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Oil jumps 1% after Houthis attack another fuel tanker in the Red Sea

Oil prices are rising after firefighters put out a blaze on a tanker attacked by Yemen’s Houthi group

DIEZ unveils Dhs500m venture fund to finance tech startups

Dubai unveils Dhs500m growth initiative to support SMEs

The initiative is open to all SMEs founded in Dubai and is designed to empower businesses to expand internationally

ABHI to relocate headquarters to Abu Dhabi

Pakistan’s ABHI moves to Abu Dhabi in bid to deepen tech ties

The fintech platform is currently in discussions with multiple UAE banks about rolling out its solutions

Emirates NBD posts Dhs21.5bn in full-year profit

Dubai’s Emirates NBD posts 65% rise in 2023 earnings

The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022

Boeing 737 max

What airlines, regulators are doing about Boeing 737 MAX 9 jets

The American planemaker is facing serious action from regulators after the Alaska Air incident

Mercedes Benz Places by Binghatti unveiled Image Supplied

Binghatti unveils first Mercedes-Benz branded residential tower, here are the details

The residences will showcase mixed-use facilities comprising restaurants, sports and wellness zones, lounges, non-automotive retail, exhibition spaces, and parking

PIF Launches Electric 360 Image PIF

PIF unveils ‘Electric 360’ partnership, announces new brand revamp

The partnership with Formula E, Extreme E and E1 will promote educational opportunities tied to electric motorsports, as well as community, social programmes and environmental stewardship

Oman

Oman sets up OMR2bn fund to oversee government investments

The fund offers funding and investment solutions to various investor categories including private sector organisations, SMEs, foreign investors, and startups

Samsung's S24 Series launches, AI tools on offer Image Supplied

Mobile AI is here: Galaxy S24 launches, features these amazing AI tools

The Galaxy S24 series enables two-way, real-time voice and text translations of phone calls within the native app through Live Translate

Mawani posts 12.07% surge in container handling

Saudi Arabia’s Mawani posts 12.07% surge in container handling

The authority achieved its highest-ever monthly container handling statistics in May 2023, with an 18.8 per cent increase in containers handled at its ports

UAE-PASSPORT-HENLEY 2024 UAE rnking revealed-INDEX-GettyImages-1240211476-1

UAE passport ranking rises to 11th place; these countries topped the 2024 list

The UAE remains the biggest climber on the Henley Passport Index over the past decade, adding an impressive 106 destinations to its visa-free score since 2014

Sheikh Hamdan launches ‘Dubai Integrated Housing Center’

Sheikh Hamdan launches ‘Dubai Integrated Housing Center’. Here’s why

The centre addresses the diverse needs of citizens, with a specific focus on housing, construction and land services

Saudi's Aramco allocates $4bn to expands global VC programme Image: Getty Images

Energy giant Aramco allocates $4bn to expand global VC programme

Aramco’s venture capital programme supports the development of disruptive new technologies and creates diversification opportunities for Aramco while paving the way for collaborations with innovative startups

UAE Kosovo sign visa exemption agreement in January 2024 Image Kosovo Embassy

UAE, Kosovo approve visa-free entry for citizens

UAE citizens holding valid passports for at least six months are exempt from the visa requirement for entry into Kosovo and can stay there for up to 90 days per visit

Saudia to offer air taxi service for Hajj and Umrah pilgrims. the airliene to source aircraft from Lilium Lilium jet Image courtesy Lilium

Saudia to offer air taxi service between Jeddah, Makkah for pilgrims

The group is looking to purchase 100 Lilium jets and German-made electric vertical take-off and landing aircraft to operate the service

Bid baggage hassles bye: Saudi Arabia's new luggage service, other services in UAE Image Getty mages

Saudi’s new ‘passengers with no bags’ service — what you need to know

The ‘Passengers with No Bags’ service has been launched across domestic and international Saudi airports, enabling travellers to ship their luggage ahead from home to any destination

luxury real estate in Dubai. Palm Jumeirah, Dubai, United Arab Emirates

Dhs10bn in 1 week: See Dubai’s latest real estate data

Dubai recorded a total of 2,910 real estate and properties transactions valued at Dhs10.1bn for the week ending 12th January

Porsche sales grew 11 per cent in MEA and India in 2023

Porsche sees sales rise 11% in Middle East, Africa, India in 2023

Porsche made delivered 9,135 new cars in conjunction with successful events such as Icons of Porsche in Dubai

Saudi Arabia’s Avalon Pharma sets IPO price range

Saudi Arabia’s Avalon Pharma sets IPO price range

The company will offer six million shares, or 30 per cent of its issued share capital, on the Saudi Exchange

Andy Thompson, SailGP Chief financial Officer, at the Range Rover France Sail Grand Prix in Saint Tropez, France. 11th September 2022. Photo: Adam Warner for SailGP. Handout image supplied by SailGP

‘UAE is a very important market for us’: SailGP MD Andrew Thompson

SailGP kicks off its first Abu Dhabi event on January 13-14 , with Mubadala increasing its commitment to the racing championship over the next three seasons

DP World signs 3bn MoUs with India’s Gujarat state government

This Indian state has signed MoUs worth $3bn with DP World

The MOUs cover the development of new ports, terminals, and economic zones in the Indian state

An armed, masked group has boarded a ship near Oman, says UKTMO.

UPDATE: Iran has seized St Nikolas ship near Oman

About 4 to 5 unauthorised individuals boarded a vessel near Oman on Thursday, a security group has reported

Red Sea and a map of Saudi Arabia. (Getty Images)

Largest Red Sea attack yet drives up global oil prices

Yemen-based Houthis mounted their largest attack yet on commercial shipping lanes in the Red Sea on Wednesday.

ROSHN group CEO David Grover

PIF-owned ROSHN Group’s David Grover shares the company’s ambitious plans

PIF-backed ROSHN’s group CEO tells us how the company is delivering on Saudi Vision 2030’s goals by building over 400,000 homes by 2030

Dubai’s own clocktower: First look at London Gate’s $545m Franck Muller Aeternitas

Standing tall at 106 floors, the residential clocktower will redefine the Dubai skyline and house an exclusive range of homes by London Gate

BUILT WIND POWER

The case for decarbonising the built sector

Circularity has the potential to create substantial economic advantages, with projected yield on annual net profit gain of up to $46bn by 2030

AIX INVESTMENT MOTORSPORT

AIX Investment powers corporate innovation and strength in the world of FIA motorsport

AIX Investment Group launches PHM AIX Racing to drive innovation and shared values in FIA Formula motorsport

UAE and India exchange MoUs image courtesy WAMUAE and India exchange MoUs image courtesy WAM

UAE, India exchange key MoUs during Sheikh Mohamed’s visit

The UAE President is attending the Vibrant Gujarat Global Summit, taking place in the city of Gandhinagar, from January 10 until January 12

Football fever: Qatar gears up for AFC Asian Cup, other key events in Q1 2024 image Getty Imges

Football fever: Qatar gears up for AFC Asian Cup, other key events in Q1 2024

Qatar will welcome football fans from around the region for the AFC Asian Cup being held from January 12 – February 10 this year

Sheikh Mohamed in Gujarat

UAE President Sheikh Mohamed lands in India for Vibrant Gujarat Global Summit

The Vibrant Gujarat Global Summit will see the participation of 34 countries and 16 international organisations in its 10th edition