UAE unveils AML, CFT national strategy 2024-27 Image courtesy WAM

UAE approves new AML, CFT national strategy for 2024-27

The strategy, formulated around 11 strategic goals, introduces legislative and regulatory reforms to combat money laundering and terrorism financing

Emirates debuts service to Madagascar

Emirates debuts service to Madagascar via Seychelles

The maiden flight, EK707, touched down at Ivato International Airport on September 3 and was celebrated with a traditional water cannon salute

Inaugural 24 Fintech - mozn

Mozn: Pioneering AI solutions in fintech, fraud prevention, and compliance

Mozn is making waves in the global fintech landscape with its cutting-edge platform, FOCAL as the company showcases its latest innovations at the 24 Fintech event in Riyadh

ADNOC to buy 35% stake in Exxon’s Texas hydrogen plant

ADNOC to acquire 35% stake in Exxon’s Texas hydrogen plant

The production facility aims to produce up to 1 billion cubic feet per day of low-carbon hydrogen, with around 98 per cent of carbon dioxide removed

Aldar launches new luxe villa community on Yas island

Aldar unveils new luxe villa community on Yas island

According to the developer, 151 four-, five-, and six-bedroom canal-front and canal-accessible villas will be available to buyers from September 13 

Anghami reports 18.3% rise in video streaming subscribers post merger

Anghami reports 18.3% rise in video streaming subscribers post merger

Factors driving growth include Anghami securing an exclusive multi-year deal with Warner Bros. Discovery, bringing Max Originals and Warner Bros. films to OSN+

UAE President pardons Bangladeshis jailed for protesting

UAE President pardons Bangladeshis jailed for protesting

The decision includes cancelling the sentences of those convicted, and those pardoned will be deported from the UAE

AD Ports Group’s Noatum unveils new rail logistics solution

AD Ports Group’s Noatum unveils new rail logistics solution

The logistics firm plans to expand the service by increasing the number of weekly departures between Khalifa Port and Fujairah Terminals, depending on demand

ACWA Power and SEWA to build IWP Image supplied

ACWA Power, SEWA ink deal for Sharjah’s first independent water project

ACWA Power, a leader in energy transition and a pioneer in green hydrogen, will design, build, own, operate, and maintain the Hamriyah IWP

Aramco maintains 10% stake in Renault-Geely JV, eyes more partnerships

Aramco plans to maintain 10% stake in Renault-Geely JV, eyes more partnerships

The state-owned energy firm is expected to finalise the stake purchase later this year

IIT Delhi - Abu Dhabi campus inauguration Image Abu Dhabi Media Office

IIT Delhi’s first international campus opens in Abu Dhabi

The launch event was marked by the establishment of strategic partnerships with several prestigious institutions in Abu Dhabi

flynas launches flights to abu Dhabi and Sharjah Image flynas

Saudi’s flynas launches flights to Abu Dhabi, Sharjah

The airline recently announced its expansion plan to add eight new destinations and routes to its UAE network

Go with the Flow: Saudi's SEVEN to bring new attraction to 3 cities

Go with the flow: Saudi’s SEVEN to bring new attraction to 3 cities

Flow House, known for its flowboarding, food and beverage offerings, and live events, will soon make its debut in Riyadh, Jeddah and Al Khobar

Tabby's Hosam Arab on payment trends, IPO plans and 24 Fintech

Tabby’s Hosam Arab on payment trends, IPO plans and 24 Fintech

The co-founder and CEO of the MENA region’s leading shopping and financial services app, talks about the company’s presence at the debut edition of 24 Fintech in Riyadh, fintech trends and IPO plans

Abu Dhabi, Dubai launch unified parking permit system

Abu Dhabi, Dubai launch unified parking permit system

The electronic platform establishes a centralised database for parking permits issued to people of determination in Abu Dhabi and Dubai

Bahrain to impose 15% minimum tax on large multinationals

Bahrain to impose 15% minimum tax on large multinationals

The government urged eligible businesses to register with the National Bureau for Revenue before the deadline

GE Vernova acquires GESAT

GE Vernova acquires Saudi’s GESAT after Dussur share sale

GESAT has produced over 200 gas turbine modules, supporting power generation in up to 10 countries, including Saudi Arabia

Global Village announces dates for Season 29

Global Village announces dates for Season 29

In its 28th season, Global Village welcomed 10 million visitors during – its longest season to date

Dubai Fitness Challenge image courtesy WAM

Dubai Fitness Challenge returns in October; details here

The 2023 edition of DFC saw participation from over 2.4 million people, making it one of the largest community fitness events globally

ADX image-courtesy-ADX

ADX sees ETF trading net Dhs1.86bn from Jan to Aug

The exchange reported a trading volume of approximately 450.7 million ETF units across 19,853 transactions during this period

ADQ’s Silal buys majority stake in Al Bakrawe

ADQ-backed Silal to acquire majority stake in Al Bakrawe Holding

The company’s global sourcing network complements Silal’s extensive network of local farms

TAEF's (The Arab Energy Fund) H1 net income surges 37 per cent, reaches $121m

The Arab Energy Fund’s H1 net income rises 37% to $121m

Environmentally and socially linked projects now represent 20 per cent of TAEF’s $5.3bn loan portfolio, up from 18 per cent last year

Oman sovereign fund merges Nitaj, FDO to boost food security

Oman sovereign fund merges Nitaj, FDO to boost food security

The wealth fund said the merger is part of its mandate to establish, merge, liquidate, and sell assets

Insights: How Omics can revolutionise GCC healthcare

Insights: How ‘omics’ can revolutionise GCC healthcare

Through strategic actions, Saudi Arabia and UAE could capture over 60 per cent of MENA’s $1.2bn genomics market by 2027

QatarEnergy plans to double annual urea production

QatarEnergy plans to double annual urea production

The construction of four new production lines for urea, a key ingredient in fertilisers, would boost output by 106 per cent

Emirates connects travellers to 1,700 cities via partner deals

Emirates connects travellers to 1,700 cities via partner deals

The airline offers a vast network of 31 codeshare, 118 interline, and 13 rail and helicopter services across the transport ecosystem

India’s SpiceJet faces fresh regulatory challenges

India’s aviation watchdog puts SpiceJet under enhanced surveillance

The current disruption is the latest in a long list of troubles for SpiceJet, which has struggled to restore operations

Qatar in talks on possible purchase of Rosneft stake in German refinery

Qatar in talks on possible purchase of Rosneft stake in German refinery, report says

Rosneft has a 54.17 per cent stake in PCK Schwedt, which has traditionally supplied 90 per cent of the fuel used in Berlin

UAE to announce petrol, diesel prices for September; will rates drop?

UAE: Petrol, diesel prices for September 2024 announced

The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by as much as 0.15 fils per litre in September

Beyond oil: The GCC’s M&A-driven transformation

GCC M&A surge: A blueprint for sustainable growth

While the timing of a full-throttle M&A market recovery is not entirely clear, dealmaking activity in the GCC gathered steam in H1 2024