Saudi’s Trukker raises $96m in equity, debt funding

The deal follows a $23m equity raise in 2019

Dubai SME and Khalifa Fund announce collaboration to leverage Gulfood

The collaboration will enable UAE-based SMEs to gain easy access to new markets

Free door-to-door recycling service comes to Dubai

Since its launch in Abu Dhabi in November 2020, Recapp has built a community of 15,000 registered users and collected 150 tonnes of recyclables so far

Saudi pharma retail chain Al Dawaa seeks $500m from IPO

The initial public offering’s price range has been set at SAR65-SAR73

UAE’s Aldar to receive $1.4bn investment from Apollo Global Management

The deal will see Apollo take a direct minority stake in Aldar Investment Properties at its net asset value

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Saudi’s Prince Sultan University and VMware sign MoU to launch innovation centre

The innovation centre will enable students, and businesses to experience cloud, and security solutions, supporting the kingdom’s digitisation agenda

How 2021 was a promising year for global equities

Several trends emerged over last year

Abu Dhabi opens new urgent care centre for Covid-19 patients

The unit at Al Rahba Hospital is open daily from noon-10pm will provide cater to patients referred by Prime Assessment Centers in the emirate

UAE government awards Yahsat $247.5m for enhanced managed services

The five-year agreement builds on previous operations and maintenance services provided to the UAE government

UAE: Cinemas to operate at full capacity from February 15

Each emirate can modify its cinema capacity as it deems fit

Dubai

Dubai to begin trials of driverless taxis this year

The RTA plans to gradually increase the number of autonomous vehicles to 4,000 by 2030

Oil extends eight-week rally on intensifying Ukraine tensions

Crude surged to the highest since 2014 last week

Riyadh

Saudi Arabia convicts 11 people for laundering SAR10bn

An initial verdict has led to the conviction of two Saudi nationals and nine expatriates

Saudi Aramco

Saudi Arabia transfers 4% of Aramco stake to state wealth fund

The government will still be the largest shareholder in Aramco

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Explainer: Is the UAE ready to mainstream nearly zero energy buildings?

Green building strategies can be used to design and build healthy, comfortable, cost efficient and environmentally friendly living and working environments

Air pollution costs wider Mideast $141bn, World Bank says

The findings will likely add to growing interest in green and sustainability-linked bonds and loans in the region

VisitBritain launches GBP10m global tourism campaign in Dubai

The campaign aims to drive inbound tourism, as Britain gears up for a year of landmark events

DP World to invest GBP1m in Prince William’s Earthshot Prize innovators

The announcement was made during Prince William’s first official visit to the UAE and Expo Dubai 2020

UAE reports 1,474 Covid-19 cases, 2,421 recoveries

The nationwide case count has risen to 865,576

Abu Dhabi’s Taqa Group reports net income of Dhs6bn for 2021

The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year

In pictures: Dubai’s Emirates unveils new lounge for young travellers

The carrier’s service for unaccompanied minors must be booked in advance of travel

UAE’s ADQ, Alpha Dhabi, Etisalat and FAB to launch next-gen banking platform

Wio will offer customers in the UAE a fully digital banking choice with tailored products and services to meet their lifestyles and needs

Abu Dhabi to house zero-waste wholesale food trading hub

The food hub will assemble wholesale buyers, sellers, logistics players and distributors from across the world

UAE’s Alpha Dhabi Holding posts Dhs5.1bn in net profit for 2021

The company reported revenues of Dhs18.8bn

ADNOC announces $548m contract for a new main gas line at its lower Zakum field

ADNOC Drilling announces net profit of $604m for 2021

Revenue for the full year was $1.14bn, up 6 per cent over 2020, largely driven by new rigs and rig reactivations

Dubai: Alec hires Andy Boutle as its head of Digital Construction

Boutle will focus on the digitisation of the entire value chain for projects undertaken by Alec, with an emphasis on increasing workflow communication

Oracle named as Red Bull Racing F1 title sponsor

The Formula 1 2022 season begins March 18-20 with the Gulf Air Bahrain Grand Prix in Bahrain

Abha International Airport Saudi Arabia

Saudi forces destroy drone targeting Abha airport

The scattered debris caused minor injuries to 12 civilians

Dubai’s Emirates signs MoU with Maldivian to explore partnership opportunities

The two carriers will review codeshare and interline options to provide customers with greater connectivity

OPEC sees upside potential for oil demand as economy rebounds

OPEC and its partners are trying to gradually restart production halted during the pandemic