logistics park

Dubai’s DP World, Saudi Ports Authority sign agreement to build logistics park at Jeddah Islamic Port

The new facility will offer warehouse space of 100,000 square metres

science

Revealed: 91% of UAE residents trust science and technology

This was revealed in the fifth edition of 3M’s 2022 State of Science Index (SOSI)

internal controls

Why internal controls are so critical for organisations

Companies should not wait for regulators to fix gaps, they would do well to proactively establish a strict internal control framework

Israel

Calev’s newsroom: Building bridges between UAE and Israel

The highlight of the relationship between Israel and the UAE is not its economic or political aspects, but rather the human side

Simon Smith, senior vice president of GMG Sports Retail

GMG Sports Retail’s Simon Smith on the company’s expansion and new in-store offerings

GMG Sports’ senior vice president – Retail, tells Gulf Business about the brand’s entry into Southeast Asia and Egypt

UAE: Keeping the real estate momentum going

Recent policy initiatives that make it easier for foreigners to live and work in the UAE have also bolstered the demand for real estate properties

World Cup

New York, Miami among cities hosting 2026 FIFA World Cup matches

The US last hosted the World Cup in 1994, an event that gave rise to Major League Soccer

CISOs

Attention CISOs: Getting buy-in requires a solid business case

When positioning cybersecurity in the hybrid-work era, CISOs should characterise it as an enabler, no different than cloud computing itself

Unit 3 of UAE’s Barakah nuclear power plant receives operating licence

The UAE is the first country in the Arab region to operate a nuclear power plant

Aurora50 report: gneder diversity has doubled on boards in UAE

Gender diversity on the rise across UAE boards, reveals Aurora50 report

Research undertaken by Aurora50 in collaboration with Mohammed Bin Rashid School of Government revealed that the number of listed board seats held by women in the UAE has more than doubled in two years

Twitter survey on travel 2022 _luggage Getty Images

Travel trends: More than 50% people in UAE and Saudi Arabia are seeking new experiences

Results from a new Twitter Insights Survey showed that around 33 per cent of the respondents in Saudi Arabia didn’t know how they felt about travel in 2022 against 31 per cent who were confident to hop on a plane and travel

Nissan wins court appeal

Dubai Court of Appeal rules in favour of automaker Nissan in Al Dahana case

The Dubai Court of Appeal has dismissed all of Al Dahana’s claims against Nissan

Coinmena

Digital asset exchange Coinmena receives provisional licence from Dubai’s VARA

This will allow it to continue operating in Dubai while it completes the in-depth process of applying for a licence, as required by VARA

Sohar International eyes merger with HSBC Bank Oman

Sohar International recorded a 41.6 per cent increase in net profit to OMR28.3m for the year ended December 31, 2021

UAEREP launches new rain enhancement project

UAEREP’s rain enhancement AI-driven project kicks off

Driven by the UAE Research Program for Rain Enhancement Science, the project will assist operational rainfall enhancement programmes around the world by using AI algorithms

Gen Z

Why appealing to Gen Z is critical for technology brands today

In an exclusive interview, Ivan Wu, chief executive officer at OPPO GCC explains why Reno7 Pro 5G is a smartphone designed for the youth

SANOFI and DoH Abu Dhabi sign collaboration agreement

DoH – Abu Dhabi, French pharma firm Sanofi announce collaboration

As part of the agreement, Sanofi will participate in DoH’s Cancer Advisory Group to develop policies significant to the elderly cancer-patient community

Qatar Airways

Qatar Airways Group reports highest net profit in 25-year history

The group recorded a net profit of $1.54bn during the fiscal year 2021/22

Amazon startups

Amazon backs Saudi entrepreneurs to establish logistics startups

The programme aims to establish more than 30 new startups and create hundreds of job opportunities during the first three years

Gulf Air to start direct flights to Ras Al Khaimah airport

Bahrain’s Gulf Air begins services to Milan

The inaugural flight left Bahrain International Airport on June 1

Oil

Oil set for weekly loss as traders weigh monetary tightening

Oil is still up more than 50 per cent this year after rebounding demand combined with upended trade flows

Dubai sales transactions

Dubai records decade-high real estate sales transactions in May 2022

The emirate’s real estate market recorded a total of 6,652 sales transactions in May

Mastercard NymCard tie-up

Mastercard certifies NymCard as a principal issuer

Fintechs, startups and financial institutions can now plug and play into NymCard’s modern BaaS infrastructure to issue their own Mastercard cards

home check-in service

Emirates’ first class customers to receive complimentary home check-in service

The service must be booked at least 24 hours prior to the flight’s departure time

Dubai International Chamber - Mexico

Dubai International Chamber to open new representative office in Mexico City

Mexico is Dubai’s second largest trading partner within Latin America and bilateral non-oil trade exceeded Dhs4.44bn in 2021

oil supply

IEA sees world oil supply struggling to meet demand in 2023

Crude has climbed more than 50 per cent this year

Quigley

Outsystems appoints Mark Quigley as chief people officer

Quigley has held leadership positions at EMC, Nuance, Acoustic, and PTC

Salik

Sheikh Mohammed issues law establishing Salik as public joint stock company

The Executive Council of Dubai is authorised to determine the percentage of shares that can be offered for subscription either through an IPO or private placement

Microsoft Eaton

Microsoft collaborates with Eaton to improve sustainability

The expansion is part of a new strategic framework agreement between both the organisations designed to address major industry developments including digital transformation

Meta

Smart home devices market sees strong growth across the Middle East, Turkey and Africa

International Data Corporation’s tracker shows that 7.3 million smart home devices were shipped across the META region in Q1 2022