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BUSINESS

May 20, 2022

BUSINESS

Saudi’s fintech sector starts to rival UAE, Egypt as number of firms nearly doubles

Saudi’s fintech sector starts to rival UAE, Egypt as number of firms nearly doubles

Saudi’s fintech sector starts to rival UAE, Egypt as number of firms nearly doubles

Middle East airport developments entails $151bln in capital expenditure until 2040

Middle East airport developments entails $151bln in capital expenditure until 2040

Middle East airport developments entails $151bln in capital expenditure until 2040

Borouge supplies materials worth $32.69mln for mega projects in Middle East and Africa

Borouge supplies materials worth $32.69mln for mega projects in Middle East and Africa

Borouge supplies materials worth $32.69mln for mega projects in Middle East and Africa

UAE: New partnership with AstraZeneca to combat noncommunicable diseases

UAE: New partnership with AstraZeneca to combat noncommunicable diseases

UAE: New partnership with AstraZeneca to combat noncommunicable diseases

Dubai records over $762.4mln in realty transactions Tuesday

Dubai records over $762.4mln in realty transactions Tuesday

Dubai records over $762.4mln in realty transactions Tuesday

RENEWABLE ENERGY

Siemens issues Qatar’s first green guarantee for solar project

Siemens issues Qatar’s first green guarantee for solar project

Siemens issues Qatar’s first green guarantee for solar project

RSG picks Rosewood Hotels to manage premium Saudi property

RSG picks Rosewood Hotels to manage premium Saudi property

RSG picks Rosewood Hotels to manage premium Saudi property

AVIATION

Jazeera Airways declares 50% dividend for H2

Jazeera Airways declares 50% dividend for H2

Jazeera Airways declares 50% dividend for H2

Kenya Airways posts worst-ever loss

Kenya Airways posts worst-ever loss

Kenya Airways posts worst-ever loss

Dubai Airports recognised as one of Best Employer Brands in LinkedIn MENA Talent Awards

Dubai Airports recognised as one of Best Employer Brands in LinkedIn MENA Talent Awards

Dubai Airports recognised as one of Best Employer Brands in LinkedIn MENA Talent Awards

DEWA and Dubai Airports explore developing cooperation

DEWA and Dubai Airports explore developing cooperation

DEWA and Dubai Airports explore developing cooperation

BANKING & INSURANCE

Hungary cenbank holds base rate at 13% as expected

Hungary cenbank holds base rate at 13% as expected

Hungary cenbank holds base rate at 13% as expected

Fitch unit: Growth slowdown, peak US rates to prompt BSP to pause tightening: Philippines

Fitch unit: Growth slowdown, peak US rates to prompt BSP to pause tightening: Philippines

Fitch unit: Growth slowdown, peak US rates to prompt BSP to pause tightening: Philippines

IMF wants external financing commitments fulfilled to release funds, Pakistan PM says

IMF wants external financing commitments fulfilled to release funds, Pakistan PM says

IMF wants external financing commitments fulfilled to release funds, Pakistan PM says

CAREERS

Formula 4 academies to be established in Saudi Arabia

Formula 4 academies to be established in Saudi Arabia

Formula 4 academies to be established in Saudi Arabia

Australia’s EQ expert to launch leadership programme in Gulf

Kuwaitization of co-ops jobs begins; 1,000 replacements available

Kuwaitis must work in co-ops – Urgent steps being taken to modify demographics

Data protection Bureau to create 500,000 jobs in Nigeria

Data protection Bureau to create 500,000 jobs in Nigeria

Data protection Bureau to create 500,000 jobs in Nigeria

Omran launches Najm to employ 250 Omanis in tourism, hospitality sectors

Omran launches Najm to employ 250 Omanis in tourism, hospitality sectors

Omran launches Najm to employ 250 Omanis in tourism, hospitality sectors

EDUCATION

UAE’s 40 educational institutions gear up for GETEX 2023

UAE’s 40 educational institutions gear up for GETEX 2023

UAE’s 40 educational institutions gear up for GETEX 2023

AUS tops in UAE for several subjects in new QS rankings

BEEAH Education’s IEMS Academy signs MoU with Ajman University

NYU Abu Dhabi opens applications for 2023 Visiting Summer Undergraduate Research Programme

NYU Abu Dhabi opens applications for 2023 Visiting Summer Undergraduate Research Programme

NYU Abu Dhabi opens applications for 2023 Visiting Summer Undergraduate Research Programme

ENERGY

ADNOC to explore low carbon ammonia value chain in Germany’s North Rhine-Westphalia

Global energy transition needs $35trln investment by 2030 – IRENA

ALTERNATIVE ENERGY

As metal demand soars, can recycling keep net zero goals on track?

