Direct Debit

UAE’s first paperless Direct Debit Marketplace launched

Fintech company Direct Debit System, launched the platform to facilitate recurring payments such as school fees, rent and subscription services

ADGM FSRA guiding principles

Abu Dhabi Global Market’s FSRA publishes guiding principles on virtual asset regulation and supervision

The principles aim to support FSRA’s collaboration with other regulators and inform the wider public of how it responds to underlying risks in the sector

UAE Treasury bonds

UAE’s five-year tranche treasury bonds receive bids worth Dhs8.6bn in fourth auction

The new five-year T-Bonds will contribute to strengthen the local debt capital market and build the UAE dirham-denominated yield curve

ADDED licences H1 2022

Abu Dhabi’s ADDED registers 136 new industrial licenses in H1 2022

The total number of active in-production licenses was 866 by end of June, according to the Industrial Development Bureau’s manufacturing report

oro24

ORO24 Real Estate Developments: Driven by a grand vision

Founder and chairman Atif Rahman, tells us how the region’s construction sector is gearing up for more growth, his company’s focus on innovation and his flagship development, TORINO by ORO24 

paxworld, Virtuzone launch The V

Virtuzone, pax.world to build V-shaped HQ in the metaverse

The V will house a state-of-the-art virtual office environment, and offer a host of features, including metaverse avatars, online video conferencing and communication capabilities, and virtual meeting rooms

Emirates NBD launches Application Programming Interface (API) developer portal

Dubai’s Emirates NBD launches API developer portal to drive innovation

The portal grants developers access to a suite of Emirates NBD APIs across six key categories

Electric mobility

UAE among top 10 countries globally in terms of readiness for electric mobility, shows report

The Arthur D Little report states that the UAE’s electric vehicle market is estimated to grow at a compound annual growth rate of 30 per cent between 2022 and 2028

Dubai Chamber

Dubai Chamber of Commerce records 69% rise in new members through August

The number of e-transactions processed by the chamber crossed 642,000 in first eight months of the year

SD Centre for Entrepreneurship

SD Centre for Entrepreneurship Excellence partners with GEMS Education

Through the platform, SDCEE will curate specific programmes for all GEMS stakeholders and develop other initiatives such as conferences, networking events and venture funding support

Samsung

Samsung warns chip industry is headed for tough close to 2022

Samsung announced plans for an advanced $17bn chip plant in Taylor, Texas, with construction slated to start later this year

Guangzhou

Abu Dhabi’s Etihad Airways to introduce new service to Guangzhou

The airline will commence its twice-weekly flights to Guangzhou from October 10

Honor

Interview: Why Honor focused on bringing vlogging solutions to users

Setting a new standard for mobile vlogging, the Honor 70 delivers a giant leap forward in mobile imaging and video performance, says Zac Li, general manager at Honor GCC

UAE cabinet

UAE cabinet approves new law regulating public-private sector partnerships

The cabinet also approved the temporary licensing of the first electric cargo aircraft

Gold flat ahead of inflation with more big rate hikes looming

Bullion has mainly fluctuated between $1,700 an ounce and $1,720 in September after several months of declines

Passenger traffic on the rise

Global passenger traffic is now at 74.6% of pre-pandemic levels: IATA

According to IATA, total traffic in July was up 58.8 per cent compared to July 2021

Qatar Tourism_Lusail Stadium

Inaugural match at Qatar’s Lusail Stadium draws thousands of fans, venue to host World Cup Final

The stadium is set in the smart city of Lusail, which is considered Qatar’s largest sustainable real estate development

UAE ranks 10 among nations in global indicators

UAE ranks among top 10 countries in 432 global indicators: FCSC

The country excels in several essential areas, including education, environment, climate change, security and safety, cybersecurity, infrastructure, flexibility of regulations and governance

Mubadala and TAQA sign agreement

Mubadala, Taqa ink agreements to invest in Uzbekistan’s power sector

The agreements will see Mubadala and Taqa each acquire a 40 per cent stake in two gas-fired power plants in Uzbekistan

Saudi Arabia's $1.12 billion in development financing

Islamic Development Bank approves $1.12bn in development financing for nine member countries

The bank approved a $1.79m grant for projects in key sectors such as food security, health, transport, energy, urban development, education, water and sanitation

Israel

Calev’s Newsroom: Bridging ties between UAE and Israel through tourism

Israel must develop effective marketing campaigns for Emirati travellers

AMAALA

Amaala project pushes forward, over 300 contracts signed worth more than $1.7bn: Red Sea Development Company

Work is underway on-site to develop the destination, with more than 2,400 staff already on site and 9.9 million manhours logged to date

On fast track with Saudi Arabia’s first professional female racing driver

On the fast track with Saudi Arabia’s first professional female racing driver

Saudi Arabia’s first professional female racing driver and founder of Theeba motorsport, Reema Juffali, tells us about her journey, memorable wins and her ultimate goal– 24 hours of Le Mans

cotton

Climate change: How has extreme weather affected cotton?

The world’s cotton supply keeps shrinking, hit by drought and heat

Ghassan Aboud’s Crystalbrook collection acquires Sydney harbour hotel for AUD100m

The newly acquired hotel occupies a 1,825sqm site, with 176 rooms spread across two buildings

Etihad Rail connects ICAD railway terminal to the network 5

Etihad Rail connects railway freight terminal at ICAD to UAE National Rail Network’s main line

The railway freight terminal will span over 2.7 million square feet processing up to nine trains per day

AirArabia-Abu-Dhabi

Air Arabia Abu Dhabi launches direct service to Lebanon

The new direct flights will connect Abu Dhabi to Lebanon via three flights weekly, starting from October 30

Gold

Gold edges up as expectations firm for super-sized rate hike

Elevated yields tend to weigh on non-interest bearing bullion

Natural gas agreement signed between ADNOC and Dubai Supply Authority

The agreement will see ADNOC supply DUSUP with natural gas, which will be used instead of clean coal for electricity generation at DEWA’s IPP

ADCB green bond

ADCB prices $500m Reg S green bond to support financing of low-carbon initiatives

The bank has adopted a ‘Green Bond Framework’ to provide a long-term platform to support further mobilisation of capital for green projects