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ADNOC Distribution

ADNOC Distribution’s Q1 net profit jumps 5.5% to Dhs551m

The energy provider said its net profit soared 19.4 per cent quarter-on-quarter and free cash flow stood at Dhs1.04bn

RTA unveils Golden Chance

RTA streamlines issuance of driving licence with ‘Golden Chance’

The new initiative is aimed at streamlining the process of acquiring a driving license for eligible applicants

Oil

Oil steady after two-day gain as supply issues blunt demand woes

West Texas Intermediate traded below $79 a barrel after rallying around 2 per cent over the previous two sessions

Abu-Dhabi_investopia_govt_investment platform partners with Italian healthcare firms to build smart clinics GettyImages-1316754718

Investment of EUR125m to boost ‘smart clinics’ in the UAE, wider region

Investopia has partnered with Italian GKSD Investment Holding Group and Gruppo San Donato, a private hospital group in Italy, to drive the initiative

Ramadan Sale Carrefour

Revealed: Five ways businesses can drive sales this Ramadan

From car dealerships to retailers, several companies are offering promotions and discounts during Ramadan to support consumers

ByteDance

Abu Dhabi’s G42 buys ByteDance stake at $220bn valuation

G42 acquired a $100m-plus stake from existing investors in recent months through its 42XFund, Bloomberg reported

Emtelle, KEZAD ink build to suit deal with

UK’s Emtelle, KEZAD Group join hands to build $50m manufacturing facility

The production facility will be located on a 48,000 sqm land plot that will be leased under a build-to-suit agreement with KEZAD

DMCC

DMCC, TDeFi to support Web3, blockchain firms

The accelerator programme will offer mentorship and sessions on a range of topics related to crypto and scaling a business

Abu Dhabi's ADNOC Distribution reports 22% rise in net profit for 2022

Abu Dhabi’s ADNOC Distribution reports 22% rise in net profit for 2022

The ADX-listed company reported a 15 per cent year-on-year growth in EBITDA, totalling Dhs3.52bn in 2022

VAT and accounting insights by Dr. Jeannette Vinke FCA, COO of the American University of Sharjah

Insights: How implementing VAT helped UAE’s accounting sector

The evolving landscape will require chartered accountants to steer the ship, bring clarity to the process and ensure compliance with regulations and policies

Privacy

Privacy-by-design can be a source of value and opportunity, not cost

In 2023, expect privacy technology to undergo significant standardisation

More than 250,000 subscribers sign up for unemployment scheme

UAE Unemployment Insurance Scheme: More than 250,000 people register since Jan 1

The insurance scheme is valid for a period of 12 consecutive months from the date of registration, provided that the termination/unemployment is not for a disciplinary cause or by resignation

Dubai Airports to roll out plan to elevate travel experience for people of determination

The operator will be introducing a travel planner for pre-travel preparation and an autism friendly route

UAE President wipes out over Dhs536.2m debt for Emiratis

The non-performing debt relief fund has announced that 17 banks and financial institutions have waived the obligations

Singapore’s Clean Earth Technologies signs MOU with Dubai-based MCT Group

The MoU will see both parties enter a working relationship in the interests of locally manufacturing and supplying CET’s safer, more environmentally responsible technologies

HeatherMcGregor

Insights: Why women make natural entrepreneurs, but rarely get funded 

Harnessing the potential of women entrepreneurs is crucial for economies that are sustainable and inclusive

Volocopter-NEOM-OXAGON_rendering-scaled

NEOM invests $175m in urban air mobility provider Volocopter

Electric air taxis are a key component of NEOM’s strategy to implement a sustainable and seamlessly connected multi-modal mobility system totally powered by renewable energy

Aramco, IBM aim to establish innovation hub in Saudi Arabia

The collaboration aims to support the kingdom’s economic growth, leveraging emerging technologies in hybrid cloud, AI, and quantum computing

ADGM turns 7

Abu Dhabi Global Market celebrates seventh anniversary

To mark the event, ADGM chairman Ahmed Jasim Al Zaabi took a special tour to meet the international and local entities located at the financial centre

Renjan George and Sabu Thomas of DVCOM on the last day of GITEX

Gitex Africa: Dubai tech firm DVCOM is ready to launch global collaboration solutions

Gitex Africa will take place in Marrakech, one of the Morocco’s largest cities from May 31 to June 2, 2023

Ring

Home security company Ring signs Mindware as distributor for UAE and Gulf

Mindware will work with Ring to provide product support across the region, via product training and joint customer visits

Insights: Ireland’s growing influence in the Middle East

The relationship with Ireland is strong and enduring at both a Federal and Emirate level

tech trends

Top three tech trends shaping the future of businesses

Businesses must look out for impending technology trends to ensure they are in sync with customer exigencies

2022: Autodesk kicks off annual design and make conference

Speakers from Autodesk and organisations such as the City of New Orleans, Harvard Business School, British Antarctic Survey and Amazon Studios will share insights on achieving better outcomes

Air Arabia Egypt launches new route between Alexandria and Medinah

The direct flights, commencing on October 31, will connect Borg Al Arab Airport and Prince Mohammad Bin Abdulaziz International Airport

netflix-mac

Netflix eyes $7-to-$9 price for its new ad-supported plan

Netflix plans to introduce its new cheaper option during the final three months of the year in at least a half dozen markets

New generation UAE passport to be issued from Sept 1

UAE to issue new generation of Emirati passports from September 1

The passports of the previous generation are considered valid and their holders can use them for travel until the expiry date of the passport approaches

Whatsapp new privacy features

WhatsApp’s three new privacy features and how they work

The three news features include the ability to hide your online status, exit groups silently and block screenshots for ‘view once’ images

Abu Dhabi property outlook Bayut & dubizzle

Abu Dhabi residential sales prices rise, rental costs drop in H1 2022: Bayut & dubizzle

Potential investors and buyers have shown an inclination toward family-friendly suburbs such as Al Ghadeer and Al Reef

Gemological Institute of America DMCC

Gemological Institute of America to set up laboratory in Dubai’s DMCC

The new lab, set to open in mid-2023, will be based out of two floors in Uptown Tower as part of a nine-year deal