Dubai International Chamber to attract 50 multinational companies over three years

It also aims to support the international expansion of 100 Dubai-based companies

Oil edges higher after drop in stockpiles

Oil has rallied over the past seven weeks to the highest level since 2014

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Mandiant and SentinelOne announce strategic partnership

Through the strategic alliance, the cybersecurity firms aim to help organisations strengthen their ability to mitigate cyberthreats

Investors are waiting for the right opportunity: UBS

UBS’ Investor Sentiment Survey found that UAE investors were concerned about the pandemic, rising healthcare costs and the global trade conflict

Saudi Telecom’s subsidiary buys Pakistani infrastructure provider to broaden footprint

The deal is subject to regulatory approval from Pakistani authorities

How blockchain analytics can help combat cryptocurrency crime in the UAE

Chainalysis report shows crypto-based crime hit an all-time high in 2021, with illicit addresses receiving $14bn over the course of the year, up from $7.8bn in 2020

Majed Al Joker

Majed Al Joker appointed as chief operating officer at Dubai Airports

Prior to his promotion, Al Joker was executive vice president of corporate affairs for Dubai Airports

Bahrain’s GFH Financial Group reports net profit of $84.22m in 2021

The group’s net profit increased by 86.77 per cent over 2020, supported by diversification and an international investment portfolio

Abu Dhabi: The 2022 edition of UMEX and SimTEX to return this month

The hybrid event will take place at Abu Dhabi’s ADNOC Business Centre

UAE’s EGA plans to build first aluminium recycling facility

Feasibility studies for the project are underway

UAE reports 1,538 Covid-19 cases, 2,457 recoveries

The nationwide case count has risen to 862,514

First Abu Dhabi Bank makes offer to acquire majority stake in EFG Hermes Holding

The potential acquisition would be paid for in cash

Dubai Islamic Bank prices $750m senior sukuk

The sukuk will be listed on Euronext Dublin and Nasdaq Dubai

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Data and digital consulting firm Artefact expands to Saudi Arabia

Artificial intelligence is expected to contribute over $135.2bn in 2030 to the kingdom’s economy, equivalent to 12.4 per cent of GDP

Aldar

Abu Dhabi’s Aldar achieves annual property sales of Dhs7.2bn in 2021

The company reported a preliminary full year net profit increase of 21 per cent

Historic feat: One year since the UAE’s Hope Probe reached Mars

The UAE became the first Arab country to launch a space mission to Mars

Qatar considers refinancing $10bn debt due next year

No final decision has been made

Abdullah Alajaji, Founder of Driven Properties

The micro and macro trends impacting Dubai’s real estate market

Here are the trends that are set to shape the trajectory of the emirate’s property market in 2022

Cover story: Investment is a level playing field, says Dubai’s AIX

The Covid-19 pandemic has effectively broadened the investment landscape, explains AIX Investment Group’s board advisor Fadi Dabbagh

Bitcoin’s recovery rally stalls as traders turn focus to $45,000

Analysts have noted that cryptocurrencies have lately been moving in tandem with other riskier assets

The future of cities: Is digitalisation the solution for urban challenges?

To better manage their fiscal challenges and limited resources, cities may view themselves as companies serving a complex group of citizen-customers

DP World’s Imperial acquires a controlling stake in Africa FMCG Distribution Ltd in Nigeria

DP World reports volume growth of 9.4 per cent in 2021

Spurred by the volume performance, DP World remains focused on increasing profitability while managing growth capex

ADNOC

UAE’s ADNOC mulls sale of green bonds as it seek ESG funds

The UAE became the first Gulf state to commit to neutralising planet-warming emissions within its borders, which it aims to do by 2050

Abu Dhabi’s Aldar awarded development project contracts worth Dhs8.5bn in 2021

The company signed 16 contracts with UAE-based companies to support the National ICV programme

Dubai Financial Services Authority signs MoU with India’s IFSCA

The agreement sets a framework for mutual assistance and exchange of information in areas, including money laundering and terrorism financing

Covid-19 update: UAE reports 1,615 cases, 2,219 recoveries

The nationwide case count has risen to 860,976

Abu Dhabi Ports surges on debut after $1.1bn share sale

In 2021, Abu Dhabi Ports handled 45 million tons of general cargo volumes

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UAE’s Axon Technologies announces three key executive appointments

The information security solutions provider appoints new head of SecOps Architecture and Engineering, financial controller, and cybersecurity consultant

Business trends and startup opportunities in artificial intelligence

Worldwide funding of AI startups reached $20bn in Q2 of 2021 – more than double the total for the same quarter in the previous year

AD Ports Group

Abu Dhabi-based Al Seer Marine invests Dhs1.2bn in AD Ports Group

With this investment, Al Seer Marine has received a 7.36 per cent stake in Abu Dhabi Ports