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China Eastern

Boeing 737 crashes with 133 on board in China, state media reports

China Eastern flight MU5735 was traveling from Kunming to Guangzhou

Saudi Aramco reports $110bn in net income for 2021, up 124% year-on-year

Aramco declared a dividend of $18.8bn for the fourth quarter, to be paid in Q1 2022

UAE’s Julphar reports net profit of Dhs63.9m in 2021

The pharma company announced it had seen top line growth and a return to a profitable bottom line compared to the previous year

UAE vessel sinks off Iran coast, all crew rescued – reports

The ship sank near the port city of Assalouyeh

UAE’s Emirates Steel’s exports reach 56 markets in 2020-21

Emirates Steel’s exports represented 45 per cent of its total sales volumes last year, with the balance sold within the UAE

UAE’s ADNOC Distribution launches range of 100% plant-based engine oils

The new lubricants will be available from March 2022

UAE’s First Abu Dhabi Bank and ADCB deny report of potential merger

The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report

Dubai Municipality awards major service contract to Imdaad

Imdaad will provide waste management, recycling and infrastructure cleaning services across Dubai, as part of the three-year contract

Emirates Global Aluminium reports $1.5bn in net profit for 2021

Revenue totalled $6.9bn in 2021, compared to $5.1bn in 2020

UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

Emirates

Emirates to operate five additional flights between Dubai and Kuwait

The airline will operate the extra flights ahead of Kuwait National Day holidays

UAE’s e& reports 3.2% rise in consolidated net profit for 2021

During 2021, its aggregate subscriber base reached 159 million

Dubai Airport

Dubai Airports sees travel surge this year, full rebound by 2024

Dubai Airports CEO said demand this year could surprise on the upside

Abu Dhabi’s Mubadala and Apollo expand partnership

The expanded partnership will help Apollo originate transactions across various asset classes and grow product capabilities

Bahrain

Bahrain begins construction on United States Trade Zone

The USTZ will be initially spread across approximately 1.11 million sq m and built at a cost of around BHD75m

UAE F&B

UAE’s F&B imports from Latin America reached $1.9bn in 2020

F&B exports from Latin American markets accounted for 12 per cent of the UAE’s total F&B imports in 2020

India and UAE complete talks on bilateral pact to boost trade

Total trade between India and the UAE stood at $53bn during April-December 2021-22

Covid-19: UAE reports 930 cases, lowest in almost 8 weeks

The nationwide case count has risen to 870,358

Food

Gulfood 2022: UAE’s F&B trade crosses $20bn from January-September 2021

Ten markets accounted for about 66 per cent of the UAE’s total F&B exports, with Saudi Arabia ranking first with a share of 17 per cent

Lenovo

Dubai: Gems Education, Lenovo launch region’s first esports zone in a school

The Legion Gaming Zone at Gems Modern Academy in Dubai will accelerate opportunities for students in gaming

Abu Dhabi’s Taqa Group reports net income of Dhs6bn for 2021

The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year

Abu Dhabi to house zero-waste wholesale food trading hub

The food hub will assemble wholesale buyers, sellers, logistics players and distributors from across the world

Majed Al Joker

Majed Al Joker appointed as chief operating officer at Dubai Airports

Prior to his promotion, Al Joker was executive vice president of corporate affairs for Dubai Airports

Bahrain’s GFH Financial Group reports net profit of $84.22m in 2021

The group’s net profit increased by 86.77 per cent over 2020, supported by diversification and an international investment portfolio

DP World’s Imperial acquires a controlling stake in Africa FMCG Distribution Ltd in Nigeria

DP World reports volume growth of 9.4 per cent in 2021

Spurred by the volume performance, DP World remains focused on increasing profitability while managing growth capex

Abu Dhabi Ports surges on debut after $1.1bn share sale

In 2021, Abu Dhabi Ports handled 45 million tons of general cargo volumes

AD Gaming partners with Attarius Network to underpin Abu Dhabi’s gaming sector

Via the agreement, Attarius will help developers in Abu Dhabi build blockchain-based games

Dubai adds 1,343 new food outlets in 2021

A total of 76,195 inspections of food establishments were carried out in the emirate last year

G42 Cloud and Kyndryl collaborate to accelerate cloud adoption

Both companies will ensure alignment of their respective capabilities, expertise and resources that will facilitate solution planning and execution

Abu Dhabi’s EDGE Group appoints ADQ’s group CIO as new CEO

Mansour Mohamed AlMulla is also a board member of the Abu Dhabi National Energy Company, Abu Dhabi Ports Company, Abu Dhabi Global Market, and Etihad Aviation Group