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Author Archives: Sharon Benjamin
Born and raised in the heart of the Middle East, Sharon Benjamin has been making waves as a reporter for Arabian Business since 2022. With a keen eye for detail and an insatiable curiosity for the world of business, she has established herself as a prominent figure in the industry.
Sharon's passion for art and culture shines through in her work, where she seamlessly blends the worlds of commerce and creativity. Her interviews with some of the region's most influential business figures provide an insightful glimpse into their perspectives, strategies, and the unique intersections of culture and entrepreneurship.
When Sharon isn't on the hunt for the next big story or exploring the dynamic business landscape of the Middle East, you'll likely find her at home, surrounded by her beloved feline friend. She often jokes that her cat is her toughest and most adorable critic.
Dubai
Overspending, lack of money are signs of financial trauma, says expert
Money, which is a form of security and safety, followed by power and stature, can often evoke a sense of worthiness in individuals
British monarch
Harry and Meghan Netflix review: Misinformation, mental health, strained family ties
Prince Harry will soon release a book, titled Spare, scheduled for launch in January
British monarch
Harry and Meghan Netflix review: A right royal blunder?
Volume II of the series will also include three episodes, all of which will release on December 15
Black Friday
Black Friday sales: Experts warn of scams, everything you need to know
With week-long sales taking place all over the UAE, experts warn shoppers to keep an eye out for phishing campaigns
Black Friday
Black Friday: The dark history behind the world’s biggest shopping season
The term ‘Black Friday’ went through constant evolution of meaning, before it became known as a day of shopping for discounted rates
Business Interruption Insurance
Setting up a business: 10 insurance policies a company must buy, according to experts
From property insurance to workmen’s compensation insurance to cyber protection covers, here is a list of insurance types to consider whilst setting up your business in the UAE
Dubai
New Dubai schools: Taaleem’s $200 million IPO to fund elite private schools in Jumeirah, Abu Dhabi
Taaleem, which seeks to raise a total of AED750 million from its IPO, will open its subscription period for investors on November 10
FIFA
FIFA World Cup 2022: All you need to know about the new rules to enter Qatar
The new rules to enter Qatar via road, will come in to effect from November 1 until December 23.
DEWA
Dubai Ruler announces new historic era driven by technology
Technology in the UAE is entering a new era and the success stories emerging from the nation demonstrate it
Dubai
UAE launches tech programme, $4.1bn Emirati products to be exported annually
The new initiative, in line with the nation’s aim to be a global industrial centre by 2031, is poised to ensure the technological transformation of the industrial sector
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Amazon
AWS to accelerate UAE economy, powered by cloud, driven by innovation
A testament to its commitment to the UAE, the new AWS Middle East (UAE) Region will contribute $11 billion to the economy, spurring innovation, driving economic transformation and propelling the nation to the digital future
Federal budget
UAE cabinet approves federal budget for 2023-26, expenditures at $68.69bn
UAE Vice President and Ruler of Dubai said the federal budget of the union is “sustainable and balanced”
FIFA
FIFA World Cup 2022 Qatar Hayya Card holders can bring three non-ticketed fans
The ‘Hayya with Me (1+3)’ feature is now open to international visitors
augmented reality
Instagram puts ads in augmented reality as facebook revenue declines
Instagram launched a beta version of its augmented reality (AR) advertisements, which will be available in both users’ feed and Stories in the app
Reliance Jio set to disrupt Indian market again with a $184 laptop
The laptop will have Qualcomm processors and run on JioOS; It is being launched as a 4G model, but will soon be available in a 5G version
Abraaj Capital Limited
Dubai slaps $2mn fine on KPMG over Abraaj audit, refers case to Financial Markets Tribunal
Both KPMG LLP and Navalkar denied the DFSA’s allegations and have applied for review of the decisions to the Financial Markets Tribunal (FMT)
Dubai
GITEX stars to watch: Who is Pratik Gauri?
