Mubadala, G42 form integrated company

Mubadala Health, G42 Healthcare partner to create integrated entity

Hasan Jasem Al Nowais has been appointed CEO of the new entity and will also continue to lead Mubadala Health

Texub

Texub to showcase its global B2B marketplace at Gitex Global

The company will also introduce its ‘DigiNomics’ programme, which offers training for sales personnel to specialise in digital sales

MContent appoints new chief of streaming for global content business

Brandon Fong will drive strategic partnerships with content creators and drive Web3 integration across all product verticals

Hub71

Abu Dhabi’s Hub71 appoints new deputy CEO

Ahmad Ali Alwan has been a founding member of Hub71 since 2019

Facebook asks users for more help improving its algorithms

Users will soon see “show more” and “show less” buttons on posts that appear in their feed

aramex

Aramex completes first drone delivery in Oman

The company plans to expand its drone delivery testing across the Middle East region

Bitcoin rally loses momentum as expectations for Fed shift eases

Bitcoin, the largest digital coin by market value, dipped as much as 2.9 per cent on Wednesday

Saudi’s Seera Group to operate inbound charter flights to the kingdom

Flights will operate from November 2022 through to March 2023

OPEC+ tries to keep oil above $90 with large production cut

It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020

Sheikh Mohamed

‘Dedicated teachers are the bedrock of our education system’, says UAE President

Sheikh Mohamed bin Zayed Al Nahyan said that during the next 20 years, education will determine the extent to which countries advance in terms of development and civilisation

Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah reappointed as Kuwait’s Prime Minister

The premier has been assigned to nominate members of the new cabinet

RAK Energy Summit

RAK Energy Summit concludes with focus on future of sustainable energy

RAK Energy Summit saw participation of UAE Ministry of Climate Change and Environment, IRENA, UN Industrial Development Organization

Kuwait Airways

Kuwait Airways launches service to Kuala Lumpur

The first flight to the Malaysian capital took off on October 2

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi operates first flight to the Maldives

The route will be operated four times per week in October, increasing to six times per week in November and operating daily from December

STC to spend $1bn to make Saudi Arabia a regional data hub

STC is expanding into a range of services beyond its core telephone network business

Aramco says global oil spare buffers to slump when China reopens

Analysts say there’s only about 2 million barrels a day of capacity that could be brought online quickly should there be a supply shutdowns

Emirates announces changes to commercial teams

Dubai’s Emirates announces changes to commercial team across Middle East, Europe, other regions

The new appointments will be effective from November 1

Arada_Aljada project in Sharjah

Arada awards two building contracts valued at Dhs454m in Sharjah’s Aljada project

The company said it has completed almost 1,500 homes at Aljada, including all 14 apartment blocks and a garden villa community in the first residential phase of the community

EDGE Group Chairman BOD Faisal Al Bannai

EDGE Group rebrands DIGITAL14 as KATIM

The company offers cross-platform products and solutions with end-to-end encryption of voice, video and data, through reliable and dedicated networks

ecommerce_Dubai Chamber of Commerce study

UAE e-commerce market expected to touch $9.2bn by 2026: Dubai Chamber of Commerce

Total e-commerce sales in the UAE recorded remarkable growth in 2021, reaching $4.8bn during the year

Aviation-programme Abu Dhabi Airports Abu Dhabi University_e1561968486666

Abu Dhabi Airports, Abu Dhabi University to support aviation talent

The agreement will see Abu Dhabi Airports provide employment opportunities and internships to Abu Dhabi University’s alumni over the course of three years

MedCare and Skin111 sign acquisition agreement

Healthcare provider Medcare acquires 60% stake in Skin111 Clinics

This acquisition will boost Medcare’s plans to emerge as an international hub for health, beauty and wellness, adding to its existing network of four hospitals and over 20 medical centres in the UAE

Mashreq, Anghami sign strategic partnership

Mashreq, Anghami announce regional strategic partnership

The partnership will see Anghami produce an exclusive podcast for Mashreq’s Brand Campaign “Rise Everyday” and offer the bank’s customers access to its content catalogue

Tesla shares give up gains on renewed prospect of Musk buying Twitter

Tesla’s shares pared gains of as much as 6.2 per cent, briefly turning negative before rebounding slightly

Saudi Arabia wins bid to host 2029 Asian Winter Games in Neom's Trojena

Saudi Arabia to host 2029 Asian Winter Games at NEOM’s Trojena

The announcement was made at the General Assembly meeting of the Olympic Council of Asia held in Cambodia

Saudi Arabia

IMF to establish regional office in Riyadh

The fund’s managing director said that the office will ‘spearhead engagement with regional institutions and strengthen relationships with country authorities’.

Commvault

Commvault to showcase data security and protection solutions at Gitex Global

The company’s cyber deception services, metallic cloud storage service and its HyperScale X appliance are said to offer security with single pane of glass management through its Command Center

Saudi Crown Prince launches new company to develop downtown areas in 12 cities

Saudi Crown Prince launches company to develop downtown areas in 12 cities

Projects will be developed in the cities of Al-Madinah, Al-Khobar, Al-Ahsa, Buraidah, Najran, Jizan, Hail, Al-Baha, Arar, Taif, Dumat Al-Jandal, and Tabuk

Oil steadies after rally as market counts down to OPEC+ meeting

Oil slumped 25 per cent last quarter as central banks including the Federal Reserve raised rates aggressively to combat runaway inflation

Safeen group Amaan Baghdad Co sign agreement

Safeen Group, Amaan Baghdad Company sign fuel oil transport and storage agreement

Safeen Feeders, a subsidiary of Safeen Group, will manage the entire project, providing three very large crude carriers and one medium-range tanker