How UAE is fast becoming an ideal hotspot for blockchain startups

The country offers a business-friendly environment for crypto and blockchain-based businesses

Dubai road-toll operator Salik to seek about $1bn in IPO

Salik road-toll system lines up BofA, Emirates NBD, Goldman for Dubai IPO

It wasn’t clear yet what valuation Salik will seek

Covid-19 test

Abu Dhabi revises cost of PCR test to Dhs40 across the emirate

The directive is effective from today, March 1

Trimble Solutions’ Paul Wallett on the role of construction technology in building the Museum of the Future

In an exclusive interview with Gulf Business, Wallett, the regional director of Trimble Solutions – Middle East and India, tell us how his company’s tech solutions have contributed to building complex structures in the region

UAE reports 605 Covid-19 cases, 1,571 recoveries

The nationwide case count has risen to 879,973

UAE raises fuel prices for March 2022

It is the second straight month that fuel prices have risen

Brookfield to buy 60% of First Abu Dhabi Bank’s payment arm

The bank’s payments business was valued at $1.15bn

Here’s how cybercriminals are using cryptocurrency as a scamming tool

Cryptocurrency organisations have varying cybersecurity requirements, and they must secure their customers’ data at all costs, opines Maher Yamout, senior security researcher at Kaspersky

Emirates Global Aluminium reports $1.5bn in net profit for 2021

Revenue totalled $6.9bn in 2021, compared to $5.1bn in 2020

MeetingVR

Gartner: 25% of people will spend an hour a day in the Metaverse by 2026

Gartner defines a metaverse as a collective virtual shared space, created by the convergence of virtually enhanced physical and digital reality

Dubai Airport

Dubai’s Emirates suspends partner airline flights to select cities in Russia, Ukraine and Belarus

Emirates said that the decision was made due to the closure of airspace over certain areas

Here are the tech trends that will disrupt the Middle East’s automotive industry

Marco Fioravanti, region VP – Product Planning – Africa, Middle East, India, Europe and Oceania at Nissan Motor Co., explains how it looks forward to supporting vehicles become autonomous and electrified

Bahrain to hire advisers for privatisation of state oil firms

Bahrain produces about 200,000 barrels a day

Getty Images

Microsoft targets 5G wireless networks to make its cloud faster

Microsoft is updating its Azure for operators products and strategy on Monday at Mobile World Congress in Barcelona

Saudi oil discovery

Saudi announces discovery of natural gas fields across four regions

Saudi Aramco has discovered the five fields that can produce over 100 million cubic feet per day of natural gas in total 

OPEC+ seen sticking to plan despite price shock from Ukraine crisis

The Organization of Petroleum Exporting Countries and its partners meet on Wednesday to decide production targets for April

UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

Dubai Real estate

Dubai releases first-ever official residential rental performance index

The Dubai Land Department coordinated with Property Finder to launch the inaugural edition of the index

Amazon Payment Services announces new programme for MENA startups

Startups Go Online will offer free and discounted services, tools and resources to companies to help streamline and accelerate their business expansion

Here’s what digitising the real estate space entails

Technological innovations in digital assets, blockchain, and NFTs are expected to transform the real estate asset, making it more liquid, accessible and digital

Tourism airport

Special report: The power of the GCC as a source market for global tourism

The size and monetary value of the outbound GCC tourism market were never in question – but what are its challenges, opportunities and key growth drivers in the foreseeable future?

Saudi’s Dar Al Arkan unveils Dhs1bn W Residences Dubai – Downtown

The tower consists of 384 exclusive, high-end residences, which will be managed by Marriott International

Safe Security’s Saket Modi on how firms can predict cyberattacks

In an exclusive interview, Modi claims that his company can predict breaches to help the cybersecurity teams stay a step ahead of malicious attackers

Covid-19 update: UAE reports 696 cases, 1,916 recoveries

The nationwide case count has risen to 878,102

Emirates

Emirates to operate five additional flights between Dubai and Kuwait

The airline will operate the extra flights ahead of Kuwait National Day holidays

boursa kuwait

Kuwait bourse plans derivatives trading amid push for more IPOs

The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year

The Global Blockchain Business Council appoints Ola Lind as the UAE Ambassador

Lind joins 179 ambassadors from 86 jurisdictions in six continents that make up a select group of leaders in technology, government, and academia

How open banking is transforming the regional financial services

Tarabut Gateway’s 2022 MENA Open Banking Spotlight explores how regulation, implementation and adoption are enabling a new era of financial services across the region

Dubai’s Emirates signs agreement with Tourism Authority of Thailand

The carrier will develop initiatives to boost tourism to the kingdom by showcasing it to customers across its network

GEMS Education

Dubai’s GEMS Education confirms being target of cyberattack

The education operator said that all its schools remain open, while external entities have been enlisted to investigate the incident