Etihad Rail

Etihad Rail signs Dhs1.99bn financing agreement for passenger services with First Abu Dhabi Bank

The passenger service will connect 11 cities and locations in the UAE and is expected to carry over 36.5 million passengers annually by 2030

Borouge starts up fifth polypropylene unit in Ruwais

The new facility will increase Borouge’s polypropylene production capacity by more than 25 per cent to 2.24 million tonnes per year

Sacha Jafri

Dubai-based Sacha Jafri’s creation to become first official artwork on the Moon

The artwork called ‘We Rise Together with the Light of the Moon’ will be placed on the lunar surface later this year

UAE reports 782 Covid-19 cases, 2,096 recoveries

The nationwide case count has risen to 877,406

in5 to launch a dedicated space for investors to drive entrepreneurship in the region

The space will enable investors to directly engage startups for funding and partnership opportunities

ACWA Power led consortium achieves financial close for Red Sea Project

The first phase of the project is set to open by the end of 2022

Paul Berger Arena global CEO

Abu Dhabi’s IHC acquires 70% stake in Arena Events for Dhs239.8m

Paul Berger, the current Arena EMEA CEO, will transition to become the company’s global CEO

Aramco closes $15.5bn BlackRock-led gas pipeline deal

Gas is a cleaner fuel than crude oil

Etisalat e&

UAE telecom major Etisalat Group rebrands as e&

e& has also announced the establishment of its consumer digital and enterprise digital business units

Dubai’s Mashreq weighs sale of payments business

Deliberations are ongoing and no final decision has yet been taken

UAE

UAE updates terror list to include one individual and five entities

They have been linked to supporting and financing Yemen’s Houthi militia

Getty Images

Saudi Arabian miner Amak seeks $332m from IPO

The initial public offering’s price range has been set at SAR58-63

Dubai Airport

Dubai Airports sees travel surge this year, full rebound by 2024

Dubai Airports CEO said demand this year could surprise on the upside

UAE reports 740 Covid-19 cases, 1,956 recoveries

The nationwide case count has risen to 876,624

Ten MENA startups announced for PepsiCo’s Greenhouse Accelerator

The startups will receive an initial grant of $20,000 and mentorship from PepsiCo and Food Tech Valley experts

UAE’s ADX, Boursa Kuwait and Kuwait Clearing Company sign MoU to enhance market liquidity

The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait

Getty Images

How and why are NFTs disrupting the world of art, music and retail

A non fungible token is a scarce, verifiable, secure asset with proof-of-ownership at its core

Israel Diamond Exchange office to open in Dubai

The IDE office will contribute to ease of trade for Israeli diamond companies operating in Dubai or looking to establish a presence in the emirate

Dubai real estate

Dubai most preferred foreign investment location for Saudi home buyers – Knight Frank

The annual 2022 Saudi Residential Survey spoke to 55 HNWIs in Riyadh, Jeddah and Dammam

UAE scraps rapid PCR tests for passengers from several countries including Pakistan, India

Sharjah-based Air Arabia said on its website that incoming passengers from eight countries are no longer required to conduct a rapid PCR test at the airport six hours prior to departure

SEBA Bank

Swiss crypto bank Seba opens office in Abu Dhabi

In a first for a full-service digital asset bank in the UAE, it received a nod from the Abu Dhabi Global Market Financial Services Regulatory Authority

In pictures: Sheikh Mohammed inaugurates Museum of the Future

The 77-metre tall landmark will provide the largest platform in the region to study, envision and design the future

Umex Simtex

UAE signs defence deals worth Dhs1.62bn on first two days of Umex and Simtex 2022

It marked an increase of 159 per cent compared to the corresponding period of last year’s exhibition

Dubai Festivals and Retail Establishment announces new dates for events

The year’s retail calendar has a total of 17 festivals, including citywide events, activations and experiences

Abu Dhabi’s Mubadala and Apollo expand partnership

The expanded partnership will help Apollo originate transactions across various asset classes and grow product capabilities

Majid Al Futtaim launches ultra-exclusive Alaya Beach residential project in Dubai

Located on the banks of the lagoon in Tilal Al Ghaf, it comprises of 14 mansions and 30 villas

UAE’s Mubadala leads $500m equity round into Singapore’s Princeton Digital Group

The funds will help PDG strengthen its presence in Japan, India, Singapore, China and Indonesia

Abu Dhabi’s Khalifa Fund and noon payments to support local SMEs

Through the partnership, noon payments will offer SMEs extra support with zero setup costs, reduced monthly fees and access to advanced gateway features

UAE’s Edge Group introduces new AI-assisted unmanned ground vehicle

The new launch is the latest from Edge’s tactical UGV series, which is intended to support security and civil defence forces

UAE reports 626 Covid-19 cases, 1,994 recoveries

The nationwide case count has risen to 875,884