Twitter, Musk deal includes $1bn termination agreement

The billionaire entrepreneur is taking the 16-year-old company private for $54.20 a share

EX Sports Binance NFT

EX Sports, Binance NFT to launch unique Urbanball NFT collection

The ‘Mystery Box Collection’ is scheduled to go live at 3pm on May 3, 2022

Dragos

How cybersecurity firm Dragos is at the forefront of addressing industrial cyberthreats

Cyberattacks targeting critical industries such as power, oil and gas, mining, can be motivated by more disruptive or destructive intents

Tenable Bit Discovery

Tenable to acquire external attack surface management vendor

Tenable will acquire Bit Discovery for a total purchase price of $44.5m in cash

TA’ZIZ, Reliance Industries Limited

UAE’s Ta’ziz, Reliance sign agreement for Ruwais chemicals project

These chemicals will be produced in the UAE for the first time creating new revenue streams and opportunities for local manufacturers

US esports academy

How athletes are gleaning support from coaching programmes at US Esports Academy

In an exclusive interview, Johan van Breda, CEO of US Esports Academy shares their current innovations in the esports infrastructure

Dubai Airports closure

Dubai Airports announces capacity shift to DWC during runway closure

Dubai World Central will re-open its guest experience and service touch points to ensure a smooth transition for passengers during the DXB’s runway closure

Etihad iFly

Abu Dhabi’s Etihad Airways launches iFly corporate booking platform

Premium partners will be able to unlock exclusive discounts including extra baggage, bonus miles and priority check-in for all bookings

E-Scooter permits

RTA to open online applications for e-scooter permits in Dubai

The applicant should not be under the age of 16 and will need to undergo a training course on the RTA’s website

National Bank of Fujairah

National Bank of Fujairah posts 43.7% rise in net profit for Q1 2022

The bank’s operating income for Q1 2022 reached Dhs412.8m, up 14.6 per cent compared to compared to Dhs360.2m recorded during a year-earlier period

Emirates to add extra flights

Dubai’s Emirates to add extra flights, more seats across GCC, Middle East

Customers can purchase tickets on the carrier’s website, at its sales offices or via travel and online travel agents

customer experience

Technology underpins customer experience. Here’s how.

Through the efficient use of digital tools, companies can deliver frictionless results, improving both customer experience and profits

UAE reports 207 Covid-19 cases, 336 recoveries

The nationwide case count has scaled to 897,558

Zubair Corporation

Oman’s Zubair Corporation launches digital transformation project in partnership with SAP

The Zubair Corporation subsidiaries across industries will benefit from real time business insights amid company’s growth strategy

Oil Holds Drop Below $100

Oil holds drop below $100 as traders weigh China’s lockdowns

West Texas Intermediate futures were steady in early Asian trade after sliding 3.5 per cent on Monday

New Takaful provider

Dubai, Abu Dhabi companies to merge to create new Takaful provider

The merged company would benefit from cross-selling opportunities via increased geographic footprint and via capitalising on larger underwriting capacity

business planning

Five steps to improving your competitive edge with integrated business planning

Here’s how to successfully integrate business planning taking into account the impact on people, processes and the technology

Logistics vertical_Jassem Busaibe CEO of Aldar Investments

Aldar Investment launches logistics real estate vertical

The newly launched logistics vertical will focus primarily on the UAE, with the potential to expand into Saudi Arabia and Egypt

Green hydrogen sector

The digital road to the green hydrogen sector

Data-led development can help build a responsive and resilient clean hydrogen energy sector

Cloud HR

Here’s why cloud holds the key to HR transformation

By automating processes and cutting costs, cloud platforms can be a game-changer for productivity and efficiency

Instagram tool

Parental supervision tools for Instagram

The new update to Instagram, already available in the US and slated to roll out globally, allows teens to invite a parent to supervise their accounts

Faces to watch 2022

Promising faces to watch in 2022

We look at three enterprising Arab business leaders making their presence in sectors such as technology, food and beverages and consultancy services

Agtech Red Sea farms

Agtech Red Sea Farms completes $18.5m fund raise

The agtech company will use the funds for its global and regional expansion plans, including the expansion of its fresh produce business in the GCC

air arabia gujarat

Air Arabia Abu Dhabi to begin flights to Indian city in Gujarat

It represents the seventh city in India that Air Arabia Abu Dhabi will connect with direct services

ADCB Q1 2022 earnings

ADCB reports 32% rise in net profit to Dhs1.48bn for Q1 2022

ADCB reported that its Hayyak onboarding app registered a record number of around 57,000 new customers in a single quarter

Comodo distilogix

Comodo Security Solutions partners with UAE-based Distilogix

Both companies aim to assist organisations in moving to a modern and full-proof approach to protecting themselves from cyberattacks and security breaches

e& UAE q1 2022

UAE’s e& reports net profit of Dhs2.4bn in Q1 2022

First quarter consolidated revenues grew by 0.8 per cent to Dhs13.3bn, with the consolidated net profit rising by 3.6 per cent year-over year

Indonesia UAE reinsurance agreement

Indonesia, UAE sign reinsurance agreement to boost bilateral trade

The two state-owned institutions will make it easier for UAE and Indonesia-based companies to access funds to pursue their international expansion

Elon Musk

Tesla CEO Elon Musk acquires Twitter for $44bn

Twitter will become a privately held company, upon completion of the transaction

Swvl

Swvl buys Turkish transit firm Volt Lines in latest deal spree

Volt Lines serves customers and corporate clients in Turkey with an alternative to public transportation and personal ride-hailing services