Binance

How Binance and FTX sent shockwaves through the crypto world

Binance Holdings is now set to acquire FTX.com in what would be a radical consolidation of power in the crypto world

Investcorp plans major ramp up of India assets to $5bn

The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn

Agthia

UAE’s Agthia Group reports 14% rise in net profit for Q3 2022

The group’s total assets stood at Dhs6.6bn as of September 30, 2022

AD Ports Al Fanar Gas Group

AD Ports Group, Al Fanar Gas Group to create JV to offer industrial services

The partnership will initially focus on managing selected utilities networks, spare parts management and improved customer offerings

IHC announces profits for nine month period

Abu Dhabi-based IHC reports 236 per cent rise in profit for first nine months

Continued momentum in direct and indirect acquisitions were the main drivers behind the growth rate over the previous year’s quarter, with IHC’s total assets increasing to Dhs198.8bn

Mubadala Health Dubai, Jumeirah 1

Mubadala Health opens multi-specialty day surgery and outpatient clinic in Dubai

The state-of-the-art facility includes 96 consultation rooms, four operating rooms and two endoscopy suites, among other offerings

OPEC+ cuts that steadied market now bring risk of $100 crude

OPEC+ cuts that steadied market now bring risk of $100 crude

Brent rose to a two-month high of $99.56 a barrel on Monday, before paring gains

DCT Abu Dhbai Hotelbeds tie up

DCT Abu Dhabi, Hotelbeds partner to promote Abu Dhabi in key markets

The strategic partnership will increase awareness of the emirate among Hotelbeds’ network of travel agents and partners

oro24 ATIF Rehman

Cover story: ORO24 Developments’ Atif Rahman talks about building on big dreams

The founder and chairman of the UAE-based real estate firm tells Gulf Business why curating a people-centric business is key to success and why he is passionate about developing communities

Apple

Apple cuts outlook for iPhone shipments on China lockdowns

The company sees strong demand for the iPhone 14 models but the lockdowns mean customers will experience longer wait times to receive their new products

Saudi’s Seera Group reports $8m in operating profit for Q3 2022

Seera’s travel platform, Almosafer, reported a 74 per cent rise in revenue, totalling SAR155m in the third quarter of 2022

EX Sports and Gumball to host free supercar and street football event in Dubai

EX-Sports and Gumball to host supercar and street football event in Dubai

The one-day festival will be held on November 12 at Emaar Burj Park

Saudi Arabia commits $2.5 bn for Middle East Green Initiative

Saudi Arabia commits $2.5bn for Middle East Green Initiative

The Middle East Green Initiative was launched by the Crown Prince last year as part of efforts to reduce regional carbon emissions

Swftbox

SoftConstruct opens NFT stores in Dubai

The stores will supply limited edition offers and other merchandise by the artists in Dubai Mall and Mall of the Emirates

swftbox

UAE’s swftbox closes $2m fundraise to build AI-powered delivery platform

The Abu Dhabi-based Hub71 company will continue to scale its services across the region, working with e-commerce retailers and courier companies to enhance the delivery experience

Talabat launches first quick-commerce-as-a-service (Q-CAAS) store

Talabat launches first quick-commerce-as-a-service (Q-CAAS) store

This came after a six-month trial was successfully completed in partnership with Aswaaq retail

Kuwait

Kuwait commits to reach carbon neutrality in oil and gas by 2050

Kuwaiti foreign minister Sheikh Salem Abdullah Al-Jaber Al-Sabah said that the country executed many projects to preserve the environment and reduce emissions

Finastra's Nour Sabri on baas in Saudi Arabia

Insights: How BaaS can transform consumer financing in Saudi Arabia

While securing a bank loan that suits individual needs can be time-consuming and often unsuccessful, banking as a service may be the solution

What happens after warming hits 1.5C? A guide to climate overshoot

What happens after warming hits 1.5C? A guide to climate overshoot

Prompted by the Paris Agreement, scientists in 2018 published a major report finding that an additional half-degree Celsius of warming considerably upped the odds of harsher climate impacts

Nakheel

Dubai’s Nakheel secures financing worth $4.6bn to drive growth

The funding will be deployed to develop Dubai Islands and other waterfront projects

Dubai's Emirates purchases 5 Boeing 777 freighters

Dubai’s Emirates buys 5 Boeing 777 freighters

The agreement, worth over $ 1.7bn at list prices, takes the airline’s order book to 200 wide-body aircraft

Air Arabia

Air Arabia launches flights to three cities in Russia

Air Arabia operates the Airbus A320 and A321 neo-LR aircraft

Abu Dhabi Airports Groupe ADP sign MoU

Abu Dhabi Airports, Groupe ADP ink MoU to explore advanced air mobility solutions

The French company will be supporting Abu Dhabi Airports in laying the ground for electric vertical take-off and landing aircraft to transport people and cargo

Masdar Infinity PV plant fully operational

Egypt’s Infinity, Masdar PV plant fully operational, will power COP27

Infinity Power’s 6 MWp solar photovoltaic plant can provide enough electricity to power more than 5,000 homes a year

DP World to invest$500m towards reducing co2 emissions

DP World to invest $500m over five years to reduce carbon emissions

DP World’s plans include replacing its global fleet of assets from diesel to electric, investing in renewable power and exploring alternative fuels

renewable energy stocks pexels-pixabay-356036-800x526-1

What you need to know about investing in renewable energy stocks

Investing in green stocks can be a great way to protect your portfolio from market volatility

flydubai

Flydubai to add six destinations to network

The new routes will see the airline’s network expand to 113 destinations in 53 countries

Hub71

Hub71, Yahsat partner to advance UAE’s mobile satellite capabilities

Hub71 startup, Mental VR, secures first contract resulting from new partnership to support Yahsat with remote learning

cybersecurity

Insights: Bridging the gaps in cybersecurity with cyber resilience

Organisations must internally promote cyber resilience, a crucial component of cybersecurity today

Air Arabia Egypt launches service to Marseille

Air Arabia Egypt to launch new service between Cairo and Marseille

The service will commence from December 16