UAE makes $35bn FDI investment in Egypt-GettyImages-520265584-e1703142282632

UAE’s mega $35bn deal marks largest FDI in Egypt’s history

The project is expected to create significant job opportunities, attract further foreign investment, and contribute to the North African country’s tourism and economic growth potential

Spinneys Dubai 92 Cycle Challenge - road closure - traffic - Dubai

Dubai traffic alert: Weekend road closures for Spinneys Dubai 92 Cycle Challenge

The RTA has warned drivers to expect delays from 6 AM to 9:45 AM over the weekend on several key roads

UAE exits FATF’s ‘grey list’ amid reforms

An exit from the grey list marks a swift turnaround for the UAE, which was initially added to the list of jurisdictions under increased monitoring in March 2022

Saudi Cup is world’s richest horse race with $20m prize money: Interesting facts to know

The Saudi Cup attracts over 70 international horses from diverse corners of the globe, ranging from Argentina to Japan

linkedin - hiring and retaining

How to attract and retain talent in 2024, according to a LinkedIn executive

LinkedIn data reveals that 62 per cent of UAE and Saudi professionals will seek out new opportunities that better align with their needs and values in 2024

flydubai grows global network to 122 routes in 2023

flydubai expands global network to 122 destinations in 2023

The carrier reported a 56 per cent year-on-year increase in passenger volumes on its GCC network and a 36 per cent increase in Europe

Emaar Oasis

What you need to know about Emaar’s expansion plans for The Oasis

The developer has unveiled a land space increase by 108 per cent, and a hike in development value to Dhs73bn

Saudi Arabia’s PIF pitches kingdom as AI hub

Saudi sovereign wealth fund PIF pitches kingdom as AI hub

Al-Rumayyan’s comments signal that data centres may be a core part of the kingdom’s strategy to capitalise on the booming demand for GenAI technology

Saudi retail growth

Saudi Arabia’s meteoric rise to third place in Global Retail Development Index

Increase in non-cash transactions and strategic initiatives propelled the kingdom’s retail growth

EMIRATES - WIMBLEDON

Emirates aces the courts with multi-year partnership with Wimbledon

Emirates’ partnership with Wimbledon marks a significant milestone as the airline becomes a proud sponsor of all four Grand Slam tournaments

UAE WEATHER ALERT - NCM

Weather: Low pressure system to bring rainy, windy conditions to Oman and the UAE

The NCM has forecast overcast conditions along with intermittent rain showers due to a developing weather system in the seas

Xpeng signs partnership with UAE’s Ali&Sons

Tesla’s Chinese rival Xpeng signs partnership with UAE’s Ali&Sons

The electric carmaker will offer the G6 and G9 SUV models in UAE from Q3 2024

Fastex

Fastex announces opening of its new office at Dubai World Trade Center’s One Central

The expansion and the location demonstrate Fastex’s dedication to growth and integration within the Dubai business landscape

Global debt tops $313tn in 2023, says IIF

Global debt hits new record high at $313tn in 2023, says IIF

India, Argentina, China, Russia, Malaysia and South Africa registered the largest increases, signalling potential growing challenges in debt repayments

UAE travel trends

Top travel trends for 2024: Study unpacks UAE traveller habits

From choosing sustainable travel options to making up to two outbound trips in 2024 are some of the trends being followed by UAE travelers

Kuwait announces mandatory biometric fingerprinting

Kuwait announces mandatory biometric fingerprinting for citizens, residents

The authorities clarified that travellers are allowed to leave the country and exempted from immediate fingerprinting, but the process is mandatory upon their return

TECOM Group’s in5 startups post 25% funding growth in 2023

Funding for startups at TECOM Group’s in5 surges by 25% in 2023

in5 has incubated about 900 startups since its inception, and its tech-focused vertical is currently home to 270 active startups

South Korea’s H2O Hospitality opens Abu Dhabi office

South Korea’s H2O Hospitality expands global footprint with Abu Dhabi office

The company provides solutions which automate the front and back-end processes of hotels by digitising the process flow, enabling paperless and contactless procedures

WTO

World Trade Organization’s push for reform plagued by obstacles

At least 100 ministers will gather in Abu Dhabi on February 26-29 for the WTO’s 13th ministerial conference once dubbed the “reform ministerial”

Mohammed bin Rashid Al Maktoum Solar Park

Massive Dubai solar park to add another 1,800 MW

The sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park will allow the facility to get one step closer to meeting its 5,000 megawatt target by 2030

UAE TOUR 24 - DUBAI ROAD CLOSURES

Dubai road closure: RTA warns of traffic diversion due to UAE Tour 2024

The RTA issued a statement via social media advising residents to set out early to ensure smooth travel

Saudi Arabia mulls follow-on share offerings framework

Saudi Arabia considers regulatory framework for follow-on share offerings

The framework would be a process that is governed and regulated and a catalyst for increasing the free float of listed companies

Saudi Foundation Day

Saudi Arabia Foundation Day 2024: Celebrate long weekend with fireworks and more

The kingdom celebrates the occasion with several events, including fireworks and drone shows paying homage to its history

Diriyah - bab samhan hotel

Saudi heritage on display at Diriyah’s Bab Samhan Hotel

The opening of Bab Samhan marks a significant milestone in Diriyah’s journey towards becoming a premier destination for luxury hospitality

Binghatti branded residence

Dubai-based developer Binghatti to debut US Dollar bond offering

Investor meetings are scheduled to start from February 20 and will be followed by a benchmark-sized US dollar-denominated unsecured Sukuk offering

FedEx invests $350m in air, ground regional hub at DWC

Here’s why FedEx has invested $350m in Dubai logistics hub

The 57,000-square-metre facility incorporates advanced technologies that include automated sort systems to enhance the efficiency

Etihad- Boeing Dreamliner

Etihad brings home its brand new Boeing 787-9 Dreamliner: Watch

Etihad Airways is set to introduce an upscale passenger experience aboard its newly acquired Boeing 787-9 aircrafts

AI - DEEPFEST

Unlocking the potential of AI across industries: Hear it at DeepFest 2024

From revolutionising customer interactions to advancing national security, AI holds promise for shaping the future of technology and human interaction

Alat co-chief of corporate development, Brian Rogove

WATCH: Softbank, PIF’s Alat to build robots in Saudi Arabia

A new JV will build a ‘lighthouse factory’ that will create robots by year-end, according to Brian Rogove, the co-chief of corporate development at Alat.

Oil hovers near 3-week high on Middle East tensions

Oil hovers near 3-week high on Middle East tensions, China demand

A bearish International Energy Agency report last week revised the 2024 oil demand growth forecast downward as the world shifts to cleaner energy