As metal demand soars, can recycling keep net zero goals on track?

As metal demand soars, can recycling keep net zero goals on track?

FINTECH

E-payment cards in banking sector increase to 57.475mln in 2022: CBE

E-payment cards in banking sector increase to 57.475mln in 2022: CBE

E-payment cards in banking sector increase to 57.475mln in 2022: CBE

Amazon Web Services (AWS) opens applications for its inaugural FinTech Africa Accelerator

Amazon Web Services (AWS) opens applications for its inaugural FinTech Africa Accelerator

Amazon Web Services (AWS) opens applications for its inaugural FinTech Africa Accelerator

PayShap – South Africa’s first rapid payments programme launched

PayShap – South Africa’s first rapid payments programme launched

PayShap – South Africa’s first rapid payments programme launched

UAE Central Bank Digital Currency strategy launched

UAE Central Bank Digital Currency strategy launched

UAE Central Bank Digital Currency strategy launched

HEALTHCARE

Health Minister opens first production line of ‘Hepatitis B and Pentavalent’ vaccines in Egypt

Health Minister opens first production line of ‘Hepatitis B and Pentavalent’ vaccines in Egypt

Health Minister opens first production line of ‘Hepatitis B and Pentavalent’ vaccines in Egypt

FINANCIAL SERVICES

PODCAST: IFC is ready to back governments privatisation plans with capital

PODCAST: IFC is ready to back governments privatisation plans with capital

PODCAST: IFC is ready to back governments privatisation plans with capital

Saudi: Aldawaa Medical Services unveils 28% higher profits in 2022, dividends for H2-22

Saudi: Aldawaa Medical Services unveils 28% higher profits in 2022, dividends for H2-22

Saudi: Aldawaa Medical Services unveils 28% higher profits in 2022, dividends for H2-22

Saudi: SPIMACO shifts to over $45.6mln losses in 2022

UAE: Breakthrough by Emirati engineers could make prosthetic limbs cheaper, more easily available

Moderna rebuked over plan to hike Covid vaccine to $130

HOSPITALITY

HOSPITALITY

Global hospitality providers head to Dubai as regional industry plans multi-billion investments

Global hospitality providers head to Dubai as regional industry plans multi-billion investments

Global hospitality providers head to Dubai as regional industry plans multi-billion investments

Gulf Hotels Group (GHG) exploring opportunities in Saudi Arabia and Georgia

Gulf Hotels Group (GHG) exploring opportunities in Saudi Arabia and Georgia

Gulf Hotels Group (GHG) exploring opportunities in Saudi Arabia and Georgia

Saudi: Rosewood Hotels to manage luxury resort in Red Sea

Saudi: Rosewood Hotels to manage luxury resort in Red Sea

Saudi: Rosewood Hotels to manage luxury resort in Red Sea

Hungary's booming wedding market doused by soaring inflation

Hungary's booming wedding market doused by soaring inflation

Hungary's booming wedding market doused by soaring inflation

Rixos Hotels Egypt to host the first-ver Indian wedding in Egypt

Rixos Hotels Egypt to host the first-ver Indian wedding in Egypt

Rixos Hotels Egypt to host the first-ver Indian wedding in Egypt

MANUFACTURING

Saudi cement firm to award contract for Jazan production line soon

$Saudi cement firm to award contract for Jazan production line soon\n$

$Saudi cement firm to award contract for Jazan production line soon\n$

Kenya’s $21mln sugar factory to start trial run in August

$Kenya’s $21mln sugar factory to start trial run in August\n$

$Kenya’s $21mln sugar factory to start trial run in August\n$

China’s Xinxing proposes $2bln cast iron and steel production project in Egypt

$China’s Xinxing proposes $2bln cast iron and steel production project in Egypt\n$

$China’s Xinxing proposes $2bln cast iron and steel production project in Egypt\n$

