Motivate VAl Morgan launches new platform

Motivate Val Morgan launches audience-based cinema buying platform

The launch of CinePlan and CineMeasure marks a significant milestone for the company, as it establishes a first-to-market platform through a self-service model

mashreq post Dhs1.4bn net profit in H1 2022

Mashreq sees 17% rise in operating profit, posts Dhs1.4bn net profit for H1 2022

The bank reported growth of 8 per cent year-to-date in customer deposits, reaching Dhs109.3bn

Cupola

UAE-based Cupola rolls out AI-powered enterprise learning platform

The company has partnered with Avaya to custom-build an intelligent enterprise learning platform

ADIB net profits hit 1.4bn dirhams in H1 2022

Abu Dhabi Islamic Bank reports net profit of Dhs1.4bn in H1 2022

The bank’s revenue for the first half of the current year improved by 7 per cent to Dhs2.8bn compared to Dhs2.6bn last year

Moro Hub SAS

SAS partners with Moro Hub to elevate AI-based industry solutions in Dubai

Moro Hub will be the service provider of cloud services for SAS catering to the business in Dubai

Mclaren

McLaren raises $150m from shareholders with cash low

Shareholders include Bahrain’s sovereign wealth fund Mumtalakat, investment firm Ares Management Corporation and Saudi Arabia’s Public Investment Fund

Delinea

Delinea, Authomize partner to enhance cloud identity security controls

The combined zero-trust authorisation approach to security improves customers’ identity security posture for cloud

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold has lost more than $110 in July alone as traders increased bets on a full percentage-point increase in US rates

Etihad Airways joins UAE’s In-Country Value (ICV) Programme

Etihad Airways joins In-Country Value Programme, aims to support local industries

The ICV programme is a pillar of the national industrial strategy and benefits certified companies by increasing local demand for their products and services

DEWA announces spend of Dhs40bn in next five years on projects

DEWA to invest Dhs40bn in water, electricity projects in next five years

DEWA says it will continue to invest in and enhance renewables’ generation capacity

Dubai issues decree for commercial properties

Dubai issues law regulating use of commercial lands

The Dubai Land Department has been authorised to conduct inspections of commercial land plots to ensure full compliance with the ‘Musataha’ agreement

- MBRSC will share vital information from Dubai Municipality’s DMSat-1 satellite to contribute to global efforts to monitor the impact of climate change - Salem AlMarri: “This is a significant step, undertaken in partnership with Dubai Municipality, to fulfill our mission to initiate collaborations with global organisations to use DMSat-1 data - Dawoud Al Hajri: DMSat-1 has introduced significant innovations in environmental monitoring in the Arab world, and is now making vital strategic contributions on a global scale The Mohammed Bin Rashid Space Centre (MBRSC) has officially joined the Space Climate Observatory (SCO) International, a global consortium of space agencies and organisations led by The National Center for Space Studies (CNES) that seeks to coordinate worldwide efforts to accurately monitor the impact of climate change. The initiative to join the charter forms part of the cooperation between the UAE and France on future space endeavours. In joining the SCO International, MBRSC has committed to sharing with the international space community information from the DMSat-1 satellite, Dubai Municipality’s first atmospheric monitoring satellite launched in 2021. Using data from the satellite, Dubai Municipality has been actively promoting measures to protect the environment, thereby significantly raising Dubai’s profile as a global model for sustainable development. As part of fulfilling the obligations of MBRSC’s membership in the SCO, Dubai Municipality has already started generating significant data and findings from DMSat-1. Since its launch, DMSat-1 has played a key role in monitoring the UAE’s atmospheric aerosols and greenhouse gases and chemicals, substances that have influenced climate change across the world. Salem AlMarri, Director General of the MBRSC has signed the SCO’s charter, paving the way for the UAE’s official membership in the international network. “This is a significant step, undertaken in partnership with Dubai Municipality, towards fulfilling our mission to initiate collaborations with international organisations to use the data we collect from DMSat-1. Our efforts will contribute to global efforts to monitor the impact of climate change, a critical issue that is vital to the sustainability of the planet and the survival of mankind,” he said. AlMarri noted that the scale and magnitude of the impact of climate change necessitates a collaborative effort from all stakeholders, such as the SCO International’s important work in gathering data from satellites to help formulate action plans that will ensure the preservation of the planet for present and future generations. “It is an honour to be a part of a global initiative and to join hands with Dubai Municipality to put the UAE at the forefront of such efforts,” he added. The development of DMSat-1 forms part of the UAE’s commitment to the terms of the Paris Climate Agreement, which calls for providing data on greenhouse gas emissions from signatory countries, as well as building national capacities in studying and analysing global warming. The satellite’s launch and operations are part of the Dubai Clean Energy Strategy 2050 and UAE Energy Strategy 2050. The data collected by the satellite will also contribute significantly to the implementation of the national system for managing greenhouse gas emissions within the framework of the UAE National Plan for Climate Change 2017-2050. His Excellency Dawoud Al Hajri, Director General of Dubai Municipality, said: “We are pleased to start cooperating with international organisations to share the data we collect from DMSat-1. The satellite has deployed advanced monitoring techniques and mechanisms in the field of air quality assurance and the reduction of air environment pollutants, in line with global developments in the field of space data and remote sensing. The nanometric satellite, which has introduced significant innovations in environmental monitoring in the Arab world, is now making vital strategic contributions on a global scale. We are pleased to share with the world the monitoring information obtained from the environmental satellite and other data for research. We are committed to harnessing this information for everyone’s benefit as part of our goal of enhancing Dubai’s contributions to international organisations and other countries.” Currently, all European space agencies support the SCO International, which has national chapters in Russia, China, Japan, India, Morocco and the UAE. Members have committed to making satellite data in their possession accessible to the entire organisation, as well as the international community, to help in the assessment and monitoring of the global impact of climate change. In addition to providing transparent and verified satellite data on climate change, the SCO will also aid in the development of useful toolkits and services that will advance computing capacities for analysing specialised data on climate change.

