Emirates Airline Festival of Literature 2022 returns to Dubai in February

The year’s festival with the theme ‘Here Comes the Sun’ offers a stellar line-up of literary luminaries and inspiring personalities who will engage the audience

WAM

UAE’s MoHAP launches world’s first Metaverse customer happiness service centre

The health minister asserted that virtual reality technology will play a more important role in the future of the UAE during the next fifty years

Israeli President Isaac Herzog

Israeli President Isaac Herzog to visit UAE

It will be the first-ever state visit by an Israeli president to the country

Sheikh Khalifa issues new law to regulate family business ownership in Abu Dhabi

The law is not applicable to family-owned businesses where non-family members own more than 40 per cent of shares

Dulsco

Dulsco opens new material recovery facility in Dubai

Located at Ras Al Khor, the new recycling processing plant has a capacity of 80,000 tonnes per year

UAE’s top oil producer forms entity to sell bonds for first time

ADNOC said the new entity “intends to closely monitor market conditions and explore potential funding opportunities”

Marjan partners with Wynn Resorts to develop multi-billion dollar resort in Ras Al Khaimah

The multi-purpose integrated resort – the first in the MENA region by Wynn Resorts – marks the largest of its kind foreign direct investment in Ras Al Khaimah

UAE’s National Bank of Fujairah reports 124.2% rise in net profit for 2021

NBF posted operating profit of Dhs955.6m in 2021, an increase of 6.8 per cent compared to Dhs894.6m in 2020

Ras al Khaimah UAE

New department in Ras Al Khaimah to regulate entertainment and gaming operations

The scope of activities of the Department of Entertainment and Gaming Regulation established will cover licensing, taxation, operational procedures, and consumer safeguards

Abu Dhabi’s GlobalOne Healthcare increases stake in Alvotech

Iceland-based Alvotech develops and manufactures biosimilar medicines

Covid-19: UAE reports 2,504 cases, 965 recoveries

The nationwide case count has risen to 830,832

UAE’s Amanat acquires majority stake in Sukoon

Mubadala Health to enter Dubai with new medical facility in Jumeirah

The 125,000 square-foot Mubadala Health day surgery and medical facility is scheduled to open in Q3 in 2022

Why this 21-year-old Dubai resident is hoping to create a unicorn with his sports app

Dubai resident Amit Singh launched a sports fan engagement app in the UAE called Boomer11 last year. Here’s why he is confident the startup will achieve its goal

Expo 2020 Dubai records close to 11 million visits as of January 24

All Expo visitors aged 18 and above must show proof of vaccination or a negative PCR test result taken within the previous 72 hours

UAE’s Chimera Capital announces second close of VC fund at $10bn

The fund will target businesses with a focus on fintech, AI, life sciences, consumer internet and B2B sectors

Etihad

Abu Dhabi’s Etihad offers talabat users option to offset carbon emissions with every order

In partnership with CarbonClick, the project will offset each ride made by a talabat rider through Etihad Guest’s Miles on the Go programme

Bridge Medical GPO

Bridge Medical GPO launches new e-procurement healthcare platform in UAE

The software platform was developed by Jaggaer, the developers of Tejari and eSupply

Getty Images

Dubai’s e-trader license records 6% growth during 2021

The total number of e-trader licences issued in 2021 reached 6,217

Dubai Electricity and Water Authority

Dubai’s energy demand grows 10% y-on-y in 2021

Energy demand in 2021 reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020

Saudi’s Tourism Development Fund partners with Al Nahla Group to launch $80m destination

The project will feature upscale accommodation with more than 150 keys

UAE Ministry of Health

UAE launches new e-platform for surveillance of future pandemics

Sphere provides a unified national database that enhances disease prevention, by sharing and exchanging information locally, regionally and globally

Dubai Healthcare City partners with Korea’s Asan Medical Center

The agreement will see Asan–UAE Gastroenterology Hospital open in Dubai Healthcare City Phase 2

UAE’s Aldar signs agreement with EWEC to promote clean energy adoption

Via the agreement, 100 per cent of Aldar’s owned and managed operating assets will be powered by EWEC’s clean energy sources for up to five years

Dubai Land Department signs MoUs enabling smart real estate solutions

The MoUs with Bayut, DXBinteract.com and Property Finder will provide the real estate sector with solutions to encourage transparency in information and procedures

Saudi Arabia plans to keep debt stable as oil income surges

Euro-denominated outstanding debt is currently around 2 per cent of the kingdom’s overall portfolio

UAE reports 2,629 Covid-19 cases, 1,115 recoveries

The nationwide case count has risen to 828,328

Getty Images

UAE’s Securities and Commodities Authority approves GCC’s first SPAC regulatory framework

The framework will provide international investors with access to growth opportunities

Arab Health

Arab Health 2022 and Medlab Middle East begins at Dubai World Trade Centre

More than 60,000 attendees are expected across the four days of both shows, with almost 4,000 exhibitors having confirmed their participation

Saudi fund’s digital security firm seeks $820m from IPO

The IPO comes as countries in the Middle East step up efforts to sell shares in private companies and boost liquidity on their stock markets

Otis is ready to move future cities through digitalisation and a commitment to ESG

Nader Antar, Head of Strategy and Chief Transformation Officer, Otis EMEA, and President, Otis North and Central Europe, Middle East, Eastern Europe and Central Asia, shares how the company has embraced digitalisation while consistently supporting infrastructure development and delivering on its ESG commitments