German auto giant Volkswagen inaugurates regional HQ in Doha

The newly-established Volkswagen Group Middle-East Group will lead and support the company’s activities in all markets in the region

Abu Dhabi: Bloom Holding’s Cordoba sells out in four hours

Cordoba, which is part of the first phase of Bloom Living in Abu Dhabi, is scheduled for completion by the fourth quarter of 2024

Dubai saves 329MW of electricity during Earth Hour 2022

This year’s Earth Hour was held under the theme ‘Shape Our Future’

Bitcoin is struggling below $45,000 but there are signs it could break out

Bitcoin is well above its 50-day moving average, which currently sits around $41,085

Dubai real estate

How Dubai’s secondary residential market has gained momentum

Early indicators show positive trends for the secondary residential market

UAE corporate tax: Key elements to consider

The UAE will likely continue to attract highly qualified individuals into the country

How 2021 was a record year for M&A

Regional and global M&A activity witnessed strong growth last year

Getty Images

Say goodbye to batteries, thanks to zero-power communication

Zero-power communication technology is the next logical step in the future generation of B5G and 6G communications networks

Air Arabia Abu Dhabi to introduce new service to Istanbul

The new service represents the 17th route for the carrier since its launch

Covid-19 cases July 27

UAE reports 347 Covid-19 cases, 882 recoveries

The nationwide case count has risen to 889,452

ADNOC Distribution approves H2 2021 dividend of Dhs1.285bn

This brings the total dividend for 2021 to Dhs2.57bn

Saudi developer Dar Al Arkan enters Oman with SAR6bn project

Located 20 minutes from Downtown Muscat, the project is spread over a total area of 11 million sq m, and will comprise of 3,500 residential units and two hotels

Business24-7 expands services to online traders in the MENA region

The online portal, which guides users through the complex process of finding the right broker, features objective broker and trading platform evaluations

Reshaping the current technological paradigm

Shunli Wang, vice president of Huawei Middle East, tells Gulf Business about the upcoming headwinds that will impact regional governments, telecom operators, and the wider ICT ecosystem

Help AG becomes a Microsoft partner in the GCC

The partnership will enable Help AG to provide services based on all Microsoft security products, including Microsoft Sentinel and Defender

Abu Dhabi’s Multiply Group to invest Dhs367m in DEWA IPO

In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola

UAE: Unit 2 of Barakah nuclear energy plant starts commercial operations

Unit 2 adds a further 1,400MW of clean electricity to the national grid

District 2020’s entrepreneurship programme to welcome first cohort of 85 startups, small businesses

The Scale2Dubai programme attracted more than 3,200 applications from 129 countries

Alpha Dhabi invests Dhs367m in DEWA’s IPO

The investment has been made through its subsidiary Alpha Dhabi Partners Holding

Egypt’s EFG Hermes Holding reports EGP1.5bn in net profit in 2021

The group’s revenues crossed the EGP6 billion mark for the first time

Alfa Romeo F1 team Orlen joins Everdome

Everdome will provide the team with the advanced metaverse experience, allowing fans and the wider racing community to connect with the team

Cybersecurity firm Dragos announces opening of Dubai office

The office houses industrial cybersecurity staff and training centre

Khalifa University first in UAE to make courses globally available on Coursera

The university joins top institutions in Saudi Arabia and Jordan to make relevant content accessible to online learners

Dubai: Pupil sells first-ever verified NFTs of digitised real-world properties

The first sale globally was to a senior banking executive in Dubai

New iPhones help 5G handsets capture more than half the market

Phones with the advanced technology made up 51 per cent of units sold, according to Counterpoint Research data

Etihad Airways

Etihad: New co-branded credit card gives complimentary gold tier status

The Emirates NBD Etihad Guest Visa Credit Cards are available as Elevate and Inspire variants

Hub71 leads Dhs1.5bn investments for Abu Dhabi startups

Hub71 businesses have a combined worth of Dhs5.87bn, and almost 1,000 jobs have been generated since its establishment in 2019

UAE’s DEWA IPO subscription period opens today

The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn

Abu Dhabi’s ADQ, Turkey Wealth Fund launch $300m venture capital fund

The fund will invest in companies developing emerging technologies or improving existing ones in key sectors

Aramco and ACWA Power look to join Saudi carbon trading exchange

The kingdom’s sovereign wealth fund signed non-binding memorandums of understanding with five companies