Spotlight on Phishing - Nicolai Solling is the Chief Technology Officer at Help AG

Insights: How companies can fight the menace of phishing

Phishing has truly gone from a simple hacking tool to a highly sophisticated method where cybercriminals target people to access private data

Flydubai

Flydubai to resume flights to Abha in Saudi Arabia

Flights will commence with a daily service, from Dubai International’s Terminal 2

farms

Countries are redeveloping farms that could be cutting carbon

The sites under study stored an estimated 403 million tons of CO₂ – or 35 per cent less than they might have taken up without re-cultivation

wind turbines

How robots can help build offshore wind turbines more quickly

The real timesaver would be installing turbines more quickly

investment firms

How GCC investment firms can adapt to capture new opportunities

Private equity firms, principal investors, and SWFs in the region need to respond to rapidly evolving societal goals and expectations on sustainability

Adnoc borouge

ADNOC delivers fourth consecutive record-setting IPO on ADX

The retail offering, which attracted higher retail demand than any UAE IPO in nearly 20 years, was 74 times oversubscribed

Al Jalila Foundation accepting cryptocurrency

Al Jalila Foundation to accept cryptocurrency donations

Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good

safqat to debut in the UAE

Safqat, an online F&B B2B marketplace, to debut soon in the UAE

Offering commission-free transactions, Safqat will help suppliers connect with restaurants, caterers and grocery stores at the click of a button

UAE reports 593 Covid-19 cases, 506 recoveries

The nationwide case count has risen to 909,815

EFG Hermes concludes role as joint bookrunner on $2bn Borouge IPO

This the largest-ever listing in Abu Dhabi’s history since ADNOC Drilling’s $1.1bn IPO; EFG Hermes was also joint bookrunner for the IPO

Property finder launches tools to support real estate agents and buyers

Bayut & dubizzle to launch five new tools to serve buyers and agents

Developed with advanced algorithms, the new tools offer a range of features that will support both buyers and real estate agents

Turkey officially changes its name at UN to ‘Turkiye’

Turkey officially changes its name at UN to ‘Turkiye’

President Erdogan has been pressing for the name to be changed to ‘Türkiye’ (tur-key-yay) as it is spelled and pronounced in Turkish

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

Sheikh Mohammed issues law to establish Dubai Media Council

The council will develop Dubai’s media strategy and oversee its implementation

Walmart ranks first on the top 25 global retailers survey

According to GlobalData’s ranking, half of the top 25 global retailers reported more than 8 per cent year-on-year growth in revenue despite the pandemic

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

Musk says Tesla may have ‘Optimus’ robot prototype within months

Optimus, first introduced in August 2021 during Tesla’s inaugural AI Day, is a human-sized robot

OPEC+

OPEC+ agrees on 648,000 bpd hike in July, August

The next meeting will be held on June 30, 2022

dnata

Dubai’s dnata to invest $100m in green operations in next two years

Earlier this year, dnata committed to reducing its waste to landfill by 20 per cent by 2024

e& and DataRobot partnership

UAE’s e& enterprise and DataRobot launch enterprise AI as a service

To further accelerate the successful adoption of AI, e& enterprise and Datarobot will also establish a first-of-its-kind AI Center of Excellence

Bitcoin retreats to consolidate below $30,000

Cryptocurrencies have struggled as the Federal Reserve and other central banks hike rates

Waitrose says no to single-use plastics

Waitrose aligns with UAE ban on single-use plastic bags

Waitrose will discount 25 fils from the total bill when customers bring one or more bags to shop with at store regardless of the bag material or brand

UAE Covid-19

UAE reports 575 Covid-19 cases, 449 recoveries

The nationwide case count has risen to 909,222

Duque free zone launches in Dubai

DUQE free zone launches operations from Dubai’s QE 2 hotel

DUQE has allied with PCFC to offer full integrated support to entrepreneurs to help them set up and expand their business

Sheryl Sandberg

Sheryl Sandberg is stepping down as Meta’s COO after 14 years

Javier Olivan, who has led the company’s growth efforts for years, will take Sandberg’s place as COO when she formally steps down in fall

D/Quarters launched by TECOM

Tecom’s D/Quarters introduces next-gen workspace solutions to Dubai

As a collaborative community, D/Quarters will accommodate freelancers, entrepreneurs, SMEs and multinational corporations

Oracle Cerner

Oracle wins regulatory approvals for $28bn Cerner takeover

The acquisition of Cerner gives Oracle a huge foothold in technology for the healthcare industry

Kindle

Amazon to shut Kindle store in China

The e-commerce giant will discontinue the Kindle eBook store on June 30, 2023

emirates

Luxury on a budget: Emirates begins booking for its premium economy

From June 1, 2022, the carrier has commenced premium economy bookings on routes to London, Paris and Sydney

schools

Sharjah Private Education Authority, Arada partner to design future schools

The agreement will also see the launch of joint training programmes, initiatives and events to promote the educational sector in Sharjah

Google Cloud

Google Cloud appoints Bader Almadi as country manager for Saudi Arabia

With 16 years of expertise, Almadi joins from Dell Technologies where he was country enterprise director for telecom, cloud and financial services’ industries

Sukuk

Sharjah’s Arada raises $350m via dollar sukuk, lists on London Stock Exchange

The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size