Ooredoo Group

Ooredoo Group selects Nokia for 5G deployment in Algeria and Tunisia

The upgrade will lead to improved network performance and help the group to prepare for launch of 5G services

Flydubai reports 43% rise in profit for 2022

Flydubai reports 43% rise in profit for 2022

The carrier flew 10.6 million passengers across its network last year, rising 89 per cent compared to 2021

Tesla

Tesla’s Mexico plant to require $5bn investment

Mexican President Andres Manuel Lopez Obrador earlier said that Tesla will build the plant in Monterrey

emirates development bank 2022

Emirates Development Bank’s financing sees 673% YoY rise in 2022; here’s how much it gave as loans

Emirates Development Bank’s financing contributed Dhs3.5bn to the UAE’s non-oil GDP and helped create more than 12,000 industrial jobs

healthcare

Top 6 innovations disrupting the region’s healthcare space 

Dr Osama Alswailem, chief information officer at King Faisal Specialist Hospital & Research Centre shares some recent trends

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi adds new aircraft, routes to central Asia, Europe and Africa

The ninth aircraft will provide an additional 30,000 ultra-low-fare seats per month

Online fashion retailer Namshi teams up with Tabby

Online fashion retailer Namshi teams up with Tabby

Customers can now use Tabby to split their purchases in four monthly payments at Namshi

Leap23

How LEAP is positioning Saudi Arabia as a technology hub

Public and private sector enterprises are setting standards for digital excellence with the support of events such as LEAP2023

Yahsat

UAE’s Yahsat reports 6% rise in revenue for 2022

Adjusted earnings before interest, taxes, depreciation and amortisation rose 7 per cent year-on-year to total $258m

Dubai South courtesy twitter

Dubai South, dnata to enable enhanced connectivity at cargo handling terminals

The collaboration will see the integration of Masary, an e-gate pass system by Dubai South, with dnata’s Appointment & Dock Management system

Saudi Real Estate Refinance Company reduces LTFR on mortgages

Saudi Real Estate Refinance Company lowers long-term finance rate on mortgages

The rates for mortgages shorter than 20 years remain the same

Qatar Airways launches Premium Experience campaign featuring Deepika Padukone

Qatar Airways launches Premium Experience campaign featuring this Bollywood icon

The Indian actress encapsulates the premium experience available to the airline’s customers

e& increase stake in Vodafone Group

UAE’s e& raises stake to 14% in Vodafone

The telecom operator, which initially acquired a 9.8 per cent stake in Vodafone for $4.4bn in May 2022, said its investment rationale remains unchanged

SABIC projects tight industry margins

Saudi Arabia’s SABIC sees industry margins staying tight

SABIC, which is majority-owned by Saudi Aramco, said average sale prices dropped 9 per cent from the previous quarter.

Meta

Meta to form AI product team to keep up with chatbot competition

The company is trying to use the technology with text-like chats in Meta’s messaging apps WhatsApp and Messenger

EgyptAir

EgyptAir takes delivery of Africa’s first Airbus A321neo

The A321neo brings 20 per cent reduction in fuel consumption and emissions per seat

Retail sector trends from Kearney

Here’s how companies can adapt to changes in the retail sector

By monitoring the signals of shifts in consumer spending closely, retailers can effectively plan their supply chain operations and avoid overstocked shelves

Saudi Arabia's PIF backs emkan capital

Saudi wealth fund unit backs Emkan Capital’s technology fund

Emkan Capital’s technology fund will invest in pre-seed and seed-stage companies with high-growth potential

UAE reveals fuel prices for March 2023

UAE reveals fuel prices for March 2023

Petrol prices will marginally increase, while the price for diesel has been cut

UAE sustainable finance

UAE’s green, sustainable finance enjoy two years of rapid growth

The issuance of green and sustainable finance in the Middle East increased by 532 per cent to $24.6bn in 2021 from $3.8bn a year earlier.

DIFC's Christian Kunz on family-owned businesses

DIFC’s Christian Kunz highlights the potential of family-owned businesses

Family-owned businesses contribute an impressive 60 per cent of the GDP and employ 80 per cent of the workforce, says the chief officer of Strategy and DIFC Ventures

Edmond de Rothschild opens office in Dubai's DIFC

Edmond de Rothschild opens office in Dubai’s DIFC, aims to broaden regional presence

The UAE is already an important market for Edmond de Rothschild, and the new presence will enhance its ability to serve the clients in the region

Google Android

Google announces 9 new features on Android and Wear OS

The announcement was made at Mobile World Congress which kicked off in Barcelona, Spain yesterday

Chatbot My AI

Snap debuts ‘My AI’ chatbot powered by OpenAI’s GPT technology

The chatbot is available only to Snapchat Plus members, who pay $3.99 a month to subscribe

Dubai Holding fully acquires The Westin Paris - Vendôme

Dubai Holding acquires full ownership of The Westin Paris – Vendôme

The property occupies an area of over 32,000 square metres and houses more than 400 rooms and suites

Dubai Chamber introduces Business Sectors Platform

Dubai Chamber of Commerce launches Business Sectors Platform

The platform features a comprehensive set of specialised services to enhance communication between the chamber and private sector

Ras Al Khaimah to launch Digital Assets Oasis

Ras Al Khaimah to open world’s first free zone for digital and virtual asset companies

RAK Digital Assets Oasis will open for applications in Q2 2023

Saudi’s Mawani, Jeddah Chamber to jointly build $267m integrated logistics park

Mawani said the logistics park is expected to further boost its role as a key player in the national transportation ecosystem

Dubai's Emirates is largest foreign airline serving India

Dubai’s Emirates is largest foreign airline serving India

The airline carried 4.45 million passengers between Dubai and India last year

Arab Health: At the crossroads of healthcare

Arab Health: At the crossroads of healthcare

The online event, which began on January 9, will go on until to March 2