13th Gen Intel Core processor

Intel launches 13th Gen Core processors

The 13th Gen Intel Core desktop ‘K’ processors and the Intel Z790 chipset will be available starting October 20, 2022

Alteia

French enterprise AI platform Alteia closes its latest funding round led by Wa’ed Ventures

The company will increase its presence in Saudi Arabia by opening an office in Dhahran to develop industrial vision-based solutions

CEPA agreement

UAE, Georgia begin talks on comprehensive economic partnership agreement

The agreement aims to drive economic growth in the two countries

Syed Basar Shueb, CEO Off IHC

Abu Dhabi-based IHC acquires majority stake in Emircom for Dhs250m to expand digital portfolio

Headquartered in Abu Dhabi, Emircom has a wide customer base that includes government organisations, educational institutes, finance houses and healthcare organisations

Swimlane

Cybersecurity firm Swimlane expands into META, appoints Ashraf Sheet to head regional operations

The company’s expansion comes following a recently announced $70m growth funding round led by Activate Capital

Tourism airport

Emirates, Etihad Airways and flydubai scrap masks rules on flights to UAE

Earlier this week, the National Emergency Crisis and Disaster Management Authority eased Covid-19-related restrictions across the UAE

Saudi Crown Prince

Saudi Crown Prince Mohammed bin Salman named Prime Minister

The directive comes as part of a cabinet reshuffle

Safeen Feeders, Invictus

AD Ports’ Safeen Feeders, Invictus Investment to form JV, launch dry bulk shipping service

The two companies are expected to initially commit approximately Dhs463m for the investment into five ships

Chaloub Threads Styling

Chalhoub Group acquires majority stake in London-based digital luxury retailer Threads Styling

Founded by Sophie Hill, Threads Styling offers a social-first personal shopping service through social platforms and chat-based commerce

Tabby, Paymob partner

Tabby, Paymob collaborate to boost growth among retailers in Egypt

Businesses across Paymob’s network will benefit from Tabby’s ‘split into four’ interest and fee-free payment solution via Paymob’s gateway

Further Ventures to support startups

Further Ventures launches $200m fund, backed by Abu Dhabi’s ADQ  

Further will partner with entrepreneurs, as an institutional co-founder, to launch and grow new ventures from ideation to exit

ADGM's FSRA amends capital markets framework

ADGM’s FSRA amends capital markets framework to bolster investment activities

The changes, first proposed in March, received a significant and supportive response from the industry and wider stakeholders

Masdar, RWE Renewables partner to develop offshore wind projects across key markets

The partnership was announced following the signing of the Energy Security, Climate Action and Industry Accelerator Growth Pact between the UAE and Germany

Etihad rail concludes knowledge transfer programme with DB

Etihad Rail concludes knowledge transfer programme with Deutsche Bahn

The joint venture Etihad Rail DB has been responsible for the operations of stage one of the UAE National Rail Network since 2016

Scan & Go payment provider MishiPay launches in UAE

MishiPay launches in UAE, allows shoppers to scan and pay

The payment ecosystem commences its operations in the UAE by deploying its self-checkout technology across Virgin Megastore outlets

British Airways & Qatar Airways partnership

Qatar Airways, British Airways complete milestone partnership expansion

The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore and Sweden

XA Group

UAE’s XA Group rolls out blockchain-based solution to end impasse over claims recovery

Abu Dhabi National Insurance Company, Emirates Insurance Company, Yas Takaful and Oriental Insurance Company are among the first to adopt the solution in the UAE

IG Group appoints Sharaz Hussain to senior executive officer role

IG Group appoints Sharaz Hussain to senior executive officer role

Prior to that, he held senior finance executive positions at several institutions including ICAP, MF Global, Credit Suisse and JP Morgan

Flydubai begins direct service to Namangan

Flydubai begins direct service to Namangan

Namangan becomes the carrier’s third point in Uzbekistan in addition to Samarkand and Tashkent

sustainable waste management in Egypt

Sharjah’s BEEAH Group, Green Planet partner to advance sustainable waste management in Egypt

The two entities will implement waste management strategies that align with Egypt’s sustainability agenda

Sayed Hashish

Cisco appoints Sayed Hashish as VP of customer experience for the Middle East and Africa

Hashish will help shape Cisco’s strategic CX direction, with a strong focus on leveraging technology to support digitisation, innovation and social inclusion

Gitex Global 2022

Dubai: Gitex Global 2022 to kick off next month

The 42nd edition of the event will take place from October 10-14 at DWTC,  hosting over 4,500 companies and over 100,000 attendees from 170 countries

asteroid

NASA craft rams distant asteroid in test of Earth’s defense

NASA launched its DART spacecraft in November of 2021 with the express purpose of colliding with an asteroid about the size of a football stadium at 14,000 miles per hour

agility

Kuwait’s Agility Ventures invests in India’s e-commerce platform Shiprocket

The investment was part of Agility’s strategy to expand across digital logistics and e-commerce in high-growth markets

WETEX and Dubai Solar Show support UAE's Net Zero 2050 Strategy

WETEX and Dubai Solar Show begin, supports UAE’s Net Zero 2050 Strategy

The exhibition is an integrated platform for organisations in the water, energy and environment sectors to learn about the latest technologies, solutions and developments

Oil holds near lowest since January with demand outlook dimming

West Texas Intermediate was steady below $77 a barrel after sinking more than 8 per cent over the previous two sessions

Uber has new safety feature update

Uber launches app update to ensure safety of riders

Riders will be encouraged to turn on Trusted Contacts, PIN Verification as well as enable RideCheck when they open the app

Dubai Chambers, DLD to enhance transparency in rental market, boost investment environment

The MoU signed by the entities will allow business councils and groups under Dubai Chambers to own and rent real estate and offices in the emirate

Indian exports to UAE rise five times since CEPA

Indian exports to UAE rise 14% YoY post CEPA

Indian exports to the UAE, excluding petroleum products, grew from $5.17bn from June to August last year to $5.92bn from June to August this year

amana_CEO_Muhammad Rasoul

Neo broker amana launches trading app, offers access to regional and global markets

The platform offers stocks, commodities, ETFs, currencies and crypto among other assets through the app