Saudi Pharma Jamjoom to list 30%

Saudi Arabia’s Jamjoom Pharma to sell 30% stake in IPO

The company secured approval from the Saudi Capital Market Authority to offer 21,000,000 shares, representing 30 per cent of its issued share capital

Samsung Pay

You can now pay your DEWA bill with Samsung Pay

DEWA is the first government entity in Dubai to adopt the Samsung Pay option within its digital channels

Emirates, Etihad partnership

Travel to UAE on a single booking: Emirates, Etihad Airways strengthen cooperation

Customers of each airline from this summer can buy a single ticket into either Dubai or Abu Dhabi, and return via the other airport

Etihad Airways BOTIM integration

Etihad Airways, Astra Tech partner to allow bookings on BOTIM

The integration of flights into the BOTIM app allows customers to enjoy a more convenient and all-inclusive travel experience

CBUAE - interest rate

Most GCC central banks raise interest rates tracking US Fed move

Central banks in the GCC usually track the Fed’s policy rate moves as their currencies are pegged to the US dollar

Jordan Tourism Board

ATM 2023: DCT Abu Dhabi, Jordan Tourism Board sign MoU

The MoU represents a one-year agreement to strengthen tourism and economic cooperation and build dual-destination awareness to drive incremental leisure traffic

Drydock

AD Ports Group to expand Khalifa Port with drydock services

With this expansion, Khalifa Port will expand its range of port and marine logistics services, from container and cargo handling to vessel repairs and maintenance

Aldar Properties group CEO Talal Al Dhiyebi

Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 profit

The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years

ATM 2023: Shurooq seeks to drive growth with new developments, upgrades

The projects are poised to continue making a significant impact on Sharjah’s economy as tourism is a key driver of growth in the region

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 

Dubai_Mohammad AlBlooshi - Head of DIFC Innovation Hub and FinTech Hive 2023 DFS

Exclusive: How Dubai is bolstering its global fintech hub status

Mohammad Alblooshi, head of DIFC Innovation Hub and Fintech Hive, showcases Dubai’s role in the global fintech ecosystem

Tecom Group Q1 Dubai-Media-City_web

TECOM Group’s Q1 2023 net profit rises 34% to Dhs255m

The group’s Q1 revenue touched Dhs514m, a 6 per cent year-on-year increase on the back of sustained occupancy levels and high retention rates

Amsa Hospitality

Amsa Hospitality, Accor join forces to bring 18 new hotels to Saudi by 2032

The agreement will see Amsa Hospitality develop a range of Accor’s economy and midscale brands while also acting as the third-party operator by leasing and franchising the assets

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

Mubadala and Apollo jointly invest Brightspeed

Mubadala, Apollo Funds jointly invest $500m in Brightspeed

The investment gives Mubadala a minority shareholding in Brightspeed alongside funds managed by affiliates of Apollo

Image e& Group

UAE’s e& reports consolidated revenue of Dhs13bn in Q1 2023

In the UAE, etisalat by e& recorded 13.9 million subscribers an increase of 6 per cent compared to the same period last year

DIFC Academy

DIFC Academy collaborates with PwC’s Academy to upskill UAE tax practitioners

The two entities will offer the UAE Corporate Tax Diploma Programme

UAE airports _DXB

UAE airports passenger traffic jumps by 56.3% in Q1 2023

The number of people travelling through UAE airports reached approximately 31.8 million, an increase of more than 11.5 million

Sudanese

UAE sends food aid to Sudanese refugees on Chad border

The aid was sent to provide urgent support to refugees affected by the current crisis in Sudan, which has led to the displacement of thousands of families

ADNOC Group AlRuwais plant

ADNOC Group to build new low-carbon LNG plant in Ruwais

The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision

Abu Dhabi's Khalifa Fund, AlMaryah Bank to provide digital banking services

Abu Dhabi’s Khalifa Fund, AlMaryah Bank to provide digital banking services to SMEs

The bank will provide exclusive benefits to Khalifa Fund members in accordance with the agreement

Apparel Group

Apparel Group expands presence in Kuwait with 12 new store openings

The line-up of stores feature brands such as Birkenstock, Beverly Hills Polo Club, Dune London, Levi’s, The Children’s Place, Steve Madden, among others

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

ADNOC Gas

ADNOC Gas, TotalEnergies Gas and Power ink 3-year LNG supply deal

The three-year contract is expected to commence in 2023 and will run through 2025

A.R.M. Holding CEO Mohammed Saeed Al Shehhi on company growth

How A.R.M. Holding sustains competitive edge in Dubai’s real estate market

A.R.M. Holding CEO Mohammad Al Shehhi talks to us on the company’s growth strategy and its growing real estate portfolio

Saudi National Bank profit Q1 2023

SNB to hold 0.5% stake in UBS Group after merger with Credit Suisse

The bank’s investment in Credit Suisse plunged by approximately 20 per cent by the end of 2022 and a further 70 per cent in Q1 2023

Aramco, PIF and China’s Baosteel steel JV

Aramco and PIF set up JV to build steel plant with China’s Baosteel

The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate

Dubai tourism in Q1 2023

Dubai welcomes 4.67 million tourists in Q1 2023

The visitors in Q1 2023 were just two percentage points short of the pre-pandemic volume of 4.75 million tourists that arrived in Dubai in the first three months of 2019

BitOasis is poised to become the first to receive an FMP licence

BitOasis secures MVP operational license from Dubai’s VARA

The crypto trading platform plans to launch new virtual asset products with a continued focus on driving accessibility and consumer protection