Cyber Week

Cyber Week 2023: Top cybersecurity experts gather to discuss latest trends

The annual cybersecurity event, hosted at Tel Aviv University, successfully concluded its 13th conference last month

emaar

Emaar shares push Dubai stocks to 2015 high as economic outlook lifts mood

S&P Global Ratings recently upgraded Emaar Properties based on the strong demand seen in the UAE’s real estate sector

Red Sea Global

Red Sea Global awards contracts worth $2.4bn to Saudi Airlines Catering

The partnership is expected to create more than 500 new jobs for local talent across the kingdom

Abu Dhabi Global Market introduces Sustainable Finance Regulatory Framework Image ADGM

Abu Dhabi Global Market introduces regulatory framework for sustainable finance

The framework complements ADGM’s existing regulation of carbon offsets, facilitating the establishment of the world’s first regulated carbon offsets exchange and clearing house

Aldar, IHC, ADNEC merge property, facilities management

Aldar, IHC, ADNEC merge property, facilities mgmt assets

The merger adds considerable weight to Aldar Estates, taking its portfolio of residential units under management to approximately 135,000

Steven Gerrard has been named manager of Saudi Arabian side Al Ettifaq

Steven Gerard signed by Saudi Pro League Club Al Ettifaq as manager

Ettifaq are two-time champions but finished seventh in the Saudi Pro League last season

INVESTMENT

Bahrain signs $1.3bn strategic investment deal with UK

The agreement aims to facilitate investment in sectors such as clean technology, business services and manufacturing

Birmingham Airport

Saudia launches first flight to Birmingham Airport

This is a significant step in Saudia’s strategy of expanding its international network and strengthening connections between the kingdom and the rest of the world

Ramada Encore by Wyndham Al Khobar Corniche (Image: Supplied by Wyndham Hotels and Resorts)

Wyndham to open 79-key property in Al Khobar

Ramada Encore by Wyndham Al Khobar Corniche is located in Saudi Arabia’s Eastern Province

Red Sea Global Water sports

Red Sea Global, North Sails collaborate on sustainable sailing and water sports

The partnership will involve North Sails Apparel providing performance apparel for WAMA, RSG’s water sports brand, catering to the needs of their sailing and water sports staff

RTA transports over 6 million riders across Dubai during Eid Al Adha Image courtesy RTA twitter

RTA transports over 6 million commuters across Dubai during Eid Al Adha

The number of metro riders on both the Red and Green Lines during the holiday reached 2.388 million riders

Investcorp invests $100m in communications firm SEC Newgate

Bahrain’s Investcorp invests $100m in communications firm SEC Newgate

The transaction is expected to close between the third and fourth quarter of 2023, subject to regulatory approvals

UAE updates energy strategy, to invest 54.5bn in renewables

UAE updates energy strategy, to invest $54.5bn in renewables

The strategy aims to triple the contribution of renewables to the country’s energy mix by 2030 to reduce the effects of climate change

Vision Pro

Apple sharply cuts Vision Pro headset production target

The iPhone maker is now preparing to make fewer than 400,000 units of the $3,499 device in 2024, and plans for a more affordable version have been pushed back

Etihad Cargo Wallenborn partnership Image Etihad cargo

Etihad Cargo expands European road feeder services to 90 airports

Etihad Cargo has partnered with Wallenborn Transports, offering seamless connectivity between its European gateways and Wallenborn’s network of airports in 27 countries

Régis Schultz, CEO of JD Sports (L) and Mohammad A. Baker, Deputy Chairman and CEO of GMG (R) at the signing of the franchise agreement _ image GMG

UAE’s GMG to bring JD Sports to the Middle East, signs franchise agreement

Under the terms of the 10-year agreement, GMG will open around 50 stores under the JD fascia by 2028, across the UAE, Saudi Arabia, Kuwait and Egypt

ICV-certified

ICV-certified companies granted special rates on Etihad Airways flights

The initiative is a collaborative effort between MoIAT and the airline, unveiled during this year’s ‘Make it in the Emirates Forum’

Islamic Coin

Islamic Coin secures $200m funding from ABO Digital

The total funding has reached $400m

ADNOC Gas awards natural gas pipeline contracts worth $1.34bn

ADNOC Gas awards natural gas pipeline contracts worth $1.34bn

The pipeline extension will drive further growth as part of the company’s strategy to increase its market share and enhance its customer base

Zero trust

Zero trust is top cloud security priority for next year, research finds

‘Future of Cloud Security in the Middle East’ report found that security experts would prioritise zero trust strategies ahead of data and privacy and compliance

Fraser Suites Al Liwan Bahrain (Image: Supplied by Frasers Hospitality)

Frasers Hospitality to open third serviced apartment project in Bahrain

Fraser Suites Al Liwan Bahrain will offer 63 units and will welcome its first guests in the fourth quarter of 2023

Apple

Apple eyes historic $3tn valuation amid big tech surge

The iPhone maker was on the cusp of making history on Friday, rising as much as 0.6 per cent to $190.80 in premarket trading

economic volatility

Here are three ways to ride economic volatility to triumph

While not easy, riding the moment to triumph is possible

Dubai RTA awarded contract for Garn Al Sabkha Street Sheikh Mohammed Bin Zayed Road Intersection Improvement Project Image RTA

Dubai: Dhs374m road project to enable smooth traffic flow, support population growth

The scope of the project covers the construction of four bridges, spanning 3,000 metres capable of carrying 17,600 vehicles per hour

AD Ports Group completes acquisition of Noatum

AD Ports Group completes acquisition of Spain’s Noatum

The landmark deal brings together two major industry players to form a global powerhouse in the trade and logistics industry

UAE economy

UAE economy primed for stronger growth in H2 2023

The World Bank has forecasted a 2.8 per cent growth in the UAE’s real GDP for this year

sharjah summer promotions 2023 begins on July 1 Image courtesy WAM -e1674191212440

Shopping festival: Sharjah Summer Promotions begins, up to 75% in discounts

Considered one of the key events in Sharjah’s annual retail calendar, the 65-day shopping festival is celebrating its 20th anniversary this year

Twitter

Twitter temporarily caps number of tweets users can see each day

Elon Musk has made a series of changes to Twitter since buying the social media company in 2022

HDFC

HDFC vaults into ranks of world’s most valuable banks

The tie-up of HDFC Bank and Housing Development Finance Corporation creates a lender that ranks fourth in equity market capitalisation

hotels

World’s best hotels: Multiple Dubai luxury properties in the list

On the best hotels list, the scoring system resulted in many ties, with 20 hotels sharing the No. 5 spot