#UAE

First Emirati mission to the Moon will now launch on November 30

The new launch date remains contingent on the weather status and other conditions

chess

The Arab Esports Federation moves into Web3 and launches online chess platform

The federation is headquartered in Riyadh and is led by Prince Faisal bin Bandar bin Sultan

Dubai South

UAE’s Azizi signs deal to purchase Dubai South plot

The newly acquired land is part of Dubai South’s Golf District

UAE’s GDP to grow more than 6% in 2022, says IMF

The fund expects the country’s non-hydrocarbon growth to be around 4 per cent in 2023

Qashio

UAE-based fintech Qashio raises $10m in a seed round

The company’s virtual and physical cards combined with its software allow businesses to manage their spending in a more automated and transparent way

Komainu

Komainu secures MVP licence from Dubai’s Virtual Assets Regulatory Authority

The company can now offer an approved range of virtual asset related services to institutional investors in Dubai

americana courtesy WAM

KFC operator Americana doubles UAE retail offer for IPO

The subscription periods remain unchanged and will continue until November 21, for individuals and other investors in the UAE and Saudi Arabia

UAE announces National Day holidays for private, public sectors

Employees will get a long weekend, starting Thursday, December 1

First Emirati mission to the Moon set to launch on November 28

Upon landing, the Rashid rover will explore the characteristics of the lunar soil, the petrography and geology of the Moon

Binance

Binance receives licence from Abu Dhabi regulator

The permission will enable Binance to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by FSRA

Blockchain

Web3 expert Kevin O’Leary to speak at the Middle East Blockchain Awards

The inaugural event will be held as part of Abu Dhabi Finance Week at W Abu Dhabi on Yas Island, on November 18, 2022

Baraka

UAE fintech baraka raises $20m Series A funding round

The company marks the first regional investment for Valar, a venture capital firm backed by entrepreneur Peter Thiel

UAE President meets Saudi Crown Prince on sidelines of G20 summit

The two leaders discussed relations between the UAE and Saudi Arabia

UAE’s Tabreed reports Dhs400m in nine-month net profit

The group revenue increased by 13 per cent to total Dhs1.66bn for the first nine months of the year

Silkhaus

UAE proptech startup Silkhaus raises $7.75m seed round

Silkhaus’ operating system for asset owners provides them with the tools needed to monetise and manage their properties for short-term rentals

UAE and Indonesia to partner on climate action, infrastructure development and AI

The agreements aim to strengthen the economic, environmental and technological cooperation between the two countries

G20 summit

UAE President arrives in Indonesia to attend G20 summit

The summit will take place in Bali, Indonesia, on November 15-16

Tourism strategy

Sheikh Mohammed launches national tourism strategy to boost competitiveness

The strategy aims to attract new investments worth Dhs100bn to the country’s tourism sector

Cop27

Will it be business as usual after COP27?

COP27 and COP28, being held in Egypt and the UAE respectively, place the Middle East at the centre in efforts against climate change. Here’s what the region can contribute towards building sustainable future

ADNOC Distribution

ADNOC Distribution reports 39% rise in nine-month net profit

The company’s non-fuel transactions increased by 18 per cent during the period

DP World partners with Emirates Development Bank to finance SME growth

DP World partners with Emirates Development Bank to finance SME growth

It includes a formal framework for both entities to provide SMEs with access to trade financing

Taaleem IPO

UAE’s Taaleem sets offer price range, looks to raise $204m from IPO

The subscription period starts today, with trading of shares expected to commence on November 29

Almosafer

Saudi’s Almosafer partners with Visit Oman to boost sultanate’s inbound tourism

Almosafer’s consumer business will run a 360 marketing campaign throughout 2023 to promote Oman to its customer base in Saudi Arabia, Kuwait and the UAE

UAE President to attend COP27 in Egypt

The conference will welcome world leaders, heads of government, and representatives of international bodies and civil societies

AMAZON LAUNCHES INTELLECTUAL PROPERTY ACCELERATOR IN THE UAE

Amazon.ae reveals dates for ‘11.11’ sale

Amazon Prime members in the UAE can avail exclusive deals from November 1-8

UAE raises fuel prices for November 2022

The price of Super 98 has been increased to Dhs3.32 per litre

Wizz air

Wizz Air Abu Dhabi commences first flight to Kuwait

The new route will strengthen connectivity within the GCC

Internet

Navigating the new, bold era of 3D Internet

As the technology matures, the metaverse will become a seamless extention of our physical world, giving us new methods to carry out all of our daily activities

UAE and Austria sign energy partnership

UAE and Austria sign energy partnership

The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen

Dubai

Dubai traces a digital path towards a smart future

The Digital Dubai initiative represents a vision to recreate the traditional top-bottom city management model into one that is representative and sustainable