2025 IT Security Predictions
Cloudflare, a leading connectivity cloud company recently published an Op-Ed by Grant Bourzikas, CSO, tackling IT security predictions for 2025
Fifth France-Arab Summit: Forging partnerships for a sustainable tomorrow
As the world grapples with uncertainty, the summit offers a much-needed space for cooperation and innovation, led by the Franco-Arab...
Business
Business
Hydrogen policy will help UAE in generating clean energy
Abu Dhabi Department of Energy (DoE) Monday announced that the development of its hydrogen policy and regulatory framework aims to...
- The development of hydrogen policy and regulatory framework aims to accelerate the UAE's global leadership in low-carbon and clean hydrogen.
- For the policy, the DoE is working with key Abu Dhabi government and private sector stakeholders.
Business
Abu Dhabi’s Al Bateen Executive Airport reopens after upgrade
Al Bateen Executive Airport has reopened following the successful completion of a major refurbishment project which will allow the airport...
- Al Bateen Executive Airport has reopened after the completion of a major refurbishment project.
- The work, completed in under 90 days, involved resurfacing and widening the 3.2km runway to accommodate wide-body aircrafts, among others.
Business
Raya CX, Zain Saudi sign pact
Raya CX will provide outsourcing services to Zain Saudi Arabia.
- RAYA CX operates through three branches in Bahrain, Saudi Arabia, and the United Arab Emirates.
- The partnership reinforces Zain commitment to providing best customer experience, said Sultan bin Abdulaziz Al-Daghthir, CEO of Zain Saudi Arabia.
Business
ALEC Energy, Stantec sign deal
They will enable firms to achieve UAE Energy Strategy goals.
- Under the agreement, the two companies will jointly work on projects to establish best practices in buildings design, systems and services.
- Both companies will also jointly share knowledge with the industry and sponsor events, training programs and workshops with industry stakeholders.
Business
SEC’s profit fell to $1.9bn in H1
The Saudi utility firm's sales however surged to $8.80bn.
- The company however made $8.80 billion in sales during the period, up from $8.53 billion in 2021, propelled by rising demand for electric power
- The utility saw its shares lose 1.9 percent to SR26 in early trading
Business
APICO posts 29% profit increase
It will proceed with an IPO of 20 percent of its capital on Nomu.
- The plastic manufacturer reported an increase in revenue to $31 million during the year
- The book-building period will be led by Yaqeen Capital and shall start on September 11 and end on September 13
Business
Vodafone agrees to sell Hungary unit for 1.8 bn euros
The London-listed giant added in a statement that the proposed sale would create Hungary's second largest fixed-line and mobile telecoms...
- A Vodafone spokesman said proceeds will be used to deleverage its balance sheet, or cut debt, as it looks to build scale in other markets
- European heavyweight Vodafone, which has been restructuring for several years, expects the sale to complete at the end of 2022
Business
Unified financial network set to boost Gulf economies
GCC countries are accelerating economic integration by activating the financial links between companies, banks, and stores to make life smoother...
- GCC countries are accelerating economic integration by activating the financial links between companies, banks, and stores to make life smoother for citizens and residents
- The Central Bank of Saudi Arabia recently launched a point-of-sale service between its national payments network "Mada" and the Qatar national network "NAPS"
UAE investments in Egypt rise by 169% in 6 months
In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about...
- In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion
- The value of remittances from Egyptians working in the UAE rose by 1.4 percent, reaching US$3.5 billion during the 2020-2021 fiscal year
Business
Flyadeal adds A320neo to fleet
It raises Saudi low-cost airline's fleet strength to 26.
- The new Airbus aircraft made its first landing in the kingdom at King Abdulaziz International Airport in Jeddah
- The CEO said that the fleet expansion will contribute to increasing the number of flights, providing more seats, and serving new customers
2025 IT Security Predictions
Cloudflare, a leading connectivity cloud company recently published an Op-Ed by Grant Bourzikas, CSO, tackling IT security predictions for 2025
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ADNOC looks to buy Covestro
Business
PIF to invest in Alkhorayef Petroleum, secure 25% shareholding
Riyadh, Saudi Arabia — The Public Investment Fund (PIF) has formally announced the signing of a share subscription agreement to...
Business
ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
Business
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Business
Al Ghurair to use Oracle solution
This will help HR teams improve business operations.
- Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
- Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.
Business
GA-ASI partners with EDGE
The pact is aimed at integrating smart weapons into MQ-9B.
- The partnership marks the first time that UAE-made smart weapons will be integrated into a US unmanned platform.
- The EDGE smart weapons designated for integration include the DESERT STING family of GGWs and THUNDER family of cost-effective PGMs from HALCON.
Business
Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...
- This reflects a substantial increase compared to September's real estate activity, where the trade volume reached $544 million.
- The report underscored the confidence of clients in the emirate's real estate sector and its capacity to attract investors.