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

Morocco

UAE, Morocco review strengthening financial, economic cooperation

Both the countries agreed to double the volume of trade and investment exchange over the next seven years

AD Ports Group strengthens fleet

AD Ports Group bolsters its fleet with Dhs955m investment

The acquisition of the new vessels is part of the company’s expansion strategy that is aimed at broadening its portfolio of services

Rotana at ATM (Image: Supplied by Rotana)

ATM 2023: Rotana to have 120 operational hotels by 2030

Saudi Arabia and Egypt will be the key markets for the group’s expansion in the region

Arabian Travel Market Dubai 2023 Photo WAM

Arabian Travel Market 2023 starts on May 1

For the first time, Arabian Travel Market 2023 will feature a Sustainability Hub, which will offer a venue for sessions dedicated to the latest sustainable travel trends and innovations

Abu Dhabi to welcome more visistors photo WAM DCT Abu Dhabi

Abu Dhabi to welcome more than 24 million visitors this year

Abu Dhabi welcomed 18 million visitors in 2022, which is a 13 per cent increase from the previous year

Dubai Culture launches mobtakir

Dubai Culture launches Mobtakir diploma for entrepreneurs

Applications are currently open and without charge to all UAE residents, including students, professionals, and small business owners until May 20

UAE increase petrol price

UAE raises fuel prices for May 2023

The fuel price committee marginally increased petrol prices by 15 fils for the month of May

UAE Banks Federation signs off on strategic plan and goals photo WAM

UAE Banks Federation approves strategic plan to boost banking sector

The plan will see 5,000 UAE nationals employed in the banking and financial sector by 2026

sneakers

Are you ready to invest in sneakers?

From everyday wear to an alternative asset class, we look at the transformation of sneakers

Middle East venture capital market

The Middle East’s booming venture capital market

The drive for economic diversification and state-backed initiatives together with financial support for startups is fuelling Middle East’s venture capital industry

Sheikh Mohammed names deputy rulers of Dubai

Dubai leadership: Sheikh Mohammed appoints two deputy rulers

The two deputy rulers of Dubai were named with the issuance of Decree No 21 of 2023

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

Four Seasons NEOM resort

Four Seasons to develop new island resort in NEOM’s Sindalah

The resort will feature 225 guest rooms and suites with terraces overlooking the beaches of the Red Sea

Al Ghurair Foods

KEZAD Group, Al Ghurair Foods team up for Dhs1bn food processing projects

The agreement will mark the first phase of Al Ghurair Foods division’s investments in KEZAD

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

ADIB net profit Q1 2023

ADIB’s Q1 2023 profit surges to $299m on higher margins

The Islamic bank made a profit of Dhs1.1bn in the three months to March 31, up from Dhs715m in the same period last year

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

economy

Insights: The journey of building global businesses from a thriving economy

Jessica Wong, managing partner at eWTP Arabia Capital looks at how Saudi Arabia is uniquely placed to leapfrog innovation hurdles and build businesses with global impact

Breitling Premier B01 Chronograph 42 Collection_RGB

Breitling Premier chronograph makes its return after 80 years

The new Premier models are available on either a crocodile leather strap or a stainless steel bracelet

Aman Wadi Safar (Image: Supplied by Diriyah)

Aman Group to open two properties in Saudi Arabia’s Diriyah

Aman Wadi Safar will include 78 keys, while Janu Diriyah will feature 120 guest rooms

bilateral trade

UAE, European Union discuss boosting bilateral ties

Non-oil bilateral trade between the UAE and EU amounted to $56bn in 2022, achieving growth of 9.3 per cent

UAE Emiratisation

UAE announces new 2023 Emiratisation deadline

The authorities reminded non-compliant companies that they faced half-yearly fines of Dhs42,000 for every Emirati not hired

TAQA invest in clean energy startup

TAQA joins $37.3m funding round for clean energy startup Xlinks

Xlinks will use the proceeds to undertake the development of plans to lay the world’s longest high-voltage direct current subsea cables between the UK and Morocco

Air India (Image: supplied by Boeing)

Air India increases frequency to Dubai from Mumbai, Delhi

It includes an all-new flight on the Delhi-Dubai sector which will commence from April 29

Knight Dragon’s Sammy Lee

How Knight Dragon plans to revolutionise Saudi Arabia’s real estate landscape

The developer shares the same vision as the authorities in Saudi Arabia and the company plans to open an office in Riyadh in Q4 2023

ACWA Power’s Egypt solar project secures $123m financing

The project already has equity bridge loans of $14m from the EBRD and $45m from the APICORP

Ethmar

Abu Dhabi royal-led firm Ethmar to list after capital raise

The firm which holds more than 25 subsidiaries is chaired by Sheikh Hamdan bin Mohammed bin Zayed Al Nahyan