Middle East

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Abu Dhabi Government is set to launch a new hub for tech start-ups on conjunction with Japan’s SoftBank Group.  Mubadala Ventures, the US-based venture capital arm of Abu Dhabi's Mubadala Investment Company, will launch the new tech hub in the UAE capital today.  The tech hub - known as Hub 71 - will offer $1452m (AED535m) of investment to tech start-ups...........


Abu Dhabi’s Etihad Airways is predicting a return to “modest growth” next year – at least in terms of kilometres travelled – the airline’s CEO told Arabian Business. The UAE national carrier earlier this month reported a loss of $1.28 billion for 2018. While this was its third billion dollar loss in as many years, it was 15.4 percent lower than losses reported in 2017 and around a third less than reported …


Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter. The US ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem, the people said, asking not to identified because the talks are private. The notes will be convertible into Uber shares at a price equal to $5…


Mariam Al-Ghamdi is a Saudi actress, radio host, director and writer. She was one of the first women to feature on live radio in the Kingdom, reading the newscast in 1962. She began scriptwriting for TV in 1984, which paved the way for a career as a producer from 1993. She subsequently forged a successful career as an actress, appearing in shows including “Selfie,” “Sayf Barid,” “Harat Al-Shaykh” and “Haw…


The Saudi-Bulgarian Businessmen Forum at the headquarters of the Council of Saudi Chambers in Riyadh on Friday discussed the development of trade and the signing of investment agreements between the two countries.Vice Chairman of the Council of Saudi Chambers Munir bin Saad met Bulgarian Minister of Economy Emil Karanikolov, Bulgaria’s first ambassador to Saudi Arabia, Dimitar Abadjiev, and a Bulgarian business delegation.Saad stressed that…


The Gulf is overtaking Asia as the global leader in cryptocurrencies, as countries such as Saudi Arabia and the UAE embrace blockchain technology despite the crash in coin prices, according to the cofounders of a new digital-currency exchange.Bitcoin prices have plummeted by more than 50 percent in the last year, from a high of $9,683.54 on May 4, 2018 to under $4,000 on Thursday afternoon. Ethereum, another prominent digital currency, lost 83 pe…


Christian Dior's presentation of his spring haute couture collection in a circus-themed extravaganza in Dubai reflects the city’s rising profile as a new hotspot on the global fashion map, according to a top official. The show at Safa Park made Dubai the first city in the Middle East to have hosted a haute couture show. Dior’s Dubai show augmented its haute couture show first presented in Paris in January 2019, with 15 additional look…


The new president of Nikki Beach Hotels & Resorts has praised the leadership of the UAE for helping create a tourism market which has enabled its Dubai resort to be one of its most successful. Alexander Schneider, who previously headed the opening of Nikki Beach Resort & Spa Dubai, said he appreciated the UAE leadership for welcoming Nikki Beach Hotels & Resorts into Dubai and for enabling its growth and success in the city. He credit…


2019-03-23

Roads and Transport Authority (RTA) held a two-day induction workshop for more than 100 members of Dubai SME’s to familiarise them with the contractual systems used in RTA’s contracts & procurement. The step was part of endeavours to support the private sector and enable it to engage in business with RTA.  “The induction workshop, which has attracted over 100 companies listed under Dubai SMEs, reflects RTA’s effor…


2019-03-22

    تزامناً مع اليوم العالمي للسعادة 2019، تحتفل دبي الذكية وأبطال السعادة ومكتب إكسبو 2020 دبي، بإصدار فيديو يبرز ترحيب إكسبو 2020 دبي بمختلف شرائح المجتمع على أرض المدينة السعيدة، دبي. وتأتي هذه المبادرة دعماً لحملة "حياكم2020"، وتبرز دبي كمحطة توا…


2019-03-22

القائد العام لشرطة دبي‬⁩ يتفقد الإدارة العامة للنقل والإنقاذ


2019-03-22

A better tomorrow begins with simple acts of tolerance and understanding. These values laid the foundation of our beloved nation, and #Expo2020 #Dubai looks forward to showing the UAE’s diverse and inclusive nature to the world. #YearOfTolerance  


