UAE’s Emirates Steel’s exports reach 56 markets in 2020-21

Emirates Steel’s exports represented 45 per cent of its total sales volumes last year, with the balance sold within the UAE

Saudi Arabia’s real GDP grows 3.2% in 2021

The kingdom’s real GDP grew by 6.7 per cent in the fourth quarter of 2021

Dubai’s real estate market backed by strong buyer appetite

Husni Al Bayari, chairman and founder of D&B Properties as well as portal, houza, shares his outlook for the real estate sector

Falcon Island by Al Hamra

Al Hamra unveils Dhs1bn Falcon Island residential project in Ras Al Khaimah

The North Island will be constructed in Phase 1 and will consist of 240 villas, ranging from two- to seven-bedrooms, with prices starting from Dhs1.2m

Kuwait’s Ali Alghanim plans rare family-owned local listing

The company will sell a 45 per cent stake in the listing

Justclean secures $6m funding led by Gulf Investment Corporation

The Gulf region’s $3bn cleaning industry is driven mostly by independent service providers

UAE’s e& offers to boost stake in Mobily in $2.12bn deal

E& offered SAR47 a share for a higher stake in Mobily, a 22.2 per cent premium to its Tuesday’s closing price

Louvre Abu Dhabi

Aldar Properties launches world’s first Louvre-branded residences in Abu Dhabi

Located within Saadiyat Grove, Louvre Abu Dhabi Residences will feature 400 apartments including five penthouses

Oil edges higher after three-day slide as volatility continues

The US Federal Reserve raised interest rates by a quarter percentage point

OPPO launches Reno7 series across GCC

The Reno7 series is available to pre-order from March 16, 2022, across the GCC region with additional gifts worth up to Dhs797

Vaccinated and unvaccinated UAE residents can now visit Israel

Travellers from the UAE will still have to present a negative PCR test taken before departure and after arriving in Israel

UAE reports 318 Covid-19 cases, 1,073 recoveries

The nationwide case count has risen to 886,301

Gisec Global 2022 to drive industry fightback against cyberthreats

100 ethical hackers to find and fix security flaws in electric cars, smartphones and drones at Gisec Bug Bounty programme

UAE’s Masdar announces start of construction for solar PV plant in Azerbaijan

Masdar also signed agreements related to the development of additional clean-energy projects across the country

Dubai Metro Music Festival

Here’s where you can catch the Dubai Metro Music Festival

It will be held from March 16-22 across five metro stations in the emirate

Emirates

Emirates Skywards and ICICI Bank to launch new co-branded credit card in India

India is home to Emirates Skywards’ fifth largest membership base

Bitcoin jumps above $41,000, challenging past week’s tight range

Bitcoin had spent the past few days mired in the tightest trading range since October 2020

Wizz Financial to introduce live digital payment platform in the UAE

Wizz Financial will partner with NPCI International Payments (NIPL), the international arm of National Payments Corporation of India

Unsplash images

Google to acquire cybersecurity firm Mandiant for $5.4bn

Google will purchase Mandiant for $23 a share in an all-cash deal, according to a statement

How going digital is the best way forward

A digital revolution is taking shape, helping companies become more innovative, sustainable and resilient

Tier Mobility launches e-bikes in the Middle East

Bahrain is the first country in the Middle East to receive Tier’s e-bikes

UAE reports 280 Covid-19 cases, 947 recoveries

The nationwide case count has risen to 885,983

Getty Images

Gartner identifies top security and risk management trends for 2022

Security leaders must evolve strategies to protect an expanding digital footprint against emerging threats

Dubai’s Emirates to commence daily service to Tel Aviv in June

The first flight taking off from Dubai on June 23 will operate as EK931

Bahrain’s Central Bank issues operating licence to Binance

Bahrain is the first GCC country to issue regulatory approvals to the blockchain and cryptocurrency infrastructure provider

Gold

Gold holds decline as bond yields surge before Fed meeting

Bullion has eased after rallying to within $5 of a record last week

E-commerce

UAE e-commerce market valued at over $5bn in 2021

Total e-commerce in the UAE is projected to cross $8bn by 2025

Saudi pharma retail chain Al-Dawaa surges in trading debut

The shares surged as much as 18 per cent to SAR86.1

Crypto Oasis gears up to add up to 1,000 blockchain organisations

As of March 2021, this fast-growing ecosystem reached over 700 organisations operating out of the UAE

Dubai Electricity and Water Authority

Dubai Electricity & Water Authority to sell 6.5% stake in IPO

The offer price range will be announced on March 24 with an expected trading debut on April 13