GCC region M&A blazes trail as global deals decline

UAE’s Bayanat and Yahsat agree potential Dhs15bn merger

The merger is subject to regulatory and shareholder approvals and is expected to close in the second half of 2024

Apple to stop US sales of its latest smartwatches over patent dispute

Apple to halt US sales of Series 9, Ultra 2 smartwatches over patent dispute

The tech said it would pause sales of the watches from its website starting on December 21 and from Apple retail locations after December 24

BP the latest to pause Red Sea shipping as Houthi attacks increase

BP has temporarily paused all transits through the Red Sea while oil tanker group Frontline said its vessels would avoid passage through the waterway.

flynas takes delivery of 3 A320neo aircraft

Saudi budget carrier flynas takes delivery of 3 A320neo aircraft

The airline has taken delivery of 18 out of 19 new A320neo aircraft scheduled for delivery in 2023

UAE launches work permit for private tutors

UAE visa: MoHRE, MOE introduce new private teacher work permit

The new permit will protect the rights of teachers, and ensure students receive quality education

BNPL startup Tamara raises $340m, now valued at $1bn

BNPL startup Tamara now valued at $1bn after raising $340m

With this transaction, the BNPL platform will have raised a total of $500m in equity funding, and well above $400m in debt financing

DP World to move headquarters to Expo City Dubai

DP World to relocate global head office to Expo City Dubai

The new head office provides a platform for clients and partners to engage with the port operator’s entire portfolio

RTA unveils Dhs1.6bn digital strategy

Dubai’s RTA unveils Dhs1.6bn digital strategy

The digital strategy implementation will be carried out over four phases spanning seven years

Heathrow airport road sign

Heathrow stake sale to PIF opens door for a resurgence in airport deals

Heathrow’s sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis

ADQ, Azerbaijan’s AIH form joint investment platform

ADQ, Azerbaijan Investment Holding form joint investment platform

The venture will seek and leverage investment opportunities to generate sustainable financial returns on deployed capital

Maersk

Oil shipments on Maersk vessels could re-route via Cape: Reports

The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area

oil production cuts

Oil market comfortably supplied despite OPEC+ cuts: Insight

Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources

ADNOC to buy OCI stake in Fertiglobe for $3.62bn

ADNOC to buy OCI stake in Fertiglobe for $3.62bn

ADNOC will become the majority shareholder in Fertiglobe, increasing its shareholding to 86.2 per cent, with 13.8 per cent remaining in free float on ADX

WATCH: Sheikh Hamdan takes the wheel — or not? — in self-driving taxi

The test follows RTA’s announcement in 2022 to set up Dubai as the first international market for Cruise

Abu Dhabi launches free Hala Wi-Fi across emirate

Abu Dhabi launches free Hala Wi-Fi across emirate

The initiative is provided in collaboration with UAE service providers and offers public Wi-Fi coverage in various locations

dubai duty free

Dubai Duty Free offers up exciting promotions to mark 40 years of operations

In line with its anniversary celebrations, the retailer has announced a slew of promotional offers for travellers until December 20

Abu Dhabi bourse, CASE join hands to boost cooperation

Abu Dhabi bourse, CASE join hands to boost cooperation

The go-live implementation is expected to take place early next year and once operational, investors will gain the ability to directly trade on both exchanges through licenced brokers

Dubai airport expects 4.4 million passengers festive season

Dubai airport to serve 4.4 million passengers this festive season

Dubai International is preparing for an exceptional spike in guest numbers, with an estimated 279,000 passengers on December 22

Etihad Rail

Etihad Rail: 9 amazing facts about this growing network

The UAE’s national rail network has made great strides since the project’s inception in 2016

NEOM - UTAMO

Saudi’s Neom announces new destination for art and entertainment

Set to be built along the Gulf of Aqaba, Utamo, is crafted as an immersive destination for art and entertainment

How banks are leveraging the power of GenAI

GenAI is an excellent tool to improve research for faster processing of more data from a wider range of sources to support decision-making

abu dhabi road closure

Abu Dhabi: 8 hour-long road closure for ADNOC marathon on Saturday

The ITC has released details of the closure that will follow the path of the marathon

HUAWEI 5.5G

5.5G to usher in a new era of AI-powered intelligence in the Middle East

The introduction of 5.5G represents a significant leap forward in mobile communications technology, and brings with it limitless opportunities, for the future

Google

Google’s court loss to Epic Games may cost billions

Epic Games will now have a chance to submit a court filing on how it wants Google’s Play Store to be fixed

Tesla appoints Vaibhav Taneja as CFO

Tesla recalls nearly all vehicles on US roads over lack of Autopilot safeguards

Tesla will roll out the update to 2.03 million Model S, X, 3 and Y vehicles in the US dating back to 2012

BLAST WORLD PREMIER FINALS - ESPORTS AND GAMING

Has gaming pipped banking as a more lucrative profession? Blast World Premier Final features $1m purse

The CS:GO Blast World Premier Final 2023 brings together top gaming teams from around the world

Abu Dhabi International Airport - UAE megaprojects

7 remarkable megaprojects unveiled in the UAE in 2023

These projects symbolise the UAE’s commitment to innovation, sustainability, and cultural harmony

Dr Ulrich Ehmes on the new generation of batteries

Insights: Powering the energy transition with new batteries

For renewables to become the energy source of choice, battery-industry innovation is a must.

Saudi Aramco enters Pakistan with a 40% stake in GO

Saudi Aramco to acquire 40% stake in Pakistan fuel retailer GO

The state-energy firm said the transaction is subject to certain customary conditions, including regulatory approvals