Gold heads for weekly gain as stocks drop before US jobs data

January’s employment report due Friday is expected to be weak

Aldar Education Aldar Academies

Abu Dhabi’s Aldar to invest Dhs1bn in education portfolio

It aims to increase the student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by the 2024-2025 academic year

Dubai received 7.28 million overnight visitors in 2021

Hotels in the emirate recorded average occupancy levels of 67 per cent last year

Abu Dhabi-based Yahsat wins Dhs24m contract to build naval satcom systems

Yahsat will design, deliver and integrate advanced satellite communication solutions for Abu Dhabi Ship Building

Travel and tourism contribution to global GDP could reach $8.6 trillion in 2022: WTTC

The global tourism body says the sector’s contribution to the global economy could reach almost pre-pandemic levels this year

First Abu Dhabi Bank, Mastercard introduce virtual corporate debit card

The virtual cards can be created for single- or multiple-use

Covid-19 update: UAE reports 2,232 cases, 1,427 recoveries

The nationwide case count has risen to 851,537

Air Arabia

Air Arabia launches new direct flight between Sharjah and Osh in Kyrgyzstan

The twice weekly service will commence from February 20, 2022

The UAE is set to levy corporate tax: Here’s what analysts say

The country plans to introduce a 9 per cent federal tax on corporate earnings for the first time next year

Abu Dhabi’s ADNOC announces discovery of new natural gas resources offshore

Estimates indicate that the reserve of raw gas discovered is between 1.5–2 TSCF

First Abu Dhabi Bank, Etihad and Visa to launch sustainability-linked credit card

The credit card will reward members for making sustainable choices, while providing options to offset emissions for their spending

Mobily partners with Ericsson to expand 5G industry use cases in Saudi Arabia

The collaboration will showcase the importance and capabilities of private networks in a variety of industries

Saudi pharmacy chain seeks $1.3bn in top IPO since Aramco

The firm received regulatory approval for the listing in December

Saudi unveils $1.1bn programme for digital content creation, media production

The ‘Ignite’ initiative will offer several incentives such as financial support for local, regional and international companies and startups

In pics: Day two at Saudi’s global technology platform LEAP22

Saudi Arabia is hosting its largest-ever technology event, LEAP, from February 1-3 at the Riyadh Front Expo Centre

OPEC+ agrees on another gradual oil-output hike for March

Oil prices soared to a seven-year high above $90 a barrel last month, stirring expectations of a return to triple-digits

Saudi Telecom spins off data centre, cable assets to new firm

Saudi Telecom already spun off its internet services unit and listed it on the kingdom’s stock market last year

GCC economies to bounce back in 2022: MUFG Research

Forecast shows GDP to grow at 6.1 per cent this year; with the GCC surplus to reach $27bn

Emirates Bali

Dubai’s Emirates to restart flights to Nigeria

The airline will operate daily flights to and from Abuja and Lagos

Aldar Properties enters Ras Al Khaimah with Dhs410m acquisition of Al Hamra Mall

Aldar has secured development rights for an extra 11,200 sq m of gross floor area, with an option to acquire an additional 7,400 sq m for retail and commercial use

Dubai adds 1,343 new food outlets in 2021

A total of 76,195 inspections of food establishments were carried out in the emirate last year

UAE reports 2,163 Covid-19 cases, 1,303 recoveries

The nationwide case count has risen to 849,305

In pics: Day one at Saudi’s largest-ever tech event LEAP22

The event is being held at the Riyadh Front Expo Centre from February 1-3 and will feature over 400 expert speakers

LEAP22: Saudi Arabia unveils over $6.4bn in technology and startup investments

NEOM Tech & Digital Co. launches XVRS cognitive metaverse and M3LD data management platform as part of a $1bn investment

Saudi arabia riyadh

Saudi Arabia’s Elm draws $57bn in institutional orders

Local investors placed orders worth SAR206bn

Pfizer vaccine children

Dubai opens Pfizer-BioNTech vaccine booking slots for children aged 5-11

Appointments can be booked through the DHA app or via WhatsApp

Getty Images

Amazon leads corporate clean-energy purchases in record year

Amazon accounted for 20 per cent of a record 31.1 gigawatts of clean power capacity bought by corporations in 2021

Arada Sharjah Aljada

Sharjah’s Arada awards Dhs322m construction contract to Kuwaiti contractor

The contract to build eight buildings, comprising a total of 920 homes in Aljada, was awarded to Kuwaiti contractor Mohammed Abdulmohsen Al-Kharafi & Sons

Saudi’s Royal Commission for AlUla launches autonomous pod vehicle service

Pilot scheme for fully automated electric passenger pod will ferry people between the south entrance to AlUla’s Old Town and south car park

Getty Images

UAE’s Aster, Novartis sign MoU to advance digital transformation, clinical research

The MoU will enable Aster to access Novartis’ advanced therapy platforms and data science to further strengthen treatment outcomes for patients in the UAE