As the GITEX circus prepares to roll into town, Arabian Business looks at some of the names already causing the biggest stir
Dubai
Eight reasons why you need to visit GITEX 2022
GITEX 2022 runs from October 10 to 14, at the Dubai World Trade Centre (DWTC)
DMCC
DMCC wins FT accolade as Global Free Zone of the Year for eighth straight time
The district added a record 2,485 new businesses in 2021 and 1,469 companies in H1 of 2022; rough and cut diamonds and crypto business booming
IMF
IMF to establish regional office in Saudi Arabia
The new regional office established in the Kingdom will hold significance, as the IMF expects Saudi Arabia to become one of the world’s fastest-growing economies
Alpago Properties
Dubai’s Palm Jumeirah mansion sold for $82 million sets new real estate record
The Casa Del Sole mansion fetched a whopping sum of AED302.5 million
initial public offerings
Saudi Arabia’s Marafiq to list shares on Tadawul
The state-backed private integrated power and water utility company, received the regulatory approval on September 26, and plans to list 30 percent (73,094,500 ordinary shares) of its share capital
Abu Dhabi
Abu Dhabi Chamber of Commerce forms new board of businesswomen council
The move is part of the chamber of commerce’s efforts to support businesswomen and women entrepreneurs in the emirate
Emirates, United enters commercial agreement to expand cargo operations
The coordination will deliver benefits to air freight customers of both Emirates Skycargo and United Cargo around the world
Non-oil GDP
Saudi Arabia’s oil production rose by 20 percent in eight months
Daily barrels reached around 10.5 million barrels in the Kingdom, higher by 1.8 million daily barrels compared to the same period last year
3D printing
UAE sees first prototype of bridge which can build and design itself
The first prototype of the five-metre bridge was designed in the UAE, and is part of the engineering company’s efforts to introduce a safer, sustainable and smarter design to the country due to its digital capabilities and innovations
Dubai
UAE announces holiday for public sector for Prophet’s birthday
The holiday was announced by the Federal Authority for Government Human Resources on Saturday
Dubai
Dubai Police adds first electric vehicle to its luxury patrol fleet
The move is part of the police force’s efforts to double down on safety and security of the emirate, to maintain its position as one of the world’s safest destinations
Dubai
Talabat UAE to support World Food Programme’s relief efforts in flood-hit Pakistan
The UAE-based delivery service will match any in-app donations made for three days until October 2 with the amount helping WFP provide food relief
China
Tragedy on high seas – 12 crew dead from suspected food poisoning
Remaining nine crewmembers on the Chinese state-owned bulk carrier, travelling from Thailand to China, critically ill and airlifted to a Vietnamese hospital
Dubai
Details of Sheikh Mohammed’s ‘Great Arab Minds’ initiative revealed
The initiative, launched in January this year, aims to identify, support and acknowledge leading thinkers in the region, amplify their impact and reverse the brain-drain
Dubai
China’s XPENG AEROHT to debut two-seater flying car at GITEX 2022
The X2 car produces zero carbon dioxide emissions during flight, and is designed with low-altitude city capabilities in mind, reaching a maximum flight speed of 130 kilometres per hour
Arcadia
FIFA World Cup 2022 Qatar to feature Glastonbury spider, alcohol fan zones: Report
Officials of the World Cup have contracted Arcadia to run a Qatar version of the Glastonbury Music Festival
Abu Dhabi
UAE petrol, diesel prices fall further in October
The UAE fuel price follow-up committee announced the new rates on Friday. Here’s how much it will cost to fuel up your vehicle this month
Aviation
Wizz Air launches flights to Saudi Arabia from Italy
The new route between the two cities will only operate twice a week
Ministry of Human Resources and Emiratisation (MoHRE)
UAE announces paid holiday for private sector for Prophet’s birthday
The holiday was announced by the Ministry of Human Resources and Emiratisation (MoHRE) on Tuesday
Dubai
Expo City Dubai launches $32 attractions pass ahead of October 1 opening
The attractions pass will allow visitors to revisit the Vision Pavilion, the Women’s Pavilion, Terra – The Sustainability Pavilion and Alif – The Mobility Pavilion
commodity trading
Dubai’s discount gold attracts Indian investors for Diwali amid global price slump
Indian expats prefer buying gold from the UAE, as the country has higher standards and tax-free rates
Deira Islands
Nakheel unveils massive rebranding, major Palm Jebal Ali updates expected
Nakheel is this week expected to make major announcements on the status of other previously frozen projects
Ministry of Municipal and Rural Affairs and Housing
Saudi Arabia signs $10 billion investment deal for local infrastructure projects
The agreement will provide over 150,000 housing units, different in size and design, covering the 11 cities
Energy
TotalEnergies hope to solve future European energy crises with QatarEnergy deal
The French energy company selected as the first international partner for North Field South LNG project with 9.375 percent participating interest
FIFA World Cup
Turkey to deploy over 3,000 police to secure FIFA World Cup 2022 Qatar
Qatar has “turned to” Turkey, its closest regional ally, to ensure the competition – which aims attract an over 1.2 million visitors – is secure at all times
Dubai
Sold out in one hour flat…Global Village VIP Packs are a big hit
The VIP packs, available in four types – Diamond, Platinum, Gold and Silver – unleash a host of benefits and unlimited access starting at AED 6,000
92nd National Day of Saudi Arabia
Saudi Arabia launches special passport stamp to mark 92nd National Day
The stamp contains the visual identity of the National Day’s date, which falls every year on September 23
Abu Dhabi
UAE hospital group Burjeel seeks local investors ahead of IPO
The company will now focus on its domestic market instead of US investors
Etihad Rail signs four international deals for operations, cargo and passenger stations
Etihad Rail signed agreements with SNCF International, Alstom, Progress Rail and Thales Group
dubai bling
Mona Kattan ‘turned down’ The Real Housewives of Dubai
Superstar pulled out of season 1 of the show and even pulled out of Netflix’s upcoming Dubai Bling series
Dubai
Dubai residents have only two weeks to register cohabitants: 8 step guide
Dubai residents have just two weeks to complete the process
Adobe
Adobe to buy software design startup Figma for $20 billion
Figma’s Dylan Field will continue to operate as the startup’s chief executive officer, following the acquisition
banking and finance
State-backed digital bank Wio debuts in the UAE, aims to focus on SMEs
The “platform bank” will set its focus initially on small and medium enterprises and is set to launch a range of apps that will offer seamless banking services to individuals and businesses alike
digital transformation
Abu Dhabi’s Lyve acquires major stake in Shopini; plans $150 million to fuel expansion
The move is part of the company’s broader plans to expand its global reach, for which it has allocated $150 million “in acquisitions within the next two years”
Employees
Quiet firing in the UAE: The workplace battle disrupting businesses
Quiet firing could be the result of changing work practices in the region, but can be solved with digital performance management tools, experts said
Abu Dhabi
Etihad Rail completes connection work between ICAD terminal and main line
The ICAD railway freight terminal, which spans over 2.7 million square feet, will ensure customers have access to competitive benefits, freight services, and logistical support