UAE, Saudi Arabia non-oil foreign trade

UAE, Saudi Arabia non-oil foreign trade grows 92.5% over past decade

Saudi Arabia was the UAE’s fourth leading trading partner from 2012 to 2021, with trade exchange amounting to Dhs904.3bn

Fossil-fuel underinvestment is recipe for disaster, says Dr Sultan Al Jaber

A supply crunch has sent oil and natural gas prices soaring since the pandemic

IndiGo commences new direct flights between Mumbai and Ras Al Khaimah

Indian carrier IndiGo launches daily direct service between Mumbai and Ras Al Khaimah

Ras Al Khaimah is IndiGo’s 100th overall destination and 11th in its Middle East network

Air Arabia Sudan

UAE’s Air Arabia, DAL Group announce JV to launch airline in Sudan

Air Arabia Sudan will be based in Khartoum International Airport

AI driven software solutions

Saudi tech startup Elevatus raises $10.5m in Series A funding round

The funding round was co-led by venture capital firm Global Ventures and Wa’ed Ventures, the venture capital arm of Aramco

Etihad Rail signs MoUs

Etihad Rail signs MoUs with international railway companies

The agreements, signed at InnoTrans 2022 in Berlin, cover rail operations and maintenance, service facilities, passenger stations and cargo transportation

Abu Dhabi Ports Group CMA Terminals Khalifa Port

Construction of CMA Terminals Khalifa Port on track: AD Ports Group

Once ready, the new terminal will have an initial capacity of 1.8 million TEUs

Unit 3 of UAE’s Barakah nuclear energy plant starts up

Unit 3, once commercially operational, will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid

Chip

Insights: A new normal is dividing the global chip industry

Chipmakers that focus mainly on older technology for mainstream use are seeing a more dramatic slowdown

Qatar

Qatar suspends entry of visitors, excluding Hayya Card holders, during FIFA World Cup

The suspension will remain effective from November 1 until December 22

Smart Salem to provide swift medical screening for UAE residence visas

Smart Salem centre to provide swift medical test for UAE residency visa

The state-of-the-art facility will allow customers to obtain medical fitness results within 30 minutes

Aster Pharmacy and GD Assist

Aster Pharmacy, GD Assist to set up pharmacies in Bangladesh

GD Assist plans to open and operate a minimum of 25 stores located in high streets, communities and shopping malls in Bangladesh over a period of three years

Salik

Dubai toll operator Salik raises over $1bn from IPO

Salik is expected to commence trading on the Dubai Financial Market on September 29

MoIAT, Korean Agency for Technology and Standards

UAE’s MoIAT, Korean Agency for Technology and Standards partner to boost standardisation

The aim of the MoU is to enhance technical collaboration and knowledge exchanges in standardisation to facilitate bilateral trade

DBA 8th cohort 2022

Dubai Business Associates welcomes graduates from 17 countries as part of 8th cohort

The fully-funded programme employs an experiential and project-based learning approach supported by PwC’s Academy Middle East, CAPADEV and Bon Education

Veeam

Veeam to present modern data protection solutions at Gitex Global

The company will deliver live demonstrations of its platform for cloud, virtual, physical, software-as-a-service and Kubernetes environments

stocks

Tech stocks brace for more bleeding as Fed ratchets up rates

Technology and other growth stocks have been battered this year amid slowing economic growth and soaring interest rates

CBUAE raises interest rate as of September 22

CBUAE, Gulf central banks raise interest rates following US Fed rate hike

The US Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3 to 3.25 per cent on Wednesday

Qatar says talks with Germany on LNG contracts ongoing

Qatar is one of the world’s biggest exporters of liquefied natural gas

Emaar annual meeting

Emaar shareholders approve acquisition of Dubai Creek Harbour, sale of Namshi

A special resolution to remove the minimum contribution of UAE and GCC nationals in the company was also passed

CybelAngel

Digital risk protection platform CybelAngel expands to UAE and Saudi Arabia

The company’s regional director of Middle East and Turkey, Adnan Taha, will oversee its operations in the Middle East

Lookout

Lookout to exhibit data-centric cloud security portfolio at Gitex Global

The company will showcase how its security service edge technologies enable organisations to gain insight required to secure data

Tintra

Tintra secures fintech services licence to operate in Qatar

Tintra is using artificial intelligence and Web3 technologies to build a global, borderless banking infrastructure

Trellix

Trellix to showcase ‘Living Security’ XDR architecture at Gitex Global

The company will also exhibit demos on its endpoint, data security and professional services consulting

Oracle Abu Dhabi

Oracle boosts investment in Abu Dhabi with new innovation hub

The hub will act as a catalyst to inspire and empower creative ideas that will enable the digital future

Sheikh Hamdan launches robotics and automation programme for Dubai

As part of the programme, 200,000 robots will be provided over the next 10 years to increase productivity across various sectors

Epson

Epson to showcase sustainable, energy-efficient solutions at Gitex Global

The company’s solutions for the healthcare, retail, construction and education industries will take centre stage during the event

Danube

Danube launches My Dubai, My Home campaign

Danube Properties has joined hands with 11 social media influencers to deliver the message of why Dubai is an ideal destination to live and work in

Arab youth Survey

UAE chosen as ‘top country to live in’ by Arab youth for 11th consecutive year

For the 11th year running, UAE is the country most young Arabs want their own nation to emulate

Reno8

OPPO unveils latest Reno8 series, tablet and ear buds in UAE

The Reno8 Series is available to purchase from select retail partner stores across the GCC from September 23, 2022