Dubai’s DEWA boosts retail offer in one of region’s biggest IPOs

Including the employee tranche, retail investors will represent 9.2 per cent of the deal

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How the food industry can evolve its sustainable business models

Almost 50 per cent of global consumers are considering sustainability attributes when purchasing food and beverages

Abu Dhabi’s twofour54 launches new offering for broadcasting and gaming sector

Twofour54’s new flexible, technology-driven solutions can enable production cost savings as high as 80 per cent, says the company

Sahar Khan, marketing director, dubizzle and Bayut, on why performance, passion and results can transcend bias

Khan says we need to stop thinking there are gender-based challenges and embrace the opportunities instead

New e-grocery startup Raha launches in Kuwait

Raha raised $7m in its seed round of funding, led by Saudi’s Aujan Investments, Kuwait’s NOX Management and London-based Cedar Mundi Ventures

Emirates mobile check-in ports

Emirates introduces new mobile check-in ports at Dubai International airport

Staff at the 25 ports located in Terminal 3 will help customers weigh their bags, tag their luggage, and issue their boarding passes too

UAE’s flydubai to launch services to Pisa in June

Flydubai, which is the first carrier in the UAE to operate direct flights to the Italian city, is also resuming services to Catania in June

UAE’s ADGM and Finastra team up for ‘Hack to the Future 4’

ADGM’s hackathon is seeing participants explore innovative ideas around themes of ESG, embedded finance and decentralised finance

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Panasonic to spend $5bn on EV cells, supply chain software

The Osaka-based firm will invest 400 billion yen in growth areas including electric vehicle cells

Aldar Properties acquires Rixos Bab Al Bahr for Dhs770m, takes total investment in RAK to Dhs1.5bn

Aldar has also secured development rights for an additional 250,000 sq ft of gross floor area for residential and commercial use as part of the deal

Data streaming platform Confluent opens Middle East headquarters in Dubai

The channel is an integral part of the company’s go to market strategy in the UAE

Air Arabia to resume direct flights to Bodrum and Antalya from Sharjah

The carrier has existing services to Istanbul and Trabzon in Turkey

Where is Bitcoin heading? Look at the options market

Demand for call options that give the right to buy the cryptocurrency in the future has climbed this month as Bitcoin’s spot price rallied

UAE raises fuel prices for April 2022

It is the third consecutive month that fuel prices have increased

Gold steady after best quarter since 2020 on rising haven demand

US inflation-adjusted consumer spending declined in February

Dubai Industrial City

Etihad Rail to build freight terminal at Dubai Industrial City

The 5.5 million sq ft terminal will have a capacity to handle 5 million tonnes

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Dubai’s DP World launches e-commerce platform in Tanzania

The latest expansion of dubuy.com follows launches in Kenya and Rwanda last year

MSI upgrades its business laptops with 12th Gen Intel core processor

The series is also implemented with enterprise-grade securities such as webcam and port locks, discrete TPM support, and webcam status notification

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UAE’s e& partners with Meta to drive innovation

The companies will work together on use cases that integrate with the latest Meta products and solutions

Data centre

Equinix to build data centre in Salalah, Oman

Work is underway to establish a new subsea cable interconnection hub linking Asia, Africa and Europe in partnership with Omantel

Women in tech: Gina Collignon, VP and head of Marketing at SAP

My advice to women in technology is always be ready to learn and develop, keep an open mind and thrive for excellence in every task you do

Huawei’s R&D investment soars to $22.4bn in 2021

The company’s total revenue in 2021 reached $99.9bn, and generated a net profit of $17.8bn

Dubai’s real estate market on a positive growth trajectory

The market is seeing a rise in first-time buyers, taking 80 per cent loan-to-value mortgages, payment plans and offers from developers

Saudi Investment

Saudi Arabia makes $5bn deposit in Egypt Central Bank

It is part of the kingdom’s efforts to support Egypt’s economy

ASUS Vivobook 13 Slate OLED: The latest ultraportable device with Win 11

This versatile 2-in-1 device is best known for its all-in-one productivity and entertainment capabilities

Oil retreats as US weighs reserves release to combat inflation

West Texas Intermediate futures slid 5 per cent to trade near $102 a barrel, trimming a monthly advance

Container Ship

UAE’s AD Ports Group to manage operations at Egypt’s Ain Sokhna Port

A feasibility study will be conducted into the future development of Ain Sokhna Port to explore potential investment opportunities to enhance its capacity

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UAE’s car rental platform Selfdrive launches in Qatar and Bahrain

The company aims to acquire 50-65 per cent of the digital rental market share in these markets

UAE reports 288 Covid-19 cases, 770 recoveries

The nationwide case count has risen to 890,987

GrubTech and Paymob partner to modernise Egypt’s F&B payment ecosystem

An integrated payment solution will benefit not just restaurateurs, café owners, and cloud kitchen operators but also consumers