Abu Dhabi Ports and Hutchinson Ports sign MoU-e1565073659656

Abu Dhabi Ports, Hutchison Ports sign MoU to pursue joint business opportunities

The two entities will form a partnership to operate within Tanzania, where they will explore market competitiveness of port operations and investment opportunities

Vincent Wijnen, Senior Managing Director, Al-Futtaim Automotive

Al-Futtaim Automotive’s Vincent Wijnen on the factors driving the company’s performance in H1 2022 and its future plans

The senior managing director of Al-Futtaim Automotive showcases H1 highlights and brand performance, the growing focus on sustainability and the company’s future vision

smartphones

Here’s how smartphones are shaping the future of payments industry

The future of smartphones is not only based on 5G, imaging and software security management but also on innovation in design, materials, form and function

Saudi Aramco plans to go big carbon storage

Aramco to acquire Valvoline Global Products for $2.65bn

Aramco will benefit from VGP’s robust manufacturing and distribution network, significant R&D capabilities, strong partnerships with major OEMs

Abu-Dhabi-based ghithia q2 results_1629178265369

IHC subsidiary Ghitha Holding reports Dhs80.6m in profit for Q2 2022, a 471% rise over last year

Ghitha reported robust numbers led by its revenue reaching Dhs576m, which shows a growth of 276 per cent from Q1 2021

OPEC Haitham Al Ghais

Haitham Al Ghais takes office as OPEC Secretary General

He was appointed for a three-year term at the special meeting of the OPEC Conference held on January 3

STC Bahrain to introduce 5.5g network_GettyImages-1329002214-800x543-1

stc Bahrain announces plans to develop the foundation for 5.5G network

The announcement complements stc Bahrain’s strategy to establish and develop the infrastructure to power the next version of 5G within the next three years

Etihad Cargo revenue in H1 2022 grows by 6 per cent

UAE’s Etihad Cargo reports 6% revenue growth in H1 2022

Cargo operations delivered revenues of $802m in the first half of 2022

DFM adds 20,552 new investor accounts in first 7 months of 2022

Dubai’s DFM adds 20,552 new investor accounts in first seven months of 2022

Companies added 2,349 new accounts in July and 2,850 accounts in June

e& h1 2022 profits

UAE’s e& reports consolidated net profit of Dhs4.9bn for H1 2022

The number of etisalat by e& subscribers in the UAE reached 13.3 million in H1 2022, a 10 per cent year-on-year rise

CBUAE issues AML guidelines

Central Bank of UAE issues new guidelines on anti-money laundering

The new guidelines state that licensed financial institutions should have compliance programmes in place to mitigate payment-related risks

Wilson Varghese, GM and head of operations, Zurich insurance

Zurich Insurance’s Wilson Varghese on key healthcare trends and how the insurance industry has leveraged technology

Varghese, the company’s general manager and head of operations, shares the importance of consumer awareness and critical illness cover in the light of the pandemic and its impact

london stansted gets daily Emirates flight from August 1

UK-UAE travel: Emirates restarts flights to London Stansted with daily service

The airline advanced plans to increase capacity from a five-a-week service with a daily flight, starting from August 1

UAE Cabinet approves formation of 'Higher Committee for Government Digital Transformation'

UAE Cabinet approves formation of Higher Committee for Government Digital Transformation

The Committee will be chaired by Ohood Khalfan Al Roumi, Minister of State for Government Development and the Future

earned wage access

How earned wage access technology can help businesses increase employee retention

FlexxPay discusses how technology can help businesses to optimise team performance

Gaming and generation next in the advent of Industry 4.0

Blockchain companies have doubled down on esports to reach gamers, signing multi-year, multi-million-dollar sponsorship contracts

Mukesh Ambani pips Gautam Adani

Asia’s richest men prep for battle as Adani enters Ambani’s turf

Gautam Adani had overtaken Mukesh Ambani as Asia’s richest man a few months earlier

Oil August 1

Oil drops at start of week as China data raises demand concerns

West Texas Intermediate dropped toward $98 a barrel after sinking almost 7 per cent in July

Metaverse

The metaverse: What are you missing out on?

A thriving metaverse is reliant on consumers buying into the hype and that’s a long way off, says Joe Baguley, VP and CTO at VMware EMEA

masthead-blog-gio0722-1920x835

Global investment outlook: Income arrives in many shapes and sizes

Franklin Templeton’s investment professionals across asset classes focus on the second half of the year and share where income-seeking investors may find opportunities

DEWA uses AI solutions to enhance water security

How DEWA is using AI to boost operational efficiency

DEWA is using ‘iService’, which utilises metre diagnostics data to detect service interruptions and initiate rectification procedures automatically, among other tech solutions

ADCB-h1-2022-earnings

ADCB reports 21% rise in net profit to Dhs3.059bn in H1 2022

The bank’s half-year net profit was driven by broad-based growth in net interest income, card fees and trading income underpinned by the economy’s recovery

126-activities-added-to-Tajer-Abu-Dhabi

Abu Dhabi adds 126 new economic activities to ‘Tajer Abu Dhabi’ to support MSMEs

Activities under ‘Tajer Abu Dhabi’ represent 29.5 per cent of the total economic activities licensed and regulated by ADDED in 2021

Sharjah Tourism launches holiday homes project

Sharjah tourism authority launches ‘Holiday Homes Project’

The first year of the project will see the registration and licensing of 150 holiday homes

DP world signs del with Adroit Canada and Al Amir food

DP World signs two new development projects with agricultural commodity processors

The new integrated quayside facilities, belonging to Adroit Canada and Al Amir Foods, will enhance the year-round availability and production of essential grains and pulses

ADNOC DISTRIBUTION gets 50% STAKE IN TOTALENERGIES EGYPT

ADNOC Distribution acquires 50% stake in TotalEnergies Marketing Egypt

The acquisition is expected to be completed in Q1 2023 pending satisfaction of certain conditions, including customary regulatory approvals

Asia’s Richest Men Prep for Battle as Adani Enters Ambani’s Turf

5G subscriptions expected to reach 263 million in MEA region by 2026: Nokia

The study also reveals that 5G and 4G together are expected to drive more than 90 percent of data traffic in the Middle East

Al Seer Marine_h12022

Al Seer Marine announces Q2 profit of Dhs882.97m, a 115% rise over last year

Al Seer Marine’s growth jumped significantly by a record 74 per cent, compared to Q2 of last year, with revenue at AED 474.82 million

Dubai property sales see record high in June 2022_e1655190951740

Dubai: June property sales register nine-year high, sales transactions amount to Dhs22.7bn

According to Mo’asher data, Q2 2022 marked the highest quarterly volume of sales transactions for the last decade, with a total of 22,504 transactions worth Dhs59.154bn

Dubai Financial Market announces H1 2022 results, posts net profit of Dhs63.4mn

Dubai Financial Market posts net profit of Dhs63.4m for H1 2022

The company’s total consolidated revenue reached Dhs163.8m in H1 2022 compared to Dhs136.6m during H1 2021