Yasser Abdul Malak, Chairman & CEO of Nestle Middle East & North Africa

Yasser Abdul Malak appointed as MENA chairman and CEO of Nestlé

Nestlé MENA employs over 15,000 people in 19 countries, operates 25 factories , and achieved annual sales of nearly $3bn in 2020

UAE security

UAE says it “reserves right to respond” to Houthi militia attack in Abu Dhabi

The UAE added that those responsible for the targeting of its civilian facilities on Monday will be held accountable

Emirates Burj Khalifa Dubai

Video: Emirates releases behind-the-scenes footage of latest Burj Khalifa promo in Dubai

The flypast involved the A380 flying at an altitude of only 2,700 feet, the exact height of Burj Khalifa, at a very low speed of 145 knots

Abu Dhabi’s Taqa and EWEC price first green bond linked to solar PV plant

The $700m placement is the largest green bond issued in the region

UAE reports 2,989 Covid-19 cases, 4 deaths

The nationwide case count has risen to 808,237

Saudi oil minister says he’s unconcerned about rise in prices

Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel

Abu Dhabi Police confirms explosion of three petroleum tankers

Preliminary investigations suggest that the cause of the fires are small flying objects, possibly belonging to drones

Dubai Palm Jumeirah

Sharjah’s Arada enters Dubai property market, purchases Dhs240m land at Palm Jumeirah

The 20,500 square metre plot located on The Palm’s East Crescent has been bought from Nakheel

Getty Images

Sporting tours with Eric Cantona are offered by this Abu Dhabi startup

Looking FC offers four-day journeys designed by Cantona that take visitors on a sporting pilgrimage to discover worldwide football locations

Salik

Moelis wins another top Dubai IPO role with Salik mandate

The toll system could add additional banks before the listing

UAE Central Bank

UAE bank deposits grew 80 per cent in 10 years

The number of commercial banks operating in the UAE totalled 58 in 2020 against 51 in 2010

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi announces launch of three new routes

The low-cost carrier will begin flights to Nur-Sultan in Kazakhstan, Yerevan in Armenia, and Krasnodar in Russia next month

Mohammed bin Rashid Al Maktoum Solar Park

Production in Dubai’s Mohammed bin Rashid Al Maktoum Solar Park increases to 330MW

The clean energy share is currently 11.38 per cent of Dubai’s energy mix, and will reach 13.3 per cent in Q1 2022

Injazat UAE National Security Council

Intersec 2022: Injazat signs MoU with UAE National Cyber Security Council

The agreement focuses on cyber-attack detection and response services and will enable all government and semi-government entities in the country to be safeguarded

Oil extends gain after weekly advance on tightening market

Oil has rallied more than 10 per cent so far this year

Sustainable developments: Are they the future of real estate?

Legislation on minimum acceptable green standards, new building codes, new sustainable building materials and even the use and disposal of construction waste, will be required in the immediate future

Power Letters 2022: Yousuf Fakhruddin, CEO, Fakhruddin Properties

Infrastructure and real estate developments need to prioritise environment-friendly architecture and design today for a viable tomorrow

Power Letters 2022: Alisha Moopen, deputy managing director, Aster DM Healthcare

A seamless omnichannel integrated approach is extremely important and key for the future of healthcare

Over 50% of UAE consumers to go cashless by 2024 – Visa

Around 71 per cent of small businesses surveyed in the UAE said they already are, or plan to be, cashless in the next two years

Bahrain’s Al Waha Fund of Funds invests in $50m fintech fund

The VentureSouq MENA FinTech Fund will support fintech companies in Bahrain and across the region

Abu Dhabi

Abu Dhabi updates protocols for Covid-19 patients, close contacts

High-risk categories who test positive for the virus must visit one of the designated Covid-19 Prime Assessment Centres for medical assessment and isolation measures

New ADIB Global Sukuk Fund raises more than $160m

The fund was launched in October last year

UAE reports 3,068 Covid-19 cases, 1,226 recoveries

The nationwide case count has risen to 799,065

Dubai World Trade Centre confirms 25 events for Q1 2022

Its exhibition season will kick off with Intersec which will be followed by other key events including Gulfood and World Art Dubai

Dubai’s Shindagha Tunnel to temporarily close in one direction for two months

The closure is coinciding with the opening of the Infinity Bridge for traffic on Sunday, January 16

Expo 2020 Dubai

Expo 2020 Dubai announces special Dhs10 tickets for visitors on January 16

The announcement was made as the event prepares to mark the milestone of achieving 10 million visits

Wizz Air doubles down on Abu Dhabi venture

The fleet will expand to eight this year, adding links to destinations including Vienna, Bari, Italy, and Krasnodar, Russia

Power Letters 2022: Rizwan Sajan, chairman and founder, Danube Group

We opened our showrooms in Uzbekistan and Nepal and are planning to take Danube Homes to more than 50 countries worldwide

JLT DMCC

Infrastructure upgrades in Dubai’s JLT to include new road network

The master developer of the community, DMCC, is also working on renovating the various lakes across the area

DEWA-SAT 1

Video: DEWA launches nanosatellite to aid network planning and maintenance in UAE

DEWA-SAT 1 was launched on a SpaceX Falcon 9 rocket from Cape Canaveral Space Launch Complex in Florida on Thursday