

Inflation hit a 24-year peak of 85 per cent last year and surged again in recent months as the lira weakened for a third year in a row

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange

ADGM - JP MORGAN

ADGM introduces the world’s first DLT Foundations Regime

This newly implemented legislative structure is designed to provide a comprehensive framework for DLT Foundations and decentralised autonomous organisations

UAE corporate tax

UAE: FTA notifies of new tax criteria for non-residents

The FTA’s new guidelines offer clarity for non-resident persons, who derive income in the UAE, or those who conduct business or part of their business in the UAE

Flynas acquires four new Airbus A320neo aircraft (Image: Supplied by flynas)

Flynas acquires four new Airbus A320 neo aircraft

It now has 60 aircraft, with the A320 neo variant making up 70 per cent its overall fleet

Samah Ahmed of AIX Consultancy on how AIX is helping investors tap Dubai's vast opportunities

How AIX Consultancy is helping investors tap Dubai’s vast opportunities

From visa applications to licence renewals, AIX Consultancy offers a comprehensive suite of services that allow clients to focus on their core operations

Synology

Interview: Synology’s Michael Chang on impact of AI on security, storage solutions

As the use of AI raises a range of enterprise demands for data storage and management, Synology offers an insight into its portfolio of offerings for new market needs

DIEZ unveils Dhs500m venture fund to finance tech startups

DIEZ launches Dhs500m venture fund to finance tech startups

The fund will play a pivotal role in supporting startups, starting from the pre-seed stage, and extending to the Series B investment stage

Saudi Arabia’s stc Group 9.9% Telefonica stake

stc Group sticks to plan for 9.9% Telefonica stake, sources say

The telecoms operator amassed a EUR2.1bn ($2.23bn) stake, consisting of 4.9 per cent of Telefonica’s shares and financial instruments in September

Most GCC central banks hold interest rates unchanged

UAE, Qatar central banks hold interest rates, tracking US Fed move

GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar

AD Ports Group Cruise Season 23-2024 image supplied

Abu Dhabi welcomes first cruise liner, as 2023-24 cruise season begins

The upcoming cruise season promises significant growth with Abu Dhabi Cruise Terminal slated for 126 calls, starting from November 1.

Türkiye may exclude banks from inflation-adjusted accounting

Türkiye may exclude banks from inflation-adjusted accounting, says minister

Türkish companies’ end-2023 balance sheets will be inflation-adjusted, with the practice expected to continue until 2026