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Flooss, a new digital payment platform, launched in Bahrain

Mastercard has partnered with Payment International Enterprise to launch Flooss across Bahrain and the region

Abu Dhabi’s Taqa Group reports net income of Dhs6bn for 2021

The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year

UAE’s ADQ, Alpha Dhabi, Etisalat and FAB to launch next-gen banking platform

Wio will offer customers in the UAE a fully digital banking choice with tailored products and services to meet their lifestyles and needs

ADNOC announces $548m contract for a new main gas line at its lower Zakum field

ADNOC Drilling announces net profit of $604m for 2021

Revenue for the full year was $1.14bn, up 6 per cent over 2020, largely driven by new rigs and rig reactivations

Dubai Islamic Bank prices $750m senior sukuk

The sukuk will be listed on Euronext Dublin and Nasdaq Dubai

Dubai Financial Services Authority signs MoU with India’s IFSCA

The agreement sets a framework for mutual assistance and exchange of information in areas, including money laundering and terrorism financing

AD Ports Group

Abu Dhabi-based Al Seer Marine invests Dhs1.2bn in AD Ports Group

With this investment, Al Seer Marine has received a 7.36 per cent stake in Abu Dhabi Ports

Abu Dhabi-based Yahsat wins Dhs24m contract to build naval satcom systems

Yahsat will design, deliver and integrate advanced satellite communication solutions for Abu Dhabi Ship Building

Abu Dhabi’s ADNOC announces discovery of new natural gas resources offshore

Estimates indicate that the reserve of raw gas discovered is between 1.5–2 TSCF

Boeing is set to launch its first new jet in nearly five years with 50-plane Qatar deal

The multibillion-dollar deal would help showcase trade relations between the two nations

UAE Space Agency to establish economic zone at Masdar City

Businesses will be offered benefits including incubation, office space, mentorship, networking and investment opportunities, among others

Tesla delivers record 308,600 cars in quarter, beating estimate

The results pushed Tesla’s total sales for the year to more than 936,000

Sophos discovers new variants of Tor2Mine cryptominer

In a research, Sophos describes new variants of the miner that include a PowerShell script that attempts to disable malware protection

UAE foreign trade totalled approximately $9.3 trillion over five decades

The country’s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion

Saudi forces intercept armed drone launched towards Najran airport

Shrapnel and fragments fell across the residential neighbourhood of Al-Araysah

skiing championship dubai

Dubai hosts Alpine skiing championship

The UAE Winter Sports Federation is organising the event being held this week at Ski Dubai

Etihad Engineering

Virgin Australia awards UAE’s Etihad Engineering Boeing 737 heavy maintenance contract

The contract covers heavy maintenance and modifications on more than 30 aircraft

Saudi Arabia signs MoU with HSBC to promote sustainable investments

The agreement covers the identification and promotion of sustainable investments in the kingdom

istockphoto

UAE: Two earthquakes recorded in Dibba Al Fujairah

The earthquakes were reported as ‘minor’

Hands-on review: The OPPO Reno5 Pro 5G

OPPO Reno5 Pro 5G combines great performance, ultra-fast charging and enhanced camera capabilities

International Holding Company

ADFD to increase export financing facility by 33.3% in 2021

ADFD to allocate Dhs735m to Abu Dhabi Exports Office to support UAE export economy

Ahead of the curve: The technology of tomorrow

AI, IoT, blockchain, chatbot, 5G and AR will be crucial for businesses looking to stay ahead

Bitcoin hits another record and leaves other asset classes trailing

Bitcoin is up about 1,000 per cent in the past year amid signs of increasing institutional interest as well as speculative demand

Fitbit to equip NASA employees with wearables to check Covid-19

Health indicators from wearables shown to identify flu-like illnesses before symptoms emerge

Talabat rider

Dubai-based virtual kitchen Sweetheart Kitchen launches loyalty programme

Customers on Zomato and Talabat to be rewarded for orders above Dhs50

DGA

Saudi Arabia attracts record $152m in startup funding in 2020

Saudi startup ecosystem was the fastest growing in MENA, Magnitt report shows

UFC: McGregor vs Poirier rematch to be aired live on UFC Arabia app, Starzplay and Etisalat e-Life TV

Abu Dhabi Media recently signed a deal with Starzplay to live-stream UFC events across MENA

Dubai Health Authority Visa

Dubai suspends non-urgent elective surgeries for one month

DHA says the directive is to allow health facilities manage Covid-19 cases

Michael Chiesa vs Neil Magny fight in Abu Dhabi to be broadcast live on UFC Arabia app

Welterweight fight will also be aired live on video-on-demand site Starzplay

Energy firm Engie partners with Abu Dhabi on tech-driven sustainability project

Blue Carbon project seeks to rehabilitate Abu Dhabi’s mangrove habitats using drones