Dubai’s Emirates to restore flights to five African countries

All passengers travelling from the carrier’s African network with Dubai as their final destination require a 48 hour PCR test

First Abu Dhabi Bank reports 19% rise in group net profit for 2021

Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase

UK inflation at new 40-year high worsens living standards crisis

UK, GCC may sign post-Brexit trade deal this year, Bahrain says

Negotiations between the GCC and the UK have begun

Oman vows to extend economic reforms as its finances stabilise

Oman’s cost-cutting steps along with a rally in oil prices helped the sultanate return to global debt markets

Oil drops from seven-year high after Fed flags tighter policy

Oil has rallied in the opening weeks of 2022 on the continued recovery in energy consumption

Dubai’s Emirates Islamic’s net profit grows to Dhs823m in 2021

The bank’s profits were up 271 per cent over 2020

Public cloud gains pace in the MENA region

With cloud computing gaining traction during the pandemic, players like Oracle have stepped up and demonstrated their commitment to the region through the opening of cloud regions

Covid-19 update: UAE reports 2,638 cases, 1,099 recoveries

The nationwide case count has risen to 835,839

American Medtech company Zimmer Biomet expands operations in Dubai

The Dubai office will be led by Farah Hamdan, general manager – MENAT at Zimmer Biomet

Emirates

Dubai’s Emirates signs new distribution agreement with Amadeus

The agreement offers travel agents on Amadeus access to surcharge-free Emirates content

Arif Naqvi, founder of Abraaj Capital

Dubai regulator issues Dhs497m fine on Abraaj Group founder Arif Naqvi

The DFSA alleged that Naqvi instructed and encouraged other members of Abraaj’s senior management to mislead and deceive investors and stakeholders

Omnix International appoints Walid Gomaa as acting CEO

With over three decades in the IT industry, Gomaa’s experience spans several key areas including infrastructure, data management and cloud, among others

Apple to let iPhones accept credit cards without extra hardware

The system will likely use the iPhone’s near field communications

Europe’s e-scooter service Tier Mobility expands into Bahrain

Tier has extended its fleet in Bahrain, expanding to Diyar Al Muharraq

Saudi’s PIF launches Savvy Gaming Group to spur gaming, esports sector

The group aims to be the leading national and international gaming and e-sports company

Gold extends losses in Asia after Fed Chair’s stance

Goldman Sachs Group raised its 12-month outlook for gold to $2,150 an ounce

ADNOC

UAE oil producer ADNOC may aim for $5bn of bonds this year

Crude has surged around 14 per cent this year to more than $85 a barrel

Bitcoin advances along with US futures ahead of Fed meeting

Bitcoin’s moves in tandem with the Nasdaq 100 and the S&P 500 reached an all-time high this month

OPEC+ delegates expect to stick to plan for modest output hike

Last month, OPEC+ nations managed only two-thirds of their stipulated increase

Abu Dhabi’s ADNOC fastest growing oil and gas brand globally

Etisalat was also named the strongest telecom brand globally

Getty Images

Over 40 billion records were exposed globally in 2021

Vulnerabilities grew at a 28.3 per cent annual percentage growth rate from 2016 to 2021

UAE reports 2,369 Covid-19 cases, 1,201 recoveries

The nationwide case count has risen to 833,201

Dubai Islamic Bank posts 39% rise in net profit for 2021

The bank’s total assets equalled Dhs279.1bn

Darwinbox accelerates MENA expansion after leaping to unicorn status

With new Series D investment, the company is set to aggressively expand its team in the UAE and open its next GCC office in Saudi Arabia

How Seagate provides cutting-edge data recovery services

A free data recovery service is available with SkyHawk drives which is applicable if the drives are purchased from their authorised distributors

Saudi Investment

Saudi’s largest-ever tech event, LEAP, to take place in February

The event will be held at the Riyadh Front Expo Centre from February 1-3 and will feature over 400 expert speakers across six conferences

WAM

UAE’s MoHAP launches world’s first Metaverse customer happiness service centre

The health minister asserted that virtual reality technology will play a more important role in the future of the UAE during the next fifty years

Getty Images

Why Facebook and Twitter opened the door to NFTs

For NFT owners, the opening to social media presents an opportunity to add value to their holdings

UAE’s top oil producer forms entity to sell bonds for first time

ADNOC said the new entity “intends to closely monitor market conditions and explore potential funding opportunities”

UAE’s National Bank of Fujairah reports 124.2% rise in net profit for 2021

NBF posted operating profit of Dhs955.6m in 2021, an increase of 6.8 per cent compared to Dhs894.6m in 2020