Borouge

Abu Dhabi’s Borouge reports 13.5% rise in nine-month revenue

The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant

HP LaserJet Tank printer

HP LaserJet Tank printer for small businesses and home offices

Here’s how the HP LaserJet Tank Printer Series can make a difference to your business

Here’s how 3D printing is revolutionising healthcare

With patient specific 3D solutions, clinicians can plan personalised treatment, with access to a 3D visualisation of an individual’s anatomy

Habib Bank AG Zurich opens branch in DIFC to expand footprint

Habib Bank AG Zurich opens branch in DIFC to expand footprint

The new branch will offer clients a Swiss platform, with a focus on wealth preservation and legacy planning

Musk completes $44bn Twitter deal

Shareholders will be paid $54.20 per share, and Twitter will now operate as a private company

NFTs

NFTs beyond art: How will it transform other industries?

When people think of NFTs, they associate them with art both physical and digital, but there’s more to them

UAE and Austria sign energy partnership

UAE and Austria sign energy partnership

The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen

Oil heads for weekly advance as dollar eases, US exports boom

Crude is on course to gain in October following a run of four monthly declines

Crypto

Bitcoin breakout stalls with daily trading volume also tumbling

Cryptocurrencies, like other riskier investments, have been suffering in a tighter-monetary-policy environment

Dubai Financial Market Company

Dubai Financial Market Company posts 133% rise in net profit for nine-month period

The company’s total revenue reached Dhs237.8m during the first nine months of the year

First Etihad Airways flight using SAF departs Tokyo

Flight EY871 departed Tokyo Narita airport at 3pm on Thursday, October 27

Saudi finance chief says economy more resilient to global shocks

The kingdom has its lowest unemployment rate in two decades and has managed to keep inflation at 3 per cent

Saudia to purchase 100 electric jets in sustainability push

Saudia to purchase 100 electric jets in sustainability push

With zero operating emissions, the Lilium jets will enable sustainable and time-saving travel

Samsung

Samsung heir Lee formally takes helm of technology empire

The board approved the 54-year-old’s ascension to the helm of the $250bn company on Thursday

Apple will comply with iPhone USB-C charger law, executive says

Apple has already moved its Macs, many iPads and accessories to USB-C from Lightning and other connectors

Crypto

Blockchain to disrupt business models, transform the future – report

The inaugural edition of the Crypto Oasis Ecosystem Report 2022 highlights the confluence of blockchain activities in the UAE and the progress of its key players

Emirates NBD

Emirates NBD reports 25% rise in net profit for first nine months of 2022

The lender posted total income of Dhs22.7bn, rising 31 per cent year-on-year

Credit Suisse

Credit Suisse to raise $4bn to fund a sweeping overhaul

The plan includes carving out Credit Suisse’s advisory and leveraged finance business into a separate unit renamed Credit Suisse First Boston

Meta gives tepid revenue forecast as ad weakness persists

In the third quarter, Meta posted revenue of $27.7bn, slightly beating analysts’ average estimate for $27.4bn

National Bank of Fujairah posts 155.1% rise in nine-month net profit

National Bank of Fujairah posts 155.1% rise in nine-month net profit

The lender posted an operating profit of Dhs932.5m for the first nine months of the year, marking a 25.1 per cent rise compared to the previous year

Aramco launches sustainability fund

Aramco to set up $1.5bn sustainability fund

The fund will be managed by Aramco Ventures, the venture capital arm of the oil giant

FTA to enable digital payments through Magnati

UAE Federal Tax Authority to discontinue eDirham system for tax payment

The eDirham system will be replaced with Magnati, the smart payment option from First Abu Dhabi Bank

Global cybersecurity Forum

Saudi Telecom doubles down on Ex-Google executive’s tech firm

Interest in the technology industry in the Middle East has increased the past few years as governments seek to diversify their economies

Qatar

Qatar scraps Covid-19 test requirements for inbound visitors ahead of World Cup

Visitors are no longer required to present a negative Covid-19 PCR or Rapid Antigen Test result before travelling to Qatar

Emirates NBD announced 6th edition of annual Unity Run

Emirates NBD announces sixth edition of annual Unity Run

UAE’s leading community run for inclusion of people of determination will take place on Saturday, November 19 in Dubai Design District

Saudi's PIF to establish 5 companies to pursue investments

Saudi’s PIF to establish five companies to pursue investments in Bahrain, Oman, other countries

The announcement follows the launch of the Saudi Egyptian Investment Company in August

Former Abraaj COO reaches settlement with Dubai’s DFSA

Former Abraaj COO reaches settlement with Dubai’s DFSA

Waqar Siddique has withdrawn his Financial Markets Tribunal review and will not contest the regulator’s findings

Akamai

How Akamai can help mitigate the API security vulnerabilities

An integral part of API security is the implementation of strategies and practices to reduce vulnerabilities and security threats

Oil slips as industry report points to jump in US stockpiles

Investors are concerned about slowing demand as central banks raise interest rates to curb inflation