2019-03-22

http://fw.to/oqVEM4G 19 March, 2019 - Under the patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the second edition of the Global Space Congress commenced today in Abu Dhabi. HH Sheikh Mohammed attended the opening of the event. http://fw.to/SZkKV6d 19 مارس, 2019 - تحت رعاية وبحضور صاحب السمو الشيخ محمد بن راشد آل مكتوم…


2019-03-22

مؤسسة المواصلات العامة - عجمان في اسبوع


Mufarreh Nahari has been the director of Market Studies at the Communications and Information Technology Commission (CITC) since July 2018. He also worked as a market studies analyst at CITC from November 2009 until October 2013. Nahari attained his bachelor’s degree in marketing from the King Fahd University of Petroleum and Minerals, Dhahran, in 2007. He started his career at Cisco Systems, a networking hardware company, in September 2007…


 tate-owned Petroleum Development Oman expects to create 21,000 job opportunities for Omanis this year through the oil exploration and production company’s training opportunities and other undertakings. “We aim to create 21,000 job opportunities in 2019, and we are confident that we can achieve that number. These are real opportunities that lead to direct employment once the training is completed,” Raoul Restucci, the manag…


The UAE has been named as the happiest country in the Gulf region, ranking 21st globally in a new list topped by Finland. Saudi Arabia (28th), Bahrain (37th) and Kuwait (51st) were also included in The World Happiness Report, an annual publication of the United Nations Sustainable Development Solutions Network which ranked a total of 156 countries. The UAE has created a National Programme for Happiness & Wellbeing, one of seven policies to he…


2019-03-22

Nasdaq Dubai has welcomed the listing of a one billion US dollar conventional bond by Emirates NBD. The listing supports Emirates NBD’s activities as one of the region’s leading banking groups,including Islamic banking, investment banking, private banking, asset management, global markets & treasury and brokerage operations. Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai with a total nominal value of 5.28…


2019-03-22

• New portal aims to streamline public-private sector cooperation and contribute towards Dubai’s economic progress and development• Portal offers a platform for businesses to share valuable insights and feedback on draft laws and policies in Dubai• HE Buamim: Business Voice Portal supports Dubai Chamber in its role as the voice of the business community, representative of the private sector and bridge between business and gov…


Details of the first project being developed by the Arab Space Coordination Group - an advanced satellite to monitor earth, environment and climate - have been announced. Eleven Arab states including the UAE, Saudi Arabia, Algeria and Morocco will build the 813 satellite, the UAE Space Agency revealed.     The announcement of the new satellite followed on from the signing of the charter for the establishment of the Arab Space Coordi…


Workers in the United Arab Emirates should be allowed up to six months to find a new job before they are required to leave the country, a senior banking executive in the region has said. "In order to attract talent globally, visa regulations have to be relaxed more so people can switch from one job to another and they don't have to leave the country. They should be given 6 months visa extensions to get a new jobs,” Rola Abu Manneh, CEO of S…


2019-03-21

Sharjah Airport Authority, SAA, participated in the Moscow International Travel and Tourism Exhibition, MITT, 2019 at the Expocentre Fairgrounds in Moscow, Russia, from March 12th to 14th. SAA participated under the umbrella of the Sharjah Commerce and Tourism Development Authority, SCTDA, with representatives from travel and tourism companies, as well as hotels in the emirate. The Authority was keen to participate this year, in order to highligh…


2019-03-21

The Ajman Chamber of Commerce and Industry and the Consulate of Morocco discussed the means of reinforcing their economic cooperation, as well as the key economic opportunities and partnerships available to business leaders from the UAE and Morocco. The discussion took place during a meeting that took place at chamber's headquarters, which was attended by Abdullah Al Muwaiji, Chairman of the Chamber, and Abdulrahim Rahali, Consul-General of Moroc…


2019-03-21

Emirates has announced it will increase the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service, starting 28 October, 2019. The four new flights operating on Monday, Wednesday, Thursday and Saturday, will take the total number of weekly Emirates flights serving Cairo to 25. “Cairo is a very popular destination for both business and leisure travellers, and the additional fl…


