Emirates Mexico

Dubai’s Emirates ramps up frequencies to Mexico with daily service

The Dubai-Barcelona-Mexico route is operated with a two-class Emirates Boeing 777-200LR

Huspy

UAE’s proptech Huspy receives $37m in Series A funding

Funds will accelerate Huspy’s expansion across EMEA and transform the future of home buying

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

Musk says ‘a few unresolved matters’ on Twitter deal

Musk has said he wanted to put the takeover “on hold” while he investigated how many of Twitter’s users are real people

Abu Dhabi Fertiglobe

Abu Dhabi’s ADNOC, TAQA, Mubadala enter agreements to acquire Masdar stakes

ADNOC will hold a 43 per cent controlling stake in Masdar’s new green hydrogen joint venture, Mubadala will retain a 33 per cent interest, and TAQA will hold a 24 per cent stake

UAE reports 1,556 Covid-19 cases, 1,490 recoveries

The nationwide case count has risen to 930,475

Etisalat UAE brand identity

Etisalat UAE’s new brand identity revealed

The brand identity is in line with the group’s positioning as a technology and investment conglomerate

Dubai media council

Dubai Media Council launches new initiative for media professionals

The launch of the Dubai Media Council is to support professionals working in local, regional and international media institutions

Oppo Find X5

OPPO expands its premium offering with upcoming Find X5 series launch

The series is set to launch in the region on June 22 and will be available in stores June 23 onwards

Oil edges up as investors weigh outlook for demand

Oil markets remain in backwardation, a bullish pattern in which near-term prices command a premium to longer-dated ones

Carlyle seeks $325m from Gulf Domino’s Pizza operator IPO

Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors

Dubai Summer Surprises 2022

Dubai Summer Surprises 2022: Discounts of up to 90% on offer

The 25th edition of this annual event will be held from July 1 to September 4, with a wide range of activities, sales, prizes and entertainment

hydrogen economy - UAE joins IPHE

UAE joins international alliance promoting global transition to hydrogen

The UAE is the first country in the Middle East to join the international Partnership for Hydrogen and Fuel Cells in the Economy

UAE: Ministry of Finance announces second auction of federal treasury bonds

Bonds amounting to Dhs750m will be offered for a two-year tranche, and Dhs750m for a three years tranche

Saudi Aramco plans to go big carbon storage

Saudi Aramco, Cognite partner to form tech joint venture

Powered by advanced cloud solutions and industrial software, the joint venture will support industrial digitalisation on a nationwide scale and across the MENA region

Karim Awad - valu to sell minority stake to Alkohair

Egypt’s largest BNPL platform, valU to sell minority stake to Alhokair family

Alhokair family has acquired a 4.99 per cent stake in valU through a capital injection of $12.4m, signifying a valuation of $247.4m for the company

Ajman finance department

Ajman’s finance department selects Oracle Cloud to bolster emirate’s economy

It will enable the department to increase productivity, reduce costs and improve controls and optimise its supply chain management

UAE reports 1,532 Covid-19 cases, 1,591 recoveries

The nationwide case count has risen to 928,919

Andreas Beck

Kyndryl names Andreas Beck as managing director for Middle East and Africa

Beck was based at the Kyndryl’s New York headquarters and was in charge of strategic initiatives related to the company’s development

Mubadala Health

Two NHS brands from Mubadala Health’s network partner to deliver diabetes care in Abu Dhabi

Imperial College London Diabetes Centre and Moorfields Eye Hospital Abu Dhabi will offer UAE-based ophthalmology services for diabetes and endocrinology patients under one roof

Sheikh Mohammed announces opening of Expo City Dubai in October 2022

The new city will feature offices, leisure and sports facilities, food and entertainment venues and a mall

VIsa launches She's Next with FAB and DBC

Visa, FAB and DBWC launch ‘She’s Next’ programme for female entrepreneurs in UAE

She’s Next will deliver significant networking opportunities in partnership with the Dubai Business Women Council for female entrepreneurs in Dubai

Etisalat-huawei 5G network slicing

Etisalat UAE, Huawei Technologies partner to launch telecom network slicing service

The slicing architecture is more advanced in 5G private networks, enabling fast rollout, flexible resource isolation and adapting different kinds of enterprise requests that benefits both operators and customers

Bitcoin

Bitcoin hovers around the $20,000 level after a volatile weekend

Bitcoin is down about 57 per cent since the start of the year

Majid Al Futtaim Joins MIT Center for Real Estate as a Strategic Partner

Majid Al Futtaim joins MIT Center for Real Estate as a strategic partner

Majid Al Futtaim – Properties, which is the first real estate developer from the MENA region to join MIT/ CRE as a strategic partner, will collaborate with the centre on in-depth research across areas of common interest

banke international Properties

Banke International Properties’ Porush Jhunjhunwala on opportunities for investors in UAE’s real estate sector

The CEO of the Dubai-based property firm showcases his company’s operations and expansion, and the UAE’s thriving real estate market

Khalifa Fund ent-preneur podcast launch

Khalifa Fund launches its ENT-preneur podcast series

The podcast series – highlighting stories and insights from successful entrepreneurs – will be hosted by Saif Al Naqbi on adsmehub.ae

Qatar project

Eni wins stake in $29bn Qatari project as gas prices surge

The Italian company will take a 3.1 per cent a stake in the project

Diversity cybersecurity

Why diversity is vital for a strong cybersecurity team

Cybersecurity is portrayed as a high-stress environment with cutthroat competition, says Deepa Kuppuswamy, information security architect at ManageEngine

Emirates UAE

Emirates expects over 550,000 passengers to fly out from UAE in June, July

The carrier will be operating close to 80 per cent of its pre-pandemic capacity, or over one million weekly seats this summer

RTA

Dubai’s RTA digital platforms revenue hit Dhs3.5bn in 2021

The number of registered users on the digital service platforms exceeded two million, with almost one million of them being active users