The Free Zone raised supplies and money for the animal shelter that was affected by recent flooding in the Northern Emirates
Author Archives: Nicole Abigael
Nicole Abigael is a Reporter at Arabian Business and host of the AB Majlis podcast. She covers a diverse range of topics including luxury real estate, high-net-worth individuals, technology, and lifestyle trends across the Middle East.
Nicole has led insightful conversations with global industry leaders, top executives, and influential decision-makers.
Her expertise spans across AI, fintech, luxury markets, and digital transformation, exploring how these forces shape economies and industries in the Middle East and beyond.
As a dynamic storyteller, Nicole is dedicated to uncovering the narratives that define the business landscape. From leading high-profile discussions or diving into investigative reporting, she brings a sharp analytical lens and a deep understanding of the evolving business landscape in the region.
For tips, media inquiries, or the AB Majlis podcast, you can reach out to her on:
Instagram: @nicoleabigael
LinkedIn: Nicole Abigael
Email: [email protected]
Abu Dhabi
UAE, Oman hold first directors meeting for $3bn railway between Abu Dhabi, Muscat
Oman Rail and Etihad Rail joint venture board of directors holds inaugural meeting in Dubai
Russia
Russia set to annex four Ukraine regions on Friday
Russia to sign treaties on Friday to absorb four regions of Ukraine
Business for Social Responsibility (BSR)
Meta admits Facebook, Instagram, WhatsApp fueled Israel-Palestine conflict in 2021
The social media giant acknowledged human error and technical glitches, clarified no intentional bias
Auction
Dubai’s distinctive vehicle number plates auction raises $10.16 million
RTA puts 90 number plates under the hammer; AA 13 and U 70 turns out to be the most sought-after plates in the 110th auction, fetching over $2 million
Dubai
UAE Cabinet approves first electric cargo plane amid expectations of increased tourism
The first electric cargo plane will operate on completely clean electric energy, without any emissions
Dubai
Dubai FDI wins UN recognition for best practices in investments tracking
Dubai FDI Monitor tracks and records five different types of FDI in real-time, including greenfield FDI and new forms of investments
Financing
Islamic Development Bank approves over $1 billion project development financing for nine countries
Approved projects include key sectors such as food security, health, transport, energy, urban development, education, water and sanitation
Dubai
UAE’s ‘We Stand Together’ initiative to supply aid for Pakistan flood victims
1,200 tonnes of food, health and general hygiene items, including 30,000 food kits, will be sent to the country
DEWA
8th World Green Economy Summit, theme revealed
The theme reflects UAE’s vision of advancing climate action, strengthening partnerships and international efforts to achieve climate goals
Abu Dhabi
Etihad Airways celebrates strong US presence
The airline continues to expand in the United States, strengthening ties between UAE and the US
Abu Dhabi
Abu Dhabi’s Mubadala and TAQA to invest in power sector in Uzbekistan
Investment will result in the privatization of two gas-fired power generation plants
deportation
UAE Ministry of Foreign Affairs issues new statement on deportation of law violators
The statement is concerning media reporting on the deportation of select workers in the country
British monarch
How will the next UK King be chosen?
The British line of succession following the death of the Queen, explained.
Dubai
Dubai real-estate transactions hit over $653 million on Monday
568 transactions were recorded, in addition to 93 mortgage deals and 23 gift deals amid market boom
Kuwait
UAE and Kuwait interlink traffic fine system
Residents and citizens of both countries will be obligated to pay fines upon return to their home country
augmented reality
Influencers are spending thousands of dollars on virtual reality clothing, a new metaverse fashion trend
Customers purchase clothing items that only exist online for up to $699
binance
Binance under investigation by US Department of Justice
World’s largest cryptocurrency exchange being investigated for violating money laundering sanctions
e-visas
Saudi Arabia to offer e-visas to all GCC residents
New regulations allow GCC residents to apply for e-visas, residents of the UK, US and the EU can apply for visa on arrival
Abu Dhabi
AWS reveals new region, recognises UAE as a modern digital economy
Long-term investment of $5.4 billion expected over 15 years to build capability in the country
Abu Dhabi
Five UAE financial institutions fined by ADGM for regulation breach
Penalties imposed by the FRSA of Abu Dhabi range from AED 30,000 to AED 119,000
Bitcoin
Reddit co-founder looking to raise $177 million for new crypto fund
Firm is planning to make the most of the current market through ‘discounted investments’
Aviation
Emirates to debut new Premium Economy cabins to five more cities
Newly retrofitted A380s will operate the new cabins starting December
Coronavirus Pandemic
US FDA authorizes new Moderna, Pfizer-BioNTech booster shots
The new booster aims to target the highly contagious omicron variant, expected to become available to the public in September
layoff
Snapchat to layoff more than 1,200 employees in a desperate attempt to reduce cost
Popular social media platform supposedly impacted by deteriorating economic conditions
Bahrain
Only 3 in 10 UAE parents have education savings plan for their children: Survey
Tuition fees is a cause of leading concern yet majority dig into savings to keep up with payments
Diabetes
New weight-loss drug now available in UAE to treat Type 2 diabetes
User can lose up to 22.5 percent of body weight due to decreased appetite
clinical trials
US FDA could authorize Covid-19 booster without human trial results
The new Pfizer and Moderna boosters have only been tested on mice, not people
Albania
Turkish fugitive crypto exchange chief arrested in Albania over fraud
Albanian authorities have detained the 27-year old who allegedly fled Turkey in 2021
Facebook
Facebook succumbs to Twitch, plans shutdown of own gaming app
The Facebook gaming app for video-gamers and live-streamers will no longer be available on October 28
GCC
Abraj Energy Services rebrands ahead of possible listing on Muscat Stock Exchange
The firm doubled down on its priority of ensuring “sustainable economic development” in Oman, the Chairman said
Emirates Airline
Emirates and Flydubai cancel flights to and from Iraq due to civil unrest
Cancellations are effective on August 30 and August 31, airlines are “monitoring the situation closely”
electric vehicles
LG and Honda invest $4.4 billion in joint venture in an attempt to compete in the EV market
Electric vehicle batteries joint venture to be set up this year with construction beginning early 2023
Bitcoin
Bitcoin falls below $20,000 mark, again
Recent fall marks the fifth successive day of decline, analysts fear further price drop
Banking & Finance
Women investors in UAE increased nearly 20 percent since 2017: Saxo Bank
Data shows an 18 percent increase in the share of female investors in the country