UAE debut T-Sukuk oversubcribed

UAE’s debut Islamic treasury bonds attracts bids worth Dhs8.3bn

The T-Sukuk auction will be followed by a listing on Nasdaq Dubai to promote secondary market trading along with primary dealers

dubai Land department

Dubai Land Department launches Real Estate Innovation Incubator 2023

The initiative is aimed at encouraging the testing and commercialisation of new and innovative products and technologies in Dubai

Octopus Energy Masdar ink deal for UK battery storage

Octopus Energy, Masdar ink deal to manage battery storage in UK

The companies will assess joint participation possibilities in renewable energy and explore collaborative opportunities in renewable energy generation

Chalhoub group to operate centre from Riyadh Integrated

Chalhoub Group to open fulfillment centre at Riyadh Integrated

Set to open in mid-2025, the fulfillment centre located in the kingdom’s first special integrated logistics zone will serve as a flagship centre for the region

Oracle

Middle Eastern governments have prioritised and fast-tracked the innovation agenda: Oracle

In a exclusive interview, Richard Smith, Oracle’s executive vice president for Technology in EMEA, sheds light on the region’s rapid advancement of innovation initiatives

ADNOC Baker Hughes agreement

ADNOC, Baker Hughes partner to advance hydrogen technology

The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks at the IFGS 2023 summit at the Guildhall in London, UK, on Tuesday, April 18, 2023. Innovate Finance's Global Summit -- part of U.K. Fintech Week -- runs until Tuesday.

Crypto exchange Coinbase weighs UAE as potential international hub

Coinbase has been navigating a market downturn and a difficult US regulatory environment

EDB adds new financing sector

Emirates Development Bank to finance UAE renewables sector

The bank is now two years into an ambitious five-year strategy aimed at empowering SMEs and large corporates in five priority sectors

DIFC innovation Hub AECB sign agreement to support fintechs

DIFC Innovation Hub, AECB to empower fintech startups in the UAE

The bureau will enable the DIFC Innovation Hub community to tap into new data sets to boost fintech development in the UAE market

Emirates SkyCargo

Emirates SkyCargo to double capacity, expand network with over 20 new destinations

Emirates fleet of over 300 aircraft by mid-2030 will offer expanded cargo flexibility, capacity and capability

Etihad Cargo + Rotate partnership

Etihad Cargo, Rotate to develop sales optimisation solutions

Sales representatives will be able to enhance customer partnerships via customisable smart data accessible through a digital sales tool the carrier is co-developing with Rotate

credit cards

RAKBANK launches digital on-boarding solution for instant credit cards

New customers who apply for a credit card through the bank’s app will also enjoy a host of benefits, including cashback up to Dhs1,000

UAE an enabler of global trade

UAE, Thailand agree to launch CEPA negotiations

The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force

Flyadeal

Online travel marketplace Wego joins forces with flyadeal to enable direct flight bookings

The airline currently operates scheduled flights to 17 domestic destinations across Saudi Arabia and six in Europe, Middle East and Africa

CISOs

Over 60% CISOs in UAE, Saudi Arabia voice concerns over cyber resilience preparedness

New research from Trellix highlights the critical resource gaps reported by two in three CISOs surveyed across the UAE and Saudi Arabia

Cloud7 Residence AlUla (Image: Supplied by Kerten Hospitality)

Kerten Hospitality’s project size in Saudi to reach SAR1.5bn in 2023

The group has launched The Collective by Kerten Hospitality initiative to unify its efforts across all the projects in the kingdom

Deyaar Development

Dubai property firm Deyaar posts 125% surge in Q1 profit

The property developer’s net profit reached Dhs56.4m in the first three months of 2023 from Dhs25m in the same period last year

Flynas A320 new aircraft (Image: Supplied by flynas)

Saudi’s flynas receives three Airbus aircraft

It includes two new A320 neo and one widebody A330 aircraft

Tajikistan

UAE, Tajikistan sign air transport services agreement

The two documents aim to lift restrictions on designated carriers from the UAE and Tajikistan, and streamline trade and air traffic between the two nations

Emirates NBD partners with DIFC to advance shared goal of supporting the Dubai Economic Agenda D33 - Image

Emirates NBD, DIFC to support Dubai Economic Agenda D33 goals

The joint initiative aims to encourage national talent, drive innovation and entrepreneurial growth

ADNOC Logistics shares will begin trading June 1

ADNOC to sell 15% stake in logistics unit in Abu Dhabi IPO

The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business

Burjeel Holdings

Burjeel Holdings’ Q1 2023 profit surges 43.4% to Dhs121.3m

The healthcare services provider said its revenues surged by 11.6 per cent year-on-year to Dhs1.1bn in the first quarter of 2023

Yahsat Ali Al Hashemi

Yahsat reports record Q1 2023 revenue to the tune of Dhs369m

Yahsat’s net income and earnings before interest, taxes, depreciation and amortisation both grew by 35 per cent and 4 per cent respectively year-on-year

Speed Edition 12

Bentley unveils limited Speed Edition 12

The Speed Edition 12 package incorporates a range of distinctive design enhancements

MBZUAI

MBZUAI, OurCrowd Arabia ink MoU to boost funding for AI startups, research

The agreement will enhance Abu Dhabi’s AI innovation ecosystem via strategic partnerships with key government and government-related entities

SUnset Hospitality Group expands presence in Marbella

Dubai-based Sunset Hospitality Group expands footprint in Marbella, Spain

The hospitality group will unveil the established venues inside the METTHotel & Beach Resort Marbella – Estepona

use of ChatGPT

DEWA initiates pilot use of ChatGPT to enhance capabilities of its virtual employee

The move is part of DEWA’s strategy to employ artificial intelligence technologies across all its operations and services

Aramco’s Abha bulk plant

Saudi Aramco Q1 profit drops to $31.9bn on lower oil prices

Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility

Gavin Aspden PwC ethics and accountability

Accountability: Building trust and ethics in the digital age

With clear ethical frameworks and accountability in place, businesses can have the confidence that they are acting morally and ensure trust is maintained by protecting their data

Crypto Oasis

Crypto Oasis identifies over 1,800 Web3 organisations in the UAE

More than 8,650 individuals currently contribute to the crypto, blockchain, metaverse and Web3 ecosystem of the country