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

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai at Infinity Bridge Dubai

Sheikh Mohammed visits new Infinity Bridge in Dubai

It improves connectivity between Deira and Bur Dubai by raising the total number of lanes crossing the Dubai Creek from 48 to 60

DCT Abu Dhabi signs MoU with fintech platform PayBy

The secure platform will be used across hospitality and tourism establishments

UAE’s proptech Huspy acquires mortgage consultancy Home Matters

Combined proptech entity will facilitate financing for gross merchandise value of over $1bn annually in the UAE and Europe

UAE’s office market displayed signs of recovery in Q4 2021 – JLL

Change in work week, introduction of new labour laws and visa options contributed, states JLL’s 2021 year-end report

Arabian Travel Market 2022 ATM 2022

Arabian Travel Market announces new dates for 2022 edition in Dubai

It will now be held from May 9-12, 2022, at the Dubai World Trade Centre

UAE reports 2,683 Covid-19 cases, 1,135 recoveries

The nationwide case count has risen to 795,997

Expo 2020 Dubai

How Singapore is leading the way for the recovery of the sustainable travel industry

An upcoming panel discussion at Expo 2020 Dubai later this month attempts to explore how urban design and technology will attract the next generation of travellers

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Proven Robotics opens first robotics training centre in Saudi Arabia

The new facility will also provide customers original spare parts, onsite troubleshooting, in-house maintenance services

Dubai’s Emirates resumes passenger services to and from these five destinations

The resumption of services is effective January 13 onwards

UAE tourist visa - health insurance - Getty Images

SEHA launches new app to streamline visa screening appointments

Currently available for individual booking only, the application will be expanded to include businesses at a later stage

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2021: Dubai records highest value of real estate sales transactions in 12 years

The total number of real estate sales transactions that took place last year were also the highest since 2013

Kitopi launches its first kitchens in Bahrain and Qatar

The company, which turns four this month, will set up operations in Malaysia and Singapore next

Century Financial

Power Letters 2022: Bal Krishen, chairman, Century Financial

A sudden policy shift by central banks anxious to tame surging inflation could be one of the downside risks for global stocks next year

Mideast’s biggest bank raised provisions and remains on alert

Qatar National Bank’s 2021 net income rose to QR13.2bn from QR12bn a year ago

Aldar gains ground within two global ESG benchmarks

The company’s improved ESG ratings have been attributed to the consistent and broad integration of sustainability practices into its operations

Covid-19 update: UAE reports 2,616 cases, 982 recoveries

The nationwide case count has risen to 793,314

Things are looking better after two years – Emirates CEO

‘We are in a world in which we have to change all the time’ – Sheikh Ahmed bin Saeed

Apicorp and IsDB partner in $1bn infrastructure financing initiative

The joint ‘Infra Initiative’ aims to incentivise more private sector investments and mobilise funding for utility projects

Abu Dhabi introduces Dhs1,000 cap for tourism business licences

The revised fee structure is applicable to tourism business licences starting this month