PROFESSIONAL SERVICES

RAKEZ launches self-storage facility in Ras Al Khaimah

RAKEZ launches self-storage facility in Ras Al Khaimah

RAKEZ launches self-storage facility in Ras Al Khaimah

Oman: Aqua International, Bahwan Services and MIH join forces

Oman: Aqua International, Bahwan Services and MIH join forces

Oman: Aqua International, Bahwan Services and MIH join forces

India's Godrej unit sets sights on Mideast, Africa markets

India's Godrej unit sets sights on Mideast, Africa markets

India's Godrej unit sets sights on Mideast, Africa markets

REAL ESTATE

Hill lands PMC contract for 50,000-unit Saudi residential project

Hill lands PMC contract for 50,000-unit Saudi residential project

Hill lands PMC contract for 50,000-unit Saudi residential project

Aldar unveils premium residential units at its first wellness project

Branded homes driving Dubai luxury property market, says expert

UAE's Aldar to build new flats, penthouses dedicated to holistic health, wellbeing

Diyar Al Muharraq starts handover of premium Bahrain villas

Diyar Al Muharraq starts handover of premium Bahrain villas

Diyar Al Muharraq starts handover of premium Bahrain villas

Foreigners will be allowed to own property in Saudi Arabia: REGA chief

Foreigners will be allowed to own property in Saudi Arabia: REGA chief

Foreigners will be allowed to own property in Saudi Arabia: REGA chief

RETAIL & CONSUMER

Géant opens two new stores in the UAE

Géant opens two new stores in the UAE

Géant opens two new stores in the UAE

Ramadan in UAE: Up to 75% discount on 10,000-plus products in Sharjah

Amazon, other retailers revamp 'free' shipping as costs soar

Commerce Ministry beefs up inspection raids on sales outlets in Makkah, Madinah

Commerce Ministry beefs up inspection raids on sales outlets in Makkah, Madinah

Commerce Ministry beefs up inspection raids on sales outlets in Makkah, Madinah

TECHNOLOGY & TELECOM

Australian engineers create 'flexible robot' for 3D printing inside the body

Australian engineers create 'flexible robot' for 3D printing inside the body

Australian engineers create 'flexible robot' for 3D printing inside the body

Saudi: CST publishes public consultation on National Radio Law Project

Saudi: CST publishes public consultation on National Radio Law Project

Saudi: CST publishes public consultation on National Radio Law Project

Dar Al Arkan 3D prints world's tallest building in Riyadh

Dar Al Arkan 3D prints world's tallest building in Riyadh

Dar Al Arkan 3D prints world's tallest building in Riyadh

CST issues Saudi Internet Report showing traffic increase to 35mln terabytes

CST issues Saudi Internet Report showing traffic increase to 35mln terabytes

CST issues Saudi Internet Report showing traffic increase to 35mln terabytes

TRANSPORT & LOGISTICS

Dubai Taxi announces trial of new electric vehicle from Skywell

Dubai Taxi announces trial of new electric vehicle from Skywell

Dubai Taxi announces trial of new electric vehicle from Skywell

RAKTA signs partnership agreement with DTC

RAKTA signs partnership agreement with DTC

RAKTA signs partnership agreement with DTC

Maersk, Shanghai International Port to jointly explore green methanol bunkering

$Maersk, Shanghai International Port to jointly explore green methanol bunkering\n$

$Maersk, Shanghai International Port to jointly explore green methanol bunkering\n$

TRAVEL & TOURISM

TRAVEL AND TOURISM

China returns to Arabian Travel Market after 3 years

China returns to Arabian Travel Market after 3 years

China returns to Arabian Travel Market after 3 years

Tunis top city for mindful travellers in Middle East and Africa: Kayak

Tunis top city for mindful travellers in Middle East and Africa: Kayak

Tunis top city for mindful travellers in Middle East and Africa: Kayak

United Airlines launches nonstop service from New York to Dubai

United Airlines launches nonstop service from New York to Dubai

United Airlines launches nonstop service from New York to Dubai

Revealed: UAE's mega theme park to open soon; everything you need to know about the immersive world

Revealed: UAE's mega theme park to open soon; everything you need to know about the immersive world

Revealed: UAE's mega theme park to open soon; everything you need to know about the immersive world