Dubai’s DIFC Courts launches specialised court for the digital economy

The new court aims to start providing services in the first quarter of 2022

UAE says it’s suspending F-35 talks with the US

The UAE said it is reassessing the strategic requirements and the costs/benefits of the aircraft

UAE to invest $2bn in India’s ‘food parks’

Why Abu Dhabi conglomerate Yas Holdings’ Elite Agro is focused on food for the future

With food security gaining increased focus during the pandemic, the UAE is focusing on the adoption of new technologies to yield greater results, say Elite Agro Division’s executive director and board member Dr Abdulmonem Almarzooqi and its CEO Ian Summerfield

Emaar reveals celebration plans for New Year’s Eve in Downtown Dubai

The show this year, called ‘Eve of Wonders’, will include a fireworks display choreographed to laser, lights and music

Voices from the top: Raja Al Mazrouei, executive vice president, DIFC FinTech Hive

2022 will build on the roots of opportunities created in 2021

Gulf leaders stress need for joint security, approve establishment of GCC Railways Authority

The GCC Supreme Council also urged for the need to accelerate the establishment of a joint customs union and the GCC Common Market

Mubadala and AD Gaming collaborate to develop esports ecosystem in the UAE

The MoU sets a framework for both comapnies to explore routes for collaboration and action that will support the development of gaming

UAE’s Mashreq partners with Turtlemint to offer bespoke insurance solutions

The new proposition will enable information transparency and empower Mashreq’s customers to make an informed choice while buying insurance products

Dubai Shopping Festival begins on December 15: Here’s what it features this year

The event – currently in its 27th edition – will run until January 30, 2022

Covid-19 testing UAE

UAE Covid-19 cases cross 100, no deaths recorded

Up to 100 per cent of the UAE’s population has received at least one dose of the Covid-19 vaccine, according to the NCEMA

Binance planning to tie up with Dubai for crypto activities – report

Dubai is reportedly being regarded as an option for the company’s global headquarters

Voices from the top: Sophie Doireau, CEO, Middle East, India and Africa, Cartier

In 2021, the company unveiled its renovated flagship boutique in Dubai Mall

Abu Dhabi’s ADNOC announces new oil and gas discoveries

The discoveries of up to 1 billion barrels of oil equivalent have been made at an exploration well in Onshore Block 4 concession

ADNOC’s AI venture signs deal with Beyond Limits

Companies sign Memorandum of Understanding to jointly boost innovation and AI commercialisation to support oil and gas organisations in the UAE

UAE salaries to increase by an average of 3% in 2022-report

Up to 74 per cent of the respondents also confirmed that they intend to pay out bonuses in 2022, with 46 per cent looking at offering one- two months’ gross salary

Dubai-based Tradeling appoints Harry Pappas as chief financial officer

Pappas joins Tradeling with over 20 years of experience in finance and accounting

oil-big7

Saudi Arabia warns traders against shorting oil prices

While oil has soared about 45 per cent this year, it slumped more than 10 per cent on November 26, the day after Thanksgiving

Why it is essential for non-Muslim expats in the UAE to have a registered will

Non-Muslim expatriates can now register their wills online

UAE’s new labour law to largely align public and private sector benefits

Under the new law, employees in both sectors will get similar leaves and end-of-service benefits

UAE Central Bank mulls emiratisation of some banking and insurance roles

The board also endorsed the criteria that govern banks’ loan exposure to the real estate sector

Lockheed Martin appoints new chief executive for Middle East

John W. Nicholson will take up the role based in Abu Dhabi

Saudi oil minister

Saudi oil minister says global production could plunge 30% this decade

“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” he said

UAE and Israel leaders discuss economic ties in historic trip

Health and food security “will constitute a major part of the mutual cooperation”

1000 Miglia Experience UAE Jubilee Edition

Iconic 1000 Miglia classic car race to come to the UAE in 2022

The by-invitation race will cover all the seven emirates and will be held from February 18-22, 2022

Dubai’s Danube Group chairman on Covid-19 recovery, 2022 plans

The UAE’s economy has received a strong boost from Expo 2020 Dubai and is on its way back to growth, states Danube Group founder and chairman Rizwan Sajan

Expo 2020 Dubai visits exceed 6.3 million as of December 13

Visitor numbers were boosted by music concerts, sporting events and National Day celebrations

Covid-19

UAE announces 92 new Covid-19 cases, 71 recoveries

No deaths were recorded over the preceding 24 hours

Emirates Draw

UAE’s Emirates Draw raises grand prize to Dhs89m

The next weekly draw will be held on Saturday, December 18

Voices from the top: Khadija Al Bastaki, executive director, Dubai Design District

The district already has a packed calendar of events for 2022 to highlight landmark achievements

Abu Dhabi’s IHC approves merger of its real estate firm Al Tamouh with Al Qudra Holding

Investment holding company Al Qudra’s board has approved a new foreign ownership limit of 30 per cent of outstanding shares