Ras Al khaimah

Ras Al Khaimah offers Dhs7m economic stimulus support in 2021

These packages were introduced to ease the financial burden on businesses in the emirate during the Covid-19 pandemic

Food inflation risks balloon as prices of wheat to palm oil soar

Palm oil, which is used in thousands of products from cookies to shampoo, is on a record breaking run

Oil soars past $100 as Russia attacks targets across Ukraine

OPEC+ meets on March 2 to decide on output for April

UAE’s e& reports 3.2% rise in consolidated net profit for 2021

During 2021, its aggregate subscriber base reached 159 million

Etihad Rail

Etihad Rail signs Dhs1.99bn financing agreement for passenger services with First Abu Dhabi Bank

The passenger service will connect 11 cities and locations in the UAE and is expected to carry over 36.5 million passengers annually by 2030

Gold climbs to highest in more than a year on Ukraine tensions

Spot gold rose as much as 1 per cent to $1,928.80 an ounce, the highest level since January 2021

Borouge starts up fifth polypropylene unit in Ruwais

The new facility will increase Borouge’s polypropylene production capacity by more than 25 per cent to 2.24 million tonnes per year

UAE reports 782 Covid-19 cases, 2,096 recoveries

The nationwide case count has risen to 877,406

Ajman Free Zone’s tech sector records 21% growth in 2021

The number of tech companies in the integrated business hub reached more than 550 in 2021

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Gartner unveils top 10 government technology trends for 2022

CIOs should consider these trends to guide digital investments, anticipate potential disruption, and scale digital transformation initiatives

in5 to launch a dedicated space for investors to drive entrepreneurship in the region

The space will enable investors to directly engage startups for funding and partnership opportunities

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Data protection remains a challenge for nearly 90% of organisations – report

The Veeam Data Protection Trends Report 2022 surveyed over 3,000 IT decision-makers and global enterprises to understand their data protection strategies

ACWA Power led consortium achieves financial close for Red Sea Project

The first phase of the project is set to open by the end of 2022

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Microsoft Defender security expands to support Google cloud

Microsoft Defender will include support for Google Cloud starting Wednesday, three months after adding support for Amazon’s products

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Kyndryl and AWS announce strategic partnership to accelerate cloud adoption

Together they will establish Cloud Center of Excellence to develop joint solutions including services for mission critical infrastructure

Aramco closes $15.5bn BlackRock-led gas pipeline deal

Gas is a cleaner fuel than crude oil

Etisalat e&

UAE telecom major Etisalat Group rebrands as e&

e& has also announced the establishment of its consumer digital and enterprise digital business units

Brent oil hits $100 a barrel for the first time since 2014

Russia is a key supplier of energy to global customers

Dubai’s Mashreq weighs sale of payments business

Deliberations are ongoing and no final decision has yet been taken

Exclusive: Interview with Art Gilliland, chief executive officer at Delinea

Gilliland explains why cybersecurity solutions must be powerful to use, yet simple to understand

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Saudi Arabian miner Amak seeks $332m from IPO

The initial public offering’s price range has been set at SAR58-63

Dubai Airport

Dubai Airports sees travel surge this year, full rebound by 2024

Dubai Airports CEO said demand this year could surprise on the upside

UAE reports 740 Covid-19 cases, 1,956 recoveries

The nationwide case count has risen to 876,624

UAE’s ADX, Boursa Kuwait and Kuwait Clearing Company sign MoU to enhance market liquidity

The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait

HSBC Bank’s profit after tax up from $8.6bn to $14.7bn in 2021

Reported revenue was down 2 per cent to $49.6bn, impacted by lower global interest rates and a decrease in revenue in markets and securities services

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How and why are NFTs disrupting the world of art, music and retail

A non fungible token is a scarce, verifiable, secure asset with proof-of-ownership at its core

Israel Diamond Exchange office to open in Dubai

The IDE office will contribute to ease of trade for Israeli diamond companies operating in Dubai or looking to establish a presence in the emirate

Dubai real estate

Dubai most preferred foreign investment location for Saudi home buyers – Knight Frank

The annual 2022 Saudi Residential Survey spoke to 55 HNWIs in Riyadh, Jeddah and Dammam

Gold steady as investors assess Russian sanctions and inflation

Bullion is having a strong start to 2022

SEBA Bank

Swiss crypto bank Seba opens office in Abu Dhabi

In a first for a full-service digital asset bank in the UAE, it received a nod from the Abu Dhabi Global Market Financial Services Regulatory Authority