Abu Dhabi launches new taxi booking service with Yango

Abu Dhabi launches taxi booking service with Yango

The service is designed to connect passengers with a range of vehicles through the Yango mobile app, which offers real-time geolocation to facilitate faster ride bookings

Saudi Arabia debuts ETF tracking Hong Kong stocks

Saudi Arabia approves first ETFs tracking Hong Kong-listed equities

Saudi Arabia’s markets regulator approved AlBilad Investment Company’s request to offer “Albilad CSOP MSCI Hong Kong China Equity ETF

UAE, Australia reach trade deal to boost exports, investment

UAE, Australia reach trade deal to boost exports, investment

The trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year

Etihad Rail, Trojan General Contracting seal haulage services deal

Etihad Rail, Trojan General Contracting seal haulage services deal

The rail operator will transport aggregates from Trojan’s quarries in Ras Al Khaimah and Fujairah to the Industrial City of Abu Dhabi and Dubai Industrial City

MySyara partners with Mobil, launches UAE's first cloud garage network

MySyara partners with Mobil, launches UAE’s first cloud garage network

The company aims to set up a network of 20 cloud garages across UAE by the end of 2025

Meraas awards Dhs850m contract for Bvlgari Lighthouse construction

Meraas awards Dhs850m construction contract for Bvlgari Lighthouse

Scheduled for completion in Q2 2027, the Bvlgari Lighthouse will offer uninterrupted views of the Arabian Gulf and Dubai’s iconic skyline

Saudi Ma’aden plans to sell aluminium units to Bahrain’s Alba

Saudi Ma’aden plans to sell aluminium units to Bahrain’s Alba

The potential deal is set to reshape the aluminium market, positioning the merged entity as one of the largest aluminium producers worldwide

Air Arabia Abu Dhabi, Morafiq partner to offer home check-in service

Air Arabia Abu Dhabi introduces home check-in service

The service can be scheduled from 24 hours to five hours before a flight’s departure

Emirates NBD launches zero-fee UAE equity trading

Emirates NBD launches zero-fee UAE equity trading

The move is part of the bank’s broader strategy to support the growth of domestic stocks and drive economic expansion in the UAE

Hotel Indigo Jabal Akhdar Resort opens in Oman; the brand's first in the region

Hotel Indigo Jabal Akhdar Resort opens in Oman

Part of the IHG Hotels & Resorts family, the hotel features 173 rooms, suites, and chalets, each designed to reflect local themes such as damask roses, pomegranates and the region’s famous indigo plants

Saudi Aramco boosts stake in MidOcean, fund new stake in Peru LNG

Saudi Aramco boosts stake in MidOcean, fund new stake in Peru LNG

Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade

Revealed: What the ultra-luxe Baccarat Hotel Dubai has on offer

Revealed: What the ultra-luxe Baccarat Hotel Dubai will offer

Inspired by the famed Baccarat crystal, the hotel’s architecture features shimmering glass towers that complement Downtown Dubai’s skyline

Image credit: GITEX GLOBAL

GITEX GLOBAL 2024: Two mega venues, one massive tech event

The world’s largest technology exhibition, GITEX GLOBAL, returns for its 44th edition, bringing together tech innovators, start-ups, and investors from across the globe

Switch Foods

How Switch Foods is redefining plant-based eating in the UAE

Switch Foods is transforming the plant-based industry with innovative products, local production, and a commitment to healthier, more sustainable food choices

UAE central bank fines local bank with Dhs5m

UAE fines foreign bank Dhs5m for money laundering breaches

The central bank directed the foreign bank to present the regulator’s action to its board of directors

British ministers head to the GCC for talks on new trade deal

British ministers head to the GCC for talks on new trade deal

A free trade deal with the GCC region is expected to boost the UK economy by $2.10bn (GBP1.6bn) over the long run

AI

AI spending spree: Big tech’s quarterly results draws scrutiny

The heightened scrutiny surrounding Big Tech’s AI investments highlights the need for transparency and ethical considerations in AI development

Italy’s Saipem secures $4bn contract from QatarEnergy

Italy’s Saipem secures $4bn contract from QatarEnergy

The offshore EPC contract will help boost production at the North Field offshore natural gas field, which lies off the northeastern coast of Qatar

ADX implements insiders' trading ban ahead of Q3 financial disclosures

ADX implements insider trading ban ahead of Q3 financial disclosures

ADX stated that the decision has been taken in accordance with Article No (14) of the Securities and Commodities Authority (SCA) Board of Directors’ Decision No (2/R) of 2001

Saudi Ma’aden acquires 25.1% stake in Ma’aden JV for $1.1bn

Saudi Ma’aden acquires 25.1% stake in Ma’aden JV for $1.1bn

The deal, which is expected to be completed in Q1 2025, is subject to regulatory and corporate approvals

Abu Dhabi's TAQA Group unveils new brand identity

TAQA Group unveils new brand identity, consolidates operations

The integration aims to scale TAQA’s customer-facing business, enabling the company to expand its services, introduce new products, and explore growth opportunities both locally and abroad

SFD signs loan agreement with dominica

Saudi Fund for Development signs first loan agreement with Dominica

Since its inception, the SFD has supported over 800 projects across 100 countries, with a total funding of $20bn

Abu Dhabi launches green bus service

Abu Dhabi launches green bus service

This launch is part of a broader effort to transform Abu Dhabi Island’s public transport infrastructure

Omniyat unveils Beyond, new waterfront project

Omniyat Group unveils Beyond, a new development company

The group unveiled an 11 million square feet project along Jumeirah’s coastline in collaboration with Dubai Maritime City, featuring Beyond’s upcoming developments

Dubai opens 2 major bridges to ease traffic flow

Dubai just opened two huge bridges — here’s how they’ll change your commute

The Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project is part of RTA’s broader master plan to develop key east-west traffic corridors and arterial roads

Danish Ahmed CEO Founder Healthtrip

UK-based wellness platform Healthtrip expands to Middle East

The platform has collaborations with over 1,500 hospitals and wellness centres across the US, UK, Germany, UAE, Saudi Arabia, Thailand, India, Singapore and Egypt

Acwa power solar panels

AMEA Power to develop Africa’s largest solar PV project

The projects will bring AMEA Power’s total capacity in Egypt to 2,000MW of solar and wind power, accompanied by 900MWh of battery energy storage systems

Yas Island Airport Lounge unveiled at Zayed International Airport

Yas Island debuts arrival lounge at Zayed International Airport; details here

Yas Island Lounge will welcome visitors headed to the destination with all the information they need to start planning their adventure

'HONOR the Innovation' showcases the new AI-powered Magic V3

‘HONOR the Innovation’ showcases the new AI-powered Magic V3

With the Magic V3, HONOR is staking its claim as a leader in foldable technology — innovative, versatile and ahead of the curve

Big- data - Cloudera

Why data must be refined like oil to drive business value: Cloudera CEO

Charles Sansbury tells Gulf Business that data like oil requires substantial effort and infrastructure to unlock its full potential