Abha International Airport Saudi Arabia

Saudi forces intercept another drone attack on Abha airport

The Abha International Airport has faced several drone attacks in recent months

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

Indonesia wealth fund, DP World ink pact for port development

The two entities will form a consortium to explore long-term investment opportunities across the country

Dubai’s Emirates to resume services to Algiers

The resumption of flights to Algiers will boost the carrier’s African network to 21 destinations

Immertech introduces teleportation capsule at Expo 2020 Dubai

Voyager by Immertech, allows anyone to be transported to other places or relive events from the past without moving

GlobalFoundries, Mubadala raise $2.6bn in top-of-range IPO

The listing is the third biggest on a US exchange this year

Abha International Airport Saudi Arabia

Saudi forces destroy armed drone attacks targeting Abha airport and Najran

The Abha International Airport has faced numerous drone attacks in recent months

Why closing cyber skills gap remains critical today

The threat landscape is unpredictable, with many moving parts as well as social and economic changes affecting it all of the time says Alain Penel, regional VP – Middle East at Fortinet

Xylem expands footprint in Turkey with acquisition of Anadolu Flygt

Prior to the acquisition, Xylem held 46 per cent shares of Anadolu Flygt

Family offices raise bets on startups in $418bn market

Family offices made up 4.2 per cent of the roughly 23,000 venture capital deals worldwide this year through August 31

The US replaces China as world’s biggest Bitcoin miner

At the end of August, America accounted for 35.4 per cent of the global hash rate

Frank Dai named new president of Huawei Cloud Middle East

The cloud division aims to provide the best public cloud services in the region including optimal latency and ultimate experience

Dubai’s DP World ties up with CDC Group to create Africa investment platform

The platform will invest in origin and destination ports, inland container depots, economic zones and other logistics across Africa

Oil holds above $80 with global power shortage boosting demand

Citigroup raised its fourth-quarter Brent forecast to $85 a barrel

UK inflation at new 40-year high worsens living standards crisis

UK starts trade deal process with Saudi Arabia, Gulf

British trade with the GCC was worth about $61bn in 2019

Drone attack on Saudi’s Jazan airport injures 10 people

Those injured included passengers as well as airport staff

Most shoppers worldwide keen on ‘buy now, pay later’ loans

A poll of more than 6,300 people globally found that 20 per cent have already taken out buy-now, pay-later loans

Four people injured at Saudi’s Abha airport in latest Yemeni drone attack

The coalition said falling debris from the drone – which was intercepted and destroyed – injured four workers at the airport

Fuel prices spike across Asia as global energy crunch takes hold

The electricity crisis is roiling energy markets from Europe to Asia

Education 2.0: Classrooms need a ‘voice lift’ to adapt to the new normal

Schools and universities must now look to adapt their current spaces to new requirements

Abu Dhabi’s Hope Consortium, Astral Aviation sign deal to boost vaccine distribution in Africa

The alliance will ensure delivery of vaccines and critical supplies to all 54 African nations

UAE, India aim to double trade to $100bn in five years

Indian nationals make up one of the largest population groups in the UAE

UK inflation at new 40-year high worsens living standards crisis

UK to approves UAE vaccination certificates from October 4

The UK’s Secretary of Transport Grant Shapps took to Twitter to announce the directive

Majority of MENA, Pakistan consumers prefer digital payment methods for ecommerce: report

The report estimates that 209m more customers in MENA and Pakistan have begun shopping online since the start of the pandemic

Oxford University and Oracle collaborate to detect Covid-19 variants faster

Global research community using genomic sequencing platform, running on Oracle Cloud Infrastructure, to discover new coronavirus mutations

US-based 500 Startups closes largest fund to date

Firm expands strategy beyond accelerator and seed investments, doubles down on global thesis

Dubai’s DP World to invest £300m in London Gateway logistics hub

The company aims to increase supply chain resilience

Cisco helps to usher in the new era of full-sized driverless racing

Conducted in partnership with DTM, Schaeffler and Riedel Networks, the drive took place at the Red Bull Ring in Spielberg, Austria on September 2, 2021

Abu Dhabi’s Aldar-ADQ consortium offers to purchase up to 90% stake in Egypt’s SODIC

The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m

European Commission approves continuous export of UAE camel milk to 27 EU countries in 2021

Currently, the MOCCAE is liaising with Chinese authorities to obtain their approval for exporting UAE camel milk and its products to China