G42 healthcare and SomaLogic

G42 Healthcare, SomaLogic bring proteomics to the GCC

G42 Healthcare plans to set up laboratory facilities in Abu Dhabi to provide Somascan proteomic services for research and clinical applications

Chainalysis

GIC-backed Chainalysis cuts jobs in latest crypto layoffs

The spokesperson said the cuts are part of a wider reorganisation

Pinterest

Pinterest joins tech giants in layoffs, slashes 150 jobs 

The company had about 4,000 employees as of the end of the third quarter

Aldar-announces-JV with Dubai Holding

Aldar signs strategic JV with Dubai Holding, enters Dubai real estate market

The communities will feature over 9,000 residential units, with launches planned for this year

Abu Dhabi's Etihad Airways to increase flights to Frankfurt

Abu Dhabi’s Etihad Airways to increase flights to Frankfurt

The new services will increase the total number of weekly flights to the German destination to 11

National

National Marine Dredging Group achieves 30% growth in net profit during 2022

The group’s total assets increased to Dhs16bn, an increase of 24 per cent compared with total assets at December 31, 2021

Bal Krishen Rathore

Power Letters 2023: Bal Krishen Rathore, chairman and CEO, Century Financial

Inflation and interest rate forecasts will remain crucial in 2023

MoHAP

UAE’s MoHAP launches 3D digital metaverse assessment service

The service integrates the real, virtual and digital worlds, enhancing the delivery of both government and private healthcare services

Samsung galaxy

Samsung unveils Galaxy S23 series

Starting February 17, Galaxy S23 Ultra, Galaxy S23+ and Galaxy S23 will be widely available in carriers and retailers, and on the brand’s website

Dubai records 5.5% growth in energy demand in 2022

Dubai records 5.5% growth in energy demand in 2022

Energy demand last year reached 53,180 gigawatt-hours, compared to 50,401 gigawatt-hours in 2021

Saudi Omani conference Photo courtesy saudi press agency SPA

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh

vertical farms

Saudi’s PIF partners with AeroFarms to build indoor vertical farms across MENA

The first farm, to be built in Saudi Arabia, will have an annual production capacity of up to 1.1 million kgs of crops

Bitcoin

Bitcoin jumps to highest since August in post-Fed crypto rally

The largest token rose as much as 2.4 per cent and was trading at $24,020 in Singapore

OPEC+ keeps output steady amid uncertainty

OPEC+ keeps output steady amid uncertainty

Oil prices have had a rocky start to 2023, with a rally in mid-January fading away by the end of the month

UAE central bank raises base rate _ feb 2023

UAE central Bank raises base rate by 25 basis points

The central banks of Saudi Arabia and Bahrain also increased their interest rates after the US Federal Reserve raised its target interest rate

AFC Asian Cup

Saudi Arabia wins rights to host AFC Asian Cup 2027

Saudi Arabia has won the prestigious AFC Asian Cup championship on three occasions: 1984, 1988, and 1996

Aldar subsidiary ETHER to open soon

Aldar subsidiary Cloud Spaces to launch ETHER, a new co-retail space, at Yas Mall

This co-retail space provides an accessible, tech-powered retail platform, where shoppers can explore multiple product lines under one roof

fintechs UAE

Fringe to forward: Charting fintech’s journey in the UAE 

Initiatives launched by the government to support crypto and metaverse firms have created strong incentives for fintech companies to invest and grow in the country

Qatar

Qatar Airways Cargo resumes passenger freighter service to Penang

The service will recommence from February 2, 2023

Obvious

Women in tech: Méliné Eolmezian-Soulie, VP – Marketing and Development at Obvious Technologies

I believe it is easy for a woman to build her way through the industry, considering that there aren’t many women in the tech space

Aster pharmacy Talabat

Aster Pharmacy, talabat UAE announce partnership to deliver prescription medicines

Customers can now upload their prescriptions on talabat and have them delivered to their doorsteps in 90 minutes

Dubai Financial Market Company posts 41.7% rise in net profit in 2022

Dubai Financial Market Company posts 41.7% rise in net profit in 2022

DFM welcomed 167,332 new investors, bringing its investor base to over one million

Saudi Arabia

Saudi Arabia’s economy grows by 8.7% in 2022

The kingdom’s real GDP grew by 5.4 per cent during the fourth quarter of 2022

Smartphone shipments

Smartphone shipments drop for fourth consecutive quarter, down 12% in 2022

Samsung defended its first-place position, claiming a 22 per cent market share with 257.9 million shipments

UAE's Pure Harvest enters strategic partnership with Saudi's NADEC

Pure Harvest enters strategic partnership with Saudi’s Nadec

The two entities aim to assist in the transition towards greater food security and water conservation in the kingdom and GCC

Healthcare platforms Malaffi, Riyati, Nabidh integrate successfully

Healthcare platforms Riayati, NUMR, Malaffi, Nabidh successfully integrate

The platform integration will facilitate access to patient health information by doctors and healthcare providers throughout the UAE, improving patient care

Agthia Group

Agthia Group reports 14% rise in net profit for 2022

Agthia Group’s total assets stood at Dhs6.8bn as at December 31, 2022

Data centres and sustainability Kevin Hagen is the VP - Environmental Social & Governance Strategy, Iron Mountain

Clean Energy: The key to economic and environmental resilience

As businesses face both mounting energy costs and pressure to conduct more sustainable operations, renewable energy should take centre stage as we fight to conserve our resources and economies

UAE's digital economy

UAE’s digital economy to reach $140bn in 2031: Dubai Chamber of Digital Economy

The chamber’s plans include attracting 300 digital startups and 100 tech experts to Dubai by 2024

The UAE and France to jointly focus on decarbonisation of hta industries

UAE, France to jointly focus on decarbonisation of hard-to-abate industries

The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains