UAE

UAE business tax will help support smaller emirates’ economies, S&P says

The country plans to levy a 9 per cent corporate tax from June 2023

Middle Eastern oil is flavour of the month as benchmarks diverge

Oil futures have soared to the highest level in seven years in the opening weeks of 2022

Saudi Arabia

Saudi wealth fund edges closer to green bond with Moody’s rating

Last week, Fitch Ratings gave the fund a rating of A

Here’s your ‘survival’ guide for the 2022 cyberthreat landscape

According to a survey, 72 per cent of GCC-based line-of-business and technology leaders believe digitisation is key to getting ahead in 2022

AD Gaming partners with Attarius Network to underpin Abu Dhabi’s gaming sector

Via the agreement, Attarius will help developers in Abu Dhabi build blockchain-based games

Enterprise IT spending in the META region to top $40bn in 2022: IDC

IDC forecasts that digital transformation initiatives in the post-pandemic period will grow as a share of enterprise IT spending, rising from 26 per cent in 2020 to 38 per cent in 2024

Abu Dhabi Islamic Bank posts 45% rise in net profit for 2021

The bank’s revenue increased 4 per cent to Dhs5.56bn

UAE reports 1,704 Covid-19 cases, 1,992 recoveries

The nationwide case count has risen to 859,362

Abu Dhabi

AD Ports Group lists shares on Abu Dhabi Securities Exchange

The company will commence trading on the main exchange from February 8

CBUAE selects Accenture to develop UAE’s National Instant Payment Platform

The platform, which allows real-time payments and fund transfers round the clock, will support SMEs, larger companies and financial institutions

flydubai

Flydubai to begin flights to AlUla and Yanbu in Saudi Arabia

With the two additional routes, the airline will be flying to six destinations in the kingdom

RouteQ launches operations in Dubai to expand its presence in the Middle East

The technology provider aims to address the key delivery challenges in the Middle East such as inaccurate addressing and package tracking

Getty Images

Abu Dhabi-based French language school boosts security infrastructure with Fortinet

The school had to comply with their internal education auditing team as they store a significant amount of data ranging from financial to personal information

Fintech company Postpay collaborates with Commercial Bank of Dubai

The strategic partnership will support Postpay on several fronts, including transaction banking, debt funding and e-commerce solutions

2022 will be a watershed year for the adoption of AI

AI will have a greater impact on industry than any other science or technology, says Jim Chappell, global head of AI and Advanced Analytics at Aveva

Global emissions from buildings, construction climb to record levels

Dubai to reduce almost a third of its carbon emissions by 2030

The Dubai Supreme Council of Energy approved updated plans for the programme that will help the UAE meet its net-zero goal by 2050

Oil’s red-hot rally takes a breather after seven weekly gains

Oil has rallied on improving demand and supply outages, putting $100 a barrel within reach

How digital is set to shape the future

The how and where of consumer spending is transforming, driven by digital trends

Green bonds still have a long way to go to dent climate crisis

Global sales of green bonds hit a record $513bn last year

The five most common myths of responsible AI

Responsible AI is critical in building trust in what is quickly becoming an everyday tool

Anghami Nasdaq

UAE’s Anghami, first Arab tech company to list on Nasdaq, begins trading

Anghami, with 75 million registered users, has completed its merger with Vistas Media Acquisition Company

Microsoft launches new Surface devices in the UAE

Built to be essential devices for today’s hybrid workforce, the Surface products protect productivity, and prioritise accessibility

Dubai’s Emirates signs agreement with Turespaña to underpin tourism to Spain

The carrier had launched operations to Madrid in 2010 and to Barcelona in 2012

UAE’s Al Khayyat Investments picks Dell Technologies to boost its digital transformation drive

The company plans on incorporating digital-led solutions to transform customer experience across all retail touch points

Dubai Islamic Bank targets growth, scouts out deals

The lender reported its profit jumped 33 per cent in 2021 to Dhs4.4bn

Emirates

Emirates to restart Dubai-Casablanca flights

The airline will resume services on the route starting Tuesday, February 8

Here’s how the need for consumer intelligence has evolved

With a significant change in consumer expectations, Tod Nielsen, CEO at Talkwalker shares his insights on why consumer intelligence is crucial for brands

UAE reports 2,114 Covid-19 cases, 1,077 recoveries

The nationwide case count has risen to 853,651

Light-1 CubeSat

UAE-Bahrain nanosatellite Light-1 launched from International Space Station

The Light-1 CubeSat is the region’s first scientific mission to monitor and study Terrestrial Gamma-ray Flashes from thunderstorms and lightning

Amazon poised for biggest ever market value gain a day after Facebook’s loss

The surge in Amazon’s stock price came after sales in its cloud computing business beat Wall Street estimates