Saudi

Saudi Arabia’s economic growth stays near decade-high as oil powers rebound

The kingdom’s economy expanded 6.8 per cent in the fourth quarter of 2021

Dragons’ Den’s Steven Bartlett to headline event at Dubai Opera on March 2

Organised by Motivate Talent, the event will feature a fireside interview with Bartlett as well as a special guest panel discussion

UAE reports 1,588 Covid-19 cases, 2,301 recoveries

The nationwide case count has risen to 864,102

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Ajman to introduce contactless payments on public transport

The implementation EMV technology will reduce the passenger’s travel time by eliminating the need to stand in line to purchase tickets

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Invixium appoints Saudisoft as a distributor for Saudi Arabia

The distributor will offer Invixium’s complete portfolio of biometric and card readers to its customers in Saudi Arabia

Dubai International Chamber to attract 50 multinational companies over three years

It also aims to support the international expansion of 100 Dubai-based companies

Saudi Telecom’s subsidiary buys Pakistani infrastructure provider to broaden footprint

The deal is subject to regulatory approval from Pakistani authorities

UAE: Events, activities to return to full capacity this month

Physical distancing in mosques and places of worship has been reduced to one metre

Majed Al Joker

Majed Al Joker appointed as chief operating officer at Dubai Airports

Prior to his promotion, Al Joker was executive vice president of corporate affairs for Dubai Airports

Bahrain’s GFH Financial Group reports net profit of $84.22m in 2021

The group’s net profit increased by 86.77 per cent over 2020, supported by diversification and an international investment portfolio

Abu Dhabi: The 2022 edition of UMEX and SimTEX to return this month

The hybrid event will take place at Abu Dhabi’s ADNOC Business Centre

UAE’s EGA plans to build first aluminium recycling facility

Feasibility studies for the project are underway

UAE reports 1,538 Covid-19 cases, 2,457 recoveries

The nationwide case count has risen to 862,514

First Abu Dhabi Bank makes offer to acquire majority stake in EFG Hermes Holding

The potential acquisition would be paid for in cash

Dubai Islamic Bank prices $750m senior sukuk

The sukuk will be listed on Euronext Dublin and Nasdaq Dubai

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Data and digital consulting firm Artefact expands to Saudi Arabia

Artificial intelligence is expected to contribute over $135.2bn in 2030 to the kingdom’s economy, equivalent to 12.4 per cent of GDP

Aldar

Abu Dhabi’s Aldar achieves annual property sales of Dhs7.2bn in 2021

The company reported a preliminary full year net profit increase of 21 per cent

Historic feat: One year since the UAE’s Hope Probe reached Mars

The UAE became the first Arab country to launch a space mission to Mars

Qatar considers refinancing $10bn debt due next year

No final decision has been made

Cover story: Investment is a level playing field, says Dubai’s AIX

The Covid-19 pandemic has effectively broadened the investment landscape, explains AIX Investment Group’s board advisor Fadi Dabbagh

Here are five steps to increase your followers on Instagram

Instagram in particular, is a social media platform that ranks supreme when it comes to its potential as a marketing tool, especially amongst B2C brands

Covid-19 vaccine

Covid-19: Fourth dose of Pfizer-BioNTech vaccine now available in Abu Dhabi

It is mandatory for six months to have passed since receiving the last dose of the vaccine, except in the case of high-risk individuals who can receive the booster after three months

DP World’s Imperial acquires a controlling stake in Africa FMCG Distribution Ltd in Nigeria

DP World reports volume growth of 9.4 per cent in 2021

Spurred by the volume performance, DP World remains focused on increasing profitability while managing growth capex

F22

US to bring F-22 fighter jet squadron to the UAE imminently

It has already deployed the the guided-missile destroyer USS Cole to patrol the waters of the UAE

ADNOC

UAE’s ADNOC mulls sale of green bonds as it seek ESG funds

The UAE became the first Gulf state to commit to neutralising planet-warming emissions within its borders, which it aims to do by 2050

Abu Dhabi’s Aldar awarded development project contracts worth Dhs8.5bn in 2021

The company signed 16 contracts with UAE-based companies to support the National ICV programme

Dubai Financial Services Authority signs MoU with India’s IFSCA

The agreement sets a framework for mutual assistance and exchange of information in areas, including money laundering and terrorism financing

Covid-19 update: UAE reports 1,615 cases, 2,219 recoveries

The nationwide case count has risen to 860,976

Abu Dhabi Ports surges on debut after $1.1bn share sale

In 2021, Abu Dhabi Ports handled 45 million tons of general cargo volumes

AD Ports Group

Abu Dhabi-based Al Seer Marine invests Dhs1.2bn in AD Ports Group

With this investment, Al Seer Marine has received a 7.36 per cent stake in Abu Dhabi Ports