Saudi Arabia’s growth outlook boosted by IMF on oil surge

The kingdom’s economy expanded 6.7 per cent on an annual basis during the fourth quarter of 2021

uae central bank

UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021

Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021

Khalifa Fund, UAE FBMG launch second edition of F&B Innovation Lab

The programme will incubate the entrepreneurs with the most viable and scalable food and beverage concepts, rooted in sustainability and health

Why Thales believes cybersecurity should be seen as a business enabler

With the increase in the cyberthreat landscape, urgent action is needed by businesses to develop more robust strategies, says Emmanuel de Roquefeuil, VP, Thales – Middle East

Emirates Health Services implements smart patient management solution across UAE

The solution by Sedco streamlines the patient journey to ensure smooth operations, and provide a stress-free experience

Covid cases August 3

UAE reports 229 Covid-19 cases, 408 recoveries

The nationwide case count has risen to 895,892

HSBC becomes first international general clearing member on Dubai Financial Market

The bank will be able to provide clearing and settlement services to its customers worldwide and to other DFM trading members

ADGM Academy, Human Resources Authority and Banque Misr sign MoU

The three entities will launch a banking educational programme at ADGM to train and certify Emirati nationals for employment in the private sector

How solutions provider Embed is fostering cashless payments across family entertainment centres

In an exclusive conversation, Renee Welsh, chief executive officer at Embed explains how their primary objective is to continue revolutionising the industry

UAE’s FAB partners with IBM to accelerate digital transformation

IBM’s team of experts will work with FAB to modernise existing applications and enhance the digital footprint of FAB’s customers

DCT Abu Dhabi

Dubai’s Emirates increases flights to Algeria

The carrier will utilise its Boeing 777-300ER aircraft between Algiers and Dubai

Oil

Oil edges lower as traders weigh China lockdowns, Libyan strife

Oil has advanced more than 40 per cent this year

ServiceNow appoints country managers for UAE, Saudi

The digital workflow company eyes UAE and Saudi Arabia markets, selecting leaders with proven records in strategy, growth and team building

Equiti metro station dubai

RTA rebrands Umm Al Sheif metro station in Dubai

It has granted Equiti Group naming rights of the station for the next 10 years

Why OPPO remains ahead of the curve with its Reno7 Pro 5G

Claimed to be the portrait expert, OPPO’s Reno7 Pro 5G allows easy capturing of professional looking portraits

Abu Dhabi

Non-oil contribution to UAE’s GDP reaches 72.3% in 2021

The non-oil contribution to the country’s GDP in 2020 stood at 71.3 per cent

UAE’s flydubai resumes service to Gassim, Saudi Arabia

Budget carrier flydubai’s network in Saudi Arabia has now grown to eight destinations, including AlUla, Dammam, Jeddah, Madinah, Riyadh, Taif and Yanbu

Bitcoin falls to lowest in a month as risk aversion takes oll

Bitcoin has been struggling along with risk assets in recent months

Dubai Custom’s Logistics City Center clears Dhs1.6bn of goods in Q1 2022

The Dubai Logistics City Customs Center reported that it completed 48,000 transactions in the first quarter of this year

DEWA EV Green Chargers provide 8,800+ MWh of electricity to date

DEWA’s EV Green Charger network has expanded to over 325 charging stations across Dubai, serving 5,107 electric vehicles as of January 31

The battle of iOS vs Android: Is there ever a right choice?

Is switching from iOS to Android the right choice or is staying true to your comfort zone of using a specific operating system the way to go?

Sharjah: SEWA carries out 35 road and street lighting projects during 2021

SEWA’s projects included the installation of 7,132 new lighting poles, laying 215 km of cables and installing 97 lighting boxes

Covid cases July 29

UAE reports 198 Covid-19 cases, 370 recoveries

The nationwide case count has risen to 895,663

Dubai Chambers

Dubai Chambers rebrands and showcases new corporate identity

Dubai Chambers includes three entities: Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy

Elon Musk

Twitter board’s interest not aligned with holders, Musk says

Since making the offer, Musk has been actively posting on his Twitter account in what appears to be a social media campaign

Abu Dhabi’s Mubadala, BlackRock Real Assets invest in Tata renewable unit

The investor group will get about 10.53 per cent stake in Tata Power Renewable Energy Ltd

The most important element of tech entrepreneurial success

The formula for a profitable startup has vital factors that can either make or break the path, says Jaideep Dhanoa, co-founder and CEO of Fenix, and member of Entrepreneurs Organisation UAE Chapter

ADNOC, FAB execs named ME’s top brand guardian CEOs

Brand Finance named Middle East CEOs Dr. Sultan Ahmed Al Jaber, Hana Al Rostamani and Olayan Mohammed Al Wetaid in its Brand Guardianship Index

Dubai-based Stake hosts MIT student team for six-month project

The project will entail developing a analytics model that will collect historical market data on Dubai’s residential market dating back over 10 years

Gold rises to five-week high with growing risks boosting havens

The precious metal climbed as much as 0.5 per cent in early Asian trading after capping a second weekly gain