The world is full of wonders, and Expo 2020 Dubai is welcoming 190 nations to show the best of theirs in the UAE. Your journey awaits. #Expo2020 #Dubai


The Dubai Mall has announced plans to introduce the first in-mall childcare service in the UAE. Launched in partnership with Malaak Mama & Baby Care, a maternity and childcare organisation, the exclusive service will add to The Dubai Mall’s growing portfolio of services being made available for the convenience of guests. Launching on Thursday, the service offers mums or pregnant mothers the support of one of Malaak’s trained child…


Etihad Airways and Elenium, a provider of automation technology solutions, have announced plans to revolutionise the airport check-in experience. The companies will demonstrate how a newly developed voice activated self-service kiosk, bag drop and boarding gate facility will improve the travel experience at the Passenger Terminal Expo in London next week. Using cloud technology, artificial intelligence (AI), computer vision and natural human inte…


2019-03-20

Dubai Science Park, DSP, has welcomed Medisana, a leading specialist in home healthcare and wellness, to its growing fold of business partners. The German company aims to supply the Middle East and North Africa region with cutting-edge products that support better health. With a population that is increasingly seeking to incorporate wellness into everyday life, the UAE healthcare market presents lucrative opportunities. Home healthcare in particu…


2019-03-20

Smart Dubai’s Future Blockchain Summit 2019 will shone the spotlight on excelling Blockchain technologies, moving conversation beyond theoretical use-cases and into real-life opportunities. It will look at Blockchain use across the world’s most integral industries, including retail and ecommerce, healthcare, transportation, education, food, hospitality and tourism, energy, fintech and banking, safety and security. The second edition o…


2019-03-20

Aldar Investments is pleased to announce that it has completed the sale of Al Murjan, a residential tower in Abu Dhabi for AED 289 million.   The sale represents Aldar Investments' second transaction since its creation in September 2018, following the Etihad real estate acquisitions announced in February. Aldar Investments is a wholly-owned subsidiary of Aldar Properties PJSC ("Aldar") and is the region's largest diversified real estate inve…


2019-03-20

Emirates today revealed its ICC Cricket World Cup 2019 themed Emirates A380 livery in the build up to one of the world’s most anticipated sporting events this year.   Former India cricketer and ICC Men’s Cricket World Cup 2011 winner, Virender Sehwag, and Emirates sponsored Lancashire team players Saqib Mahmood and Tom Bailey helped to marshal the newly emblazoned aircraft out of the Emirates Engineering hangar.  The cricket…


2019-03-19

مواصلات عجمان تنظم ملتقى الموظفين الأول


Young Arabs are taking the region’s offline markets online, from fitness and recruitment to car repairs and chalet hire.  Nineteen start-ups have been chosen so far to take part in the Misk 500 MENA Accelerator Program. Anwaar Alrefae, a 26-year-old Kuwaiti, is one of them, with her Project 5 Miles (P5M) health and fitness app.  “What’s important for the community in the region is family, friends and work, and because …


Under the patronage of Makkah Gov. Prince Khaled Al-Faisal, the second Makkah Region Economic Forum (MREF) kicks off on Saturday at Jabal Omar Hotel.The four-day event is organized by the Makkah governorate and the Jeddah Chamber of Commerce and Industry, in collaboration with the Makkah and Taif chambers of commerce and industry.Under the title “The Road to an Urban Future: Invest in Makkah,” this year’s edition will focus on f…


The UAE and Saudi Arabia show the most promise in terms of skills in technology, according to the Coursera’s Global Skills Index, an in-depth report on skill trends and performance across 60 countries in the Middle East and around the world. “The UAE shows the most promise in Technology (#40) compared to Business (#52) and Data Science (#38). This may be a reflection of the UAE government betting big on AI and fostering a testing grou…


Foreign investors increased purchases of Saudi equities last week to the highest value on record as they positioned for the kingdom’s inclusion in major benchmarks. Foreigners were net buyers of about SR1.6 billion ($427 million) of stocks in the five days through March 14, more than any other week since the data were first disclosed in 2015. The inflows picked up as FTSE Russell begins to include the country in its emerging-market category…


