GCC Archives | Gulf Business https://gulfbusiness.com/section/gcc/ Fri, 26 May 2023 13:33:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.5 https://gulfbusiness.com/wp-content/uploads/2020/07/cropped-gb-new-fevicon-2020-1-32x32.png GCC Archives | Gulf Business https://gulfbusiness.com/section/gcc/ 32 32 Etihad Arena to host star-studded IIFA Awards 2023 in Abu Dhabi https://gulfbusiness.com/etihad-arena-to-host-star-studded-iifa-awards-2023-in-abu-dhabi/ https://gulfbusiness.com/etihad-arena-to-host-star-studded-iifa-awards-2023-in-abu-dhabi/#respond Fri, 26 May 2023 12:55:19 +0000 https://gulfbusiness.com/?p=255764 The IIFA awards are being held in partnership with DCT Abu Dhabi and Miral at the Etihad Arena for the second year in a row

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]]> https://gulfbusiness.com/etihad-arena-to-host-star-studded-iifa-awards-2023-in-abu-dhabi/feed/ 0 Penelope Cruz is the new brand ambassador of Emirates Airlines https://gulfbusiness.com/penelope-cruz-brand-ambassador-emirates-airlines/ https://gulfbusiness.com/penelope-cruz-brand-ambassador-emirates-airlines/#respond Fri, 26 May 2023 06:11:07 +0000 https://gulfbusiness.com/?p=255681 Academy Award-winning actor Penelope Cruz will star in a global advertising campaign for Emirates Airlines set to be launched come June 2023

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]]> https://gulfbusiness.com/penelope-cruz-brand-ambassador-emirates-airlines/feed/ 0 Saudi wealth fund PIF launches Badael to make tobacco-free products https://gulfbusiness.com/pif-launches-firm-to-make-tobacco-free-products/ https://gulfbusiness.com/pif-launches-firm-to-make-tobacco-free-products/#respond Fri, 26 May 2023 05:50:13 +0000 https://gulfbusiness.com/?p=255687 The new company will make tobacco-free nicotine delivery products available across Saudi Arabia by the end of 2023

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]]> https://gulfbusiness.com/pif-launches-firm-to-make-tobacco-free-products/feed/ 0 Qatar Airways resumes flights to Bahrain https://gulfbusiness.com/qatar-airways-resumes-flights-to-bahrain/ https://gulfbusiness.com/qatar-airways-resumes-flights-to-bahrain/#respond Fri, 26 May 2023 05:40:30 +0000 https://gulfbusiness.com/?p=255689 It has commenced with a daily flight between the two destinations, and will increase it to thrice-daily services later this year

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]]> https://gulfbusiness.com/qatar-airways-resumes-flights-to-bahrain/feed/ 0 Ministry of Interior, Etihad Rail ink MoU on strategic cooperation and coordination https://gulfbusiness.com/ministry-of-interior-etihad-rail-ink-mou/ https://gulfbusiness.com/ministry-of-interior-etihad-rail-ink-mou/#respond Fri, 26 May 2023 05:34:56 +0000 https://gulfbusiness.com/?p=255676 Under the MoU, the two parties will work towards enhancing readiness to confront security risks and threats, improving security and safety measures and strengthening civil protection

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]]> https://gulfbusiness.com/ministry-of-interior-etihad-rail-ink-mou/feed/ 0 Sheikh Mohammed approves master plan for Dubai’s public beaches https://gulfbusiness.com/sheikh-mohammed-master-plan-for-dubais-public-beaches/ https://gulfbusiness.com/sheikh-mohammed-master-plan-for-dubais-public-beaches/#respond Fri, 26 May 2023 05:06:03 +0000 https://gulfbusiness.com/?p=255633 The proposed development forms part of the Dubai 2040 Urban Master Plan, and aims to increase the length of public beaches by 400 per cent

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]]> https://gulfbusiness.com/sheikh-mohammed-master-plan-for-dubais-public-beaches/feed/ 0 UAE’s Majid Al Futtaim issues $500m green sukuk https://gulfbusiness.com/uaes-majid-al-futtaim-sells-500m-green-sukuk/ https://gulfbusiness.com/uaes-majid-al-futtaim-sells-500m-green-sukuk/#respond Fri, 26 May 2023 02:52:31 +0000 https://gulfbusiness.com/?p=255659 The conglomerate will use the proceeds from its fourth green sukuk issuance to refinance an older $800m bond commitment due in May 2024

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]]> https://gulfbusiness.com/uaes-majid-al-futtaim-sells-500m-green-sukuk/feed/ 0 Sovereign wealth fund QIA joins SoftBank, BlackRock in private credit push https://gulfbusiness.com/sovereign-wealth-fund-qia-in-private-credit-push/ https://gulfbusiness.com/sovereign-wealth-fund-qia-in-private-credit-push/#respond Thu, 25 May 2023 22:00:56 +0000 https://gulfbusiness.com/?p=255608 Sovereign wealth funds like the QIA have been increasingly looking at private credit, providing evidence of the market’s rapid growth

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]]> https://gulfbusiness.com/sovereign-wealth-fund-qia-in-private-credit-push/feed/ 0 Abu Dhabi’s TII unveils its Falcon 40B AI model open source https://gulfbusiness.com/tii-makes-its-falcon-40b-ai-model-open-source/ https://gulfbusiness.com/tii-makes-its-falcon-40b-ai-model-open-source/#respond Thu, 25 May 2023 17:20:25 +0000 https://gulfbusiness.com/?p=255637 Falcon 40B is a foundational large language model with 40 billion parameters and trained on one trillion tokens

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]]> https://gulfbusiness.com/tii-makes-its-falcon-40b-ai-model-open-source/feed/ 0 ADNOC Logistics gets $125bn in orders for $769m IPO https://gulfbusiness.com/adnoc-ls-raises-769m-in-ipo/ https://gulfbusiness.com/adnoc-ls-raises-769m-in-ipo/#respond Thu, 25 May 2023 13:14:57 +0000 https://gulfbusiness.com/?p=255609 ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn

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