Subaru automaker

Subaru to spend $1.9bn on battery capacity, add EV line

The automaker has started receiving orders for its Solterra model, its first all-electric SUV developed with Toyota

Abu Dhabi’s Mubadala reports 2021 as strongest financial year ever

Mubadala invested Dhs125bn in 2021 in high-growth sectors including technology, life sciences and consumer goods

DXB

Dubai’s DXB records 13.6 million passengers in Q1 2022

DXB is currently connected to 193 destinations across 92 countries via 73 international carriers

Emirates Huawei

ATM 2022: Emirates extends strategic partnership with Huawei

Both firms originally formed a strategic agreement in early 2020 by making the Emirates app available on Huawei’s AppGallery

Abu Dhabi non-oil trade

Abu Dhabi’s non-oil foreign trade reached Dhs61.5bn in Q1 2022

Exports recorded a growth of 35 per cent year-on-year and were valued at Dhs24.449bn

Oil

Oil holds jump as US fuel stockpiles slide before driving season

Oil is up around 40 per cent this year following a strong economic rebound from the pandemic

Air Arabia

Air Arabia reports Dhs291m in net profit for Q1 2022

More than 2.4 million passengers flew with Air Arabia between January and March 2022, across the carrier’s five hubs

Saudi Aramco

Saudi Aramco becomes world’s most valuable stock as Apple drops

Earlier this year, Apple boasted a market value of $3tn, about $1tn more than Aramco’s

Emirates South African

Dubai’s Emirates signs MoU with South African Tourism Board to boost visitor arrivals

The agreement aims to boost visitor arrivals and inbound traffic to South Africa from key markets across the Emirates network

Entrust Cyberknight

Entrust onboards CyberKnight as new distributor for Middle East Region

The partnership will see the two companies jointly build solutions for the Middle Eastern market

airport

Abu Dhabi International Airport welcomes 2.56 million passengers in Q1 2022

The airport currently offers flights to 99 destinations across the globe on 26 airlines compared to 81 destinations on 18 carriers during Q1 2021

Covid-19

UAE reports 312 Covid-19 cases, 264 recoveries

The nationwide case count has risen to 901,076

Apple

End of an era: Apple discontinues its last iPod model

The touch-screen model, which launched in 2007, will remain on sale until supplies run out

Dr Alzarouni

Dr Marwan Alzarouni joins Everdome as official advisor

Dr Alzarouni is known for his work as the CEO of Dubai Blockchain Center and serves as the managing partner at innovation consultancy Accelliance

Digital dentistry

Align Technology expands regional footprint into Oman

Orthodontists in Oman will now be able to receive Invisalign training in order to provide clear aligner therapy to their patients

Emirates DCT Abu Dhabi

ATM 2022: Emirates signs MoU with DCT Abu Dhabi to boost tourism

The two partners will collaborate on advertising and cross promotional marketing campaigns, familiarisation programmes and promotional competitions

Dubai SME leverages fintech to support start-ups in partnership with Beehive

BlackBerry partners with Midis Group to drive growth in Eastern Europe, the Middle East, and Africa

Midis Group will focus on driving growth for BlackBerry’s cybersecurity business unit

UAE ransomware

Over 59% of UAE organisations surveyed were hit by ransomware in 2021 – research

The average cost to recover from the most recent ransomware attack in 2021 was $1.26m

Dubai

Dubai welcomes 3.97 million overnight visitors in Q1 2022

In the first three months of 2022, hotels across Dubai achieved average occupancy levels of 82 per cent

Oman posts $927m quarterly surplus after oil prices rose

The Finance Ministry expects the economy to grow 5.6 per cent in 2022, in line with IMF predictions

Agthia Group

UAE’s Agthia Group posts 64% year-on-year rise in net profit for Q1 2022

Agthia’s quarterly net revenues surpassed Dhs1bn for the first time since inception

Solar Plant

UAE invites companies to bid for 40% stake in 1.5 GW solar plant

Abu Dhabi already has two solar parks that will have a capacity of 3.2 GW when fully operational

Emirates

ATM 2022: Dubai’s Emirates signs MoC with Malaysia Tourism Board

Emirates will develop initiatives to boost tourism to the Southeast Asian country, promoting it across its global network

Okadoc

Okadoc appoints new chief executive officer for Saudi Arabia

Taher comes to Okadoc with over 15 years of experience in the industry

Multi-factor authentication

Multi-factor authentication to generate $27bn globally for mobile operators in 2022 – research

A Juniper Research study found that operators will generate this revenue from termination of SMS messages related to multi-factor authentication

Voco

Voco Dubai The Palm hotel set to open in the fall of 2022

It will be IHG Hotels & Resorts first property on Palm Jumeirah

ATM 2022: Saudia launches new B2B travel management solution

The division will have a dedicated meetings and events team that assists with corporate travel needs and event organisation worldwide

UAE reports 280 Covid-19 cases, 259 recoveries

The nationwide case count has risen to 900,764

Masaar

Sharjah’s Arada awards contracts worth Dhs460m to build Masaar’s residential phase

Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts

Abu Dhabi

Abu Dhabi’s ADQ announces EUR4bn investment partnership with Greece

The agreement underscores growing economic ties between the two countries and will drive investor interest in Greece