Samsung

Samsung drives $400bn South Korea plan to propel key tech

The company plans to build a new chip cluster on the outskirts of Seoul

Mashreq’s group head of corporate & investment banking

UAE’s Mashreq finances sustainable investments worth $15.5bn

The bank is committed to developing financial solutions that help businesses scale up operations while achieving their ESG objectives

PIF unveils 3 private sector initiatives. Image by PIF

Saudi Arabia’s PIF unveils three initiatives to boost private sector growth

The strategy aligns with the fund’s aim to support the private sector in increasing its contribution to GDP by up to 65 per cent by 2030

Air Arabia

UAE’s Air Arabia to distribute 15% dividend for 2022

The dividend is equivalent to 15 fils per share

Porsche Taycan Turbo. Image by Porsche

Porsche operating profit in 2022 surges $7.2bn on high revenues

The automaker said it is pushing its strategy of modern luxury in 2023 and has started its ambitious Road to 20 programme

The COFE Team Image location courtesy: Emirati Coffee Co.

COFE raises $15m in Series B funding round

Last year, COFE announced a partnership with the Saudi Coffee Company with a mandate to invest SAR1.2bn in the kingdom’s coffee sector by 2030

Purvi Munot Sav CEO

Homegrown startup Sav raises $750,000 in pre-seed round

The savings platform is part of the Mohammed Bin Rashid Innovation Fund’s (MBRIF) Innovation Accelerator programme

Burger Index

Food tech startup Burger Index raises $1.3m seed funding to expand into GCC

The funding round was led by Flat6Labs, MENA region’s seed and early-stage venture capital firm

Gisec

Gisec Global 2023 boosts cyber resilience of Middle East digital economy

The event, which will run until March 16, is hosting over 500 exhibitors from 53 countries

Boeing and Riyadh Air sign order agreement

Riyadh Air starts to build fleet, orders Boeing 787-9 Dreamliners

The first deliveries of the widebody aircraft are scheduled for early 2025

Tencent Cloud

Checkmate.live joins forces with Tencent Cloud

Tencent Cloud has expertise in cloud computing, artificial intelligence, anti-cheat protection, gaming and XR

Dubai's Emirates to ramp flight frequencies to more than 15 destinations

Dubai’s Emirates to ramp up flight frequencies to more than 15 destinations

The carrier continues to scale up its A380 operations with the reintroduction of the aircraft across its network

retail summit

Global, regional retail giants converge on Dubai for The Retail Summit

The summit supports international brands looking to either establish an in-market presence or sell via cross-border ecommerce to the UAE

Some private schools in Sharjah can hike up to 5% fee for new academic year

Some private schools in Sharjah can hike fee for new academic year

However, schools with a rating below ‘Acceptable’ are not eligible to increase the tuition fee

SCCI, EDB partnership

Sharjah Chamber, EDB review funding solutions for investors

The bank is a financial enabler of the UAE’s economic diversification and industrial transformation agenda

Abu Dhabi’s Etihad announces flash sale, offers 20% discount

Abu Dhabi’s Etihad announces flash sale, offers up to 20% discount

The promotion is valid on return and one-way journeys on Etihad-operated flights booked on the carrier’s website

DUBai World Trade Centre DWTC photo courtesy Dubai Media Office twitter

Here’s how many visitors Dubai’s DWTC welcomed in 2022

Dubai World Trade Centre hosted 244 exhibitions and events in 2022, growing by 39 per cent over the previous year

Abu Dhabi foster innovation

Abu Dhabi expands patent service to foster innovation

Financial aid for all supported businesses will increase by up to 30 per cent to help inventors during the critical invention phase

ADNOC Gas IPO debuts on ADX

Abu Dhabi’s ADNOC Gas surges on ADX trading debut

The IPO is the largest ever in Abu Dhabi and the largest globally, year to date, as the emirate is expecting eight more listings

E-commerce global technology

E-commerce: Local adaptation of global technology

The overall success in the field of e-commerce is predominantly dependent on new forms of global technologies

Nomo

Digital Islamic bank Nomo launches multi-currency accounts

First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC

Presight AI _Cover Image_IPO

Presight AI announces start of subscription for IPO

The listing is the latest in a series of IPOs in the Gulf region as governments seek to bring more international investors into their markets

AZ valu Fund photo for illustrative purposes GettyImages-1080377280_Cairo1

Fintech platform valU, Azimut partner to launch AZ valU Fund

The fund aims to give clients access to daily redemptions without locking capital up in long-term, fixed instruments

Air Arabia Abu Dhabi launches flight to Amman

Air Arabia Abu Dhabi marks inaugural flight to Amman

The new direct flights will connect Abu Dhabi International Airport to Queen Alia International Airport in Amman with a frequency of three flights weekly

Syed Basar Shueb, IHC CEO and Managing Director

Abu Dhabi-based IHC’s 2022 profit surges to a record $8.9bn

The conglomerate’s revenues surged by 78 per cent to Dhs50.9bn, driven by growth across all verticals and the company’s strategic acquisitions in 2022

GMG's new Africa HQ in District 5, Cairo

UAE’s GMG opens new office in District 5, Cairo

By 2025, GMG aims to double its global workforce through acquisitions, developing fresh concepts and entering new geographies

Saudi Aramco’s record net income. Image by Aramco

Saudi Aramco profit surges to $161.1bn in 2022, raises dividend

The company’s declared a dividend of $19.5bn for the final quarter of 2022, a 4 per cent increase compared to the previous three-month period

Mohammed bin Salman

Saudi Arabia unveils Riyadh Air, the country’s new national carrier

Riyadh will be the company’s operational hub, and will connect the Saudi capital to over 100 destinations globally

How hospitality is reshaping Dubai's real estate landscape

How hospitality is reshaping Dubai’s real estate landscape

The growing stature of Dubai as a tourist destination is redefining developers’ strategies

Honor

Honor’s chairman emphasises MEA region’s importance during his visit

At the heart of our values lies product innovation, and we are committed to investing substantially in research and development, says Wan Biao