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Microsoft continues to commit heavily to education and skilling initiatives.

Power Letters 2023: Naim Yazbeck, general manager, Microsoft UAE

Microsoft continues to commit heavily to education and skilling initiatives

Dubai

Dubai Health Authority, Trends sign MoU to collaborate on research projects

The MoU will support the authority’s efforts to develop an innovative health system based on scientific research

Details of first long-duration Arab astronaut mission announced

Details of first long-duration Arab astronaut mission announced

The mission will make the UAE the 11th country to send astronauts on a long-duration mission to the International Space Station

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

The three-week study will detect and quantify emissions from moving vehicles in real time at six locations in Abu Dhabi

Abu Dhabi Chamber launches new strategy to boost economy

Abu Dhabi Chamber launches new strategy to boost economy

The chamber has focused on six strategic objectives, in its 2023-2025 strategy

Borouge reports $1.4bn net profit in 2022

Abu Dhabi-based Borouge reports $1.4bn net profit in 2022

The company delivered adjusted EBITDA of $541m in the fourth quarter, flat on a year-on-year basis with a net profit of $247m

Aldar-announces-JV with Dubai Holding

Aldar signs strategic JV with Dubai Holding, enters Dubai real estate market

The communities will feature over 9,000 residential units, with launches planned for this year

Abu Dhabi's Etihad Airways to increase flights to Frankfurt

Abu Dhabi’s Etihad Airways to increase flights to Frankfurt

The new services will increase the total number of weekly flights to the German destination to 11

National

National Marine Dredging Group achieves 30% growth in net profit during 2022

The group’s total assets increased to Dhs16bn, an increase of 24 per cent compared with total assets at December 31, 2021

Bal Krishen Rathore, chairman and CEO, Century Financial

Power Letters 2023: Bal Krishen Rathore, chairman and CEO, Century Financial

Inflation and interest rate forecasts will remain crucial in 2023

Dubai records 5.5% growth in energy demand in 2022

Dubai records 5.5% growth in energy demand in 2022

Energy demand last year reached 53,180 gigawatt-hours, compared to 50,401 gigawatt-hours in 2021

Expo City Dubai unveils new attractions for visitors

Expo City Dubai unveils new attractions for visitors

The Stories of Nations exhibitions are located in the opportunity, mobility and sustainability districts

UAE central bank raises base rate _ feb 2023

UAE central Bank raises base rate by 25 basis points

The central banks of Saudi Arabia and Bahrain also increased their interest rates after the US Federal Reserve raised its target interest rate

Ardian

Buyout firm Ardian to open in Abu Dhabi to tap sovereign wealth

The company, with $25bn of assets and $8bn of capital in the region, will start with 10 employees in Abu Dhabi and may look to hire more

Power Letters 2023: Fahed Ghanim, CEO, Majid Al Futtaim – Lifestyle

As we look to the year ahead, we will undoubtedly see ‘moments’ become the currency of customer experience

Aster pharmacy Talabat

Aster Pharmacy, talabat UAE announce partnership to deliver prescription medicines

Customers can now upload their prescriptions on talabat and have them delivered to their doorsteps in 90 minutes

Dubai Financial Market Company posts 41.7% rise in net profit in 2022

Dubai Financial Market Company posts 41.7% rise in net profit in 2022

DFM welcomed 167,332 new investors, bringing its investor base to over one million

UAE's Pure Harvest enters strategic partnership with Saudi's NADEC

Pure Harvest enters strategic partnership with Saudi’s Nadec

The two entities aim to assist in the transition towards greater food security and water conservation in the kingdom and GCC

Agthia

Agthia Group reports 14% rise in net profit for 2022

Agthia Group’s total assets stood at Dhs6.8bn as at December 31, 2022

The UAE and France to jointly focus on decarbonisation of hta industries

UAE, France to jointly focus on decarbonisation of hard-to-abate industries

The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains

Air Arabia Abu Dhabi launches direct flights to Amman

Air Arabia Abu Dhabi to launch direct flights to Amman

The new service will connect Abu Dhabi International Airport to Queen Alia International Airport

UAE increases fuel prices for February 2023

UAE increases fuel prices for February 2023

Prices were increased by up to 10 per cent

developer portal

Abu Dhabi Islamic Bank reports 55% rise in net profit for 2022

The lender reported revenue worth Dhs6.8bn in 2022, up 23 per cent year-on-year

Sheikh Mohammed opens Arab Health 2023

More than 3,000 exhibitors from over 70 countries are showcasing healthcare technologies at the event

MohRE extends deadline to rectify private sector employment contracts

UAE’s MoHRE extends deadline to rectify private sector employment contracts

The new deadline is now December 31, instead of February 2

Sheikh Mohammed issues directives to rename Al Minhad area

The newly named Hind City includes four zones, spans an area of 83.9km, and includes housing for Emiratis

UAE Banks Savings Deposits in Nov 2022

UAE banks record Dhs246.6bn in saving deposits by end of Nov 2022

Saving deposits increased during the first 11 months of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021

DEWA's virtual employee Rammas

Rammas, DEWA’s virtual employee, addresses 6.8 million enquiries since 2017

Rammas provides information on 200 services and features, which include managing supply, bill payment channels and general tips on sustainability, among others

UAE real estate will continue to be resilient in 2023

UAE’s real estate sector to remain resilient in 2023: JLL MENA

Delivery of around 200,000 square metres of retail floorspace last year raised Dubai’s total stock to 4.63 million square metres, with about 355,000 square metres of space scheduled to be delivered in 2023 across the city

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air currently flies to a total of 36 destinations to 25 different countries from Abu Dhabi