Microsoft confirms hacker group Lapsus$ breached its systems

The hacking group has been expanding the geographic range of its targets

KFC Operator

Middle East KFC operator starts early talks over listing

Discussions are ongoing, but no advisers have been hired

Dubai’s Shuaa Capital launches $250m venture debt fund

The fund claims to be the largest venture debt fund in the GCC

UAE reports 332 Covid-19 cases, 974 recoveries

The nationwide case count stands at 888,715

ADNOC

Abu Dhabi’s ADNOC signs agreements with German companies to collaborate on clean hydrogen

The partnerships build on ADNOC’s position in Asian clean hydrogen markets

US Esports Academy signs strategic partnership with Challenger Sports

USEA will work closely with schools, universities, and community groups to help support, establish and develop their esports programmes

Dubai’s Emirates to boost services to Melbourne

The carrier’s Australian operations will increase to 42 weekly flights

Oil set for $150 on supply shock, says veteran trader Doug King

Supply losses are likely to dwarf any demand destruction

Lebanon’s Central Bank chief charged with money laundering

Riad Salameh is also under investigation in France and Switzerland

Biggest Saudi listing since Aramco surges on trading debut

Nahdi’s IPO is the largest listing in the kingdom since Saudi Aramco raised almost $30bn in 2019

Flydubai

Flydubai to temporarily operate flights to 34 destinations from Dubai World Central

The Roads and Transport Authority will provide a complimentary bus service between all terminals at DXB and DWC every 30 minutes

Hands-on review: Redmi Note 11

The smartphone features Qualcomm Snapdragon 680 processor, quad cameras, and a 90Hz AMOLED display

Dr Jan Becker, CEO of Porsche Lifestyle Group

From real estate to horology, Porsche Design marks 50 years of pushing the boundaries

Dr Jan Becker, CEO of Porsche Lifestyle Group, is taking the powerful brand name and applying it far beyond the automotive world – across hotels, residential towers and accessories – and then pushing even further

China Eastern

China jet’s nosedive from 29,000 feet baffles crash specialists

Flight MU5735 was at about 29,000 feet altitude roughly 100 miles from its destination when it started plunging at a far greater rate than normal

Germany’s Deutsche Hospitality partners with Al Hamra

Deutsche Hospitality will manage Al Hamra Residences and Al Hamra Village Hotel, which will rebrand as Steigenberger Residences and MAXX by Deutsche Hospitality

UAE reports 316 Covid-19 cases, 958 recoveries

The nationwide case count stands at 888,383

Bahrain sees higher oil helping it beat budget balance target

The International Monetary Fund estimates Bahrain needs oil prices of around $107 a barrel to balance its budget

Abu Dhabi Islamic Bank approves cash dividend equalling 48.5% of net profit for 2021

The bank’s shareholders also elected a new board of directors

Dubai Airports to close DXB’s northern runway for 45 days

A number of flights will be redirected to Dubai World Central to limit the impact on service

Women in business: Diversity, equity and inclusion at the workplace

The HR director of Veolia Middle East says human resources teams have to lead the way to promote gender equality and foster inclusivity in the company

International Fund for Agricultural Development

Investcorp’s investments into European real estate portfolio climbs to EUR1.1bn

The investments were spread across 80 properties in the UK, Germany, the Netherlands, Italy and Belgium

Oil advances as EU debates possible ban on Russian crude imports

The jump in oil is fanning inflation in economies around the world

Dubai Holding introduces ‘Tickit’ to reward members

The new rewards programme gives members a chance to earn between 0.5 per cent and five per cent in points for every transaction at participating brands or outlets online and in-store

Resecurity introduces dark web intelligence in Saudi Arabia

The US-based company recently exhibited their solutions and shared their expertise at the World Defense Show in the kingdom

UAE’s ADGM, FSRA look to amend capital markets framework

ADGM’s FSRA has published a paper proposing wide-ranging amendments covering virtual assets, securities, derivatives, commodities and benchmarks

UAE property rentals: short term versus long term

Looking to list your home as a short-term or long-term rental property, or planning to rent a property for a year or more? The CEO of Dubai-based property management firm, Frank Porter, shares the pros and cons

How RFID is reinventing retail stores in the Middle East

Zebra Technologies EMEA’s retail industry director shares how RFID technology is playing a growing role in the omnichannel retail environment

Abu Dhabi’s Yas Mall to introduce over 100 new retail stores by summer

Yas Mall is increasing its food and beverage and entertainment offerings by over 50 per cent, and introducing a dedicated home furnishing district

In pics: Commander-in-chief, Dubai Police, opens Gisec Global 2022

More than 300 global cybersecurity brands are showcasing technologies at the event

Mubadala Petroleum starts gas production from Malaysia’s Pegaga field

Mubadala Petroleum, which has been present in Malaysia since 2010, is the operator of Block SK 320 and holds a 55 per cent interest in it