Dubai Financial Market

Dubai Financial Market Company posts Dhs103.8m net profit for 2021, dipping 24.7% y-o-y

Total revenues in 2021 reached Dhs294.6m

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The impact of electronic devices on the circular economy

With sustainability at the forefront of everyone’s mind, here’s how trading in old devices can contribute to a circular economy

G42 Cloud and Kyndryl collaborate to accelerate cloud adoption

Both companies will ensure alignment of their respective capabilities, expertise and resources that will facilitate solution planning and execution

Bitcoin’s January loss puts it on pace for worst month since May

Bitcoin dipped as low as $33,000 in January from a record of almost $69,000 less than three months ago

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Sans Institute announces cybersecurity training programme in Dubai

Using interactive exercises led by cybersecurity professionals, the event aims to equip participants with the knowledge necessary to protect their organisations

dnata amsterdam

UAE’s dnata invests over EUR200m to operate cargo facility at Schiphol airport

The dnata Cargo City Amsterdam is scheduled to become operational in 2024 and will be capable of processing over 850,000 tonnes of cargo annually

Saudi-based e-commerce platform raises $36m in funding

The company’s Series A round was led by Silicon Valley’s Graphene Ventures

Gold holds gains with inflation outlook eyed for direction

Markets in China and some other Asian countries will be closed for much of the week for the Lunar New Year holidays

Dubai’s Emirates NBD’s net profit rises by 34 per cent to Dhs9.3bn in 2021

The bank’s total income was Dhs23.8bn, a 3 per cent rise over the previous year

UAE’s Ali & Sons opt for Oracle Cloud to drive growth

Based in Abu Dhabi, Ali & Sons’ business portfolio spans automotive, oil and gas, retail, engineering and construction, property management, and hospitality

UAE reports 2,028 Covid-19 cases, 910 recoveries

The nationwide case count has risen to 845,058

How NetApp’s data management solutions are a game changer in the Middle East

In an exclusive interview, Maya Zakhour, director Channel Sales – MEA, Italy and Spain at NetApp, shares how they continue to transform in order to meet the needs of their partners and customers

Saudi Arabia launches program to develop cybersecurity sector

Intersec 2022: Ethical hacker Freaky Clown shares exclusive insights on cybercrime

“A poor security culture within an organisation can devastate a company even if they spend millions on technical defences”

Hands-on review

Hands-on review: Huawei P50 Pro

The new smartphone is available for pre-order in the UAE at a price of Dhs3,999

UAE corporate tax

UAE to introduce federal corporate tax on business profits from 2023

The Ministry of Finance has set a rate of 9 per cent for taxable income exceeding Dhs375,000

Abu Dhabi’s EDGE Group appoints ADQ’s group CIO as new CEO

Mansour Mohamed AlMulla is also a board member of the Abu Dhabi National Energy Company, Abu Dhabi Ports Company, Abu Dhabi Global Market, and Etihad Aviation Group

UAE reduces fuel price in August

UAE raises fuel prices for February 2022

The price of Super 98 is set to increase to Dhs2.94 next month

National Bank of Fujairah launches new account for SMEs, startups

The solution aims to extend the benefits of digital banking solutions to entrepreneurs

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Six million electric cars will be shipped in 2022 – Gartner

Electric cars will represent 95 per cent of total EV shipments in 2022 and the remainder will be split between buses, vans and heavy trucks

Saudi Investment

Saudi wealth fund rakes in $5bn as demand for stocks booms

The Saudi benchmark index has jumped about 9 per cent this year

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Acronis launches first cloud data centre in South Africa

The local service providers will have a location within the country where they can store business-critical data for their clients

Oil punches higher at the week’s open on demand outlook

Crude has soared this month as global markets tightened, with top banks and oil companies saying oil may soon pass $100 a barrel

World’s first hydrogen-powered flying boat to be made in Dubai

The boat will be able to sail without noise, waves, or emissions

Dubai FDI

Dubai reports Dhs15.9bn of FDI in the first nine months of 2021

It ranked third globally in attracting greenfield foreign direct investments

Shifts in recruitment practices for 2022

Hybrid ways of working have now been embraced by even the most traditionally run organisations

The importance of retail renaissance as shoppers seek new in-store experiences

Physical stores are making a comeback and will play a significant role in retail in the future

UAE’s Etisalat completes acquisition of elGrocer

The acquisition is expected to complement Etisalat UAE’s existing marketplace services under the Smiles brand

UAE reports 2,545 Covid-19 cases, 1,320 recoveries

The nationwide case count has risen to 838,384

pfizer paxlovid

Pfizer gets nod From EU regulator for Covid drug Paxlovid

The UK’s regulator cleared Paxlovid at the end of last year, and the drug also has emergency-use authorisation in the US

Here’s how HP ProBook 650 G8 is meeting the needs of businesses in Saudi Arabia

Through its broad range of products, HP aims to help businesses operate with increased safety standards while also providing the best performance