COP27: “We meet at a critical time for our planet and our future generations,” says UAE President

Sheikh Mohamed bin Zayed Al Nahyan emphasised the importance of international cooperation to tackle climate change for the sake of future generations

flydubai

Flydubai to add six destinations to network

The new routes will see the airline’s network expand to 113 destinations in 53 countries

Air Arabia Egypt launches service to Marseille

Air Arabia Egypt to launch new service between Cairo and Marseille

The service will commence from December 16

Direct device to satellite Ali Al Hashemi is the CEO of UAE’s satellite solutions provider, Yahsat Group

How direct satellite-to-device connectivity can transform the satcom sector

Direct satellite-to-device technology opens the door for satellite services to go mainstream and leverage mass-market equipment production

UAE President to attend COP27 in Egypt

The conference will welcome world leaders, heads of government, and representatives of international bodies and civil societies

Kuwait starts commercial operations at new Al-Zour mega-refinery

Kuwait starts commercial operations at new Al-Zour mega-refinery

Comprising three mini refineries, Al-Zour is the biggest of several oil-processing facilities being added across the Middle East

Covid-19

UAE lifts almost all Covid-19 restrictions

The changes will come into effect at 6am on Monday, November 7

Dubai’s Emirates resumes flights to Rio de Janeiro, Buenos Aires

The four-times weekly flights from Dubai to Rio de Janeiro with onward service to Buenos Aires will operate as EK247/EK248

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Abu Dhabi’s Fertiglobe reports 84% rise in adjusted net profit for Q3 2022

The company’s Q3 2022 revenues increased 52 per cent year-on-year to total $1.32bn

Abu Dhabi’s Adnoc acquires 24.9% stake in OMV

ADQ, Veolia, Vision Invest acquire ADNOC Refining’s waste management operations

ADQ, Veolia, and Vision Invest will own and operate two waste management plants, which sustainably treat and dispose of industrial waste generated from across ADNOC’s operations

Saudi Crown Prince launches kingdom’s first electric vehicle brand

The EV brand, Ceer, will attract over $150m of foreign direct investment, and create up to 30,000 direct and indirect jobs

Qatar

Qatar to welcome non-ticketed FIFA World Cup fans from December 2

Fans are no longer required to provide evidence of a negative Covid-19 test on arrival in Qatar

uae traffic fine

In pics: UAE leaders, residents, citizens, offices celebrate Flag Day

The nation marked the 10th UAE Flag Day with flag-hoisting ceremonies held at government buildings, private offices and schools

Riyadh to host global fintech experts, aims to become truly digital

Riyadh to host World Fintech Show, aims to spur financial innovation

The event aims to connect global fintech innovators with enterprises, investors, policymakers, government authorities and collaborators

Careem introduces inter-city rides from Saudi to Qatar

Careem introduces inter-city rides from Saudi to Qatar for FIFA World Cup

City-to-city rides are available to those attending multiple matches

ADIPEC 2022 concludes, event attended by 15,000 industry professionals

Held under the theme of ‘The future of energy: secure, affordable and sustainable’, ADIPEC brought together global leaders to discuss critical issues around energy security and sustainability

Investcorp, Fung Capital to start $500m Greater Bay fund

The fund will mainly focus on buyouts of firms in or close to the region that spans the Chinese cities of Hong Kong and Macau

CBUAE launches new website

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

ADNOC awards $4bn agreements for integrated drilling fluids services

ADNOC awards $4bn agreements for integrated drilling fluids services

The agreements were awarded to ADNOC Drilling Company, Schlumberger Middle East and Halliburton Worldwide Limited Abu Dhabi

Empower

Dubai’s Empower increases IPO stake size from 10% to 15%

The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn

AMAZON LAUNCHES INTELLECTUAL PROPERTY ACCELERATOR IN THE UAE

Amazon.ae reveals dates for ‘11.11’ sale

Amazon Prime members in the UAE can avail exclusive deals from November 1-8

Dubai telecom operator Du posts $87m net profit

UAE’s du reports 12.7% rise in net profit for Q3 2022

The increase in service revenues lifted the gross margin to 65.2 per cent compared to 62.2 per cent in Q3 2021

LuLu opens new Hypermarket in Saudi Arabia's Saihat

Lulu opens new hypermarket in Saudi Arabia’s Saihat

Between 2020 and 2023, Lulu Group is planning to open 91 hypermarkets as part of its $2.9bn investment in its retail network

New UAE visa laws

Five things you should know about the new UAE visa laws

Earlier this year, the UAE cabinet announced major changes to the UAE visa system, which will result in simplified requirements and more benefits for visitors and residents

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco makes second highest profit on surging oil prices

Aramco’s net income was $41.6bn in the third quarter, slightly above analysts’ expectations

Bahrain

Bahrain attracts $72.7m worth of investment in financial services

The financial services investments are expected to generate over 840 jobs over the next three years

ADNOC's offshore operations

ADNOC, India’s Gail sign MoU to explore LNG supply opportunities

Both companies will examine short and longer term LNG supply and trading optimisation opportunities

Middle East KFC operator set for Abu Dhabi, Riyadh dual listing

Americana Restaurants International received approval to sell a 30 per cent stake, or 2.53 billion shares

AirArabia-Abu-Dhabi

Air Arabia Abu Dhabi marks first flight to Kuwait

Air Arabia Abu Dhabi now operates 28 direct routes from the capital

fuel-petrol-diesel-prices

UAE raises fuel prices for November 2022

The price of Super 98 has been increased to Dhs3.32 per litre