Saudi Company for Artificial Intelligence launches operations

PIF-owned SCAI will foster innovation in strategic sectors and accelerate key national technological priorities

Dubai-based food technology platform Kitch-In expands into Europe

Kitch-In and Johnny’s Burger Co. will roll out virtual restaurant brands across 45 kitchens in the Netherlands and Belgium

Dubai’s Emirates signs MoU to promote tourism to The Bahamas

The carrier will develop initiatives to promote the island nation as a tourism spot

Covid-19 update: UAE reports 2,921 cases, 1,251 recoveries

The nationwide case count has risen to 819,866

UAE Space Agency to establish economic zone at Masdar City

Businesses will be offered benefits including incubation, office space, mentorship, networking and investment opportunities, among others

Gold set for second weekly advance as inflation, yields in focus

Bullion is holding near a two-month high even as central banks prepare to dial back stimulus

HID Global forecasts trends that will impact the security industry in 2022

By understanding how these developments are forecasted to shape the industry, security professionals will be better prepared to capitalise on innovations in solutions

ADIB reshuffles top leadership days after new CEO takes charge

The bank’s global head of retail banking, private banking and brokerage, and chief human resources officer are leaving

Abu Dhabi plans solar, water plants in drive for net-zero target

The emirate will build two solar plants and two waste-to-energy plants, adding 2.15 gigawatts of power

Saudi Crown Prince unveils new hospitality brand to revive kingdom’s heritage

The Boutique Group will transform historic and cultural palaces into luxurious boutique hotels in Saudi Arabia

UAE reports 3,014 Covid-19 cases, 1,067 recoveries

The nationwide case count has risen to 816,945

Dubai’s Emirates to resume full US operations this week

Services to Chicago, Dallas Fort Worth, Miami, Newark, Orlando and Seattle will resume from January 21

Salem AlMarri appointed director general of UAE’s Mohammed Bin Rashid Space Centre

He previously held the post of the centre’s deputy director general

Dubai

UAE’s Property Finder acquires proptech firm Homevalue

Fouad Bekkar, founder and CEO of Homevalue has joined Property Finder and takes on the role of vice president in charge of data and AI

Secure networks, 5G rollout, digital power and more – elements of a tech-driven tomorrow

In a chat with Shunli Wang, VP of Huawei Middle East, we discuss how the company plans to create new business and social value for the region in 2022 while enabling more people to benefit from technological progress

Abu Dhabi’s Masdar, ENGIE sign agreement with Fertiglobe to develop green hydrogen

The three companies will study the development, design, financing, operation, and maintenance of an industrial-scale facility in Al Ruwais, Abu Dhabi

Brian Marlier takes over as Virsec’s chief revenue officer

Marlier has over 35 years of experience and was the former chief executive officer and co-founder of Focal Point Data Risk

Sir Tim Clark Emirates Airlines

US 5G rollout ‘utterly irresponsible’, says Emirates president

Sir Tim Clark noted that the airline wouldn’t take any risks

Amazon University Esports to expand to UAE, Saudi Arabia with MENATech

This will be UAE’s and Saudi Arabia’s first educational esports league

Landmarks Of The City Of Riyadh, Kingdom Of Saudi Arabia

Sequoia picks Saudi fintech for first Gulf deal as foray expands

Sequoia is deepening its presence in the Middle East after recently backing companies from Turkey to Egypt

OPEC+ alone cannot solve world’s oil-supply issues, UAE says

Crude prices rallied to a seven-year high above $89 a barrel in London on Wednesday

Etihad corporate conscious choices

Abu Dhabi’s Etihad launches green loyalty programme for corporates

Corporate Conscious Choices has been developed around initiatives such as sustainable aviation fuel investments, green surcharge fares and carbon offsets

Gold holds decline as bond yields climb on Fed rate-hike bets

Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021

UAE’s Aldar to reduce carbon emissions by 80,000 tons annually across assets

It will enable Aldar to save approximately Dhs40m per year in energy consumption costs

Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

Covid-19: UAE reports 2,902 cases, 1,285 recoveries

The nationwide case count has risen to 813,931

Cafu Sirajpower Creek renewable energy

Cafu partners with SirajPower for on-demand transportable lithium-ion batteries in UAE

The battery storage systems used by Hypr will be developed by SirajPower, a Creek portfolio company with over 200 solar sites across the UAE

Tradeling signs MoU with Hutchison Ports Ajman

As part of Tradeling’s offering, sellers from across the world will be able to ship and store their products cost-free at the company’s warehouses

Fintech platform PayBy partners with Asfartrip.com

The launch of PayBy payment solutions on online travel platform Asfartrip is a step towards making cashless travel more inclusive

Microsoft activision

Microsoft to acquire Activision Blizzard in $69bn cash deal

Microsoft is offering a 45 per cent premium to Activision’s last closing price in New York