E-commerce

UAE e-commerce market valued at over $5bn in 2021

Total e-commerce in the UAE is projected to cross $8bn by 2025

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approves Services 360

Sheikh Hamdan approves Services 360 policy to improve Dubai Government services

The initiative is expected to achieve annual financial savings exceeding Dhs1bn over the next five years and the elimination of nine million physical customer visits to service centers annually

Saudi pharma retail chain Al-Dawaa surges in trading debut

The shares surged as much as 18 per cent to SAR86.1

Dubai Electricity and Water Authority

Dubai Electricity & Water Authority to sell 6.5% stake in IPO

The offer price range will be announced on March 24 with an expected trading debut on April 13

UAE announces guidelines for Ramadan Iftar tents

Iftar tents should open two hours before Iftar time to avoid congestion

UAE’s Cartlow and Eros partner to support digital decarbonisation

The partnership aims to increase the life cycle of products and reduce e-waste from entering landfills

Ain Dubai closes temporarily with immediate effect

The attraction will reopen on the Eid Al Fitr holiday weekend

Private schools in Sharjah to resume 100% in-person education next month

Physical attendance for private school students will be mandatory from the new term

UAE reports 296 Covid-19 cases, 980 recoveries

The nationwide case count has risen to 885,703

Abu Dhabi’s Sanad and Thales to collaborate on aviation services

The partnership will help Mubadala-owned Sanad diversify its portfolio and focus on industrial services in air traffic, airport security and avionics

Strong growth within Dubai’s luxury property segment

Despite the impact of the pandemic, luxury homes in Dubai remain in high demand

Baskin Robbins celebrated the opening of its 1000th store at the Dubai Hills Mall on Thursday March 10, 2022 (Photo by Neeraj Murali)

Baskin-Robbins opens region’s 1,000th store in Dubai

Located in Dubai Hills Mall, the store was opened on March 10, by the American multinational chain and master licensee Galadari Ice Cream Company

Charting the growth of the regional fintech ecosystem

Saxo Bank MENA’s CEO Damian Hitchen talks about the region’s fintech space and the challenges faced by the financial sector

Sheikh Mohamed bin Zayed Al Nahyan

Sheikh Mohamed bin Zayed meets King of Bahrain in Abu Dhabi

The two leaders reportedly discussed ways to expand cooperation across all fronts

Dubai’s DEWA completes construction of first stage of world’s largest aquifer storage and recovery project

The project will be capable of storing up to 6,000 million imperial gallons of water once completed by 2025

Innovative products and trends governed Gulfood 2022

Zero waste, food security, homegrown brands, organic and plant-based food products and innovation in agriculture were key highlights of this year’s F&B event

Alan’s corner: Steps to infuse true grit into your team

Grit sets winners apart, giving you the courage to go over, around or right through challenges

Al Fardan and Thunes partner to enable seamless cross-border payments

Al Fardan’s customers can now send money not just to bank accounts, but also to mobile wallets and cash pickup points in 87 countries

Dubai’s Tecom courts investors after lining up banks for IPO

A listing could come as soon as the middle of this year

UAE brand The Giving Movement raises $15m in Series A round

The sustainable fashion brand aims to further growth in children’s wear, including its recently-announced baby wear line, and expand into new markets

UAE reports 382 Covid-19 cases, 1,093 recoveries

The nationwide case count has risen to 884,736

UAE hospitality brand Stella Stays to accept cryptocurrencies

Customers will be able to complete online transactions by paying in Bitcoin, Ethereum and over 35 altcoins directly through Stella Stays’ website

Year in review – 2021: Dubai’s real estate on the crest of a wave

Dubai’s real estate market emerged as one of the top-performing sectors in 2021. This year also started off on a great note, but will the upward trend persist? Lynnette Sacchetto, director of Research and Data at Property Finder, shares the market outlook

Getty Images

How technology will inevitably play an important role in Saudi Arabia

The kingdom recently announced over $6.4bn of investments in future technologies and entrepreneurship at LEAP, the largest tech event in Saudi Arabia

First Abu Dhabi Bank to open representative office in Iraq

The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020

Riyadh

Saudi oil refinery targeted in drone attack

The strike on the facility in Riyadh on Thursday morning did not result in any injuries, while the supply of oil from it remained unaffected too

World’s oldest sovereign wealth fund makes London hiring push

The Kuwait Investment Office recruited Arne Hassel as chief investment officer in November

Saudi Aramco JV to develop refinery and petrochemical complex in China

The facility will be built in the city of Panjin, in China’s Liaoning Province

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai

UAE’s Sheikh Mohammed announces one billion meals campaign

The campaign aims to secure food aid for vulnerable communities in 50 countries

Winners of Property Finder Awards on why Dubai’s real estate sector is on solid ground

The eighth edition of the Property Finder Real Estate Awards celebrated the UAE’s leading brokerages and agents, acknowledging their tenacity and innovative solutions