Emirates NBD launches zero-fee UAE equity trading

Emirates NBD launches zero-fee UAE equity trading

The move is part of the bank’s broader strategy to support the growth of domestic stocks and drive economic expansion in the UAE

Hotel Indigo Jabal Akhdar Resort opens in Oman; the brand's first in the region

Hotel Indigo Jabal Akhdar Resort opens in Oman

Part of the IHG Hotels & Resorts family, the hotel features 173 rooms, suites, and chalets, each designed to reflect local themes such as damask roses, pomegranates and the region’s famous indigo plants

Saudi Aramco boosts stake in MidOcean, fund new stake in Peru LNG

Saudi Aramco boosts stake in MidOcean, fund new stake in Peru LNG

Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade

Image credit: GITEX GLOBAL

GITEX GLOBAL 2024: Two mega venues, one massive tech event

The world’s largest technology exhibition, GITEX GLOBAL, returns for its 44th edition, bringing together tech innovators, start-ups, and investors from across the globe

Switch Foods

How Switch Foods is redefining plant-based eating in the UAE

Switch Foods is transforming the plant-based industry with innovative products, local production, and a commitment to healthier, more sustainable food choices

UAE central bank fines local bank with Dhs5m

UAE fines foreign bank Dhs5m for money laundering breaches

The central bank directed the foreign bank to present the regulator’s action to its board of directors

British ministers head to the GCC for talks on new trade deal

British ministers head to the GCC for talks on new trade deal

A free trade deal with the GCC region is expected to boost the UK economy by $2.10bn (GBP1.6bn) over the long run

AI

AI spending spree: Big tech’s quarterly results draws scrutiny

The heightened scrutiny surrounding Big Tech’s AI investments highlights the need for transparency and ethical considerations in AI development

Italy’s Saipem secures $4bn contract from QatarEnergy

Italy’s Saipem secures $4bn contract from QatarEnergy

The offshore EPC contract will help boost production at the North Field offshore natural gas field, which lies off the northeastern coast of Qatar

ADX implements insiders' trading ban ahead of Q3 financial disclosures

ADX implements insider trading ban ahead of Q3 financial disclosures

ADX stated that the decision has been taken in accordance with Article No (14) of the Securities and Commodities Authority (SCA) Board of Directors’ Decision No (2/R) of 2001

Saudi Ma’aden acquires 25.1% stake in Ma’aden JV for $1.1bn

Saudi Ma’aden acquires 25.1% stake in Ma’aden JV for $1.1bn

The deal, which is expected to be completed in Q1 2025, is subject to regulatory and corporate approvals

Abu Dhabi's TAQA Group unveils new brand identity

TAQA Group unveils new brand identity, consolidates operations

The integration aims to scale TAQA’s customer-facing business, enabling the company to expand its services, introduce new products, and explore growth opportunities both locally and abroad

Saudi Arabian milling firm MC4 seeks to raise $228.9m from IPO

Saudi Arabian milling firm MC4 seeks to raise $228.9m from IPO

The indicative share price of SAR5 and SAR5.30 per share implies a market valuation of around SAR 2.8bn ($763.2m)

SFD signs loan agreement with dominica

Saudi Fund for Development signs first loan agreement with Dominica

Since its inception, the SFD has supported over 800 projects across 100 countries, with a total funding of $20bn

Omniyat unveils Beyond, new waterfront project

Omniyat Group unveils Beyond, a new development company

The group unveiled an 11 million square feet project along Jumeirah’s coastline in collaboration with Dubai Maritime City, featuring Beyond’s upcoming developments

Dubai opens 2 major bridges to ease traffic flow

Dubai just opened two huge bridges — here’s how they’ll change your commute

The Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project is part of RTA’s broader master plan to develop key east-west traffic corridors and arterial roads

Danish Ahmed CEO Founder Healthtrip

UK-based wellness platform Healthtrip expands to Middle East

The platform has collaborations with over 1,500 hospitals and wellness centres across the US, UK, Germany, UAE, Saudi Arabia, Thailand, India, Singapore and Egypt

Saudi Arabia’s PIF swings to $36.8bn profit in 2023

S&P revises Saudi Arabia’s outlook to positive on strong non-oil economy

The ratings agency said the positive outlook reflects Saudi Arabia’s potential to bring in more reforms and investments

qualcomm, aramco, rdia partner to launch DISA to support saudi hi-tech startups GettyImages-1241753513

Qualcomm, Aramco, RDIA launch incubator for high-tech startups

The DISA programme will build upon Qualcomm’s successful track record of similar initiatives in regions such as Taiwan, India, Vietnam and Africa

Acwa power solar panels

AMEA Power to develop Africa’s largest solar PV project

The projects will bring AMEA Power’s total capacity in Egypt to 2,000MW of solar and wind power, accompanied by 900MWh of battery energy storage systems

Yas Island Airport Lounge unveiled at Zayed International Airport

Yas Island debuts arrival lounge at Zayed International Airport; details here

Yas Island Lounge will welcome visitors headed to the destination with all the information they need to start planning their adventure

Big- data - Cloudera

Why data must be refined like oil to drive business value: Cloudera CEO

Charles Sansbury tells Gulf Business that data like oil requires substantial effort and infrastructure to unlock its full potential

Farmer and tablet working at sweet corn smart farm - AI

Farm to table reinvented: How AI is driving agricultural value chain transformation

AI’s predictive ability empowers agribusinesses to adjust planting schedules, optimise harvest times, and make well-informed decisions regarding crop selection

UAE, China look to strengthen comprehensive strategic partnership

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Chinese Premier Li Qiang met this week to discuss economic, political, and cultural cooperation between the nations

IHG, Sankari to debut standalone Regent Residences in Dubai

IHG, Sankari to debut standalone Regent Residences in Dubai

The project, slated for completion by the end of 2027, features a twin-tower development designed by Foster + Partners and is located in Marasi Marina

Abu Dhabi’s MGX in talks to invest in OpenAI: WSJ reports

Abu Dhabi tech investment firm MGX in talks to invest in OpenAI: WSJ reports

The creator of ChatGPT is in talks to raise $6.5bn from investors at a valuation of $150bn

Emirates Development Bank (EDB) launches AGRIX accelerator programme

Emirates Development Bank launches AGRIX accelerator programme

The 20-week programme will provide farmers, agribusinesses, and technology providers with specialised financial solutions and advanced agri-tech tools

The Blackstone headquarters in in New York, US, on Wednesday, July 17, 2024. Blackstone Inc.'s real estate arm weighed on the investment giant’s second-quarter results, as high interest rates crimped property valuations and investors pumped less money into the business. Photographer: Michael Nagle/Bloomberg

Blackstone mulls selling stake in Dubai-based visa firm VFS Global

The asset management firm bought a majority stake in VFS Global from EQT in October 2021, with EQT retaining a minority position

Sheikh Mohammed Establishes New Media Firm ‘Mada’ in Dubai

Sheikh Mohammed establishes new Dubai media firm ‘Mada’

Mada Media Company, a private joint-stock company (PJSC), will be tasked with managing, developing, and operating advertising sites across Dubai

DMCC launches AI Centre to drive global AI solutions

Dubai: DMCC launches AI Centre to drive global AI solutions

The AI Centre will occupy two floors and integrate DMCC’s other tech-focused platforms, including the DMCC Crypto and Gaming Centres