Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

Intel unveils 11th Gen Intel Core processors, new Evo architecture

Tiger Lake chipsets come with Intel Iris Xe graphics for better content creation, gaming

Gold & Diamond Park Dubai

Jafza agrees with Emaar Malls to manage business activities of Gold & Diamond Park in Dubai

There are currently over 90 retailers and brands operating in the Gold & Diamond Park developed by the Emaar Malls Group

Aramco delays multibillion-dollar LNG, petrochemical plans

It’s also reviewing an earlier decision to buy 25 per cent of Sempra Energy’s Texas LNG terminal

Abu Dhabi issues $5bn multi-tranche, 50-year bond

The 50-year tranche is the longest term for a bond issued by a GCC sovereign issuer

UAE DUBAI

Dubai introduces five-year renewable Retirement Visa for those aged 55 and over

Applicants will need to meet certain financial requirements in order to be eligible for the new visa

UAE-ISRAEL-US-DIPLOMACY

Saudi Arabia approves use of airspace for UAE flights to and from all countries

The UAE and Israel have recently normalised ties and pledged to cooperate in areas including civil aviation

New coding and computer programming school to open in Abu Dhabi

The campus of 42 Abu Dhabi will open in February 2021

UAE-based SellAnyCar.com expands into Saudi Arabia

Used cars online platform launches Kayishha in KSA following $35m cash infusion

UAE e-commerce platform Awok shuts shop after securing $30m funding

The global economic downturn was cited as the reason

GCC Covid-19 update: UAE registers 735 cases; 667 infections confirmed in Kuwait

The death toll in the UAE has risen to 387

Kaspersky avails cyber security training online as Covid-19 restricts in-person instruction

Continuous education seen as essential to keep IT security teams ready and effective

Emirates

Dubai’s Emirates to resume passenger services to additional cities

The flights to Accra and Abidjan will be linked services, operated thrice a week

Apple to offer contact tracing without Covid-19 app

Exposure Notifications Express (ENE) is available with iOS 13.7 update

First Abu Dhabi Bank

First Abu Dhabi Bank to start talks with Israeli lenders

The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office

Commercial Bank of Kuwait taps Thales for contactless payment technology

Thales technology will digitise credit and debit cards available on CBK app

Shailesh Dash

Phi Trends: How Covid-19 has accelerated healthtech

The crisis has opened up many growth avenues for healthtech ventures, which are attracting a significant amount of investor interest, opines entrepreneur and investor Shailesh Dash, who shares his market perspective in this monthly column

Abu Dhabi’s ADNOC, Apollo-led consortium enter into $5.5bn investment partnership

The transaction will result in upfront proceeds of $2.7bn to ADNOC and is expected to close before end of 2020, subject to closing conditions and regulatory approvals

UAE investor with $540m in cash says M&A spree not over

The Abu Dhabi-based company has amassed a portfolio spanning real estate to utilities and health care to food services

Abu Dhabi Investment Office Invest in Israel

Abu Dhabi Investment Office and Invest in Israel outline upcoming areas of collaboration

The collaboration will focus on innovation and technology

Saudi Arabia delays showcase investment conference until January

It will now be held on January 26-28

Atlantis The Palm Dubai

Dubai’s Atlantis The Palm to offer international guests free in-resort Covid-19 tests

Guests need to book a minimum stay of five nights in order to avail of the free testing service

Dubai carrier flydubai offers free global Covid-19 cover to passengers

The service enables passengers to benefit from coverage for their medical expenses up to EUR150,000 and quarantine costs up to EUR100 per day for 14 days

Emirates NBD, DMCC partner to ease payment process for freezone members

A zero per cent credit card installment plan has been introduced for a wide range of DMCC services

Delivery Hero picks Mastercard to digitise payments across MENA

The project spans the GCC, Jordan and Egypt for Talabat, HungerStation and Zomato

Balki Radhakrishnan General Mills

Five minutes with Balki Radhakrishnan, vice president and managing director, General Mills AMEA

US-based food company General Mills recently launched the world’s first Old El Paso restaurant in Dubai

Amazon receives FAA approval for drone delivery trials in US

Approval comes as Amazon’s business surges due to Covid-19

Mustapha Adib Lebanon

Lebanon picks ambassador Mustapha Adib as new prime minister

The previous government quit following the Beirut port explosions

Israel UAE

Watch: First direct commercial flight from Israel to the UAE lands in Abu Dhabi

A delegation of Israelis and Americans were onboard El Al flight 971 that departed from Ben Gurion Airport in Tel Aviv earlier on Monday

data centre

Delma Exchange picks BIOS Middle East for cloud hosting

Delma Exchange turns IT Infrastructure from CAPEX to OPEX