DEWA secure financing for Hassyan desalination plant

DEWA, ACWA Power secure financing for Hassyan desalination plant

The utility giant seeks to produce 100 per cent of desalinated water with clean energy and waste heat by 2030

HUB71 WELCOMES 25 STARTUPS FROM 11 COUNTRIES AS PART OF ITS 14TH COHORT image hub71

Abu Dhabi’s Hub71 selects startups from 11 countries for 14th cohort

Eighty-one per cent of the startups in the latest cohort are headquartered outside the UAE

Arada awards Dhs615m contracts for 565 housing units

Sharjah’s Arada awards Dhs615m contracts for 565 housing units

Construction on the project will begin immediately and all homes will be completed and handed over by the end of 2025

Masdar and EGA form alliance to work together on aluminium decarbonisation

Masdar, EGA join forces to drive aluminium decarbonisation

As part of the agreement, Masdar and EGA will collaborate on several fronts, including exploring joint development of renewable energy projects

Dubai-based Telegram to hit 1 billion users, says founder

The popular Telegram messaging app, which is headquartered in Dubai, currently has over 900 million users

Dubai SME incentives, services hit record Dhs233.4m in 2023

Dubai SME boosts growth with over Dhs233m worth of support in 2023

The organisation facilitated the establishment of 2,937 new businesses and provided support services to 1,186 Emirati entrepreneurs

Dar Al Arkan, ROSHN partner on SAR215m project in Sedra community

Dar Al Arkan, ROSHN ink deal on SAR215m project in Sedra community

Spanning 56,280 square metres, the project featuring villas will seamlessly blend modern amenities with Saudi heritage

dubai airport

Dubai Airports disruptions: flyDubai, Air Arabia flights cancelled, Emirates suspends checkin

The airport faces operational challenges amidst unprecedented weather conditions, disrupting flights and transportation services

Egypt’s finance minister says cutting inflation is priority

Egypt’s finance minister says cutting inflation is priority

Inflation dipped to 33.3 per cent in March from a record 38.0 per cent in September

UAE's FTA introduces Taxpayer Charter, lists rights, obligations image FTA

UAE’s FTA introduces Taxpayer Charter, lists rights, obligations

The introduction of the Taxpayer Charter is part of the FTA’s broader efforts to enhance taxpayer awareness about the UAE tax system

al futtaim car rain

UAE weather alert: Work from home extended for schools, public and private sector workers

The directive aims to prioritise the well-being of employees and residents in light of the prevailing weather conditions

Dubai airport

Dubai Airports diverts inbound flights, RTA suspends intercity bus service

The airport urged passengers to check directly with their airlines for the latest flight information and advised allowing extra travel time to the airport

Kuwait announces four-day break for New Year 2023-24 GettyImages-913894628

Sheikh Ahmad Abdullah al-Ahmad al-Sabah is Kuwait’s new prime minister

Kuwait’s emir tasked the new prime minister to form a government

FIVE LUXE JBR

FIVE Hotel Group eyes 2025 IPO, keeps watch on Middle East tensions

FIVE Hotel Group could be valued at $2.5-$3bn as per internal estimates

Emirates, flydubai issue alert as unstable weather delays flights at Dubai Airport

Travellers have been cautioned about potential delays on the road and advised to plan for extra travel time to reach the airport

spinneys IPO to see 900 million shares listed image courtesy spinneys

Spinneys IPO: Food retailer to list 25% of shares on DFM

The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30

Dubai International heads airport connectivity for region finds ACI report Image Dubai Airports

Here’s how Dubai stacks up among world’s busiest airports

Dubai International Airport has ranked first in the world for international passenger numbers and second in the world for overall traveller figures

Microsoft Invests $1.5 Billion in Abu Dhabi’s G42 Image supplied

Microsoft invests $1.5bn in UAE’s G42 to power AI adoption

Both companies will support the establishment of a $1bn fund for developers to help drive innovation and competitiveness in the UAE and the broader region

uae weather - school - rain

UAE schools shift to remote learning, MOHRE issues advisory as heavy rainfall forecasted

The decision to implement remote education has been announced due to the expected adverse weather conditions, aiming to ensure the safety of students and teaching staff

'AI can serve the greater good', says Amazon CTO Dr Werner Vogels Image Supplied

‘AI can serve the greater good’, says Amazon CTO Dr Werner Vogels

Dr Vogels shares his optimism on how AI can be empowered to uplift economies, businesses and communities

Saudi Manpower Solutions Company gets CMA nod to list IPO on Tadawul Getty Images

Saudi Fisheries ‘relieves’ CEO of duties

In a statement, the company said that ‎Awad Farouk Al-Desouki is no longer CEO at Saudi Fisheries, effective from 15 April 2024

Siobhan Bryon of Finastra on the rise of digital and personalised services in the regional banking sector Image Supplied

Digital, personalised services are impacting regional banking

AI can support more seamless experiences with BaaS and embedded finance, such as faster and more accurate credit decisions and fraud detection

Apple

Apple loses top phonemaker spot to Samsung as iPhone shipments drop

The drop underscores the challenges facing the US firm in China, its third biggest market

Brent oil price forecast Bloomberg GettyImages-1384536093

Oil prices fall but further escalation could see rates at $100 a barrel

Analysts said prolonged tensions through the second quarter this year have largely priced oil at $85-$90 per barrel

airline - middle east

Major airline travel disruption in the Middle East

Airlines traveling between Europe and Asia will be restricted to two viable alternative routes

New 3-lane Al Khaleej Street Tunnel project to ease traffic flow Image RTA

Dubai: New Al Khaleej Street Tunnel project to ease traffic, cut travel time

The state-of-the-art tunnel will span 1,650 metres and is designed to accommodate up to 12,000 vehicles per hour in both directions

World leaders need to avoid protectionism, said International Monetary Fund chief Kristalina Georgieva Image courtesy IMF

IMF chief urges global policymakers to avoid protectionism

Addressing the Atlantic Council, Georgieva highlighted the pandemic’s lingering effects, including a staggering $3.3tn in global output losses since 2020, with vulnerable nations disproportionately impacted

Nike reveals USATF Olympic kit image Courtesy: Nike

Athletes criticise Nike for ‘skimpy’ US track team kit

Nike’s track and field kits for men and women include nearly 50 apparel pieces and 12 competition styles for specific events, the brand said when launching the outfits

Bitcoin drops 7.9% to $61,842

Bitcoin drops 7.9% to $61,842

The world’s biggest and best-known cryptocurrency is down 16.2 per cent from the year’s high of $73,794 on March 14

How drones and AI are transforming law enforcement interview with Russell Hammad of Zenith Technologies

How drones and AI are transforming law enforcement

Zenith Technologies CEO and founder Russell Hammad shares how drones and AI are helping law enforcement agencies improve operational efficiency