ADNOC's offshore operations

ADNOC, India’s Gail sign MoU to explore LNG supply opportunities

Both companies will examine short and longer term LNG supply and trading optimisation opportunities

OPEC+

OPEC says supply surplus was main reason for oil production cut

On October 5, the Organization of Petroleum Exporting Countries and its partners announced they would lower their output targets from November

Middle East KFC operator set for Abu Dhabi, Riyadh dual listing

Americana Restaurants International received approval to sell a 30 per cent stake, or 2.53 billion shares

AirArabia-Abu-Dhabi

Air Arabia Abu Dhabi marks first flight to Kuwait

Air Arabia Abu Dhabi now operates 28 direct routes from the capital

UAE raises fuel prices for November 2022

The price of Super 98 has been increased to Dhs3.32 per litre

Somaroy Gabbita, Human Logic

Here’s how corporate upskilling benefits the workforce

E-learning gained higher acceptance and adoption during the pandemic, making it a trusted channel of learning says Somaroy Gabbita, general manager at Human Logic

UAE's finance ministry amends some provisions of VAT law

UAE’s finance ministry amends some provisions of VAT law

The amendments were based on past experiences, challenges faced by various business sectors and recommendations received from relevant parties

UAE education provider Taaleem plans to raise $204m from IPO

Taaleem shares are expected to start trading on or around November 29, 2022

Wizz air

Wizz Air Abu Dhabi commences first flight to Kuwait

The new route will strengthen connectivity within the GCC

metaverse

Top 6 trends that will drive the impact of the metaverse on the virtual and real world

The metaverse is still in its infancy and despite the revolutionary concept, it is a turning point with limitless opportunities for making money, networking and brand growth

Red Date Technology

Interview: Yifan He, chief executive officer at Red Date Technology

Increasing digitisation, the global pandemic and decline in cash usage have contributed to the growing interest in central bank digital currencies

ConocoPhillips wins stake in QatarEnergy’s NFS expansion project

ConocoPhillips will take a 6.25 per cent stake in the project, out of a 25 per cent interest available for international partners

Saudi Arabia

Saudi net reserves surge near $449bn, highest since 2020

The stockpile grew by SAR36.8bn from the previous month in the biggest increase since June

Getty Images

Qatar in talks with TotalEnergies for stake in Lebanon gas block

The company is also in talks with the Lebanese government regarding the offshore gas block

Empower reports robust growth of 41.3%

Dubai seeks to raise $362m from district cooling firm IPO

Empower will start taking investor orders for the IPO from Monday, with final pricing scheduled for November 9

Artificial intelligence

Insights: The role of artificial intelligence and blockchain in Web3

Artificial intelligence brings value to organisations to better understand their customers, and monetise interactions in the virtual world

Aldar announces record sales for period ending Sept 30, 2022

Aldar’s development sales reach Dhs9.3bn in first nine months of 2022

The group announced a net profit of Dhs2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth

Saudi Arabia announces 5 mining exploration opportunities

Saudi Arabia announces five new mining exploration opportunities

The kingdom is looking to leverage an estimated $1.3tn worth of vastly underexplored metals and minerals to support its sustainable development goals and the clean energy transition

Amanat buys 60% stake in HDC

UAE’s Amanat acquires 60% stake in Human Development Company for Dhs215.3m

Based in Saudia Arabia, Human Development Company provides educational, medical and rehabilitation services

Dar Al Arkan_3d printed villa

Saudi Arabia’s Dar Al Arkan completes first 3D printed villa at Shams Al Riyadh

Unlike traditional home-building methods, 3DCP cuts the construction time by more than half, is more flexible and requires less manpower since it takes only three workers to build one house

metaverse

Chief metaverse officers: What do they do all day?

Chief metaverse officers first appeared at video-game makers, where immersion in a digital universe is central to the products

Museum of the Future's rise as one of Dubai's top tourist attractions

Museum of the Future’s rise as one of Dubai’s top tourist attractions

Majed Al Mansoori, deputy executive director of Museum of the Future tells us how this architectural marvel is a significant boon to Dubai’s cultural and tourism economy

Hub71 launches Tech Barza an exclusive capital club for regional family offices

Hub71 launches capital club for family offices in Abu Dhabi

The ‘Tech Barza’ platform will encourage more family office participation to tap investment opportunities among high-growth tech companies in Abu Dhabi

sharjah taxi announces it has converted 65 per cent of fleet to hybrid vehicles

Sharjah Taxi aims to increase hybrid vehicle fleet

Sharjah Taxi is aiming to convert about 60 per cent of its fleet operating at Sharjah International Airport and in Sharjah City to eco-friendly hybrid vehicles by the end of the year

Crypto

Is the crypto crisis good for the system?

Top-down macroeconomic and bottom-up crypto-specific headwinds have been blowing strongly for digital assets resulting in the biggest ever drawdown

Internet

Navigating the new, bold era of 3D Internet

As the technology matures, the metaverse will become a seamless extention of our physical world, giving us new methods to carry out all of our daily activities

Abu Dhabi Airports

Abu Dhabi Airports unveils new brand identity

The new corporate identity underpins future growth plans for the airports operator

Dubai’s DFSA signs MoU with Bangladesh Securities and Exchange Commission

The agreement provides a framework for facilitating cross-border collaboration between the two authorities on supervision and enforcement actions

TECOM Group Dubai-Internet-City-7

Tecom group’s net profit for first nine months rises by 51% to Dhs639m

Occupancy levels for its commercial and industrial assets were 83.5 per cent, registering the third sequential growth and a significant increase from the previous year

How do you choose the right trading platform and app in Middle East?

Choosing the right broker to trade with can be a daunting task. Here, we list the most important criteria and sources to follow in order to make an informed decision