Gold holds decline as bond yields climb on Fed rate-hike bets

Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021

UAE’s Aldar to reduce carbon emissions by 80,000 tons annually across assets

It will enable Aldar to save approximately Dhs40m per year in energy consumption costs

Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

Covid-19: UAE reports 2,902 cases, 1,285 recoveries

The nationwide case count has risen to 813,931

Cafu Sirajpower Creek renewable energy

Cafu partners with SirajPower for on-demand transportable lithium-ion batteries in UAE

The battery storage systems used by Hypr will be developed by SirajPower, a Creek portfolio company with over 200 solar sites across the UAE

Tradeling signs MoU with Hutchison Ports Ajman

As part of Tradeling’s offering, sellers from across the world will be able to ship and store their products cost-free at the company’s warehouses

Fintech platform PayBy partners with Asfartrip.com

The launch of PayBy payment solutions on online travel platform Asfartrip is a step towards making cashless travel more inclusive

Microsoft activision

Microsoft to acquire Activision Blizzard in $69bn cash deal

Microsoft is offering a 45 per cent premium to Activision’s last closing price in New York

Aldar properties

Aldar to develop Dhs1.8bn The Sustainable City – Yas Island project in Abu Dhabi

The community will span an area of 397,000 sqm in Yas North, with construction scheduled to commence in Q4 2022

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

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Dubai issues 72,152 new business licences in 2021

A total of 59 per cent of these were professional licences, while 41 per cent were commercial

Emirates Dubai USA

Dubai’s Emirates suspends flights to nine US destinations

The airline cited operational concerns with the planned deployment of 5G mobile network services at certain airports in the US

Revealed: McAfee Enterprise, FireEye merger named Trellix

In an exclusive interview with Gulf Business, Adam Philpott, McAfee’s chief revenue officer, discusses the company’s strategies and how they will address customers’ needs

Kuwait discusses steps to lower emissions as temperatures rise

Kuwait has pledged to reduce greenhouse gas emissions 7.4 per cent by 2035

Covid-19 update: UAE reports 2,792 cases, 1,166 recoveries

The nationwide case count has risen to 811,029

Abu Dhabi’s Masdar to explore renewable energy export from Indonesia to Singapore

Singapore is looking to import as much as 4 GW of low-carbon electricity by 2035

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Financial services companies may be vulnerable to ransomware for another two years

Organisations in the sector need an additional $2.61m to tackle the vulnerability lag caused by Covid-led digital transformation, says Veritas

Dubai: DP World’s new platform to facilitate paperless trade

Cargoes Customs provides an intelligence-enabled, unified customs operating model that optimises border management and revenue collection activities

SAP names Emmanuel Raptopoulos regional president of EMEA South

Raptopoulos succeeds Claudio Muruzabal, who has been promoted to president of SAP’s global Cloud Success Services organisation

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Majority of organisations face gaps in their zero-trust implementations: survey

The survey also states that organisations struggle to consistently authenticate users and devices

HSBC reclaims bond crown in Mideast

Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year

Gold steady as investors weigh policy outlook, Omicron risks

Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021

Crude markets run hot in Asia as Omicron fails to dent demand

Brent futures have soared in the opening weeks of 2022, reflecting the underlying bullishness on display in the physical markets

Yasser Abdul Malak, Chairman & CEO of Nestle Middle East & North Africa

Yasser Abdul Malak appointed as MENA chairman and CEO of Nestlé

Nestlé MENA employs over 15,000 people in 19 countries, operates 25 factories , and achieved annual sales of nearly $3bn in 2020

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Worldwide PC shipments declined 5% in last quarter of 2021: Gartner

The top three vendors in the worldwide PC market remained unchanged in the fourth quarter of 2021, with Lenovo maintaining the top spot in shipments

Emirates Burj Khalifa Dubai

Video: Emirates releases behind-the-scenes footage of latest Burj Khalifa promo in Dubai

The flypast involved the A380 flying at an altitude of only 2,700 feet, the exact height of Burj Khalifa, at a very low speed of 145 knots

IBM appoints Wael Abdoush as GM for Gulf, Levant and Pakistan

Based in Dubai, Abdoush will oversee the company’s overall business operations, in addition to his current role as the technology leader

Abu Dhabi’s Taqa and EWEC price first green bond linked to solar PV plant

The $700m placement is the largest green bond issued in the region

UAE reports 2,989 Covid-19 cases, 4 deaths

The nationwide case count has risen to 808,237

Saudi oil minister says he’s unconcerned about rise in prices

Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel