UAE oil firm ADNOC gets $900m investment in property unit

Abu Dhabi Pension Fund is investing in some of ADNOC’s real estate assets

Sheikh Mohammed bin Rashid Al Maktoum Invest in Dubai

Sheikh Mohammed launches ‘Invest in Dubai’ platform to ease process of establishing businesses

The centralised portal offers services such as commercial licensing in which government permits and approvals can be obtained without the need to physically visit any service centre

Saudi Arabia

Covid-19: Saudi Arabia bans entry from 20 countries including UAE, UK and India

The temporary entry ban will go into effect from Wednesday, February 3, at 9pm

Central Bank of UAE

UAE’s Central Bank appoints Khaled Al Tameemi as Vice Governor

Al Tameemi has over 30 years of experience in various entities including being a board member in the Central Bank

Business Traveller Middle East Awards 2021: Registration begins

Hotel registration is now underway, with the event scheduled to take place in May

Covid-19: Dubai approves use of AstraZeneca vaccine

The first shipment of the vaccine has been received from India

Cover story: Emirati lawyer Youssef Al-Bahar on the UAE taking the right stand

The UAE’s flexible and proactive legal system is helping the country tackle issues such as cybercrime while also keeping an eye on the future

Abu Dhabi: Al Hosn app a ‘must’ for entry into the emirate

Effective February 1, people will have to show Covid-19 negative test results via the Al Hosn app

Saudi’s Public Investment Fund to set up airline company – reports

The company will operate international and domestic flights

BMW EGA CelestiAL aluminium

BMW Group becomes first customer for UAE’s solar-powered CelestiAL aluminium

Using this aluminium from EGA will reduce BMW Group’s emissions by 222,000 tonnes of CO2 per year

How can UAE businesses ensure compliance with ESR and UBO regulations?

Employing the services of certified audit firms can help companies in the country meet regulatory requirements and avoid penalties

china oman

BP sells Oman stake to Thai firm in $25bn divestment drive

The deal should help BP deliver on its goal of selling $25bn of assets by 2025

Countdown begins as UAE’s Hope probe prepares to enter Mars’ orbit

The probe is expected to enter the red planet’s orbit on Tuesday, February 9, 2021

Eitan Na’eh, head of mission at the newly established Israeli embassy in Abu Dhabi

Israel wants to build land corridor with UAE for movement of goods

Israel is looking into the potential of trailers and lorries carrying goods from the UAE reaching Israel in three days, and vice versa

flydubai Cargo

UAE’s flydubai Cargo certified to transport dangerous goods

Earlier this year, flydubai Cargo joined the World Logistics Passport, an initiative to increase trading opportunities between developing markets

Dubai announces new Covid-19 restrictions: Mall capacity reduced, bars closed

The new measures are effective from February 2 until the end of the month

Cloud-kitchen and store-front operator Kitch launches in Saudi and UAE

Kitch launches with privately raised capital of $15m

Udrive Hasib Khan

The SME Story: Hasib Khan, founder and CEO of Udrive

Unlike traditional rental services, with Udrive no humans are involved in the rental process which is managed via the app and you pay for only what you use

Dubai Financial market

Private utilities company Utico plans Dhs3bn listing on Dubai market in 2021

Utico is the UAE’s only private water and power company

Flydubai resumes flights to Tbilisi, expands network to 65 destinations

Flights to Georgia’s capital city will operate on Mondays and Thursdays

Covid-19 update: UAE reports 2,730 cases, 4,452 recoveries and 9 deaths

The case count has now risen to 306,339

Dubai’s DIFC and Mastercard partner to bolster cybersecurity for financial firms

Half of global businesses are not prepared to deal with cyberattacks: study

Saudi tech startup Foodics raises $20m in Series B funding

The funding will enable the startup to grow its share in existing markets, ramp up international expansion, as well as expand its fintech offering

How you can make your wealth work for you

From creating a diversified portfolio to making well-informed asset choices, it is critical to have the right kind of advice in order to protect your investments

Half of all Saudi, UAE gamers spent more time playing during lockdowns: study

Pandemic-accelerated gaming to continue post Covid-19 lockdowns in UAE and Saudi

Abu Dhabi’s ADCB sees creditors approval for NMC restructuring in first half

The bank recorded $450m in provisions and interest in suspense toward NMC, Finablr and associated companies last year

Abu Dhabi’s Aldar Properties announces new operating model to drive growth

Aldar Investment and Aldar Development will be led by their own CEOs – Jassem Busaibe and Jonathan Emery, respectively

Saudi chemical giant SABIC sees vaccinations boosting income

SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019

Emirates to operate flights from UK to Dubai for stranded UAE citizens and residents

The UK banned all direct passenger flights to and from the UAE starting January 29