Ellington Properties

Dubai-based Ellington Properties partners with Microsoft to support business growth

Microsoft’s property management solution minimises manual processes and human interference thereby ensuring enhanced service

Saudi IBM

Saudi govt authorities, IBM join forces to reduce kingdom’s emissions

IBM will work with SDAIA to identify high value applications of artificial intelligence and machine learning to solve challenges in public and private sector organisations

Global AI Summit Saudi

Global summit on artificial intelligence begins in Riyadh

The second edition of the Global AI Summit brings together various stakeholders to discuss the future of artificial intelligence and the kingdom’s contribution to this field

Dulsco

Dulsco opts for Oracle cloud applications to enhance digital operations

With Oracle applications for finance, supply chain, HR and customer service, the company will be able to standardise business processes on a single platform

Gold steady after US inflation spurs biggest drop in two months

Bullion ended 1.3 per cent lower on Tuesday after the consumer-price index figures were released

Lyve Global

Abu Dhabi’s Lyve Global acquires majority stake in Shopini World

The acquisition is in line with Lyve’s $150m acquisition strategy to expand its digital ecosystem and geographical expansion

real estate

Cover story: Why the CEO of Seven Century Real Estate Brokers believes Dubai is fertile ground for investments

In this exclusive interview, Naghmeh Sheikholeslami speaks of resilience, prioritising customers and Dubai’s evolving real estate landscape

ADNOC Refining Ruwais Site

ADNOC Refining to complete first phase of Waste Heat Recovery Project in Ruwais

The project recycles waste heat from ADNOC Refining’s plant in Ruwais, increasing power production and thermal efficiency of the facility by around 30 per cent with no additional emissions

Anghami

Streaming platform Anghami expands global footprint via telecom partnerships

Anghami joins hands with Danish telco Hallo and Virgin Mobile Kuwait to provide unlimited access and downloads of songs, podcasts and other audio content

AD Ports Group

Abu Dhabi’s AD Ports Group completes first international acquisition

The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International

Namangan

Flydubai to introduce direct service to Namangan

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

Bahrain's Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

Bahrain’s Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

The studio aims to create new highly skilled jobs in Bahrain for both local and international talent, on both its core team and at the startups it helps to launch

Oil

Saudi oil output hit 11 million barrels a day in August

It’s the highest monthly production level the kingdom has reported to OPEC since April 2020

Abu Dhabi Global Market

ADGM Registration Authority enhances existing legislative insolvency practitioner framework

A key alignment of the framework with international best practices is the mandatory prerequisite for registered insolvency practitioners to obtain a security bond before any appointment

ADQ monetises minority stake in Taqa to Multiply Group, Abu Dhabi Pension Fund, other investors

Abu Dhabi-based Taqa has significant investments in power and water generation, transmission and distribution assets, as well as upstream and midstream oil and gas operations

Saudi wealth fund to build $412m stake in local tourism firm

The Public Investment Fund signed a pact to acquire a 30 per cent stake in Almosafer Travel & Tourism

Air Arabia AD Celebrates 1 Million Passengers

Air Arabia Abu Dhabi welcomes one millionth passenger

The passenger received complimentary unlimited tickets for a year to any destination from Abu Dhabi

NBA Abu Dhabi Games- DCT Abu Dhabi

The NBA Abu Dhabi Games are set to dazzle UAE’s basketball fans on Oct 6 and 8

Saleh Mohamed Al Geziry, DG for Tourism, DCT – Abu Dhabi, tells Gulf Business about the upcoming NBA matches in the emirate, the tourism authority’s partnership with NBA and Abu Dhabi’s role as a global sporting hub

DEWA and WGEO complete preparations for World Green Economy Summit

World Green Economy Summit to focus on energy, finance, food security

WGES is organised by DEWA, the World Green Economy Organization and the Dubai Supreme Council of Energy

vertical farm

In pics: Sheikh Mohammed tours world’s largest vertical farm in Dubai

The hydroponic facility is capable of producing over 1,000,000kg of leafy greens annually

Here are 10 of the best new features of iOS 16 for your iPhone

Here are 10 of the best new features of iOS 16 for your iPhone

Apple says the new operating system offers “all-new personalisation features, deeper intelligence, and more seamless ways to communicate and share”

Wio

Region’s first platform bank Wio launches in UAE

The new bank will provide solutions in three areas – digital banking apps, embedded finance and banking-as-a-service solutions

Nutanix

Nutanix to present hybrid multi-cloud solutions at Gitex Global

The company will share its strategy which emphasises that enterprises should never settle for cloud chaos, but rather, embrace a hybrid multi-cloud platform

Algiers

Dubai’s Emirates to ramp up service to Algiers

The airline will utilise its Boeing 777-300ER aircraft between Algiers and Dubai

Games for Change

First MENA Games for Change summit to be held in Abu Dhabi

The two-day summit will be held on October 11-12, 2022 and will connect 300 leaders across Abu Dhabi’s gaming industry

Mubadala boosts takeover bid for Burger King Brazil operator

The Abu Dhabi sovereign wealth fund’s unit MC Brazil F&B Participações is now proposing a tender offer to acquire 45.15 per cent of the firm’s shares at $1.62 apiece

Infor cloud

Infor to demonstrate cloud software solutions at Gitex Global

The company will highlight smart, pre-configured cloud solutions to enable customers to simplify complexity and transform business processes

IMF sees Kuwait's GDP growth at above 8% for 2022

Kuwaiti conglomerate Alghanim Industries weighs $1bn IPO

Deliberations about a potential listing are in the early stages and no final decisions have been made

Salik

Dubai seeks to raise $817m from IPO of road-toll operator

The institutional offering will end on September 21, while the book for retail buyers will close the day before