Saudi Arabia’s FDI hit decade-high last year on Aramco deal

Foreign direct investment in 2021 totalled $19.3bn, the most since 2010

Dubai attracts 57% of scaleup funding in MENA region – report

Scaleups in the UAE raised $5.4bn as of December 2021

ADX, FTSE Russell benchmark blue chip index to launch on March 30

The FTSE ADX 15 Index will include 15 of the largest and most liquid companies listed on the Abu Dhabi Securities Exchange

Abu Dhabi Global Market

World’s first regulated carbon credit trading exchange to launch in UAE

Corporates will be able to trade and finance carbon credits like conventional financial assets

Oman

Oman to allow full foreign ownership in listed companies

Muscat Clearing and Depository finalised measures to open up the market

UAE’s VPS Healthcare eyes expansion in Saudi Arabia, Africa and India

VPS Healthcare is expanding into medical education, partnering with the Cumming School of Medicine UC to offer a medical degree programme in the UAE

Dubai: World Government Summit 2022 begins today, aims to shape next global agenda

The summit, being held at Expo 2020 Dubai, will host more than 4,000 individuals from 190 countries

OPEC+ still sees no need to change plan despite Ukraine crisis

Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month

Getty Images

UAE-based travel tech provider migrates to Oracle Cloud

Information Systems Associates gains access to OCI’s elasticity and scalability to manage a seasonal travel reservation workload

Saudi’s Alpha Pharma and SAP sign deal for digital transformation partnership

SAP’s suite of solutions to deliver initial steps into wider digitalisation strategy

UAE reports 287 Covid-19 cases, 815 recoveries

The nationwide case count has risen to 890,398

parking-2

Dubai: No more paid parking exemption on Fridays

The latest directive means that the parking fee exemptions previously available on Fridays will now be available on Sundays

Emirates_Airline

Dubai’s Emirates announces revised schedule for flights to India from April 1

The airline will revert to its pre-pandemic frequency, operating 170 weekly flights to nine cities in the country

UAE flag

UAE President pardons 540 prisoners ahead of Ramadan

The prisoners were serving various sentences in the UAE

Saudi wealth fund may make major investment in building firms

Talks between Public Investment Fund and the four contractors are at an early stage

Expo 2020

Expo 2020 Dubai: Closing ceremony to feature Christina Aguilera and Norah Jones

There will be over 20 giant screens set up across the Expo 2020 Dubai site, and the ceremony will also be streamed live on Virtual Expo and Expo TV

E-commerce

Saudi grocer BinDawood buys majority stake in online developer

The deal is expected to close in the second half of the year

bikes abu dhabi

Abu Dhabi issues new rules for use of bicycles, micro-mobility devices in the emirate

The new rules govern the use of as well as the supply or rental of these devices to individuals and companies

Sheikh Abdullah bin Zayed meets Israeli foreign minister on first official visit

The two ministers exchanged views on latest regional and global developments

German auto giant Volkswagen inaugurates regional HQ in Doha

The newly-established Volkswagen Group Middle-East Group will lead and support the company’s activities in all markets in the region

Abu Dhabi: Bloom Holding’s Cordoba sells out in four hours

Cordoba, which is part of the first phase of Bloom Living in Abu Dhabi, is scheduled for completion by the fourth quarter of 2024

Dubai saves 329MW of electricity during Earth Hour 2022

This year’s Earth Hour was held under the theme ‘Shape Our Future’

DMCC to install solar panel parking shades across Dubai’s JLT district

Once DMCC’s 6.3MW project is complete, JLT will be home to one of the UAE’s largest district solar car shade installations

Dubai real estate

How Dubai’s secondary residential market has gained momentum

Early indicators show positive trends for the secondary residential market

UAE corporate tax: Key elements to consider

The UAE will likely continue to attract highly qualified individuals into the country

How 2021 was a record year for M&A

Regional and global M&A activity witnessed strong growth last year

Covid-19 cases July 27

UAE reports 347 Covid-19 cases, 882 recoveries

The nationwide case count has risen to 889,452

Saudi developer Dar Al Arkan enters Oman with SAR6bn project

Located 20 minutes from Downtown Muscat, the project is spread over a total area of 11 million sq m, and will comprise of 3,500 residential units and two hotels

Abu Dhabi’s Multiply Group to invest Dhs367m in DEWA IPO

In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola

Dubai

Dubai to get new entity to protect consumer rights, ensure fair trade

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has directed the establishment of the entity