A rundown of ten top stories – from floating hotels, real estate price hike, new unemployment insurance, labour law – you might have missed this week on Arabian Business
Author Archives: Abdul Rawuf
Abdul Rawuf
beIN Media Group
Qatar broadcasting giant beIN draws interest from Saudi, US: Report
Deliberations are in the “early stages” and it is still unclear if there will be any investments in BeIn
5G Centre of Excellence in Masdar City
du to build Abu Dhabi 5G centre of excellence, signs MoU with Masdar City at GITEX 2022
The Memorandum of Understanding (MoU) was signed at GITEX 2022, where du participated under the thematic banner ‘Powering governments, Shaping The Emirates Reality’
Aramco
Saudi Aramco becomes global partner of International Cricket Council
The second largest company in the world has been granted naming rights for ICC Player of the Match awards for all their global events until end of 2023
Maaden
Two consortiums bid for development rights for Saudi Umm Ad Damar mine
The mining site has copper, zinc, gold and silver prospects
football
UAE can become inspiration for future of international sports investing: World Corporate Summit President
WCS also signed an MoU with Investopia, a UAE government-promoted investment platform, to host ‘the future of investment in sports’ in Dubai on December 7-8, coinciding with the 2022 World Cup
Abu Dhabi
Abu Dhabi’s Hub71, GetFundedAfrica launch partnership programme to help startups to make cross-border expansion
Under the tie-up, the duo will assist startups in various areas such as getting local company setup assistance, licensing, bank account opening and customer and investor referrals
Alcohol
Qatar to have designated areas for drunk fans to sober up at the FIFA World Cup 2022
The CEO of the FIFA World Cup Qatar emphasised that ‘everybody is welcome’ and ‘everyone will feel safe’
cruise ship
Revealed: New hotels to launch ahead of FIFA World Cup Qatar 2022 with 1.5 million fans set to visit
Rooms have been made available to accommodate a surge in visitors to the country for the highly anticipated World Cup season
Dubai
Who wants to be a millionaire? The cast of Dubai Bling
The new Netflix series Dubai Bling claims to focus on the fabulous lifestyles of 10 Dubai millionaires. But just how rich are the cast?
digital business
Dubai Chamber of Digital Economy launches global competition for digital technologies-based innovative solutions
The Chamber would be accepting applications very soon and the winners will be announced at its upcoming ‘Expand North Star’ summit in Dubai next year
Cybersickness
Cybersickness could be fatal to the metaverse: Experts
Cybersickness, which is a “common user problem” today, could raise physical and mental health concerns in the future, experts told Arabian Business
Abu Dhabi
Abu Dhabi health department launches platform for job listing
The platform – named ‘Kawader’- will outline openings in various medical fields including nursing, emergency medicine, internal medicine and other allied medical segments from within healthcare facilities in the emirate
crude oil output
Saudi Arabia rejects criticism that OPEC+ decision to cut crude production was politically motivated
A Saudi foreign ministry statement said the OPEC+’s meeting outcomes were based purely on economic considerations, taking into account maintaining balance of supply and demand in the oil markets, as well as o limit volatility that does not serve the interests of consumers and producers
AbbVie Biopharmaceuticals
Abu Dhabi health department, AbbVie Biopharmaceuticals ink collaboration pact
The agreement envisages the two sides cooperating on manufacturing, clinical research, innovation and health technology assessment and medical education
Abu Dhabi
LuLu Group heads for $5bn stock market float
LuLu Group’s statement comes following the recent hugely successful IPO issue of UAE-based healthcare player Burjeel Group
Abu Dhabi
ADNOC Drilling secures $980 million contract in a week
Contract worth $980 million to hire two jack-up rigs will boost ADNOC Offshore’s capacity amid growing demand for lower carbon intensity oil and gas
Dubai
UAE public transport: Dubai to Sharjah travel time to half
Commuters between Dubai and Sharjah could see their daily trips cut in half due to a new public transportation project
Dubai
Dubai is ‘top five most visited cities’ in the world as short-term rentals flourish
With the UAE easing mask rules, visitors are looking up to Dubai to stay or visit, especially ahead of the FIFA World Cup 2022 Qatar
100% foreign ownership
Non-Qatar investors now allowed to own up to 100% of some listed companies
Six companies were included in the announcement
Burnt Hair
Elon Musk launches perfume line, proceeds to fund Twitter purchase
Over 20,000 bottles of the fragrance ‘Burnt Hair’ was sold in a few hours
ITP Media Group
ITP Media Group, Saudi Contractors Authority announce Residential Housing Saudi Arabia Conference & Expo in Riyadh
Event focuses on development and provision of sustainable affordable housing solutions as part of The Housing Program
ITP Media Group
ITP Media Group, Saudi Contractors Authority announce Infrastructure Saudi Arabia Conference & Expo in Riyadh
The event focuses on infrastructure development to enable realisation of targets and programmes as part of Saudi Vision 2030
Dubai
GEMS Education school fees to remain the same despite $6bn sale talks, KHDA says
The buyer of the world’s largest private school operator would need to use the same fee framework, the regulator explained
Airlines
Qatar Airways to hire 10,000 staff as FIFA World Cup 2022 nears
The move is also in line with the airlines’ broader post-pandemic expansions
Al-Madinah Region Development Authority
Saudi’s Al-Madinah Region Development Authority joins UN-Habitat’s SDG Cities Global Initiative