Mohammed Bin Rashid Space Centre joins Space Climate Observatory International

MBRSC will share vital information from Dubai Municipality’s DMSat-1 satellite to monitor the impact of climate change

ACWA and Posco sign MoU ACWA's Paddy Padmanathan

ACWA Power, POSCO Holdings to jointly explore the production of green hydrogen and green ammonia  

The agreement will involve the joint development of green hydrogen and green ammonia, to decarbonise South Korean POSCO Group’s power generation, and its steel manufacturing processes

Consumer behaviour surveyunsplash_B

UAE consumers are now buying a greater variety of brands than they did pre-Covid: NielsenIQ

According to NielsenIQ, 68 per cent of UAE respondents felt they could find a brand that fits their exact needs if they looked hard enough

Saudi Investment

Venture capital investments in Saudi Arabia record SAR2.19bn

According to the ‘H1 2022 Saudi Arabia Venture Capital Report,’ this figure surpassed the total amount deployed in 2021

Twitter

Twitter gets a win over Musk with trial fast-tracked for October

Twitter filed suit last week, requesting a September 19 start for the non-jury trial

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold steady as traders weigh dollar retreat, rising bond yields

Traders are awaiting more clarity on central bank action to tackle searing inflation

DXB launches new 24X& customer contact centre

Dubai Airports launches its 24×7 customer contact centre

The customer contact centre offers passengers 24×7 bilingual support as well as the most updated and consistent travel information across all channels

Venture capitalists

Where venture capitalists are inclined to invest in the Middle East

With new innovations in DeFi, GameFi and infrastructure spaces, Cypher Capital looks forward to being part of large milestones for blockchain

Oil August 1

Saudi crude exports set to rise in July on stronger China flows

Shipments for June were the lowest since September

electricity and water services

Dubai’s energy demand rises by 6.3% in H1 2022: DEWA

Demand for energy in the first half of 2022 reached 23,096 GWh compared to 21,729 GWh in the first half of 2021

Abu Dhabi food exhibition to be held in December_-GettyImages

First edition of Abu Dhabi International Food Exhibition to be held in December

The exhibition is organised by ADNEC in cooperation with Abu Dhabi Agriculture and Food Safety Authority

Sheikh Mohammed approves Dubai budget 2023-2025

Dubai: Sheikh Mohammed introduces incentives for property investment funds

The decree covers all real estate investment funds licensed and regulated by government authorities as well as private development zones and free zones

Dubai Business licenses in H1 2022

Dubai issues 45,653 new business licenses in H1 2022

Around 55 per cent of the new business licenses issued in Dubai during H1 2022 were professional and 45 per cent were commercial

Cybersecurity

Not just defensive: Cybersecurity as an enabler for business

The unavoidable disruption that businesses have experienced has pushed the security teams to make enablement a primary objective

Kyndryl

Here’s how Kyndryl is helping organisations reshape their digital strategies

With a new leader on board, Kyndryl aims to continue to invest in new capabilities and expand its partner ecosystem to help customers expedite their transformation journeys

UAE and France sign a Comprehensive Strategic Energy Partnership

UAE and France sign two significant energy agreements, launch Business Council

In addition to the CSEP signed by the two nations, ADNOC and TotalEnergies inked a strategic partnership agreement to explore new opportunities for growth across the energy value chain

MEIMA launch at ADGM

New trade association launched to support Middle East investment management sector

The association aims to create an inclusive environment for asset owners, asset managers, service firms and others to network, collaborate and learn from each other

CNNB Solutions

UAE e-commerce firm CNNB Solutions expands to Kuwait

The company supports brands with their e-commerce and direct-to-consumer strategies, to help them reach more customers

Wizz Financial gets nod on acquisition of uae-exchange-UK

Wizz Financial gets nod from UK’s FCA to acquire UAE Exchange UK

Wizz Financial will rebrand UAE Exchange UK, as it focuses on aligning all its offerings across the US, UK, UAE and India