Search Results for: "AD Ports"

UAE an enabler of global trade

UAE, Thailand agree to launch CEPA negotiations

The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force

Burjeel Holdings

Burjeel Holdings’ Q1 2023 profit surges 43.4% to Dhs121.3m

The healthcare services provider said its revenues surged by 11.6 per cent year-on-year to Dhs1.1bn in the first quarter of 2023

use of ChatGPT

DEWA initiates pilot use of ChatGPT to enhance capabilities of its virtual employee

The move is part of DEWA’s strategy to employ artificial intelligence technologies across all its operations and services

DXB T3 Dubai International

Dubai’s DXB sees passenger traffic reach 95.6% of 2019 levels in Q1 2023

India remained DXB’s top destination country with passenger traffic reaching three million, followed by Saudi Arabia, the UK and Pakistan

Abu Dhabi 2022 GDP

Abu Dhabi economy grows 9.3% in 2022 on non-oil activities boost

The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP

service robots

Insights: The rise of service robots

Proven Robotics’ Mohammed Aldousari, regional robotics lead, outlines the transition of robots from industrial applications to service roles that bisect and positively impact day-to-day human life

Malaysia

MDEC: $2.8tn ripe for digitalisation in global Islamic economy

Muslims worldwide estimated to spend $2.8tn by 2025 on Islamic faith-inspired consumption needs – and Malaysia looks to capture digitalisation opportunities in the sector through MDEC

ADAFSA

Abu Dhabi Agriculture and Food Safety Authority, Hub71 partner to develop agtech innovations

Both entities will work to address the challenges faced by the agtech sector by connecting businesses with startups offering technology-based solutions

Barakah Nuclear Energy Plant unit 3

UAE’s ENEC inks nuclear energy deals with Chinese firms

The agreement covers cooperation in nuclear energy operations, in high-temperature gas-cooled reactors and fuel supply and investment

ESG

Technology underpins the success of the GCC’s ESG ambitions

ESG is now a concern for investors, shareholders and other stakeholders, as well as customers and regulators

Saudi Arabia banking sector

How Saudi Arabia’s banking system is building a solid future

Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector

Wellness Tourism

Why wellness tourism is the next big thing?

The wellness tourism industry has become a significant contender in the global tourism market, with a valuation of $815bn in 2022, making up 18 per cent of the total market

Tesla

Tesla raises prices of S, X Models by $2,750 in China

The pricing of Model S sedan and Model X now start at CNY808,900 and CNY898,900, respectively

UAE booming tourism sector

Soaring tourism numbers bolster UAE’s economy

UAE’s tourism sector defies odds to attract record tourist numbers over the past year

DIFC venture regulation

DIFC enacts new venture studio regulations

The enactment of the new regulations supports the DIFC Launchpad by providing a legislative framework for venture building

Beehive

UAE’s e& enterprise to acquire majority stake in Beehive

Beehive leads the crowdfunding platform space in the UAE, with operations in Saudi Arabia and Oman

MetaEarth

The digital bridge to reality: How Mark:MetaEarth is blurring the lines between real and virtual worlds

Mark:MetaEarth brings people closer together and enables new ways of interaction

Saudi tourism

From ancient history to modern luxury, Saudi Arabia’s tourism offerings continue to expand

Saudi tourism is set to surge with significant investments being made throughout the kingdom to enhance both religious and non-religious tourism 

flydubaiBoeing737MAXAircraft4 Dubai Media Office flydubai

UAE’s flydubai records 50% rise in passengers in Q1 2023

The carrier will grow its capacity across the network by 20 per cent between July 1 and September 30

Qatar see a surge in air travel

Qatar Airways sees robust travel demand amid capacity squeeze

The Doha-based carrier has seen leisure and business demand surge after travel restrictions were eased, but continues to be hamstrung by a lack of new planes

Winners of the Business Traveller Middle East Awards 2023. (Image: Motivate Media Group)

Business Traveller Middle East Awards 2023: Here are all the winners

The 22nd edition of the annual awards included 40 award categories spanning airlines, airports and hotels

Sharjah Airport

Sharjah Airport records footfall of over 3.8 million passengers in Q1 2023

The aircraft movement for the same term also increased by 9.02 per cent, with 23,261 flights by the end of March

Generative AI

First real-world study showed generative AI boosted worker productivity by 14%

Researchers at Stanford University and the Massachusetts Institute of Technology tested the impact of generative AI tools on productivity

electric aircraft

Abu Dhabi to launch first sustainable electric aircraft manufacturing facility in MENA

Monarch Holding and EHang Holdings have signed a partnership agreement to establish the facility in the region

Mashreq Bank CEO Ahmed Abdelaal

Mashreq’s Q1 2023 net profit soars to Dhs1.6bn

The bank reported an operating profit of Dhs1.8bn, up 96 per cent compared to the same period a year earlier

Emirates check-in robot

Emirates unveils new ‘city check-in and travel store’ in DIFC

The new facility is a stylish and spacious contemporary space that is aimed at ensuring a hassle-free check-in experience for passengers

UAE’s First Abu Dhabi Bank branch

First Abu Dhabi Bank’s Q1 2023 net profit up 70%

The banking group’s operating income jumped 51 per cent YoY to reach Dhs6.7bn compared to Dhs4.5bn in the first quarter of 2022

Cambodia

UAE and Cambodia conclude comprehensive economic partnership agreement

The agreement will serve as a catalyst to increase and diversify bilateral trade by substantially eliminating tariffs, reducing non-tariff trade barriers and promoting trade

UAE T-Sukuk dirham denominated

UAE to sell Dhs1.1bn dirham-denominated treasury sukuk

The T-Sukuk will first be issued in two, three and five-year tranches, followed by a 10-year tenure sukuk at a later date

Cloud-based

Cloud-based innovation sparks technology revolution in the MENA region

Cloud-based innovation is enabling organisations to create new products and services, enter new markets, and compete on a global scale