Dubai

Dubai’s GDP grows 4.6% during first nine months of 2022

The emirate hosted 10.12 million international visitors from January through September 2022, compared to 3.85 million welcomed during the same period last year

FTX founder Sam Bankman-Fried

Ex-FTX CEO Bankman-Fried arrested in Bahamas as US files charges

More than 100 FTX-related entities filed for US bankruptcy protections on November 11

Fintech PayTabs acquires Turkey’s social commerce platform, Paymes

The acquisition aims to create a unified social commerce platform for micro merchants, fempreneurs and webpreneurs across the MENA region

Americana, Luberef IPO managers set to share $74m in fees

Americana and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn

Sharjah

Sharjah Media City unveils new company to launch media, technology startups

The company will serve as an integrated platform that brings together media talents, entrepreneurs and experts to establish media projects supported by advanced technology

Mobility startup Moove raises $30m for UAE expansion

Moove, which was founded in Nigeria and provides revenue-based vehicle financing has scaled up to 13 markets in 2022

Limestone Lab announces partnership with Aura Hospitality Group

The collaboration will see Limestone Lab’s Social Distrikt venue open in Qatar, launching as the second branch of the experiential urban food hall

Dubai International Chamber launches offices in Egypt, two more countries

Dubai International Chamber launches offices in Egypt, two more countries

The new openings bring the number of Dubai International Chamber’s representative offices around the world to 15

BeingShe Universe 2022 grand finale held in Dubai on 26 November

BeingShe Universe grand finale held in Dubai on November 26

Aparna Bajpai, founder of BeingShe Organisation mentioned that this edition was powered by Mai Dubai, running under the theme ‘Beauty and Fitness in Perfect Balance’

Adidas unveils official match ball for semi-finals, final of FIFA World Cup

The Al Hilm match ball was made using only water-based inks and glues

Hub71

Abu Dhabi’s Hub71 startup community raises $1bn in venture capital

Nine startups had raised over $150m collectively at the time of joining Hub71 in 2022

Stella Stays

Proptech Stella Stays expands footprint, opens second residence tower in Riyadh

The Olaya Tower 2 offers furnished apartments, a co-working space and other recreational and commercial services

Sheikh Mohammed approves second phase of Dubai 2040 urban development plan

Sheikh Mohammed approves second phase of Dubai 2040 Urban Master Plan

The master plan calls for developing a 20-minute city where residents can reach their destinations within a third of an hour, either on foot or by bicycle

Abu Dhabi Police signs MoU with Burjeel Holdings

A privilege card will be issued to the employees of Abu Dhabi Police and their families, enabling them to seek treatment in hospitals under Burjeel Holdings

DMCC announces launch of its gaming centre

DMCC is currently home to over 50 gaming companies, from game developers and producers to esports teams and tournament organisers

Dubai shopping festival

Dubai reveals dates for 28th edition of annual shopping festival

Dubai Shopping Festival is back this year from December 15 with 46 days of entertainment, fashion exclusives, shopping deals, raffles, hotel and dining offers

Lenskart

Abu Dhabi Investment Authority to invest in eyewear retailer Lenskart

ADIA is in advanced talks with Lenskart to invest $350m to $400m at a valuation of $4.5bn

Saudi Arabia’s real GDP grows 8.8% in third quarter

Oil activities in the third quarter increased 14.2 per cent year-on-year

Dell Tablet

Dell Technologies announces new Latitude 7230 Rugged tablet

The device is said to be the lightest 12–inch fully rugged tablet, designed for professionals in arduous roles that demand critical reliability

Dubai

Goldman moves more bankers to Dubai in Middle East push

Goldman’s net revenues in wealth management were $1.6bn in the third quarter

UAE’s commitment to net zero is a game changer

UAE’s commitment to net zero is a game changer

As the UAE prepares to host COP28 in November 2023, the government is already unveiling new strategies and initiatives to mobilise the private sector in support of the  net-zero target

UAE announces new law for non-Muslims expatriates

The federal decree-law on personal status will come into effect from February 1, 2023

UAE: Rashid rover en route to the Moon after successful takeoff

The mission will study different aspects of the lunar surface

Flydubai

Flydubai carried over 100,000 fans on shuttle flights since Nov 21

The shuttle flights will operate until December 19

Explainer: Is proptech the future of real estate?

Jad Antoun, CEO and co-founder of Huspy tells Gulf Business about the key proptech trends and how his company plans to change home-buying experience for customers

Morocco routs Portugal to advance into World Cup semis

Morocco continued its historic run at this year’s tournament, downing the European nation 1-0

Tourism

This is how tourism must shift to actually address climate change

An estimated 11 per cent of global greenhouse gas emissions are due to tourism, and that’s predicted to double by 2050

Sachin Kerur, Managing Partner, Middle East, Reed Smith

How UAE is building an ecosystem for business development?

The slew of developments that we have seen in the UAE on a legislative and regulatory level in various industries are further proof of the government’s support for the business community

Islamic Finance 2022-2023: Same constraints, new opportunities

S&P Global Ratings expects stronger economic growth in core Islamic finance countries and will boost industry assets about 10 per cent during 2022–2023

Technologies underpinning sustainability in the GCC's construction industry

Technologies underpinning sustainability in the GCC’s construction industry

The UAE is committed to achieving net-zero emissions by 2050 and the construction sector is a vital part of this strategy