Dubai announces plans to list utility DEWA in the ‘coming months’

The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

Hertz says it’s already receiving Teslas; doesn’t address Musk tweet

The rental-car company unveiled its EV initiative last week

Kuwaiti conglomerate explores stake sale in Starbucks franchise

Alshaya opened its first Starbucks in Kuwait in 1999 and later expanded the brand to Turkey in 2003 and Russia in 2007

All private hospitals in Abu Dhabi free of Covid-19 cases

Hospital admission for Covid-19 cases will be limited to Al Rahba Hospital in Abu Dhabi, Al Ain Hospital and other field hospitals across the emirate

Dubai’s Emirates, TAP Air Portugal expand codeshare partnership

Emirates will place its code on TAP Air Portugal-operated flights to 19 additional destinations via Lisbon

UAE reports 74 Covid-19 infections; nationwide case count crosses 740,000

As many as 106 recoveries were reported in the past 24 hours

Here’s how the UAE is pursuing its digital vision and strategy

Dr Saeed K. Aldhaheri and Ranjit Rajan, authors of Digital Nation: How the United Arab Emirates is Building a Future Based on Tech Innovation, provide insights into the country’s plans

Noon.com reveals dates for biggest ‘Yellow Friday’ sale

The Yellow Friday Sale will be live from November 22-28

Dubai announces listing of 10 govt, state-owned companies on DFM

The move is part of accelerating new listings in various sectors

UAE’s amended law on the decriminalisation of bounced cheques to take effect in Jan 2022

The scope for criminalisation of returned cheques due to insufficient funds has been narrowed and confined to cases of bad faith and other cheque crimes

AlUla to welcome guests on ‘Museum in the Sky’ flight by Saudia

Visitors are invited to book a unique inflight experience on November 4

OPEC made only half of planned supply hike amid African losses

The combination of a recovery in fuel consumption after the pandemic and constrained supply has led to a global energy crunch

Over 90% of UAE employees believe robots can support their career better than humans

To retain and grow top talent amidst changing workplace dynamics, employers need to pay attention to employee needs more than ever before

Abu Dhabi Islamic Bank

Abu Dhabi’s biggest Islamic bank weighs merger deals outside UAE

The lender reported third-quarter net income fell 7.7 per cent from a year ago to Dhs492.9m

Indonesia wealth fund, DP World ink pact for port development

The two entities will form a consortium to explore long-term investment opportunities across the country

Here’s how businesses can grow through a strategic payments set-up

From being viewed as a necessary evil and cost centre, payments have become a key enabler of an integrated and seamless shopping experience

Oil drops at start of key week as Biden boosts pressure on OPEC+

Crude has soared this year, with production trailing supply as the global economy recovered from the impact of the pandemic

How should GCC economies manage public finances

Governments can use sovereign asset liability management as a financial tool to manage public sector balance sheet risks

Bahrain plans $30bn investment as it balances its budget

The kingdom aims to create more than 20,000 jobs annually for citizens by 2024

Saudi budget sees first quarterly surplus since 2019 on high oil

Oil revenue was about SAR148bn, an increase of 60 per cent from the same period last year

Dubai’s Emirates to resume services to Algiers

The resumption of flights to Algiers will boost the carrier’s African network to 21 destinations

Covid-19: Bahrain updates alert system, temperature checks to be stopped for unvaccinated

Obligatory registration of information will no longer be required for non-vaccinated individuals when entering a facility, with waiting areas to be re-opened

Etisalat

UAE-based Etisalat Group reports net profit of Dhs2.4bn, up 1% in Q3 2021

Its revenues reached Dhs13.3bn, an increase of 2 per cent year-on-year

Immertech introduces teleportation capsule at Expo 2020 Dubai

Voyager by Immertech, allows anyone to be transported to other places or relive events from the past without moving

Dubai’s Emirates reveals special fares ahead of winter holidays

Customers can book fares until November 7, 2021, for travel until June 15, 2022

Gitex Global

Gitex Global: Here’s how the region’s tech landscape is changing

The Middle East and Africa region appears to be on its way to becoming a significant leader in the adoption of technologies

Medina's Al-Masjid an-Nabawi (The Prophet's Mosque) is a major pilgrimate site for Muslims Saudi Arabia mosque

Etihad to restart flights between Abu Dhabi and Madinah in Saudi Arabia

The thrice weekly flights will commence on November 27

Cognitive AI to boost sustainability for the oil and gas sector

AI and data analytics are already finding increasing adoption in the oil and gas sector, across a wide range of scenarios for upstream and downstream use cases

UAE reports 81 Covid-19 cases, 118 recoveries

The nationwide case count has now risen to 739,905