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

Saudi makes 48-hour negative Covid test mandatory for Umrah pilgrims

The new directive will come into effect on 1am, February 9, 2022

UAE

UAE business tax will help support smaller emirates’ economies, S&P says

The country plans to levy a 9 per cent corporate tax from June 2023

Diriyah: Nesma awarded SAR1.2bn transportation contract

It covers the construction of a network of road tunnels, ramps and a major bridge deck as well

Middle Eastern oil is flavour of the month as benchmarks diverge

Oil futures have soared to the highest level in seven years in the opening weeks of 2022

Saudi Arabia

Saudi wealth fund edges closer to green bond with Moody’s rating

Last week, Fitch Ratings gave the fund a rating of A

AD Gaming partners with Attarius Network to underpin Abu Dhabi’s gaming sector

Via the agreement, Attarius will help developers in Abu Dhabi build blockchain-based games

Bahrain

Bahrain introduces permanent residency golden visas

Open to both residents and non-residents, as well as their families, the visa can be renewed indefinitely

single-use plastic ban starts on Jan 1

Dubai to impose tariff on single-use plastic bags from July 1

The tariff of 25 fils is being introduced with the ultimate aim of completely banning the use of these plastic bags over the next two years

Abu Dhabi Islamic Bank posts 45% rise in net profit for 2021

The bank’s revenue increased 4 per cent to Dhs5.56bn

UAE reports 1,704 Covid-19 cases, 1,992 recoveries

The nationwide case count has risen to 859,362

Abu Dhabi

AD Ports Group lists shares on Abu Dhabi Securities Exchange

The company will commence trading on the main exchange from February 8

CBUAE selects Accenture to develop UAE’s National Instant Payment Platform

The platform, which allows real-time payments and fund transfers round the clock, will support SMEs, larger companies and financial institutions

flydubai

Flydubai to begin flights to AlUla and Yanbu in Saudi Arabia

With the two additional routes, the airline will be flying to six destinations in the kingdom

RouteQ launches operations in Dubai to expand its presence in the Middle East

The technology provider aims to address the key delivery challenges in the Middle East such as inaccurate addressing and package tracking

Getty Images

Abu Dhabi-based French language school boosts security infrastructure with Fortinet

The school had to comply with their internal education auditing team as they store a significant amount of data ranging from financial to personal information

Fintech company Postpay collaborates with Commercial Bank of Dubai

The strategic partnership will support Postpay on several fronts, including transaction banking, debt funding and e-commerce solutions

Vatican Embassy UAE

Abu Dhabi: Vatican opens embassy in UAE

The new Apostolic Nunciature in the UAE’s capital comes 15 years after the two countries established diplomatic relations

UAE weather

UAE weather forecast: Fresh winds, potential dust storms on Monday

The country recorded its lowest temperature of 3.3°C in Jabal Jais at 4am today morning

Global emissions from buildings, construction climb to record levels

Dubai to reduce almost a third of its carbon emissions by 2030

The Dubai Supreme Council of Energy approved updated plans for the programme that will help the UAE meet its net-zero goal by 2050

(left-right) Raed Barqawi, Sheikh Ahmed bin Saeed Al Maktoum and Ian Fairservice. Image credit: Motivate Media Group

Emirates LitFest 2022: New book on Dubai’s Sheikh Mohammed unveiled

Sheikh Ahmed bin Saeed Al Maktoum was present at the launch of the book authored by journalist Raed Barqawi and published by Motivate Media Group

How digital is set to shape the future

The how and where of consumer spending is transforming, driven by digital trends

Green bonds still have a long way to go to dent climate crisis

Global sales of green bonds hit a record $513bn last year

Anghami Nasdaq

UAE’s Anghami, first Arab tech company to list on Nasdaq, begins trading

Anghami, with 75 million registered users, has completed its merger with Vistas Media Acquisition Company

Dubai’s Emirates signs agreement with Turespaña to underpin tourism to Spain

The carrier had launched operations to Madrid in 2010 and to Barcelona in 2012

UAE’s Al Khayyat Investments picks Dell Technologies to boost its digital transformation drive

The company plans on incorporating digital-led solutions to transform customer experience across all retail touch points

Dubai Islamic Bank targets growth, scouts out deals

The lender reported its profit jumped 33 per cent in 2021 to Dhs4.4bn

Emirates

Emirates to restart Dubai-Casablanca flights

The airline will resume services on the route starting Tuesday, February 8

UAE reports 2,114 Covid-19 cases, 1,077 recoveries

The nationwide case count has risen to 853,651