Presight AI debuts on ADX

Presight AI surges 176% in Abu Dhabi debut after $496m IPO

The data analytics firm’s shares shot up as much as 176 per cent to Dhs3.70 compared to the IPO price of Dhs1.34 apiece

ASUS ExpertBook

Here’s how ASUS ExpertBook adapts to evolving business needs

The brand’s ExpertBook B6 Flip is designed for professionals who demand high performance and durability

South Korea

South Korea to surpass China in chip machine spending next year

Chip foundries are particularly important in the race for economic and political dominance

Aldar unveils the Source

UAE’s Aldar Properties unveils homes dedicated to health and wellbeing

Construction of the project is set to start in the last quarter of 2023, with handovers projected for Q3 2026

RTA Head Office

Dubai’s RTA introduces Comprehensive Digital Experience Lab

The RTA lab will improve both the quality and design of services from a customer’s perspective and also support its employees

Mohamed Ali Al Ansari - Group Chairman of Al Ansari Financial Services

Al Ansari Exchange raises Dhs773m in IPO, attracts bids worth Dhs12.7bn

The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing

Twitter equity grants

Twitter offers new equity grants to employees

The company plans to offer a liquidity event in about a year when workers will be able to cash out some of their equity

Aramco, HAPCO JV

Aramco, China JV to start work on petrochem complex

The state-owned oil giant will supply up to 210,000 bpd of crude oil feedstock to the complex, which is being built in China’s Liaoning province

DP World Logistics Container

DP World’s investments top $10bn in past decade

The company’s investments in 2022 totalled $320m despite slowing demand for logistics services due to the global economic challenges

Sheikh Zayed Housing Programme

Sheikh Zayed Housing Programme approves Dhs298.7m in aid

The MoEI issued the aid via 432 decisions on applications for house construction, completion, purchase, maintenance and upgrades

Arab Jordan Investment Bank & Standard Chartered agreement

Arab Jordan Investment Bank to acquire Standard Chartered’s business in Jordan

Standard Chartered’s corporate, commercial and institutional banking, and consumer, private and business banking businesses in Jordan will move to AJIB

creator economy

You need to be creative to keep up with the creator economy

The challenging times of 2023 will function as a great motivator for the industry

Sophos

Women in tech: Julie Davila, VP of global field CTO operations at Sophos

Focus deeply on enjoying the process of growth of your knowledge, and let time and experience develop your opinions

SME story: Interview with Khaled Arwani, founder of MyUniPath

SME story: Interview with Khaled Arwani, founder of MyUniPath

The university admission and application process can be very challenging and time-consuming and is quite fragmented

Design Quarter D3 EXT 01

Meraas launches Design Quarter at d3, offers hub’s first luxury residences

Construction is set to begin this year and is expected to be completed in May 2027

Emirates starts A380 service to Bali

Dubai’s Emirates inaugurates A380 service to Bali

This is the first scheduled A380 service to the country

Ahmad Ali Alwan_Impact Event by HUb71

Abu Dhabi’s Hub71 sees robust 102% growth in in 2022

Hub71 and its focus on driving impact for startups and Abu Dhabi has led to the facilitation of 41 POCs for corporate partners valued at Dhs160m by the end of 2022

NEOM Airlines launched

New Saudi carrier: NEOM Airlines to launch in 2024

The airline will be focused on enabling travel for tourists, residents and commercial partners to and from NEOM

OPEC

Oil declines amid bank concerns, US caution on stockpile refill

West Texas Intermediate declined toward $69 a barrel after on Thursday

Aramco

Aramco, Samsung sign MoU, will leverage 5G tech

The non-binding MoU aims to contribute to the digital transformation of various industrial sectors in Saudi Arabia

Accenture

Accenture to cut 19,000 jobs globally

The company’s job cuts make up about 2.5 per cent of its workforce

GMG's new Dubai Investment Park facility is one of the UAE’s largest food manufacturing facilities

GMG eyes global expansion, launches four food manufacturing units

GMG’s Dubai Investment Park facility – one of UAE’s largest food manufacturing facilities – includes three factories to process added-value meat, poultry, and seafood items

CBUAE's CBDC strategy

CBUAE unveils Central Bank Digital Currency strategy

The first phase of CBUAE’s CBDC strategy is expected to complete over the next 12 to 15 months and comprises three major pillars

EV Chargers

UK set for massive rollout of EV chargers in net-zero push

England’s Surrey County Council and EV-infrastructure company Connected Kerb plan to install 10,000 chargers by 2030

NEOM Bay Airport contract

Saudi Arabia’s NEOM awards contract for international airport

The contract’s scope includes project management for master planning, design and construction services, through to testing, commissioning, operational readiness, activation and transition

VFS Global

VFS Global extends Ramadan timings in UAE

Offers premium application centre services for UK visa applicants

interest rate

Gulf central banks raise interest rate based on US Federal Reserve hike

The central banks announced interest rate hikes by 25 basis points

AD Ports partners with Egypt’s SCZone

AD Ports, Suez Canal Economic Zone partner to develop projects in Egypt

The ports operator will develop projects in the ports of East Port Said, West Port Said and Al Areesh

ADQ AgTech Park commences operations with vertical farming project

ADQ’s AgTech Park begins operations, launches vertical farming project

At full scale, the 200-hectare AgTech Park will target production volumes of over 40 kilotonnes of fresh fruits and vegetables annually

Mubadala Building jv with Ares.

Mubadala, Ares create $1bn JV to invest in credit secondaries

The venture represents a key milestone for both organisations and will enhance Mubadala’s positioning within the secondaries credit market