Zand Bank, MANTRA partner to streamline real-world asset tokenisation

The digital bank and MANTRA will develop frameworks for RWA tokenisation that comply with regulations set by the Dubai’s VARA

UAE to open 6,000 rest stations for delivery riders

UAE to open 6,000 air-conditioned delivery rider rest areas

Delivery bikers will be given interactive maps to help them easily locate and access the rest stations during the midday break

Abu Dhabi’s DoH partners with ADIO and Etihad Airways to boost pharma capabilities

Abu Dhabi’s DoH partners with ADIO, Etihad Airways to boost pharma capabilities

The government-backed entities seek to leverage the emirate’s strategic location, lucrative investment opportunities and advanced logistics capabilities

Crown Prince Mohammed bin Salman joins long guest list for G7 summit

Saudi Arabia’s Crown Prince Mohammed bin Salman joins long guest list for G7 summit

The unusually long guest list reflects Italy’s desire to broaden the horizons of the G7, a club of wealthy democracies

Aramco to raise $11.2bn from stock offering

Saudi Aramco set to raise $11.2bn after selling shares at lower end of expectations

The oil behemoth’s shares were priced at $7.27 (SAR27.25), near the bottom of a SAR26.7 to SAR29 range used in marketing the sale

Cognizant

Transforming air travel: Inside Cognizant’s partnership with Riyadh Airports

Cognizant’s GM in Saudi Arabia, Tarek Zarg El Aioun, discusses the company’s strategic partnerships and digital innovations transforming the aviation sector and beyond

UN CLIMATE CONFERENCE - BONN, GERMANY

Bonn Climate Conference 2024: Countries’ plans not yet aligned with tripling renewables capacity goal

The Bonn Climate Conference is discussing climate finance, renewable energy commitments as well as nationally determined contributions

FMCG brands

From healthcare to food: Which are the most ‘considered’ brands in the UAE?

Almarai and Dettol top YouGov’s 2024 FMCG Rankings in the UAE, leading the food, beverage, and personal care sectors with the highest consumer consideration scores

UAE designates 9 globally significant key biodiversity areas

UAE designates 9 globally significant key biodiversity areas

Key biodiversity areas are vital for maintaining ecological stability, supporting a safe environment for various species and providing essential natural resources

Sinopec reportedly secures $1.1bn contract to construct gas pipelines for Aramco

Sinopec reportedly secures $1.1bn contract to construct gas pipelines for Aramco

The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia

Mubadala increase investments

Mubadala-backed Zamp to buy Starbucks brand rights, stores in Brazil

Zamp said the deal requires approval from Brazil’s antitrust watchdog CADE and the court overseeing SouthRock’s bankruptcy

Saudi Arabia set to raise over $11.2bn from Aramco stock offering

Saudi Arabia set to raise over $11.2bn from Aramco stock offering

The state-owned energy firm’s bankers have told investors it plans to price the shares at $7.27 (SAR27.25) each

Saudia taps Airbus and Boeing for wide-body jets

Saudia turns to Airbus, Boeing wide-body jets amid single-aisle shortage

The state-owned group placed an order for 105 narrowbody Airbus planes last month but has a requirement for 180

hijri islamic new year

Moon sighting: Eid Al Adha 2024 dates announced by Saudi Arabia

Saudi Arabia’s Supreme Court had called upon Muslims in the kingdom to sight the crescent Moon on Thursday evening

XPANSE

A sneak peek into Xpanse: World’s first forum for exponential technologies

Dr Zina Jarrahi Cinker, director general of MATTER, reveals key details about one of the biggest events of the year set to come to Abu Dhabi in November

Saudi oil minister

OPEC+ could revise oil supply deal if needed, ministers say

OPEC+ is currently cutting production by about 5.7 per cent of global demand to bolster the market

Saudi Arabia joins China and UAE in mBridge project

Saudi Arabia joins central bank digital currency project mBridge

The initiative was unveiled in 2021 to pilot cross-border payments in digital currencies issued by central banks

Hajj

Saudi Arabia warns of a hot Hajj this year with temperatures reaching 48 degrees C

The weather authority has implemented a comprehensive plan to monitor weather conditions around the clock across the holy sites during the Hajj

Alef’s $515m IPO oversubscribed 39 times

Abu Dhabi edtech firm Alef’s IPO draws $20bn in orders

The shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital

Emiratisation UAE

UAE government records revenues of $18.03bn in 2023

The figures were part of the consolidated financial statement published by the UAE’s Ministry of Finance

UAE-WEATHER-rain

UAE weather: Sporadic rain showers to bring brief respite from summer temperatures

The NCM has forecast convective cloud activity over the weekend which could bring intermittent rainfall to parts of the UAE

Etihad, Tawazun, GE partner to advance flight safety

Abu Dhabi’s Etihad, China Eastern form joint venture to boost growth

The commercial venture will be implemented in early 2025 when the two carriers secure governmental approvals

Indian firms top Q1 2024 list of new joinees at Dubai Chamber of Commerce

Indian firms top Q1 2024 list of new joinees at Dubai Chamber of Commerce

Indian businesses top the list of nationalities of new companies joining Dubai Chamber of Commerce during Q1 2024 with 4,351 new members

Central Bank of UAE launches multi-CBDC platform for cross-border payments

Central Bank of UAE launches multi-CBDC platform for cross-border payments

The mBridge platform is an initiative under the CBUAE’s Financial Infrastructure Transformation programme that seeks to accelerate the digital transformation of the UAE’s financial services sector

In numbers: Saudi Arabia poised for EV boom, reveals survey

In numbers: Saudi Arabia poised for EV boom, reveals survey

Saudi Arabia has significant growth potential for battery-electric vehicles, with 71 per cent of consumers “very” or “moderately” likely to purchase a BEV this year, the AlixPartners study showed

UAE seeks deeper trade, investment ties with Malaysia

UAE, Malaysia seek deeper ties after trade reached $4.7bn in 2023

The trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds

Mashreq shores up capital with tightly priced $500m bond deal Mashreq -Image-WAM

Mashreq shores up capital with tightly priced $500m bond deal

The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction

world environment day

Purposeful profit: 5 strategies for a sustainable business on World Environment Day

On World Environment Day 2024, EMIR’s Hanan Sakr makes a case for incorporating green strategies in businesses as an economic imperative

Aramco in LNG talks with US firms Tellurian, NextDecade

Saudi Aramco holding LNG talks with US firms Tellurian, NextDecade

The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030

Qatar’s QIA to buy 10% stake in China asset manager

Qatar sovereign fund agrees to buy 10% stake in China asset manager

The potential deal would make the fund the third-biggest shareholder in ChinaAMC, which manages more than $248m (RMB1.8tn) in assets