Sunday 29 January 2023

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FLEET SIZE DOUBLED
Wizz Air Abu Dhabi logs record 6,000 flights in 2022

Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, has reported a record-breaking 2022 by operating more than 6,000 flights and transporting more than 1.2 million passengers.

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1

AI SWARM ROBOTIC SYSTEM
Maaden, OffWorld team up for autonomous industrial mining

Saudi mining giant Ma'aden has signed an agreement with OffWorld, a global pioneer in AI-powered industrial swarm robotic mining systems, to explore the potential of utilising smart robots in its mines, as first step towards autonomous industrial mining.

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2

20% INCREASE IN DIVIDEND
Emirates NBD 2022 profit rises 40% to top $3.5bn

Emirates NBD, a leading bank in the UAE, has posted net profit of AED13 billion ($3.53 billion) in 2022, marking an increase of 40% over the previous year, demonstrating strong regional economic growth.

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3

ANALYSIS
Mideast CEOs confident of economic growth in 2023: PwC

CEOs in the Middle East are confident in regional growth and are transforming their businesses embracing new technologies, investing, driving cost efficiencies, moving on deal activity and mitigating the risk of climate change, a report said.

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4

FOCUS
Revving up the EV market in the Middle East

Although the electric vehicle (EV) market in the Middle East region is still in its infancy, it is showing promising signs of growth.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai to build world's first 3D-printed mosque

Dubai's Islamic Affairs officials have announced plans to build the world's first 3D-printed mosque at Bur Dubai, one of the oldest neighbourhoods in the emirate, over the next two years. The 2,000-sq-m facility will be able to house 600 worshippers.

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Retail & Wholesale

Mastercard, ZoodPay to launch first virtual installment card

ZoodPay, a leading digital lending platform for e-commerce, has tied up with Mastercard to launch the first-of-its-kind prepaid virtual installment card in the Eastern Europe, Middle East and Africa (EEMEA) region.

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Energy, Oil & Gas

Masdar to certify a novel pathway to make SAF from methanol

A consortium of Masdar, TotalEnergies, Siemens Energy and Marubeni has announced that the Masdar-led initiative focused on green hydrogen to produce SAF is actively working with licensors to certify a new production pathway for SAF from methanol.

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Finance & Capital Market

Venture Capitals and Incubators Workshop tackles policy, funding

With the start-up culture expanding in UAE, business incubators play a significant role in supporting small businesses and start-ups including creating an ideal environment for them, Venture Capitals (VC) and Incubators Workshop, heard.

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Analysis, Interviews, Opinions

Mideast CEOs confident of economic growth in 2023: PwC

CEOs in the Middle East are confident in regional growth and are transforming their businesses embracing new technologies, investing, driving cost efficiencies, moving on deal activity and mitigating the risk of climate change, a report said.

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Industry, Logistics & Shipping

11 Brazilian firms to show a range of F&B products at Gulfood

The Arab Brazilian Chamber of Commerce (ABCC) announced the participation of over 11 Brazilian food and beverages (F&B) companies at Gulfood 2023, one of the world's largest and most influential annual trade shows for the industry.

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Travel, Tourism & Hospitality

Mideast shows robust RevPAR recovery in 2022: STR

Middle Eastern hotels recorded revenue per available room (RevPaR) of $110.12 during 2022, reflecting an increase of 18.2 per cent over the figures of 2019, said STR, a provider of analytics and insights for global hospitality sectors.

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IT & Telecommunications

Dell's Concept Luna: Innovation meets sustainable design

Dell’s Experience Innovation Group engineers have worked over the last year to further refine the modular design of Concept Luna, eliminating the need for adhesives and cables, and minimizing the use of screws.

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Lifestyle

Talabat opens its new tech HQ at Dubai City Walk

Talabat has opened its new tech headquarters at City Walk, a luxury shopping and dining destination, in Dubai. Spread over 100,000 sq ft area, the three-storeyed office is one of the largest tech hubs in Middle East designed with sustainability in mind.

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Health & Environment

EY launches Mena’s first Climate Change Readiness Index

EY has launched its Middle East and North Africa (Mena) Climate Change Readiness Index (CCRI), a pioneering tool designed to help countries in the region assess and improve their resilience to the impacts of climate change.

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Media & Promotion

ASDA’A BCW names Halawani as Executive VP Client Services

ASDA’A BCW, a leading communications consultancy, has appointed Rami Halawani, a strategic communications and marketing professional with over two decades of experience, as its Executive Vice President – Client Services.

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Education, HR & Training
Miscellaneous

Talabat opens its new tech HQ at Dubai City Walk

Talabat has opened its new tech headquarters at City Walk, a luxury shopping and dining destination, in Dubai. Spread over 100,000 sq ft area, the three-storeyed office is one of the largest tech hubs in Middle East designed with sustainability in mind.

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