Investcorp Tokyo Japan

Bahrain’s Investcorp launches presence in Japan

The firm has appointed Professor Heizo Takenaka as the chairman of Investcorp Japan

Abraj oil drilling deal

Oman’s Abraj inks oil drilling deal with Chevron, Kuwait Gulf Oil Company

Abraj will construct three drilling platforms in the Wafra oilfield in the southern part of Kuwait as part of the deal

Twitter job cut

Twitter cuts more engineering, product jobs to curb costs

Some employees learned they were laid off via an email, and others tweeted that they learned they were terminated when they could no longer log into the internal system

Wall street

General Atlantic joins push for Middle East sovereign wealth

The US-based firm has been investing in the region since 2015 and has deployed about $400m in companies such as Property Finder and Network International

World's Coolest winter campaign photo WAM

World’s Coolest Winter campaign concludes, here are its highlights

The third edition raised the number of domestic tourists to 1.4 million, an increase of 8 per cent over the previous edition

Sheikh Hamdan announces first phase of Emirati initiative Image_WAM

Sheikh Hamdan launches first phase of ‘Emirati’ initiative

The first phase of the initiative will see 22 new services added to the current 131 services available on the platform

UAE, Egypt, Jordan, Bahrain sign industrial deals worth $2bn

UAE, Egypt, Jordan, Bahrain sign industrial deals worth $2bn

The agreements were signed at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development, held in Amman on February 26

Crypto lenders

Crypto lenders morph into miners

With the recent surge in loan defaults and plunge in cryptocurrencies, the value of new generation machines has dropped 85 per cent

The role of research and advisory in real estate

The involvement of research and advisory in real estate begins ideally at the concept and feasibility study stage of the project

Baynouna Solar Park_Group launch in Jordan

Masdar inaugurates Jordan’s Baynouna Solar Park

The Baynouna Solar Park produces over 560 gigawatt-hours of energy annually – enough to power 160,000 homes

2023 Tech trends

What’s in store for the tech industry in 2023?

Let’s explore the tech trends on the radar

What can we expect from financial services across MENA in 2023?

There will be a lot of interest in fintech

Tawazun Industrial Park, Yellow Door Energy pact

Tawazun Industrial Park unveils new solar power project

Tawazun said the solar park is expected to produce 7.1 million kilowatt-hours of clean energy in the first year of operation

Emirates NBD arranges Egypt sukuk

Emirates NBD arranges Egypt’s $1.5bn sukuk

Emirates NBD said that the sukuk received strong appetite from regional and global emerging market investors

DMCC

DMCC, TDeFi to support Web3, blockchain firms

The accelerator programme will offer mentorship and sessions on a range of topics related to crypto and scaling a business

Non-oil foreign trade between UAE, Kuwait grows 87% over a decade

UAE, Kuwait non-oil trade grows 87% over decade

Non-oil foreign trade between the UAE and Kuwait reached Dhs43bn by the end of 2022

Unit 3 of UAE's Barakah plant starts commercial operations

Unit 3 of UAE’s Barakah plant starts commercial operations

When fully operational, the plant will prevent 22.4 million tonnes of carbon emissions every year

Oman, Israel

Oman opens airspace to all airlines

The sultanate’s historic decision is expected to shorten flights to some Asian destinations by more than two hours

Netflix

Netflix lowers price of plans by up to 50% in over 100 countries

Netflix is lowering prices in countries that account for a small percentage of its subscriber base

UAE's Yahsat, Bayanat partner to develop in-country space programme

UAE’s Yahsat, Bayanat partner to develop in-country space programme

The partnership aims to build and operate strategic earth observation capabilities within the UAE

Sheikh Mohammed at the inauguration of the UAE National Railway Network Photo courtesy WAM

Sheikh Mohammed witnesses launch of UAE National Railway Network operations

The ambitious development project is one of the largest infrastructure projects in the region and aims to link the seven emirates with a main railway network

California

Tesla to build engineering headquarters in California

The company is occupying the former headquarters of Hewlett Packard, Tesla chief executive officer Elon Musk said Wednesday

AI in retail

Is ChatGPT worth the hype?

ChatGPT is a good tool for businesses and here are some ways they can use it to their benefit

One Medical

Amazon has completed $3.49bn deal for One Medical

One Medical operates more than 200 medical offices in 26 markets in the US

ADNOC- Gas IPO

ADNOC Gas eyes $2bn from world’s biggest IPO this year

ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43

Abu Dhabi Fund _photo courtesy WAM Wam

How Abu Dhabi Fund’s first development project in Nigeria will serve the community

The project is expected to stimulate commercial activities and improve transport links between the main cities in the country

Deals worth $1.579bn signed on day three of IDEX and NAVDEX 2023

Deals worth $1.579bn signed on day three of IDEX and NAVDEX 2023

A total of 34 deals, worth $5.02bn, have been announced thus far

Oman and Etihad Rail Company

Oman and Etihad Rail Company, Mubadala partner to develop 303km rail network

Passenger trains will run up to 200 kilometres per hour, reducing the time of the journey between Sohar and Abu Dhabi to 100 minutes

Emirates recycles equivalent of fully loaded A380 in 2022

Emirates recycles materials equivalent to fully loaded A380 in 2022

The carrier recycled more than 500,000 kilograms of plastic and glass last year