Cityscape Global Saudi Arabia Edition

Cityscape Global to debut in Saudi Arabia this year

Over 180,000 domestic and international attendees will attend the debut edition of Cityscape Global

Dubai retains FDI ranking

Dubai retains global top spot for attracting greenfield FDI projects

The emirate ranked first in attracting FDI projects into sectors such as tourism, business services, financial services, transport and warehousing, consumer products, and software and IT services

IsDB annual meet concludes in Jeddah

Financing agreements worth $5.4bn signed at annual IsDB meet

The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development

Zain HQ Building 2021

Zain Group creates global wholesale services JV with Omantel

The venture will manage all international wholesale requirements of Zain and Omantel operations in eight countries

ADNOC Distribution

ADNOC Distribution’s Q1 net profit jumps 5.5% to Dhs551m

The energy provider said its net profit soared 19.4 per cent quarter-on-quarter and free cash flow stood at Dhs1.04bn

Telecom Egypt sells shares

Telecom Egypt offers over 162 million shares up for sale

The second offering, dedicated to staffers of Telecom Egypt, started on Sunday and will go on until May 25

Chatbots

Chatbots: The key to delivering everything, everywhere, all at once

AI-powered chatbots have an exceptional track record of enhancing customer interactions, and that record includes measurable and attributable increases to revenue

ISDB LLF 2.0 launched photo Twitter IsDB

Development bank IsDB, partners launch Lives and Livelihoods Fund 2.0

The committed resources for the fund are aimed at supporting 32 member countries of the bank to achieve 10 of the 17 Sustainable Development Goals

salik photo WAM

Toll operator Salik reports net profit of Dhs275m for Q1 2023

The toll operator reported that revenue-generating trips reached 113.6 million, exceeding the pre-pandemic peak level thanks to the recovery of economic and tourist activity, as well as mobility

AI

The road ahead: AI, analytics and automation trends for agility and resilience

Businesses can leverage AI and automation to streamline their operations, reduce costs, improve efficiency and unlock new revenue streams

hytera CM Kenneth Liang interview on tech trends

Interview: Hytera’s Kenneth Liang on tech trends driving critical comms and security

The country manager for the advanced comms solutions provider shares how artificial intelligence and other tech tools are being employed extensively in the law enforcement sector

Virtual reality may help cure healthcare

Virtual reality therapy has been used to reduce pain and anxiety without costly or potentially addictive medications

Al Ansari Financial Services Q1 2023

Al Ansari Financial Services reports 7.2% rise in net profit to Dhs133m for Q1 2023

The performance is attributed to a strong increase in exchange income from bank notes, pre-paid cards products, operating leverage and rise in transactions through digital channels

Ministry of Economy signs MoU with Presight to enhance UAE's attractiveness to FDI & support private sector partnership

UAE Ministry of Economy signs MoU with Presight to drive FDI

Presight will work with the ministry to attract foreign direct investments to new sectors in the UAE, by deploying big data, analytics and AI in education, healthcare, infrastructure and financial services

Oppo Find N2 Flip

OPPO unveils Find N2 Flip smartphone

The Find N2 Flip will be among the first smartphones in the world to receive the new Google Android 14 Beta 1 update

Rua Al Madinah (Image: Supplied by Accor)

Accor signs deal for three properties in Madinah

A Fairmont, Swissôtel and Novotel will cumulatively add over 1,000 keys to Accor’s portfolio in Saudi Arabia

Emirates boarding pass (Image: Supplied by Emirates)

Emirates to phase out paper boarding passes for flights from Dubai

From May 15, most passengers departing from T3 at DXB will have to use a mobile boarding pass

IHC photo twitter IHC official

Abu Dhabi-based IHC posts 20.5% rise in Q1 net profit to Dhs4.3bn

The company achieved a robust revenue increase of 50 per cent versus Q1 2022, reaching Dhs15.7bn during Q1 2023

EMAAR DOWNTOWN_DUBAI

Emaar records net profit rise of 43% to Dhs3.2bn for Q1 2023

Emaar’s group property sales reached Dhs9.2bn, an 11 per cent increase compared to Q1 2022

Emirates Development Bank joins IRENA's AFID

Emirates Development Bank joins IRENA’s Alliance for Industry Decarbonization

Emirates Development Bank will showcase its flexible financial solutions to support companies operating within the renewables sector

Dubai Chambers signs MoU with AACCI

Dubai Chambers opens Sydney office, signs MoU with Australia Arab Chamber

The Sydney office is the second to be inaugurated in 2023 and expands the chamber’s global network to 17 representation offices

ADNOC Gas first Q1 results

ADNOC Gas’ Q1 net income surges by 9% to $1.3bn

The net income for the quarter ended March 31 included a one-time tax benefit of $300m following its formation earlier this year

UAE France

UAE, France trade grew 17%, reached Dhs29.5bn in 2022

The bilateral trade between the two countries consisted of imports valued at Dhs25.2bn, while exports and re-exports were valued at approximately Dhs4.2bn

Google

Google to revamp search with generative AI tools

The company is also trying to be thoughtful about how to set expectations with users about the capabilities of generative AI

Emirates Group

Dubai’s Emirates Group reports highest-ever annual profit of Dhs10.9bn for FY2022-23

Emirates Airline reported its most profitable year ever with a profit of Dhs10.6bn compared with Dhs3.9bn loss in the previous year

Pixel Fold

Google enters foldable market with Pixel Fold

The move into the pricier foldables category marks a strategy shift for Google, which has so far focused on undercutting the cost of competitor’s devices

Huawei

Huawei launches line-up of flagship devices in the UAE

With pre-orders starting May 10, the devices are available from Huawei’s e-shop, Huawei Experience Stores and across select retailers in the country

Rotana's Guy Hutchinson signs the agreement at the FHS in Riyadh. (Image: Supplied by Rotana)

Rotana signs agreement for five new properties in Riyadh

The openings will cumulatively add 618 keys to its portfolio and includes four Edge by Rotana hotels as well as one Rayhaan by Rotana property

Dana Gas

UAE’s Dana Gas reports Dhs183m net profit in Q1 2023

Profitability for the quarter dropped 7 per cent compared to a 22 per cent decrease in the company’s realised prices during the period

Emirates installation at Expo 2020 Dubai (Image: Supplied by Emirates)

Emirates unveils $200m aviation sustainability fund

The amount, disbursed over three years, will support R&D on projects aimed at reducing the impact of fossil fuels in commercial aviation