crypto currency

Kuwait bans cryptocurrency, crypto mining and transacting in virtual assets

The country’s Capital Markets Authority placed a prohibition on the use of digital currencies in making payments

Lombard Odier

Crypto Oasis Ventures, DIFC to collaborate on accelerator programmes

The partnership is expected to bring immense value to startups participating in DIFC Innovation Hub’s various accelerator programmes this year

G42 signs AI supercomputer deal with Cerebras Systems

UAE’s G42, Cerebras unveil world’s largest AI supercomputer

The two entities plan to deploy two more AI supercomputers, CG-2 and CG-3, in the US in early 2024

Heat exchangers for the binary geothermal system at the Blundell Geothermal Plant in Utah. At left are the cooling towers of the single-flash unit at the plant and the main generating building. (photo by: Jon G. Fuller/VW Pics/ Universal Images Group via Getty Images)

Energy startup says it has achieved geothermal tech breakthrough

Geothermal power plants are carbon-free and can operate any time, making them a critical part of a 100 per cent carbon-free electric grid

HSBC acts as custodian for debut DFM SLB transaction

HSBC acts as custodian for debut DFM securities lending transaction

The execution of the first international securities lending and borrowing transaction is the latest step in the continued evolution of Dubai’s capital markets

Hotel Indigo to open in Oxagon, NEOM (Image: Supplied by IHG Hotels and Resorts)

NEOM’s Oxagon to get 250-key Hotel Indigo

Located in the northwest of Saudi Arabia, the hotel will welcome its first guests in 2026

gcc

GCC Jeddah Summit: Sheikh Mohammed bin Rashid meets Saudi Crown Prince

Sheikh Mohammed is leading the UAE delegation to the GCC-C5 summit in Saudi Arabia

World’s first liquefied hydrogen carrier ship at Jeddah Islamic Port

Saudi’s energy minister visits world’s first liquefied hydrogen carrier ship at Jeddah Port

Saudi Arabia is focusing on clean hydrogen production and transportation as it seeks to transition its economy and energy mix

Staybridge Suites Dubai Business Bay (Image: Supplied by IHG Hotels and Resorts)

IHG to open dual-brand property in Dubai

A 275-key Holiday Inn and residential-style Staybridge Suites hotel in Business Bay will both be operational later this year

Abu-Dhabi based Multiply Group invest in EIG GettyImages-1331237787

Air France to commence daily direct flights to Abu Dhabi from Paris

It will begin operations on the route from October 29, 2023

Meta's Llama 2 model released

Meta unveils AI chatbot Llama 2 for commercial use via Microsoft

The partnership aligns Meta more closely with Microsoft, which has emerged as the clear leader in AI

Riyadh Air PSU sign MoU simualtor centre to be set up at campus Image courtesy Riyadh AIr

Saudi’s Riyadh Air to build first simulator centre at Prince Sultan University

Riyadh Air will partner with PSU to build long-term academic programmes to support students who want to pursue a career in aviation

Asus Zenbook 14X OLED

Performance powerhouse: The ASUS Zenbook 14X OLED is ideal for professionals on the go

This laptop should be a top choice for executives and creators as it outpaces its competitors on most fronts

UAE and Turkey sign deals worth $50bn Image courtesy WAM

UAE, Turkey sign accord, strategic agreements valued at $50.7bn

The countries signed a joint accord to establish a high-level strategic council, further cementing ties between the UAE and Turkey

Fluent Finance opens Abu Dhabi office

Fluent Finance opens Abu Dhabi office to advance trade finance

The blockchain firm said its new UAE entity will focus on deposit token infrastructure to promote cost-effective and borderless trade finance

DEWA’s new Disruptive Lab set to advance Dubai’s power sector

DEWA launches new disruptive lab at its distribution power division complex

The lab promotes partnerships and exchanging experiences with leading global institutions in the utility sector

AI

Saudi Aramco VC fund backs AI-powered emissions monitor Tenderd

Tenderd’s AI-technology could end up being used by Aramco as it looks to reduce its environmental impact and hit its net zero target

Abu Dhabi Real estate FDI see 363 per cent rise in H1 2023 Saadiyat Island_Image courtesy WAM

Abu Dhabi real estate sector attracts Dhs834m in FDI in H1 2023

This represents a robust rise of 363 per cent compared to the same period in 2022

sustainable golf

Hero Dubai Desert Classic achieves GEO Certified status in its sustainability push for golf

The Hero Dubai Deserts Classic’s GEO certification serves as a testament to Dubai’s position as a global leader in its commitment to a greener future

dr sultan ahmed al jaber chairman masdar

UAE’s Masdar successfully issues first $750m 10-year green bond

Proceeds from the bond offerings will be deployed towards projects in the renewables sector, namely solar, wind, renewable power transmission and distribution infrastructure, and battery storage assets

non-oil trade boosts UAE Economy

Sheikh Mohammed announces major urban planning law for Dubai

The new urban planning law seeks to develop an integrated and effective system for the emirate

Dubai issues first construction licence for 3D-printed villa Image Dubai Media Office

Dubai issues first construction licence for 3D-printed villa

The villa is expected to be completed by October and will be built entirely from locally sourced concrete

Turkey's president arrives in UAE

Turkey’s President Recep Tayyep Erdogan in UAE for bilateral meet

President Erdogan is scheduled to hold talks with UAE’s President Sheikh Mohamed bin Zayed Al Nahyan

ADNOC signs $7-9bn 14-year LNG deal with India

ADNOC Gas agrees $7-9bn 14-year LNG deal with India

The landmark LNG deal was signed during Prime Minister Narendra Modi’s official visit to the UAE last week

One&Only Za’abeel Dubai (Image: Supplied by One&Only)

One&Only One Za’abeel Dubai to welcome first guests in December

One Za’abeel’s dual skyscrapers are intersected by the world’s longest cantilever, The Link, located a 100 metres above the street

Oppo reno 10

OPPO launches Reno10 Series phones, Enco Air3 Pro earbuds, Pad 2

With its line-up of powerful hardware, the Reno 10 series delivers exceptional imaging technology at a competitive price point

Yas Island

Aldar, Abu Dhabi Housing Authority unveil Dhs8bn project on Yas Island

The project is part of Abu Dhabi Government’s efforts to develop integrated and sustainable residential neighbourhoods

Polypropylene

Masdar, MCG, INPEX to explore commercial-scale polypropylene production

Polypropylene, a type of plastic material, is used to manufacture everyday items such as bottles, jars and food packaging

Emirates’ unveils new meal preorder service

Flying business? Try Emirates’ new meal preorder service

The service allows customers to preselect their hot main meal between 14 days and 24 hours in advance of their flight

Airavat Aviation Private Jets

Airavat Aviation to bring luxury private air travel to the Middle East

Airavat’s fleet of Hawker 4000 super-midsize private jets will offer on-demand flights to Europe, Africa, Asia, and the Middle East from its Dubai base