Abu Dhabi fertilizer firm Fertiglobe raises $800m in IPO backed by Singapore

The company will be valued at $5.8bn and the stock will start trading in Abu Dhabi on October 27

Different Arab money

Saudi VC firm STV looking to raise $1bn for Middle East tech fund

Interest in the technology industry in the Middle East has increased the past few years

Saudi to start electric-vehicle push in Riyadh

The kingdom aims to ensure at least 30 per cent of the cars in its capital are electric by 2030

Saudi Green Initiative

Saudi Arabia aims to achieve net zero emissions by 2060

It involves an investment of SAR700bn, with the minister of energy adding that the initiative will not have an adverse economic impact on oil exporters

How staying less connected reduces stress

None of us enjoys a culture of always being connected if it spirals out of control

Digital transformation will lead to a cleaner future

While sustainability is the future, digital transformation is a key enabler supporting industries make the transition

Brazil, UAE can collaborate on vaccines for future pandemics: Brazilian Minister

Brazil will develop vaccines for diseases such as dengue, chikungunya and yellow fever, which are prevalent in tropical countries

Azimut and Gellify launch a $50m VC fund to support MENA startups

The new fund will focus on enhancing advanced technology-based innovation in the region, identifying and nurturing B2B tech startups

Google cloud

Etisalat to launch 5G enterprise multi-access edge computing in collaboration with Microsoft

Etisalat deploys Microsoft Azure Stack Edge to offer 5G, IoT and AI applications at the enterprise customer premise

Saudi’s Dar Al Arkan and Katara Hospitality join hands to develop sea-front project in Qatar

The project marks Dar Al Arkan’s first entry into Qatar with the aim of driving the development of the luxury property market

Mobiles

Northladder partners with electronic retailers to enhance trade-in programmes in the UAE

As people increase the trade-in of their devices, Northladder will launch white labelled apps for retail partners

Here’s how blockchain has revolutionised the regional financial sector

While blockchain technology is still in its early stages in the Middle East, public and private sectors are aggressively using it to streamline operations

Dubai’s DP World launches a single window digital solution for smart logistics

The first phase of the launch will immediately offer customers access to book cargo from UAE to India

Mobily and Ericsson sign agreement to recycle old electronic devices in Saudi Arabia

The partnership is in line with Mobily’s efforts to reduce its emissions through using environmentally responsible methods for recycling old devices

ICC T20 World Cup: Abu Dhabi offers half-priced PCR test for visitors

Abu Dhabi Sports Council and UAE’s VPS Healthcare have entered into a partnership for this initiative

Esports

Dubai-based Geekay Esports expands portfolio with Emirati Valorant team

The group also plans to host university and school-level tournaments across the UAE

Mohamed Al Fayed, Co-founder and CEO of GrubTech

The SME Story: Mohamed Al Fayed, co-founder and CEO of GrubTech

GrubTech is a digital platform transforming the restaurant and cloud kitchen business in the region

Expo 2020 Dubai

How the Expo is boosting the UAE’s SME landscape

Here’s how SMEs can leverage the global spotlight and influx of capital that Expo 2020 Dubai will attract in abundance

Dubai tourism

Dubai’s tourism sector won’t rebound until late 2022, S&P says

The city is hosting the World Expo 2020 this year, and it hopes to attract millions of tourists

Emirates NBD

Dubai’s Emirates NBD nine-month profit rose an annual 29% to Dhs7.3bn

The bank reported a nine-month total income of Dhs17.3bn as compared to Dhs18.3bn in the previous year

Dubai announces free parking for public holiday on Thursday

The RTA has also revealed revised timings for public transport

Saudi ARabia

Saudi hoard of US Treasuries shrinks most since oil-price rout

The kingdom sold $4bn in US government debt, the most in over a year

Covid-19: UAE updates protocols for house gatherings, business charter flights

The new protocol includes setting an attendee limit of up to 60 people for weddings and funerals held at home, in addition to 10 extra individuals as service staff

Flydubai

Flydubai to begin flights to Sohar in Oman

It marks the third destination that the carrier will fly to in Oman, alongside Muscat and Salalah

EITC

UAE telco du net profit down 65.6% in Q3 2021

Its revenues grew 6.9 per cent year-on-year to Dhs2.874bn

GITEX Future Stars: Accelerating the pace of change

Artificial Intelligence, big data, augmented and mixed reality, and blockchain are disrupting how creative industries produce, distribute, and consume content

UAE could excel in developing women coders, says Minister of State for AI

The country has earmarked October 29 as its annual ‘National Coders Day’

Abu Dhabi’s Hub71 and AWS accelerate startup growth on the cloud

Collaboration provides Hub71 startups with access to AWS Activate, with AWS credits worth up to $100,000 and access to technical support

UAE to create new task force for digital economy, minister says

Emirates Venus and Asteroid Space Mission looks for 50 per cent private sector upstream development

IMF upbeat about MENA growth, warns about uneven recovery

The fund raised its economic growth projection for MENA to 4.1 per cent this year from an earlier estimate of 4 per cent