UAE: Zand launches institutional-grade digital asset custody services

UAE: Zand launches institutional-grade digital asset custody service

The service is tailored for corporate and institutional clients, providing top-tier security by storing private keys in onshore UAE hardware security modules

Saudi Arabia’s PIF, Ardian close acquisition of 15% stake in Heathrow Airport

Saudi Arabia’s PIF acquires 15% stake in Heathrow Airport

Ardian and PIF will acquire 22.6 per cent and 15 per cent, respectively, of FGP Topco for a total of $4.12bn

Riyadh Metro opens green, red lines as network nears full completion

Riyadh Metro’s red and green lines will open on December 15, bringing it one step closer to its full rollout

5.2 million passengers to travel through DXB between Dec 13-31

5.2 million passengers to travel through DXB between Dec 13-31

The weekend from December 20-2 will see peak activity, with an estimated 880,000 guests passing through DXB

HUAWEI launches new foldable, nova 13 series, MatePad

With prices starting at Dhs7,199, the Mate X6 is now available for preorder. Customers will also benefit from add-ons worth Dhs26,98 when preordering

HONOR launches MagicBook Art 14 in the UAE

New: HONOR launches MagicBook Art 14 in the UAE

The MagicBook Art 14 will be available for Dhs5,999 in the UAE starting December 13

Crown Prince of Abu Dhabi Khaled bin Mohamed bin Zayed inaugurates CMA Terminals Khalifa Port image courtesy wam

Abu Dhabi Crown Prince inaugurates CMA Terminals Khalifa Port

With the addition of CMA Terminals Khalifa Port, the facility’s annual container capacity has surged by 23 per cent, bringing the total to almost 10 million TEUs

Meet ARIF, ADNOC Distribution's new investor relations chatbot

Meet ARIF, ADNOC Distribution’s new investor relations chatbot

The chatbot ensures that users receive reliable and accurate information, available 24/7 to accommodate a global investor base

Carrefour redefines convenience with 24/7 delivery service in

Carrefour launches 24/7 express delivery service in Dubai

The supermarket retailer initially launched the service in Dubai Marina and has expanded the service to include Central Dubai, covering Downtown and Business Bay

AlpInvest, Mubadala establish new portfolio senior fund financing partnership

AlpInvest, Mubadala form new fund financing partnership

The strategic partnership will exclusively focus on portfolio senior fund financing to private equity funds, supporting growing demand for liquidity and capital solutions within private markets

ChatGPT

ChatGPT experiences global outage as OpenAI works on fix

This latest incident follows outages reported earlier in the week on Meta’s Instagram and WhatsApp platforms.

Parkin, AWQAF Dubai to build new parking facility in Al Sabkha District

Parkin, AWQAF Dubai to build new parking facility in Al Sabkha District

The construction of the parking facility is expected to commence in the second half of 2025, subject to planning approval

UAE finalises pact to boost trade with Eurasian Economic Union

UAE finalises pact to boost trade with Eurasian Economic Union

The trade pact will encompass the five members of the EAEU bloc, made up of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia

Global airlines forecast $1tn 2025 revenue despite plane shortage

Global airlines forecast $1tn 2025 revenue despite plane shortage

IATA projected an industry-wide net profit of $36.6bn in 2025, up from the $31.5bn expected in 2024

Josine Heijmans-Senior Vice President-dmg events shares insights on the impact of events such as Big 5 on the construction and infrastructure sectors in the region

How Big 5 has impacted the future of construction in the region

As the largest and most influential gathering of construction professionals in the region, Big 5 Global has been fostering collaboration to shape the future of sector, says dmg Events’ Josine Heijmans

Hub71 launches Angel Investor Support Package at ADFW 2024 Image HUb71 for illustrative purposes

Hub71 launches Dhs150,000 angel investor support package

Through the Angel Investor Support Package, Hub71 is positioning Abu Dhabi as a global leader in technology and innovation

PIF

Saudi Arabia’s PIF launches new hotel management company

Adeera seeks to introduce a portfolio of distinctive Saudi hotel brands serving various segments, from mid-range to ultra-luxury, for different categories of visitors

crypto currency

UAE’s newest stablecoin gets nod from Central Bank

Dubbed ‘AE Coin’, the cryptocurrency is positioning itself as a stablecoin that is fully backed by reserves held within the UAE

How agentic AI will boost the digital economy across the Middle East

How agentic AI will boost the digital economy across the Middle East

Agentic AI systems are being explored for urban management as part of smart city projects such as Neom, while banks and healthcare institutions are examining its use for risk assessment and adaptive treatment plans

Unpacking the Middle East job market in 2024 with bayt.com's Dina Tawfik

Unpacking the Middle East job market with bayt.com’s Dina Tawfik

The VP of Growth at bayt.com offers insights into current trends, the role of AI in recruitment, and the evolving skill sets that today’s leaders must embrace

Mark Phoenix on how Sankari is redefining luxury real estate

Mark Phoenix on how Sankari is redefining luxury real estate

The CEO explains that the developer has prioritised design over the past 18 months, and it is now transitioning its focus to construction

Apple launches tap to pay in UAE image courtesy apple.com

Apple launches Tap to Pay on iPhone in the UAE

Whether you’re a retailer looking to improve the checkout experience, or a service provider aiming to simplify payments, Apple’s latest solution removes barriers to adoption

How family businesses can preserve wealth, create legacies

How family businesses can preserve wealth, create legacies

As GCC family businesses transition to second and third generations, seamless leadership changes are essential for business continuity

Delivery Hero’s Talabat to divest 15% stake via IPO

Talabat plunges over 7.5% in Dubai trading debut after $2bn IPO

The company’s shares opened at Dhs1.70, higher than the price at which Germany’s Delivery Hero sold 4.7 billion shares last month

US private credit firm Golub Capital to set up base in Abu Dhabi

US private credit firm Golub Capital to set up base in Abu Dhabi

Golub, which had more than $70bn of capital under management as of October 1, has received preliminary approval for a licence to operate out of the Abu Dhabi Global Market

Landmark Group Unveils Region’s First Textile Recycling Facility in Ceremony Inaugurated by UAE Minister of Economy_2

Landmark Group unveils textile recycling facility in Dubai

The new recycling facility is just the beginning of a larger movement towards sustainability in the region’s fashion and retail industries

Parsons wins contract for RCRC Road Program Phase in Riyadh Image supplied

Parsons wins $53m 3-year contract for roads programme in Riyadh

Parsons currently has more than 50 active projects in Saudi Arabia

https://gulfbusiness.com/wp-content/uploads/2024/02/15914-McLarenArturaSpider.jpg

Abu Dhabi’s CYVN Holdings to buy McLaren’s automotive business, stake in racing business

CYVN Holdings and Mumtalakat are committed to optimising McLaren’s portfolio to ensure sustainable long-term financial returns, positioning the company for continued success

Trump, Dar Global to build more towers in Saudi Arabia

Trump Organization doubles down on Saudi property market

The latest developments come ahead of the formal launch of another Trump Tower this week in Jeddah, Saudi Arabia’s second-largest city

Global trade expected to hit $33tn in 2024- UNCTAD report

Global trade expected to hit $33tn in 2024: UNCTAD

Developed economies led the charge in the third quarter, posting a 3 per cent rise in imports and 2 per cent growth in exports, indicating their stronger position in the global trade landscape