The initiative aims at stimulating development efforts by government institutions at the level of regions and cities to build their capacity to localise SDGs
Abu Dhabi Department of Economic Development
Abu Dhabi economic development department rolls out new energy incentives scheme to manufacturers
The Energy Tariff Incentive Programme 2.0 offers preferential rates for gas and electricity, based on eligibility criteria such as economic impact, emiratisation rate and energy management efficiency
DAFZA
Dubai Airport Free Zone, du team up to offer exclusive benefits to companies in the free zone
Under the agreement, DAFZ will promote du as a preferred communication service to new companies who register or lease office spaces or acquire commercial permits at the free zone
Public holiday
Saudi Arabia public holidays in 2023 revealed
All you need to know about the upcoming public holidays in 2023 in Saudi Arabia
AI in healthcare
Dubai Future Forum: Science may create the first immortals in this generation
A panel addressed the attendees at the Museum of the Future, sharing at optimistic view on longevity and life expectancy
Abu Dhabi
Floating hotels, world’s largest aquarium, islands: 7 upcoming UAE mega-projects to watch for in 2023
Atlantis The Royal, Ciel Tower, The Link – here is a closer look at all the upcoming projects of 2023
Eid Al Adha
UAE public holidays in 2023 revealed
All you need to know about the upcoming public holidays in 2023
Diagnostic healthcare
Saudi healthcare diagnostic market to reach $23 billion by 2027: Report
The kingdom is expected to invest $66 billion in healthcare infrastructure in the next seven years, as part of its Vision 2030 plan
Amazon
GITEX 2022: A startup mindset can drive innovation within enterprises, says AWS
Innovation and business can grow “by maintaining the entrepreneurial spirit of a startup,” says Amazon’s Paul Misener
Acciona
Acciona, GS Inima, and Engie in the race to bag development rights for Shuweihat 4 RO water project
The S4 RO project is to use low-carbon intensive RO technology to desalinate seawater and supply up to 70 million imperial gallons per day of potable water in Abu Dhabi’s Al Dhafra region
Dubai police
In pictures: Dubai Police fleet of supercars
The exquisite range of cars in the Dubai Police fleet has attracted worldwide attention, however, these cars are not just for their face value, they serve a purpose
Biotechnology
Novavax’ Covid booster dose shows significant benefit against Omicron variants
Data from two studies – Phase 3 PREVENT-19 trial and Study 307 (Lot Consistency) – show NVX-CoV2373 has consistent immunogenicity and safety profile
Bahrain
Bahrain attracts $98 million FDI in ICT sector in Jan-Sept period
These investments are expected to create over 770 jobs to help achieve the objectives of the Kingdom’s economic recovery plan
digital world
Meta’s Quest Pro VR headsets promises to change the way we work and socialise
Priced at $1,499, the new headsets are being pitched as a productivity device, with several customised productivity apps, and aimed at creative professionals
Emirates Lunar Mission
UAE Moon mission closer for takeoff, with the launch vehicle clearing all tests
The rover is expected to be launched during November 9 – 15, 2022 at the earliest
Brand View
Omar Jackson to launch major new lifestyle app
“Your Digital Best Friend” to roll out in 2023
Entrepreneurs
UAE Green Visa: Guide and how to apply for the freelance, self-employed visa
New UAE Green Visa rules came into effect earlier this month. Here’s how to begin the application process
Etihad Rail
Etihad Rail completes tracklaying for main line in Sharjah and Ras Al Khaimah
The main line of the network extends from Ghuweifat, located on the border of Saudi Arabia, and passes through the emirates of Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah
digital gifts
TikTok takes up to 70 percent cut of Syrian refugee donations: Report
Children in Syrian refugee camps are pleading for donations on TikTok in the form of digital gifts with cash value
Doha
FIFA World Cup Qatar 2022: Match timings, dates, venues and schedule
The World Cup, which runs from November 20 until December 18, will be home to 32 nations across the globe during the 22 days of the tournament
Abu Dhabi
Is the $5 billion Dubai Moon Resort landing in Abu Dhabi?
The Moon Resort, which was initially proposed for Dubai, has “caught the eye” of many investors
Dubai airlines
Flydubai launches daily operations to second Maldives location
The new service to Gan International Airport will launch on February 2023
International Space Station
Woman scammed $30,000 by ‘Russian astronaut’, for ‘rocket landing fees’
The woman was allegedly scammed through a social messaging app, the amount was paid to the man in five instalments
Air connectivity
Emirates to redeploy A380 to Narita after significant surge in traffic to Japan
The Dubai-based airline responds quickly to the Japanese government easing travel to the country following stringent protocol during the Covid-19 times
Abu Dhabi
Abu Dhabi announces new alcohol rules
The new rules announced, are focused on the specifications for different types of alcohol served in Abu Dhabi, ensuring each type meets the said requirements with correct labels
bilateral cooperation
Saudi Arabia, China holds meeting to discuss bilateral economic, infra investment ties
The two sides also reviewed progress of macroeconomic policies
ADQ
ADQ sign pact with Abu Dhabi health department to support healthcare sector initiatives
As part of the MoU, both entities will establish a steering committee to manage and monitor all projects that will benefit from the collaboration in clinical research, evidence generation and innovation
Mawani
Saudi ports record over 9 percent rise in container handling in September 2022
In the wake of the stability of shipping prices, the cargo throughput at Saudi ports saw a 3.2 percent increase during the period to reach 25,678,865 tons