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Saudi’s Prince Sultan University and VMware sign MoU to launch innovation centre

The innovation centre will enable students, and businesses to experience cloud, and security solutions, supporting the kingdom’s digitisation agenda

How 2021 was a promising year for global equities

Several trends emerged over last year

UAE government awards Yahsat $247.5m for enhanced managed services

The five-year agreement builds on previous operations and maintenance services provided to the UAE government

Dubai

Dubai to begin trials of driverless taxis this year

The RTA plans to gradually increase the number of autonomous vehicles to 4,000 by 2030

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2022 in focus: Putting data at the core of Gulf innovation

Buffeted on all sides by the forces of digital disruption, businesses are now refocusing their efforts on futureproofing

Gold holds biggest gain since October as investors seek haven

Bullion’s appeal as a store of value is being burnished by risk aversion in markets and a surge in inflation worldwide

Oil extends eight-week rally on intensifying Ukraine tensions

Crude surged to the highest since 2014 last week

Saudi Aramco

Saudi Arabia transfers 4% of Aramco stake to state wealth fund

The government will still be the largest shareholder in Aramco

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Explainer: Is the UAE ready to mainstream nearly zero energy buildings?

Green building strategies can be used to design and build healthy, comfortable, cost efficient and environmentally friendly living and working environments

Air pollution costs wider Mideast $141bn, World Bank says

The findings will likely add to growing interest in green and sustainability-linked bonds and loans in the region

VisitBritain launches GBP10m global tourism campaign in Dubai

The campaign aims to drive inbound tourism, as Britain gears up for a year of landmark events

Samsung Galaxy Tab S8 series now available for pre-order in the UAE

The S8 Ultra comes in graphite, while the S8 and S8+ are available in graphite, silver, and pink gold

UAE reports 1,474 Covid-19 cases, 2,421 recoveries

The nationwide case count has risen to 865,576

Abu Dhabi’s Taqa Group reports net income of Dhs6bn for 2021

The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year

In pictures: Dubai’s Emirates unveils new lounge for young travellers

The carrier’s service for unaccompanied minors must be booked in advance of travel

UAE’s ADQ, Alpha Dhabi, Etisalat and FAB to launch next-gen banking platform

Wio will offer customers in the UAE a fully digital banking choice with tailored products and services to meet their lifestyles and needs

Abu Dhabi to house zero-waste wholesale food trading hub

The food hub will assemble wholesale buyers, sellers, logistics players and distributors from across the world

UAE’s Alpha Dhabi Holding posts Dhs5.1bn in net profit for 2021

The company reported revenues of Dhs18.8bn

ADNOC announces $548m contract for a new main gas line at its lower Zakum field

ADNOC Drilling announces net profit of $604m for 2021

Revenue for the full year was $1.14bn, up 6 per cent over 2020, largely driven by new rigs and rig reactivations

Dubai: Alec hires Andy Boutle as its head of Digital Construction

Boutle will focus on the digitisation of the entire value chain for projects undertaken by Alec, with an emphasis on increasing workflow communication

EFG Hermes completes advisory on Macro Group’s $83m IPO

The IPO is the first listing of a cosmeceutical company on the Egyptian Exchange

Oracle named as Red Bull Racing F1 title sponsor

The Formula 1 2022 season begins March 18-20 with the Gulf Air Bahrain Grand Prix in Bahrain

Dubai’s Emirates signs MoU with Maldivian to explore partnership opportunities

The two carriers will review codeshare and interline options to provide customers with greater connectivity

OPEC sees upside potential for oil demand as economy rebounds

OPEC and its partners are trying to gradually restart production halted during the pandemic

Saudi

Saudi Arabia’s economic growth stays near decade-high as oil powers rebound

The kingdom’s economy expanded 6.8 per cent in the fourth quarter of 2021

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Microsoft considers pursuing a deal for cybersecurity firm Mandiant

Adding Mandiant, with a market value of about $3.7bn, would build up Microsoft’s arsenal of products for protecting clients

UAE reports 1,588 Covid-19 cases, 2,301 recoveries

The nationwide case count has risen to 864,102

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Ajman to introduce contactless payments on public transport

The implementation EMV technology will reduce the passenger’s travel time by eliminating the need to stand in line to purchase tickets

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Invixium appoints Saudisoft as a distributor for Saudi Arabia

The distributor will offer Invixium’s complete portfolio of biometric and card readers to its customers in Saudi Arabia

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi to offer Dhs70 flights to two cities in Jordan

The flights to Aqaba and Amman will operate twice a week