Samsung Electronics chairman, Lee Kun-hee, dies at 78

The reins are now set to pass to his only son Jay Y. Lee, who’s been the conglomerate’s de facto leader since his father’s hospitalisation in 2014

Dubai Silicon Oasis Authority signs agreement with International Free Zone Authority

According to the agreement, new and existing IFZA companies can work from the integrated free zone technology park

Etisalat

UAE’s Etisalat recognised as world’s fastest mobile network

Previously, Etisalat won the Speedtest Awards for fastest mobile network worldwide in Q1-Q2 and Q2-Q3 2020

Saudia 3

Saudia to resume flights to 13 more destinations in Nov, including cities in India

The additional routes will increase Saudia’s total number of international destinations to 33

UAE revamps oversight bodies to boost economy’s competitiveness

Responsibilities of the Securities and Commodities Authority will be limited to regulating and overseeing local financial markets

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Dubai

Sheikh Hamdan unveils new Dhs500m stimulus package for Dubai

The overall value of economic support provided by the emirate in 2020 has risen to Dhs6.8bn

Why rebuilding trust with travellers is key to reviving the hospitality sector

In the wake of the Covid-19 pandemic, hospitality operators have a strong opportunity to deliver an unmatched experience to customers

Central Banks want digital currencies that don’t nudge out cash

Digital money will have to co-exist with cash and other forms of tender

Covid-19 update: UAE records highest daily spike in infections with 1,578 new cases

The second highest daily rise was reported on October 17 and 21

A quarter of firms in MEA face dire cybersecurity skills gap

Survey by Sophos reveals the impact of ransomware on organisations

GCC countries see sharp spike in financial malware in H1 2020: report

UAE sees 42.5% increase in financial malware in the first half of the year

Dubai’s Emirates to operate A380 to Amman from November 4

Customers can fly the Emirates A380 from Dubai to Amman thrice a week

Radisson hotel group launches new brand; signs 10 new hotels across EMEA in Q3 2020

The new signings build on the 15 hotel signings which were announced in Q2 2020

JLT Dubai

Bull&Roo to open new 3-level F&B concept in Dubai’s JLT

The new retail and F&B concept will open in Jumeirah Lakes Towers Central Park by Q2 2021

UAE telco Etisalat reports 6% rise in net profit for Q3 2020

Etisalat’s consolidated revenue for Q3 2020 amounted to Dhs13bn

Tabreed

UAE’s Tabreed issues new $500m 7-year bond

The bond has been rated Baa3 by Moody’s and BBB by Fitch

Saudi tycoons expand fortune as grocery chain soars after IPO

Members of the family own a 67 per cent stake worth about $2.2bn in BinDawood Holding Co

Saudi Arabia Riyadh

Saudi Arabia lays out ambitious national AI strategy

Saudi Arabia lays out ambitious national AI strategy

Finastra annual hackathon now open to MENA developers

Prizes include access to Finastra’s FusionStore app marketplace

GCC Covid-19 update: UAE registers 1,538 cases; 451 infections confirmed in Oman

The death toll in the UAE has risen to 472

Habtoor Hotel Dubai Kosher Food Elli's

Al Habtoor hotels offer 24×7 kosher in-room dining in Dubai

Guests will be able to order from an OU Certified Kosher Room Service Menu throughout the day

Abu Dhabi department of energy updates list of violations, fines for licensed entities

The updated roster has over 70 violations with fines ranging from Dhs2,000 through to Dhs10m

Fitbit pledges support for Dubai Fitness Challenge

Fitbit returns as Official Health and Wellness Partner for DFC for the second year

Emirates NBD

Dubai’s Emirates NBD records 55% net profit dip for first nine months of 2020

Total income for the first nine months of 2020 amounted to Dhs18.27bn

Mohammed bin Rashid Aerospace Hub Dubai South

Private jet movement at VIP Terminal in Dubai South up 93% y-on-y in Q3 2020

Aviation represents over 25 per cent of Dubai’s GDP

Kuwait parliament assembly

Kuwait’s parliament passes law to cut expat numbers

The law does not include the previously proposed quota system for expat nationalities

Abu Dhabi investment firm to form digital bank with $545m capital

First Abu Dhabi Bank will own 10 per cent of the digital bank

UAE Israel

UAE delegation led by Obaid Humaid Al Tayer signs landmark agreements with Israel

The UAE, US and Israel also established a $3bn Abraham Fund to help stimulate private sector-led investments across the region

GCC Covid-19 update: UAE reports 1,077 cases; 886 infections confirmed in Kuwait

The death toll in the UAE has risen to 470

Bridging the cybersecurity skills gap with in-house training

Three-fifths of firms struggle with recruiting, hiring, and retaining cybersecurity talent