MERCEDES-BENZ BINGHATTI

Binghatti, Mercedes-Benz to build luxury residential tower in Dubai

The two brands said the collaboration was “brought together by a shared passion for iconic design and innovation”

How AWS is supporting MENA’s cloud journey

Exclusive: Jonathan Allen on how AWS is supporting MENA’s cloud journey

AWS’ director of enterprise strategy tells Gulf Business that the company has three data centres in the UAE and Bahrain, giving customers access to key cloud computing services

HE Ahmed Baharoon, Executive Director, Environmental Information, Science and Outreach Management, Environment Agency – Abu Dhabi

Environment Agency – Abu Dhabi’s Ahmed Baharoon on why environmental education is the way forward

The executive director – Environmental Information, Science and Outreach Management, EAD, talks about WEEC2024 serving as a catalyst for change, promoting sustainable practices through education

solar energy

UAE’s e& secures Dhs366m loan for green projects

The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy

Electric VEHICLE

How electric vehicles are accelerating the end of the oil age

The rate of future EV adoption is going to depend heavily on EV pricing and the availability of charging stations

MSI - LAPTOP

MSI’s festive promotions in December has exclusive offers on laptops

From gaming enthusiasts to business professionals, MSI has launched a comprehensive offering for the festive season

food

Food Tech Valley’s ‘GigaFarm’ capable of growing 2 billion plants

ReFarm and IGS announced the partnership from their demonstration facility in Dubai

Naim Yazbeck, GM Microsoft UAE

COP28: Microsoft’s Naim Yazbeck on leveraging data, tech to drive sustainability

Microsoft UAE’s general manager shares how UAE organisations can embrace ‘sustainable’ possibilities presented by technology and tells us about the company’s participation at COP28

McLaren

Dubai Police adds McLaren Artura hybrid supercar to patrol fleet

A top speed of 330 kilometres per hour and an acceleration of 0-100 kilometres per hour in 3 seconds make it one of the fastest supercars on the market

UAE launches industrial decarbonisation roadmap Image WAM

COP28: UAE launches industrial decarbonisation roadmap

The action plan set out in the roadmap will cut 90 million tonnes of carbon dioxide annually

Masdar, Iberdrola to co-invest in clean energy projects

Abu Dhabi’s Masdar, Iberdrola to co-invest EUR15bn in clean energy projects

The partnership will see Masdar taking a stake of up to 49 per cent in Iberdrola’s 1.4GW UK East Anglia 3 offshore wind project

Qatar’s Ooredoo, Zain and TASC to create 2.2bn tower company

Qatar’s Ooredoo, Zain and TASC to create $2.2bn tower company

The new tower entity is expected to achieve run-rate revenues close to $500m annually

Mashreq commits to facilitate Dhs110bn in sustainable finance by 2030

Mashreq to facilitate Dhs110bn in sustainable finance by 2030

The bank’s commitment to sustainable finance is part of its Climb2Change global initiative

Hummer ev

GMC Hummer Ultium EV Pickup: A re-invented legend

The Hummer Ultium EV Pickup’s reinvention underscores the revolution taking place in the global automotive industry

Bitcoin

Bitcoin surges above $42,000 for first time since April 2022

The cryptocurrency is up more than 150 per cent in 2022 alone and there’s now further momentum in this market amid hopes around future interest rates.

DFSA waives fees on ESG listings on Nasdaq Dubai

DFSA scraps regulatory fees on ESG listings on Nasdaq Dubai

The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority

siranna new destination launched by NEOM Image NEOM

Saudi Arabia: What NEOM’s new destination, Siranna, has to offer

Situated on the Gulf of Aqaba coastline, this ultra-luxurious destination will be home to a 65-key hotel, as well as 35 exclusive residences

UAE finance sector to mobilise Dhs1tn in sustainable finance image UBF X

COP28: UAE financial sector commits to mobilising Dhs1tn in sustainable finance

In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank

PIF to acquire 49% stake in Rocco Forte

Saudi wealth fund PIF to acquire 49% stake in Rocco Forte Hotels

The wealth fund’s investment will include an element of primary equity, and the completion of the deal is subject to regulatory approval

Ajay Banga, president of the World Bank Group - COP28

Top development banks at COP28 vow to up climate game

In a statement to be announced at COP28, the World Bank and regional peers, said the window of opportunity to secure a liveable planet was “rapidly closing”

PureHealth seeks to raise Dhs3.62bn from IPO

UAE’s Purehealth seeks to raise Dhs3.62bn from IPO

The healthcare firm is offering about 1.11 billion shares, equivalent to 10 per cent of the total issued share capital

Tahaluf

Here’s why Saudi’s IT services growth is fastest in MEA – IDC

Mega projects in the kingdom, together with renewed digitalisation efforts, are spurring on a whole new era of IT services growth for the country, says the IDC.

casino

Casino update: Dubai awards biggest island construction contract to house MGM, Bellagio

Located off the coast of Umm Suqeim, The Island is expected to feature major casino properties with 1,400 hotel rooms and apartments

Aldar buys UK’s London Square for Dhs1.07bn

Aldar Properties acquires UK developer London Square for Dhs1.07bn

The transaction is expected to have a positive impact on sales, given the opportunities to cross-sell across the two companies’ respective customer base

Oil output freeze by Saudi, Russia to have 'miniscule' impact on oversupply

OPEC+: GCC’s Saudi, UAE, Kuwait and Oman to cut oil outputs

Members of OPEC+ agreed to make additional voluntary outputs in reduction, but the announced cuts were not as deep as expected.

Dubai announces free parking and new bus and metro timings for 52nd Union Day Image RTA

Dubai announces free parking, new metro, bus timing for 52nd Union Day

RTA has introduced free public parking during the Union Day holiday, except for the multi-level parking terminals, from December 2-4

MBC Group sets price range for IPO, seeks to raise $222m

Saudi Arabia’s MBC Group sets price range for IPO, seeks to raise $222m

The broadcaster plans to use the proceeds to repay debt, enhance its financial flexibility and invest in new content for Shahid

UAE announces petrol, diesel prices for December

Fuel prices fall in UAE: latest December rates revealed

The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 7 fils per litre in December

gmg CEO Mohammed A Baker

Cover story: GMG’s Mohammed A Baker has a bold vision for his company

The CEO of GMG shares the retail giant’s global expansion strategy, and how its growth is driven by innovation and powered by excellence

Etihad Rail and ADNOC to launch passenger train service in Abu Dhabi Image courtesy Etihad Rail

Etihad Rail: Abu Dhabi announces new passenger train service

Based on the agreement with Etihad Rail, ADNOC employees will be able to travel between Abu Dhabi and Dhannah via the railway network in the future