UAE reports 705 new Covid-19 cases, 1 death

The death toll in the UAE has reached 388

How adaptive data centres have risen through the ranks

With rapid growth in data volumes, data centres have also evolved to offer flexible options to a wide range of customers and industries

enterprises

How digitally mature regional firms are leveraging technology to capitalise on greater opportunities

The technology, consumer and financial sectors boasted the highest proportion of entities that are digitally most mature

How video conferencing app Zoom achieved peak awareness in the UAE

Video conferencing app Zoom is looking to address security concerns as UAE users top one million

Explainer: How can the construction sector ensure the new normal is green?

Sustainable policies and awareness will help build a better future, opines Ali Al Jassim, chairman of Emirates Green Building Council

Fujairah

UAE reports earthquake in Fujairah

The quake was recorded at 3.4 on the Richter scale

Waste to Energy Facility bee'ah

How to build a post-Covid ‘green economy’ in the UAE

To ensure the success of these ambitious green projects, a renewed emphasis should be placed on public-private partnerships

AstroLabs eases business set-up in Saudi Arabia with new portal

Setupinsaudi.com lists a setup process and information on requirements

Dubai

Dubai issues $2bn in sukuk and bonds at lowest ever interest rate

Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, HSBC, and Standard Chartered Bank were mandated to manage the issuance process

Al Habtoor Palace

Al Habtoor Group to offer kosher food at all its properties in the UAE

Habtoor Hospitality has partnered with Elli’s Kosher Kitchen which was founded by Ellie Kriel in 2019

GCC Covid-19 update: UAE registers 614 cases; 900 infections confirmed in Kuwait

The infection count in the UAE has risen past 72,000

Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

Update: Fires breakout in Dubai, Abu Dhabi restaurants; claim four lives

Gas leakages are believed to be the cause of both blazes

Gold & Diamond Park Dubai

Jafza agrees with Emaar Malls to manage business activities of Gold & Diamond Park in Dubai

There are currently over 90 retailers and brands operating in the Gold & Diamond Park developed by the Emaar Malls Group

Aramco delays multibillion-dollar LNG, petrochemical plans

It’s also reviewing an earlier decision to buy 25 per cent of Sempra Energy’s Texas LNG terminal

Abu Dhabi issues $5bn multi-tranche, 50-year bond

The 50-year tranche is the longest term for a bond issued by a GCC sovereign issuer

UAE DUBAI

Dubai introduces five-year renewable Retirement Visa for those aged 55 and over

Applicants will need to meet certain financial requirements in order to be eligible for the new visa

UAE-ISRAEL-US-DIPLOMACY

Saudi Arabia approves use of airspace for UAE flights to and from all countries

The UAE and Israel have recently normalised ties and pledged to cooperate in areas including civil aviation

New coding and computer programming school to open in Abu Dhabi

The campus of 42 Abu Dhabi will open in February 2021

UAE-based SellAnyCar.com expands into Saudi Arabia

Used cars online platform launches Kayishha in KSA following $35m cash infusion

Donna Benton The Entertainer

The Entertainer founder Donna Benton exits business; launches new swimwear brand in Dubai

The Entertainer contributed $1.3bn to the economy each year, with its profits growing 25-30 per cent annually

UAE e-commerce platform Awok shuts shop after securing $30m funding

The global economic downturn was cited as the reason

GCC Covid-19 update: UAE registers 735 cases; 667 infections confirmed in Kuwait

The death toll in the UAE has risen to 387

Emirates

Dubai’s Emirates to resume passenger services to additional cities

The flights to Accra and Abidjan will be linked services, operated thrice a week

First Abu Dhabi Bank

First Abu Dhabi Bank to start talks with Israeli lenders

The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office

Shailesh Dash

Phi Trends: How Covid-19 has accelerated healthtech

The crisis has opened up many growth avenues for healthtech ventures, which are attracting a significant amount of investor interest, opines entrepreneur and investor Shailesh Dash, who shares his market perspective in this monthly column

Abu Dhabi’s ADNOC, Apollo-led consortium enter into $5.5bn investment partnership

The transaction will result in upfront proceeds of $2.7bn to ADNOC and is expected to close before end of 2020, subject to closing conditions and regulatory approvals

UAE investor with $540m in cash says M&A spree not over

The Abu Dhabi-based company has amassed a portfolio spanning real estate to utilities and health care to food services

Abu Dhabi Investment Office Invest in Israel

Abu Dhabi Investment Office and Invest in Israel outline upcoming areas of collaboration

The collaboration will focus on innovation and technology

Saudi Arabia delays showcase investment conference until January

It will now be held on January 26-28