all stars football club

Celebrities from India and the UAE participate in charity match in Dubai

The Mumbai-based All Stars Football Club played against Emirates United at the Shabab Al Ahli Stadium in Mamzar earlier this month

Dubai Financial Market

Dubai Financial Market to launch trading of Oman Crude Oil futures from June

The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible

Dubai airport show

Focus on innovative technology is key, say experts at Dubai Airport Show

The 21st edition of Airport Show opened on May 17 at the Dubai World Trade Centre with participation from more than 150 international companies

Alpha Dhabi Abu Dhabi GI_1085676060-768x576-1

Alpha Dhabi to invest Dhs9.2bn in Alpha Wave Ventures II fund

Alpha Dhabi’s investment in the fund involves a capital contribution of Dhs2.6bn and undrawn capital commitment of Dhs6.6bn

Digital transformation

ADDED, SAP sign MoU to accelerate digital transformation in Abu Dhabi

Both parties will explore opportunities to enhance industry innovation and digital transformation, and and foster local digital competencies

Ajman

Ajman issues 1,275 new business licences during Q1 2022

It indicated a 10 per cent year-on-year increase compared to the number of licences issued in Q1 2021

Museum-of-the-Future

Dubai’s Museum of the Future partners with Binance to issue NFTs

The Museum of the Future intends to develop assets within the fields of NFTs, cryptocurrencies and the blockchain

Lucid’s Saudi EV factory to receive $3.4bn in incentives

The factory will be located in the King Abdullah Economic City

Saudi Arabia’s PIF adds to games push with 5% Nintendo stake

The filing shows the purchase was made for investment purposes

ValU MAF

Majid Al Futtaim partners with valU to introduce Sha2labaz at its malls in Egypt

Sha2labaz, a redemption product by valU, will help shoppers receive cash reimbursements for purchases they make at Mall of Egypt and City Centre Almaza

Amazon university esports masters MENA region 2022 series

Abu Dhabi to host MENA’s first Amazon University Esports Masters Series

University teams from Saudi Arabia, UAE, Egypt and Morocco will participate in the esports event taking place in the UAE’s capital in July

Bravado Gaming

Bravado Gaming announces its debut in Middle East, Africa

The Bravado expansion will include the establishment of bases in South Africa, Egypt, the UAE, and Saudi Arabia

SPID Houlihan Lokey Imperial Avenue

Houlihan Lokey raises around $200m for Shapoorji Pallonji for project in Downtown Dubai

Imperial Avenue, a 45-floor residential tower, is Shapoorji Pallonji’s flagship real estate project in the UAE

Oracle research Morocco

Oracle opens new research and development lab in Morocco

New facility in Casablanca taps into African talent to create cloud solutions for Oracle customers worldwide

yalla group

UAE’s Yalla Group reports revenue of Dhs265.7m in Q1 2022

The major share of Yalla Group’s total quarterly revenue came from chatting services, recording Dhs190.5m, with games services bringing in Dhs74.6m

Air Arabia Abu Dhabi city check in

Air Arabia Abu Dhabi launches City Check-in service

The City Check-in service also allows passengers to select seats and receive their boarding passes and baggage claim tags

UAE reports 298 Covid-19 cases, 353 recoveries

The total number of recorded cases in the country has risen to 903,382

Mastercard retailers

Mastercard begins facial-recognition rollout with retailers

Facial recognition is just one of many technologies being trialed by retailers, banks and payments firms to eliminate cash and reduce fraud

Anghami founders

Anghami reports revenue of $35.5m in 2021, paid subscribers rise to 1.4 million

Anghami reported its advertising revenues touched $9.8m, with the advertising gross margin growing from 38 per cent in 2020 to 53 per cent in 2021

Apple’s Chart-Topping Run Gets a Boost From Retail Investors

Apple delays plan to have workers in office three days a week

The company is still expecting workers to come to the office two days per week

Oil declines as OPEC+ decision on production takes center stage

OPEC+ ministers say pumping more oil won’t ease gasoline prices

Soaring demand ahead of the peak US driving season is sending refining margins to extraordinary heights

dnata

Dubai’s dnata invests over $17m to boost Erbil operations

Dnata currently provides passenger, ground and cargo services to over 25 airlines in Erbil

ADNOC

ADNOC begins process to list Borouge on Abu Dhabi Securities Exchange

It intends to float 10 per cent of its petrochemicals joint venture that it entered into with Austria’s Borealis

RTA-bus-dubai

Dubai’s RTA resumes 4 intercity bus services, launches new intra-city route

The F38 service which will begin operation on May 19 will connect Jumeirah Golf Estates Metro Station to Dubai Sports City

UAE reports 281 Covid-19 cases, 330 recoveries

The total number of recorded cases in the country has risen to 903,084

Julphar

UAE’s Julphar records Dhs1.9m in net profit for Q1 2022

Julphar recently announced its 2030 growth strategy

Elon Musk sells $6.9bn of Tesla shares, first since April

Elon Musk says Twitter must prove bot claims for $44bn deal to proceed

Musk shocked the market last week when he tweeted that his offer to buy Twitter was “temporarily on hold”

Aveva

Aveva launches enhanced digital twin with wearable scanning

Aveva’s clients may now experience a complete digital twin within 60 days, even if there are no existing models

Berkshire Hathaway

Berkshire tweaks bank play with $2.9bn bet on Citi

Berkshire’s now betting on Citigroup as new management takes over

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

Dubai’s Emaar Properties records 241% increase in net profit for Q1 2022

Emaar Properties’ revenue for the first quarter of the year increased by 12 per cent to total $1.806bn