Downtown Dubai will be home to a walkable tribute to stars and influencers from all over the world - similar to Hollywood's Walk of Fame, Emaar announced on Monday. Dubai Stars, located along Sheikh Mohammed bin Rashid Boulevard, will kick off with a global social campaign asking people from all over the world to nominate their favourite celebrities and influencers for the first 400 stars. The first phase of Dubai Stars will be unveiled in Octobe…


The government of Panama has adopted a new foreign policy aimed at strengthening ties with the Middle East by placing the UAE as its central hub, according to Panamanian ambassador Eduardo Fonseca. In an interview with Arabian Business, Fonseca said the ‘Falcon Policy’ announced by President Juan Carlos Varela is based on “the promotion of political dialogue, commercial exchange, the strengthening of the country’s con…


Japanese automaker Nissan Motor is planning on introducing new models in the Arab world and increasing capacity at its local factories as part of a bid to secure the largest market share in Egypt and Gulf nations. The company plans to increase its market share to more than 20 percent by 2022 in the Gulf and in Egypt, from 16 percent and 15 percent, respectively, Peyman Kargar, chairman of Nissan in Africa, the Middle East and India, said in an in…


Dubai-based Damac Properties is looking for new plots of land in Saudi Arabia, according to chairman Hussain Sajwani. Damac currently has one development in Jeddah and a twin-tower project in the Saudi capital of Riyadh. “It’s a big market. It is changing. It is opening up. We see a potential there,” he was quoted as saying by Arab News. “We are looking.”   Sajwani added that Damac is also studying plots …


2019-03-19

The UAE Ambassador to India, Dr Ahmed Al Banna, told an erudite audience at the prestigious Indian Institute of Technology (IIT) that the UAE government was working with its Indian counterparts to make air travel to the UAE cheaper for tourists and visitors. He told an audience of students, academics and journalists that there was a discrepancy between supply and demand for seats on flights from Indian airports to those in the UAE. The current nu…


2019-03-19

 Top UAE bankers have affirmed their continued cooperation with the Debt Settlement Fund Initiative, aimed at easing debt burden for UAE nationals and ensuring decent life and familial stability in the society. The remarks made following the meeting His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, had earlier today with the delegation representing the banks parta…


2019-03-19

Emirates Global Aluminium, EGA, today signed a volume commitment extension agreement for 2019 with the global shipping company A.P. Moller – Maersk for transport EGA’s aluminium to customers around the world. EGA exports its metal to customers in more than 60 countries worldwide and makes more than 11,000 shipments each year using over 100,000 containers. EGA’s aluminium is the biggest made-in-the-UAE export after oil and gas. W…


DUBAI is firing up its startup ambitions - and a rising number of Singapore firms are taking notice. These companies see expansion opportunities in Dubai amid a startup-friendly environment as well as partnership possibilities with both the private and public sectors. They also believe the emirate can be a springboard to the Gulf region and the wider Middle East market.   Among the companies that have taken the plunge is blockchain start…


2019-03-19

Dubai’s Roads and Transport Authority (RTA) has launched an array of entertaining activities as part of its participation in the 3rd Happiness Week (17-22 March 2019). Events included contests, tours, surprises and music festivities for both employees and clients of RTA. “Events included ‘Search for Happiness Icons’ contest aimed at encouraging people to use public transport means and search for happiness icons and win val…


Fatima Al-Shamsi is planning the emirate’s future energy strategy with the lessons of Houston’s CERAWeek in mind Solar energy has been the mainstay of future UAE energy strategy for some time, she explained DUBAI: Fatima Al-Shamsi was in the UAE energy ministerial party at the CERAWeek by IHS Markit forum in Houston, Texas, because of her expertise in future energy strategy, but she was also there to pick up some tips on how to org…


 Saudi Arabia’s sovereign wealth fund has appointed a former International Finance Corporation official as its chief economist within a plan to boost hiring and expand overseas, it was reported on Sunday.“Within its plans to add 700 employees to its workforce, the Public Investment Fund (PIF) has appointed Ted Chu as chief economist after he held the same position at the IFC,” Al-Arabiya tweeted without citing a source.In F…