Air Arabia

Air Arabia posts Q3 2021 net profit of Dhs209m

Air Arabia carried over 1.9 million passengers in the third quarter of this year from its five hubs in the UAE, Morocco and Egypt

Abu Dhabi’s TAQA reports net income of Dhs4.3bn for first nine months of 2021

Group revenues equalled Dhs34.3bn, 11 per cent higher than an year-earlier period

Expo 2020 Dubai pavilions: Bangladesh, India, Burundi, Austria, Philippines, Malaysia, Greece, Hungary

Here’s a list of eight participating country pavilions and their offerings

ADNOC Drilling

UAE’s ADNOC Drilling reports net profit of $460m for first nine months of 2021

Its revenue increased 12 per cent year-on-year in the first nine months of 2021 to $1.7bn

Abu Dhabi

Abu Dhabi Securities Exchange, Bahrain Bourse sign strategic partnership agreement

The two entities will introduce products and services including exchange-traded funds, smart order routing and cross-border direct trading

UAE-based manufacturer AMI receives Dhs213m investment from Soudal Group

The AMI-Soudal partnership is expected to grow their combined market share by 50 per cent in the Middle East over the next three years

Emirates Dubai Airport

Dubai’s Emirates Group reports $1.6bn half-year net loss

The group’s revenue totaled Dhs24.7bn for the first six months of 2021-22

Marriott W Dubai - Mina Seyahi

Marriott to open W Dubai – Mina Seyahi in 2022

The 31-storey hotel will feature 318 guestrooms, including 26 suites and an Extreme Wow Suite

UAE reports 75 new Covid-19 cases, 99 recoveries

The total number of cases across the country has risen to 740,647

Dubai-headquartered Merit Incentives secures $5m Series A funding

The company will use the funds to grow the team and invest in technology

UAE’s AD Ports to develop and operate terminal in Egypt’s Safaga Port

AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation

Saudi economy grows at fastest rate in nearly a decade

Gross domestic product expanded by 6.8 per cent compared to the same quarter of 2020

Dubai private schools

Dubai private schools report 3.5% growth in student enrolments

There are 289,019 students belonging to 185 nationalities enrolled in 215 private schools

UAE’s Mashreq posts 24.7% dip in net profit for first nine months of 2021

The bank’s operating profit for nine months of the year rose by 14.3 per cent to Dhs2.4bn

Dubai developer Union Properties’ chairman detained amid probe

Last month, the UAE attorney general announced a “major” investigation into alleged financial violations at the company

UAE Foreign Minister meets Syrian President Bashar al-Assad in Damascus

The two leaders discussed developments in the Middle East and Syria

Abu Dhabi Sheikh Zayed Grand Mosque White Mosque

UAE updates Covid-19 protocols for mosques, prayer rooms

Imams and cleaning staff of mosques should be vaccinated and must undergo a PCR test every 14 days

Abu Dhabi’s ADNOC Distribution posts net profit worth Dhs1.7bn for first nine months of 2021

It recorded a net profit of Dhs529m for the third quarter of 2021

International investors boosting Dubai property market, say developers at Cityscape

During the first nine months of the year, a total of 43,299 property sales transactions worth Dhs104.3bn were recorded in Dubai

Abu-Dhabi

Abu Dhabi Securities Exchange proposes SPAC regulatory framework

The Abu Dhabi Securities Exchange and Abu Dhabi’s Department of Economic Development have submitted a proposal to the Securities and Commodities Authority

UAE reports 72 Covid-19 cases, 90 recoveries

The nationwide case count has now risen to 740,572

UAE amends conditions for granting residency visas to retired expatriates

As per the amendment, retirees will be eligible for retirement residency, should they fulfil certain criteria

Saudi Arabia chases $64bn Hollywood dream

The kingdom is launching its first international film festival

Zayed University UAE

UAE’s Zayed University signs academic partnership MoU with Israel’s University of Haifa

Both universities will exchange knowledge and academic best practices, conduct joint-research projects, and organise mutually beneficial events and seminars

Dubai Financial Market appoints new CEO

Hamed Ahmed Ali was previously appointed as deputy CEO and chief markets officer in July 2020

Visa Dubai

Visa opens its new flagship regional headquarters in Dubai

Spanning 100,000 sq ft, the new HQ will serve almost 90 countries across the Central and Eastern Europe, Middle East and Africa region

Oracle announces second cloud region in the UAE

Emaar, Emirates Post Group chose Oracle Cloud Abu Dhabi Region for strategic business operations

Kuwait cabinet quits in step toward ending political impasse

It’s the third government to resign in a year

Qatar orders six gas ships from South Korea to boost exports

LNG is seen as an important substitute for fuels such as oil and coal

Sharjah UAE

Sharjah records Dhs5.7bn in real estate transactions for Q3 2021

The total volume of area circulated in sales transactions amounted to around 16.5 million sq ft