Mark Napier VP Director DWTC

Insights: How food producers can leverage sustainability-linked financing

The global food production industry is increasingly turning to green financing as a way of mitigating its impact on the planet

WhatsApp can officially hide online status, announces rollout of Communities

WhatsApp allows users to hide ‘online status’, announces new ‘Communities’ feature

Users can choose to hide their last seen online status from all contacts, unknown numbers or specific contacts

Mubadala Health and Mumtalakat explore potential JV

Mubadala Health, Mumtalakat consider JV to set up long-term care facility

The potential joint venture aims to to set up a long-term care and post-acute rehabilitation facility in Bahrain that will be operated by Amana Healthcare

Riyadh to host global fintech experts, aims to become truly digital

Riyadh to host World Fintech Show, aims to spur financial innovation

The event aims to connect global fintech innovators with enterprises, investors, policymakers, government authorities and collaborators

Careem introduces inter-city rides from Saudi to Qatar

Careem introduces inter-city rides from Saudi to Qatar for FIFA World Cup

City-to-city rides are available to those attending multiple matches

ADIPEC 2022 concludes, event attended by 15,000 industry professionals

Held under the theme of ‘The future of energy: secure, affordable and sustainable’, ADIPEC brought together global leaders to discuss critical issues around energy security and sustainability

Saqr Ereiqat, Crypto Oasis

Interview: Saqr Ereiqat, co-founder at Crypto Oasis

How ready is the Middle East region to adopt blockchain and Web3? Ereiqat explains…

DP World partners with Lin-Gang Special Area to develop Chinese trade zone

The Lin-Gang Special Area offers some of the most innovative and forward-looking business policies for both Chinese and international companies beyond normal free zones offerings

AD Ports Group acquires 80% stake in Global Feeder Shipping

AD Ports Group acquires 80% stake in Global Feeder Shipping

The transaction is expected to close in Q1 2023 subject to regulatory approvals,

Investcorp, Fung Capital to start $500m Greater Bay fund

The fund will mainly focus on buyouts of firms in or close to the region that spans the Chinese cities of Hong Kong and Macau

Web3 Middle East

Web3: Transforming the Middle East business landscape

The ability for blockchain to be adopted at a national level is a huge opportunity for it to step into the spotlight as the rightful pioneer in the Web3 space

Mars

Everdome’s metaverse rocket launch to Mars announced

Everdome’s city on Mars is placed in Jezero Crater, a location chosen by NASA for its contemporary space missions

Awards

Winners revealed: GB Tech Awards 2022

The awards attracted the top technology brands highlighting strong vision, creative projects, dynamic leadership and solid regional presence

Oil drops as more rate hikes overshadow tightening fuel market

Oil has lost almost a third of its value since early June as concerns over a global economic slowdown filter through the market

CBUAE launches new website

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

Fugro Abu Dhabi Ports sign agreement

Fugro, AD Ports Group to create platform to implement remote and autonomous technology

The entities will jointly develop procedures for the use and implementation of unscrewed surface vessels, establishing a remote and autonomous testing site for these vessels

Abu Dhabi Airports to introduce biometric tech

Abu Dhabi Airports to launch advanced biometric technology

The phased roll-out has begun with US flights from Abu Dhabi, offering facial recognition facility and an end to multiple passport and boarding pass checks

Adnoc

ADNOC, Siemens Energy to co-develop blockchain-based low-CO2 energy certificates

Other areas under joint development include electrification and Power-to-X technologies to produce green hydrogen and its derivatives

ADNOC awards $4bn agreements for integrated drilling fluids services

ADNOC awards $4bn agreements for integrated drilling fluids services

The agreements were awarded to ADNOC Drilling Company, Schlumberger Middle East and Halliburton Worldwide Limited Abu Dhabi

Empower

Dubai’s Empower increases IPO stake size from 10% to 15%

The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn

Metaverse

Why is the world moving towards the metaverse?

Studies have shown that the metaverse creates a higher level of understanding, faster learning and deeper personal relations

e& etisalat Q3 2022-profits

UAE telco e& sees net profit rise 1.9% to Dhs2.5bn for Q3 2022

The number of etisalat by e& subscribers in the UAE reached 13.3 million in Q3 2022, representing an increase of 11 per cent over the same period last year

UAE national hydrogen strategy_e1656913222328

UAE completes first phase of National Hydrogen Strategy

The UAE has launched seven strategic hydrogen production projects and is expected to produce 14 to 22 million tonnes annually by 2050

UAE - US sign strategic partnership to accelerate investement in clean energy, boost climate action_ photo courtesy WAM

UAE, US sign partnership to advance climate action goals, boost renewable energies

The two nations will collaborate to advance their net-zero goals and provide funding for sustainable energy projects in emerging economies

Dubai telecom operator Du posts $87m net profit

UAE’s du reports 12.7% rise in net profit for Q3 2022

The increase in service revenues lifted the gross margin to 65.2 per cent compared to 62.2 per cent in Q3 2021

Diego Wuergler, Head Investment Advisory, Bank Julius Baer

Insights: When’s it the right time to invest?

Here are key tips to help you make the decision

LuLu opens new Hypermarket in Saudi Arabia's Saihat

Lulu opens new hypermarket in Saudi Arabia’s Saihat

Between 2020 and 2023, Lulu Group is planning to open 91 hypermarkets as part of its $2.9bn investment in its retail network

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco makes second highest profit on surging oil prices

Aramco’s net income was $41.6bn in the third quarter, slightly above analysts’ expectations

Saudi’s KHC, Prince Alwaleed’s private office are Twitter’s second largest investor after Elon Musk

Elon Musk has also said that Twitter’s verification process is ‘being revamped right now’

Dubai retains FDI top spot

Dubai retains position as world’s top FDI destination in H1 2022

Dubai witnessed FDI inflows of Dhs13.72bn in H1 2022, reflecting a growth of 14.6 per cent compared to the same period last year