selfdrive

How Selfdrive is rethinking on-demand mobility

Soham Shah, founder and CEO of Selfdrive, the smart mobility app, tells Gulf Business about introducing the UAE’s first ‘drive a new car every year’ programme

Open Platform

Open platform: The idea of digital ecosystems

The idea of digital ecosystem is to create an environment around a single, core banking platform, so that customers can be offered value added services in the most user-friendly

First Abu Dhabi Bank reports 19% rise in nine-month net profit

The bank’s total income for the first nine months of the year stood at Dhs18bn, up 13 per cent year-on-year over the previous year

ADIB reports highest quarterly net profit for Q3 2022

ADIB reports highest quarterly net profit for Q3 2022, crossing Dhs1bn

The bank registered Dhs2.45bn in net profit for the first nine months of 2022

Saudi Arabia sets up carbon market firm to support net-zero goal

The Public Investment Fund said it started the Regional Voluntary Carbon Market Company with Saudi Tadawul Group

Saudi Stock Exchange CEO Sees Strong IPO Pipeline in Busy Year

Saudi stock exchange CEO sees strong IPO pipeline in busy year

The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales

Qatar Airways

Qatar Airways signs SAF agreement with Gevo

The airline will be uplifting 5 million US gallons of neat SAF every year and will blend it with its existing supply of conventional jet fuel

mashreq posts q3 2022 results

UAE’s Mashreq bank posts net profit of Dhs2.6bn for Q3 2022

The bank’s operating income increased by 24.3 per cent over the previous year to Dhs5.3bn

Mastercard BitOasis crypto-linked card

Mastercard, BitOasis to launch crypto-linked cards in MENA region

BitOasis customers will be able to link their crypto wallet balances to physical or virtual cards and make fiat payments across 90 million global locations using their BitOasis Mastercard Crypto Card

Saudi Arabia signs 6 MoUs courtesy Saudi Press Agency

Saudi Arabia signs six MoUs on opening day of 6th Future Investment Initiative

The agreements will support the efforts and objectives of the Ministry of Investment to attract investments, enable sectors to grow and facilitate access to investment opportunities

oil imports

Abu Dhabi’s Al Seer Marine acquires third VLCC valued at Dhs396m

The strategic acquisition of VLCC Acrux has increased Al Seer Marine’s fleet value to more than Dhs1.2bn

nol card monorail rta

Dubai’s RTA activates nol card to pay fares for The Palm Monorail rides

Residents, visitors and tourists can now use nol gold, silver or blue cards to pay for their daily journeys on The Palm Monorail

IHC tech investments

Abu Dhabi’s IHC increases tech deals by 100% over last year, aims to launch tech holding arm

International Holding Company’s technology deals crossed Dhs1bn in value in the first 10 months of the year

Abu Dhabi signs Milan Urban food policy pact

Abu Dhabi signs Milan Urban Food Policy Pact, commits to reducing food waste

The pact includes recommendations and actions that support the production and distribution of sustainable food systems and supply networks

Pulse Music

How Pulse Music is reinventing the music industry with blockchain

Pulse Music co-founder and CEO Mehdi Cherif explains his aim to provide quality content across all platforms while maintaining enthusiasm through constant innovation

Achieving net zero will require the full might of the banking sector

Banks are already facilitating private sector engagement in net zero, and this will deepen in the coming years

Risk Sunak appointed UK’s Prime Minister; world leaders welcome new premier

Sunak takes the reins after Liz Truss resigned last week

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Autodesk

Autodesk, Epic Games partner to deliver real-time, immersive design capabilities to customers

This joint effort aims to make immersive real-time environments easily accessible to designers, engineers and construction professionals, so they can deliver more projects in less time

autonomous Data

Autonomous data management: A golden future for data

When autonomous data management takes over, artificial intelligence can enable proactive decision making and policy application at a much more granular level

Dubai Islamic Bank

Dubai Islamic Bank posts 34% rise in group net profit for Q1-Q3 2022

The bank reported total income of Dhs9.873bn, rising 10 per cent year-on-year, compared to Dhs8.94bn last year

Global cybersecurity Forum

HPDC, BRF announce JV to spur halal poultry production in Saudi Arabia

The joint venture will increase local capabilities in halal food production and help develop Saudi Arabia’s poultry sector value chain

Abu Dhabi's ADCB reports 22% rise in net profit for first nine months of 2022

Abu Dhabi’s ADCB reports 22% rise in net profit for first nine months of 2022

The bank posted a 10 per cent rise in net interest income, totalling Dhs7.275bn

Saudi Telecom

Saudi’s PIF offers to buy stake in $5.8bn STC towers unit

The PIF made a non-binding offer to Saudi Telecom Co. for 51 per cent of Telecommunications Towers Company

DMCC Logis agreement

Dubai’s DMCC, Panama’s Logis sign agreement to collaborate, share expertise

The free zones will share market insights, analysis, and forecasts to support the development of commodities trading

DIFC GEFI

DIFC, Global Ethical Finance Initiative join hands to support COP28 agenda

As the host financial centre for GEFI’s Path to COP28 programme, DIFC will support a series of report launches, roundtables and community engagements during the next 12 months

Abu Dhabi Global Market

Aliph Capital secures $125m investment from Abu Dhabi’s ADQ

Aliph Capital will seek to acquire sizeable positions in privately owned mid-market companies across the GCC

JPMorgan set to hire 20 more bankers in Saudi Arabia expansion

JPMorgan set to hire 20 more bankers in Saudi Arabia expansion

The US bank will have doubled the size of its Saudi operations by the end of the year, compared to 2016

BMW

BMW Group, AWS partner to develop new cloud technologies

The collaboration will focus on cloud-based infrastructure for BMW’s vehicle data processing and provision

Saudi Arabia’s PIF launches company to develop halal production industry

The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals