UAE reports 208 Covid-19 cases, 567 recoveries

The nationwide case count has risen to 894,070

Dubai’s dnata inaugurates new cargo centre at London Heathrow airport

In 2021, dnata handled in excess of 500,000 tonnes of cargo in London

UAE’s Right Farm raises $2.8m in seed funding round

DisruptAD, ADQ’s venture platform, and Enhance Ventures, the venture studio for the MENAPT region, led the seed equity funding round

Saudi’s Shrimp Nation plans UAE expansion with Dhs10m investment

The seafood restaurant chain has 18 branches in Saudi Arabia and plans to open more across the UAE, Bahrain, Oman, Qatar, Jordan and Egypt

UAE’s Al Seer Marine commences work on its first ‘very large gas carrier’

Lucky Gas, Al Seer Marine’s first VLGC, is expected to be completed and delivered by March 2023, with work on the second VLGC scheduled to commence in May

Air Arabia Abu Dhabi launches new route to Chennai

The new service to Chennai represents the sixth city that Air Arabia Abu Dhabi will operate to in India after Calicut, Cochin, Trivandrum, Delhi and Jaipur

Electric scooters permitted in 10 districts across Dubai, RTA and Dubai Police announce

RTA called on cyclists to park the shared electric scooters in the designated parking spaces only

Binance receives in-principle approval from Abu Dhabi Global Market

Upon completion of the application, Binance will be able to offer services regarding virtual asset offerings to customers across the MENA region

Bitcoin mining giants eye Middle East, Europe for expansion

Bitcoin miners had been flocking to Texas for its low electricity prices and liberal regulations on crypto mining

Joe & The Juice enters Middle East market ahead of IPO, CEO says

The Copenhagen-based chain will open its first stores in Qatar and Dubai next quarter before setting up shop in Saudi Arabia, Kuwait, Bahrain and Oman by the end of the year

Dubai

Dubai issued 24,662 new business licences in Q1 2022, up 58% y-on-y

Fifty-seven per cent of the new business licences issued were under the professional category and 43 per cent were commercial

Here’s how Metaverse can contribute to the economy

UAE can secure its position as a global and regional hub with Metaverse opportunities, says Juwan Lee, founder and chairman at NexChange Group

How trust in digital payments is priming social commerce for a major uplift

S-commerce has several other factors going in its favour

UAE Superbrands Council’s Niranjan Gidwani on the latest trends shaping the retail sector

The consultant director and member of UAE Superbrands Council talks about the revival of brick and mortar stores, metaverse mania and other developments

How DIFX is bridging the gap between traditional and digital assets

With a growing startup ecosystem and tech-driven individuals, the Middle East region is on the verge of becoming a global fintech leader, says Jeetu Kataria, co-founder and CEO at DIFX

UAE’s Hope Probe captures observations about Mars atmosphere in third batch of data

The Solar Conjunction Phase took place during the data collection period

Here are the technologies being deployed for the UAE’s missions to the Moon and Mars

IT services and systems play a major role in problem-solving, decision making, and smart automation, which is a key objective of the space industry, says Abdulla Ahli, director – IT department, Mohammed bin Rashid Space Centre

Dubai’s D&B Properties launches new brand identity

D&B Properties has grown from a real estate agency that started off exclusively selling off-plan to a multipurpose holding firm with several divisions

ENOC Group opens two service stations in Sharjah

The total number of ENOC’s service stations has now risen to 15 in Sharjah and 164 across the UAE, with the number expected to reach 186 by the end of 2022

Agthia’s shareholders approve 8.25% cash dividend for H2 2021

The total dividends announced by Agthia for 2021 amounted to Dhs130.6m, reflecting a 9.9 per cent rise over the previous year

Insights: Nissan’s Joni Paiva on the four trends shaping the future of mobility

Nissan’s divisional vice president for Africa, Middle East, India and the Oceania region, says the automotive sector’s second major revolution has been driven by three factors: customers, manufacturers and markets

Adani Group

Abu Dhabi’s IHC to invest Dhs7.3bn in India’s Adani Group

The three companies – AGEL, ATL and AEL – are part of the Adani Group’s green portfolio, and have core aspects of ESG woven into their operations

In pics: UAE’s one billion meals initiative begins distribution in five countries

The Mohammed bin Rashid Al Maktoum Humanitarian and Charity Establishment is distributing food parcels containing basic staples such as flour, rice, oil, sugar and dates to beneficiaries

UAE’s GDP grows 3.8 per cent in 2021, beating international expectations

Its GDP reached Dhs1.489tn at current prices, with the growth rate for 2021 reported to be the highest in the region

Etihad Airways could post annual profit for 2022, ahead of plan, CEO says

Tony Douglas confirmed that the carrier turned profitable in the first quarter

Abu Dhabi

Abu Dhabi reports 21.5% growth in new economic licences in 2021

There were 24,077 commercial sector licences issued in 2021, up 21.4 per cent year-on-year

Getty Images

Saudi Arabia, UAE to give $3bn to Yemen in new peace push

Saudi Arabia will also provide $1bn for the purchase of oil products and to support of development projects

Interview: Nour Sabri, founder of BorrowMe, on why renting items is good for the planet

Sabri shares what inspired him to set up the business, which enables people in the UAE to rent almost anything they need instead of buying it

In pics: Dubai’s most expensive residential villa on Palm Jumeirah

The ten-bedroom property with its private beach has just sold for Dhs280m