Emirates

Dubai’s Emirates to halt Nigeria flights on blocked funds

The Dubai-based airline said it tried every avenue to address the transfer of funds from Nigeria

Emirates Post Group and DIFC FIntech HIVE sign sponsorship deal

Emirates Post, DIFC’s FinTech Hive sign sponsorship deal to promote ‘HIVE 22’

Emirates Post Group will join DIFC FinTech Hive’s accelerator programme as the logistics partner

XDR

How extended detection and response can address UAE’s cybersecurity talent gap

Extended detection and response is embedded expertise, preloaded with defensive playbooks that enable security teams to deploy best practices in their daily fight against the threat landscape

Etihad Rail new wagons fleet being offloaded

Etihad Rail welcomes first batches of high-tech locomotives

The new fleet was designed specifically to withstand the geographic, climate conditions, and the high temperatures and humidity levels common in the GCC

Amman’s Queen Alia International Airport welcomes over 4.1m passengers during Jan-Jul 2022

The passenger numbers marked a 126.2 per cent surge against 2021 figures

Middle East cyberattacks

Top 3 security tips for Middle East businesses to prevent cyberattacks

Microbyte has urged businesses to be vigilant of threats posed by cyberattacks, emphasising the importance to invest in a robust infrastructure system for their day-to-day operations

Covid-19

UAE reports 703 Covid-19 cases, 673 recoveries

The nationwide case count has risen to 1,007,742

Iphone 14

Apple targets September 7 for iPhone 14 launch

The new iPhone will kick off a busy fall product season, which will also include multiple new Macs, low-end and high-end iPads, and three Apple Watch models

G42 launches $10bn tech investment fund/G42's Peng Xiao

Abu Dhabi-based G42 launches $10bn tech investment fund

The G42 Expansion Fund’s investment priorities will span across computing and communications technologies, intelligent mobility, clean tech and renewables, digital infrastructures, fintech, healthcare and life sciences

How the Middle East can fund its green transition

Three opportunities stand out, including harnessing high public spending, leveraging huge SWFs and capitalising on the strength of state-owned enterprises

Regional director

Delinea appoints new regional director for Middle East

Mohammad Ismail joins from Shifra bringing with him deep knowledge of the company’s privileged access management portfolio

Wissam Breidy

Lebanese media star Wissam Breidy joins Dubai-based Crypto Oasis

The partnership will help break new ground and drive awareness about blockchain technologies in the Arabic speaking community

Kyndryl

IBM spinoff Kyndryl is betting on Amazon, Microsoft, and Google for growth

The spinoff left Kyndryl with 90,000 employees and a large chunk of the legacy infrastructure services business that had been a drag on growth for IBM before the split

policies

UAE-based private sector employees grow 9% in Q2 2022

The construction sector accounted for the largest chunk of new work permits issued during the second quarter of 2022

Standard Chartered closes transition trade facility

Standard Chartered closes transition trade finance facility for Holcim Group

The transition finance facility aims to support Lafarge Emirates Cement with their latest project, a waste heat recovery system that supports the company’s journey to net zero by 2050

Gold holds drop after Fed minutes signal slower rate-hike pace

Bullion is hovering near a two-week low after the US dollar and bond yields rose Wednesday

Emirates NBD launches global accelerator programme

Emirates NBD launches global accelerator programme for metaverse startups

The bank is looking for fintechs, digital experience startups and emerging technology players operating to support its immersion into the virtual world

Dubai Airport

Dubai Airport expects full recovery next year amid travel surge

Dubai attracted 86.4 million travellers in 2019

Aopllo acquires $400m stake in Aldar Investment Properties

Apollo acquires $400m equity stake in Aldar Investment Properties

The acquisition is part of the previously announced $1.4bn investment by Apollo into Aldar’s transformational growth initiatives

EFG Hermes Holding announces Q2 2022 results Karim-Awad

EFG Hermes Holding reports 28% rise in Q2 revenues to EGP2.1bn

The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.

OPEC

OPEC chief sees high risk of oil squeeze amid bullish demand

The OPEC chief remains confident that world oil demand will increase by almost 3 million barrels a day this year

UAE Covid

UAE reports 721 Covid-19 cases, 631 recoveries

The nationwide Covid-19 case count has risen to 1,007,039

Apple

Apple lays off recruiters as part of its slowdown in hiring

Apple is still retaining recruiters who are full-time employees and not all of its contractors were fired as part of the move

World of Farming

UAE venture builder hatch & boost launches agritech startup World of Farming

World of Farming is introducing a first-of-its-kind hydroponic fodder farming methodology for the meat and dairy industry to the Middle East market

Dubai’s DXB records 27.9 million passengers in first six months of the year

DXB handled a total of 154,993 flight movements in H1 2022, up 55.9 per cent compared to the first half of 2021

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

Musk tweets he’s buying ManU in thread joking about politics

Manchester United won its last Premier League title under legendary coach Alex Ferguson in the 2012-13 season

service design

Estimating the true impact and ROI of service design on business

Every service design project or initiative can be measured by focusing on the right factors, the metrics and the company’s business objectives

Changi Consulting

Publicis Sapient announces acquisition of Changi Consulting

Changi Consulting builds and delivers cloud-based solutions focused on helping businesses accelerate, automate and optimise their operations

Dubai sees 22% growth in commercial licencing transactions in H1 2022

Dubai sees 22% growth in commercial licencing transactions in H1 2022

The Department of Planning and Development – Trakhees aims to expand the services it provides, including issuing commercial licences and work permits

Al Othaim family

Saudi wealth fund buys $7bn US stocks amid recession fears

The wealth fund is boosting its investments in equities as Saudi Arabia’s income from oil almost doubled in the second quarter