UAE to set up $10bn investment fund in Turkey

The new fund will focus on strategic investments across sectors including logistics, energy, health and food

Dubai’s Shuaa Capital plans two listings

Shuaa restructured the company at the start of this year by completing a Dhs1.13bn debt buyout

Dubai Shopping Malls

Crunch time for UAE retailers as holiday shopping days approach

Across every demographic, people have become far more sophisticated in their use of applications over the last 18 months and, as a result, they’ve come to expect a higher level of online experience

Work 2022: Rewriting the rules

Business leaders now recognise the positive impact flexible work can have on everything from employee engagement and productivity to work-life balance

IT spending in Middle East and North Africa to grow by 2.6% in 2022: Gartner

Spending growth will be moderate compared to 2021, but will exceed pre-pandemic level

UAE reports 73 Covid-19 cases, 90 recoveries

The nationwide case count has risen to 741,643

OutSystems announces new initiatives to address skill gap challenge

The software development company announces three notable partnerships and expanded efforts to close the skills gap in development and technology

Abu Dhabi UAE government

UAE says ‘no logic’ to OPEC+ increasing oil production faster

The Organization of Petroleum Exporting Countries and its partners next meet on December 2

Top three predictions for workplace collaboration in 2022

Businesses looking to navigate the year ahead will need to understand, and embrace this fundamental shift to successfully balance technology and transformation

Oil steadies as global release of strategic reserves underwhelms

Futures in New York traded above $78 a barrel after rising 2.3 per cent on Tuesday

Revealed: Winners at the 2021 Gulf Business Awards

The awards lauded luminaries from across the region’s business ecosystem

UAE reports 70 Covid-19 cases, 86 recoveries

The nationwide case count has risen to 741,570

WenChao Group to set up Dhs735m food manufacturing facility in Dubai

Construction of the more than 950,000 sqft facility in Dubai Industrial City will start in the first half of 2022

Dubai’s DXB to welcome 1.8 million passengers from Nov 25 until Dec 5

December 4 is expected to be the busiest day during this period

Gartner forecasts worldwide IT spending to exceed $4 trillion in 2022

Enterprise software is expected to have the highest growth in 2022, driven by infrastructure software spending continuing to outpace application software spending

Shanghai

UAE’s First Abu Dhabi Bank to open first mainland China branch

FAB will offer both RMB and foreign currency business onshore in China through its new branch in Shanghai

Bahrain says ‘Iran-linked terrorists’ arrested for plotting attack

Weapons and explosives from Iran were seized from the accused who are “associated with terrorist groups”, officials said

Dubai

State-owned Bank Syariah Indonesia to open representative office in Dubai in 2022

It will work across three key business areas: global sukuk, remittance, and trade finance

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

Dubai’s DAFZA, Export Bahrain sign agreement

The MoU seeks to encourage companies across the two countries to expand joint trade relations and enhance cooperation

Abu Dhabi’s ADNOC Distribution launches next-gen retail concept

The first new generation store has been opened at ADNOC’s Sheikh Khalifa Energy Complex

Hands-on review: Huawei MateBook 14s

Huawei MateBook 14s in Spruce Green and Space Grey will be available in the UAE from November 25

Beyond Limits inaugurates regional headquarters in the UAE

The US-based company expands to Europe, Middle East and Africa with headquarters in Dubai Internet City

Over 60% of UAE consumers already holiday shopping to avoid supply chain issues

New Oracle survey finds UAE consumers on edge over high prices, out-of-stock products, and delivery delays

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi offers 50% off on flights to all destinations

The airline is doing so to commemorate the UAE’s Golden Jubilee anniversary

Enoc Dubai

UAE’s ENOC signs agreement with Egypt’s Royal Marine Services

The agreement will enable Royal Marine Services to distribute ENOC’s marine lubricants in Egypt

Dubai UAE

Dubai issues 55,194 new business licences during the first 10 months of 2021

The figure marks a 69 per cent increase over the same period in 2020 when 32,626 licenses were issued

Mariam bint Mohammed Almheiri, UAE MOCCAE, Eugene Willemsen, and Aamer Sheikh

PepsiCo launches MENA edition of Greenhouse Accelerator programme

It has partnered with the UAE’s Ministry of Climate Change and Environment for the initiative

Abu Dhabi’s G42 to start first driverless car trials in Mideast

Group 42’s Bayanat unit will begin with five cars on Yas Island

Oil extends drop as investors assess reserve release, Covid wave

Oil rallied to the highest level since 2014 in October but has faltered over the past month