Renault

Renault, Airbus to develop battery tech for cars and airplanes

The partnership will also help Airbus develop tech linked to hybrid-electric aircraft

Etihad

DSV becomes first Etihad Cargo partner to purchase SAF to offset carbon emissions

Etihad Cargo transported DSV’s cargo shipment from Washington Dulles to Abu Dhabi on its first transatlantic net-zero flight

Amea Egypt

UAE’s Amea Power completes $1.1bn renewable energy deal in Egypt

The company will build, own and operate the 500MW solar PV plant and 500MW wind farm in the country

QatarEnergy, ConocoPhillips sign agreement to supply LNG to Germany

The LNG will be sourced from two joint ventures between both entities that hold interests in Qatar’s North Field projects

UAE reduces fuel prices for December 2022

The price of Super 98 has been reduced to Dhs3.30 per litre

SEHA to close some Covid-19 centres in Abu Dhabi, Al Ain, and northern regions

The Al Wathba, and Al Bahia Covid-19 drive-through services centres in Abu Dhabi will be closed

Dubai announces free parking for National Day holidays

RTA has also announced revised timings for its other services during the long weekend

miral group ceo

Cover feature: How Miral is transforming Abu Dhabi with its grand vision

Mohamed Abdalla Al Zaabi, group CEO of Miral, the leisure, tourism and lifestyle brand, tells us how the company is realising Abu Dhabi’s ambitious economic, leisure and tourism strategy, one mega project at a time

Mars

Everdome’s debut rocket to Mars set to launch on November 30

The launch will take place at 5pm Gulf Standard Time and will be broadcasted live

Amazon

Amazon vows to replenish all the water it uses for data centres

Currently, AWS relies on recycled water for 20 of its data centres

Saadiyat

Saadiyat: One island, many journeys

Abu Dhabi’s Saadiyat Island features an exclusive beach lifestyle, world-class hospitality, unique cultural attractions and a spectacular natural ecosystem that will keep you coming back for more

Emirates Lunar Mission to launch on December 1

Upon landing, the Rashid rover will explore the characteristics of the lunar soil

Informa

Saudi PIF-backed EV firm secures site for Foxconn project

Construction on the site, which is near a major Red Sea trading port, will start early next year

India

India to test retail version of digital rupee

India is pushing forward with digital versions of its currencies, as it seeks to eliminate private cryptocurrencies that pose risks to financial stability

Qatar

Qatar wealth fund hires ex-JPMorgan exec Niall Byrne as CFO

Byrne, who has nearly 30 years’ experience in the finance industry, joined QIA this month

Meta

Meta fined $277m for leak of half a billion users

The Irish Data Protection Commission levied the fine following a probe that found the social-media company had failed to apply strict safeguards

OPEC+ seen considering deeper output cuts as oil market falters

Global markets are by some measures tight, with inventories in developed nations at the lowest since 2004

EasyJet

EasyJet, Rolls-Royce test jet engine running on hydrogen fuel

The test was conducted with a converted Rolls-Royce AE 2100-A regional jet engine using hydrogen created by wind and tidal power

ESG

Why tools that aid reporting hold the key to ESG success

Digital tools that can aid sustainability reporting are as important as any other weapon in businesses’ digital transformation armouries

AWS

Amazon’s new chip moves AWS into high-performance computing

Amazon says making its own chips will give customers more cost-effective computing power than they could get by renting time on processors

SwissBorg

Europe’s cryptocurrency investment app SwissBorg enters the UAE

The application is said to provide a welcoming environment for first-time crypto investors, offering a wide range of services for novice to advanced users

Uber

Uber appoints new general manager to lead business across the UAE and Levant

Pia El Hachem will be leading Uber’s strategy, operations, policy and business development, while overseeing the company’s end-to-end business

MENA customers doubled their spending on White Friday, reveals survey

According to Admitad, shoppers in the MENA region increased their orders by 135% and their spending by 94% during the sale week compared to the ‘usual’ period

ADNOC awards $4bn agreements for integrated drilling fluids services

UAE plans global energy push with Adnoc’s $150bn spending

Adnoc will also accelerate its target for raising crude output capacity to 5 million barrels a day by 2027

Technology

A new race to develop bite-sized carbon capture technology

Carbon capture technology operates a bit like a giant vacuum, sucking planet-warming CO₂ from emissions generated by the burning of carbon-intensive fuels

Informa

Informa, SAFCSP form JV to build global events portfolio in Saudi Arabia

By providing market access, stimulating inbound investment and generating international trade, events can contribute to delivering significant economic stimulus to a country

Aldar and Nobu partner

Aldar, Nobu Hospitality to bring region’s first Nobu branded residences, hotel to Saadiyat Island

The agreement will see Aldar develop a five-star hotel, featuring 165 luxurious guest rooms and suites, including the rooftop Nobu Villa

Abu Dhabi Airport q3 passenger traffic touched 4.7mn

Abu Dhabi Airports serves 4.7 million passengers in Q3 2022

Abu Dhabi Airports expects to close 2022 with over 15 million passengers

Saudi Arabia

Saudi Crown Prince announces masterplan for new airport in Riyadh

The airport is expected to accommodate up to 185 million passengers and process 3.5 million tons of cargo by 2050

Kuwait exports first shipment of jet fuel from new Zour refinery

The first cargo is currently being shipped aboard the Pacific Sarah tanker