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

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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

Light-1 CubeSat

UAE-Bahrain nanosatellite Light-1 launched from International Space Station

The Light-1 CubeSat is the region’s first scientific mission to monitor and study Terrestrial Gamma-ray Flashes from thunderstorms and lightning

Power Letters 2022: Murshed Al Redaini, group CEO, Yas Holding

UAE-based investment firm Yas Holding – which has diversified operations across several industries including education, agriculture and healthcare – will continue its focus on leveraging technology and innovation to fuel its growth and expansion

Aldar Education Aldar Academies

Abu Dhabi’s Aldar to invest Dhs1bn in education portfolio

It aims to increase the student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by the 2024-2025 academic year

Dubai received 7.28 million overnight visitors in 2021

Hotels in the emirate recorded average occupancy levels of 67 per cent last year

Saudi Arabia airport

Saudi mandates Covid-19 booster shot for citizens travelling abroad

The directive will be put into effect from 1am on February 9, 2022

Abu Dhabi-based Yahsat wins Dhs24m contract to build naval satcom systems

Yahsat will design, deliver and integrate advanced satellite communication solutions for Abu Dhabi Ship Building

First Abu Dhabi Bank, Mastercard introduce virtual corporate debit card

The virtual cards can be created for single- or multiple-use

Covid-19 update: UAE reports 2,232 cases, 1,427 recoveries

The nationwide case count has risen to 851,537

Air Arabia

Air Arabia launches new direct flight between Sharjah and Osh in Kyrgyzstan

The twice weekly service will commence from February 20, 2022

The UAE is set to levy corporate tax: Here’s what analysts say

The country plans to introduce a 9 per cent federal tax on corporate earnings for the first time next year