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Islamic Digital Economy

Startups injecting fresh innovations to Malaysia’s Islamic Digital Economy

The ASEAN nation continues to be an excellent market for Islamic fintech players to make a mark in the region

Ground breaking Dubai Helipark Aerospace Hub in Dubai

Phase 2 of Dubai Helipark construction commences

The new phase will include a commercially owned and operated landside helicopter hangar

Al Masar Park in Abu Dhabi

Abu Dhabi unveils new park in Khalifa City

Al Masar Park has a 2.1-kilometre jogging track and features 2,841 trees, 58,000 shrubs, and ground-cover plants

SRC Alrajhi Bank Signing ceremony

Saudi’s SRC, Alrajhi Bank sign landmark refinancing deal

The deal is the largest of its kind signed in the Saudi banking industry

Middle East and tackling food prices

Here’s how the Middle East can feed the world sustainably

GCC countries could produce food cheaply from bioreactors because their renewable energy costs can be lower than the global average

dnata handles over 82million bag sat DXB in 2022

dnata handled 82 million bags at DXB in 2022, here’s how…

The company handles luggage for over 100 airlines and millions of passengers travelling to 253 destinations from Dubai International Airport

SME story: Interview with Jamil Zablah & Wassim Merheby, co-founders of Verofax

SME story: Interview with Verofax founders Jamil Zablah & Wassim Merheby

Verofax is currently at the scale-up stage, providing marketing core competency solutions to six of the world’s top 100 global brands

Who are OpenAI's strongest competitors?

Who are OpenAI’s strongest competitors?

We look at some of the most significant companies in the running to be the next big AI success story

Plant-based meat

Dubai opens 100% plant-based meat factory

Dubai Industrial City will be home to IFFCO’s Thryve factory, which is catalysing the move towards a healthier food supply chain

Presight AI IPO oversubcribed

Presight AI’s $496m IPO attracts $25.8bn in orders

The IPO is Abu Dhabi Securities Exchange’s second listing this year and it was oversubscribed by 136 times

Consumers spend more in Malls in 2022 167896190

Revealed: Here’s what consumers in the UAE spent their money on in 2022

Majid Al Futtaim’s latest ‘State of the UAE Retail Economy’ Q4 report, revealed that e-commerce sales continued their strong upward trajectory, more than doubling to $6bn in 2022 from $2.6bn in 2019

Hoko Agency

Hoko Agency, Alfa Romeo F1 Team Stake form new partnership

Hoko Agency announces plans to launch new Saudi Arabia office this year

UAE and South Korea trade

UAE to invest $30bn in South Korea over the next few years

The two countries agreed to enhance joint efforts to implement the MoU that was signed recently

Alfa Romeo F1 Team

Alfa Romeo F1 Team looks to expand presence in Everdome

The ongoing partnership will see the Everdome team creating multiple VR experience activations

PIF unveils 3 private sector initiatives. Image by PIF

Saudi Arabia’s PIF unveils three initiatives to boost private sector growth

The strategy aligns with the fund’s aim to support the private sector in increasing its contribution to GDP by up to 65 per cent by 2030

Air Arabia

UAE’s Air Arabia to distribute 15% dividend for 2022

The dividend is equivalent to 15 fils per share

Gisec

Gisec Global 2023 boosts cyber resilience of Middle East digital economy

The event, which will run until March 16, is hosting over 500 exhibitors from 53 countries

Tencent Cloud

Checkmate.live joins forces with Tencent Cloud

Tencent Cloud has expertise in cloud computing, artificial intelligence, anti-cheat protection, gaming and XR

retail summit

Global, regional retail giants converge on Dubai for The Retail Summit

The summit supports international brands looking to either establish an in-market presence or sell via cross-border ecommerce to the UAE

SCCI, EDB partnership

Sharjah Chamber, EDB review funding solutions for investors

The bank is a financial enabler of the UAE’s economic diversification and industrial transformation agenda

DUBai World Trade Centre DWTC photo courtesy Dubai Media Office twitter

Here’s how many visitors Dubai’s DWTC welcomed in 2022

Dubai World Trade Centre hosted 244 exhibitions and events in 2022, growing by 39 per cent over the previous year

Abu Dhabi foster innovation

Abu Dhabi expands patent service to foster innovation

Financial aid for all supported businesses will increase by up to 30 per cent to help inventors during the critical invention phase

Presight AI _Cover Image_IPO

Presight AI announces start of subscription for IPO

The listing is the latest in a series of IPOs in the Gulf region as governments seek to bring more international investors into their markets

Air Arabia Abu Dhabi launches flight to Amman

Air Arabia Abu Dhabi marks inaugural flight to Amman

The new direct flights will connect Abu Dhabi International Airport to Queen Alia International Airport in Amman with a frequency of three flights weekly

GMG's new Africa HQ in District 5, Cairo

UAE’s GMG opens new office in District 5, Cairo

By 2025, GMG aims to double its global workforce through acquisitions, developing fresh concepts and entering new geographies

Saudi Arabia

Saudi Arabia relaxes tourist visa rule for all GCC residents

The announcement is the latest in a series of initiatives that seek to attract visitors coming from GCC countries

Korea Eximbank and Saudi Aramco deal

Saudi Aramco signs $6bn deal with Korea Eximbank

The deal comes amid expectations of lucrative business opportunities in Saudi Arabia and the Middle East

Emirati Women's Day 2023

Women in Business: Female trailblazers paving the way for peers

We shine the spotlight on trailblazers who are forging ahead in their successful careers, a inspiring others with their professionalism, spirit and skills

Saudi Coffee Company Chairman Fahad Alnuhait photo supllied

From bean to brew: How Saudi Coffee Company is powering the kingdom’s coffee industry

Saudi Coffee Company‘s chairman Fahad Alnuhait tell us how the company is protecting the legacy of the kingdom’s coffee farmers

EGA full year net profit

UAE’s EGA posts $2bn in full-year net profit on higher prices

The company paid its shareholders a total of Dhs3.7bn consisting of an interim dividend of Dhs2.2bn in July and a further D1.5bn at the end of 2022