Dubai's Emirates to invest $135m in new pilot training facility

Dubai’s Emirates to invest $135m in new pilot training facility

The new facility will be ready in 2024, and will have the potential to expand the airline’s pilot training capacity by 54 per cent annually

DFM and DWTC to host IPO summit in Dubai

Gulfood 2023: Over 5,000 exhibitors to participate this year

The 28th edition of the exhibition is being held at the Dubai World Trade Centre

Almarai

Saudi’s Almarai completes acquisition of International Dairy and Juice for $68m

The purchase was funded from Almarai’s internal cash flows

Dubai Can Photo courtesy Dubai DET Twitter

Dubai Can reduces use of over 7 million SUP bottles

Dubai Can has installed water fountains in strategic places across the city, including public parks, beaches, and tourist destinations, to help people refill bottles

Sheikh Hamdan approves new model for government excellence

Sheikh Hamdan approves new model for government excellence

The new government excellence model aligns with recent developments in government work mechanisms, including the ‘Services 360’ policy and the Dubai Future Readiness Index

Edge Group acquires Gradeone

Abu Dhabi-based Edge Group acquires 70% stake in Gradeone

Gradeone, which has partnerships within the defence, rescue, and security sectors, will join Edge’s Trading and Mission Support cluster

Power Letters 2023: Mohammed Qasim Al Ali, group chief executive officer, National Bonds

Power Letters 2023: Mohammed Qasim Al Ali, group chief executive officer, National Bonds

At the very core, we believe economic and social stability stems from a financially secure population

AstraZeneca to construct sustainable offices at Dubai Science Park

AstraZeneca to construct sustainable offices at Dubai Science Park

The move is part of the biopharmaceutical giant’s global green agenda

ADNOC Gas

ADNOC Gas announces intent to list 4% stake on ADX

More than three billion shares will be offered in the IPO

China grants Saudi Arabia Approved Destination Status

Saudi launches company to develop world’s largest downtown in Riyadh

The new Murabba project will feature a museum, a technology and design university, a multipurpose immersive theater, and more than 80 entertainment and culture venues

Emirates to increase flights on Dubai-Cairo route

Emirates to increase flights on Dubai-Cairo route

The Egyptian capital will be served with 28 weekly flights, starting October 29

New UAE visa entry permit updates

UAE announces updates to 15 services linked to visa, entry permits

The updates include a one time visa extension for a period of 30 days for 90-day visa holders

Saudi Arabia to host FIFA Club World Cup in 2023

Saudi Arabia to host FIFA Club World Cup in 2023

The tournament will be held from December 12-22

ADNOC delivers first Middle East LNG cargo to Germany

The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year

Flydubai to launch daily service to Mogadishu

Flydubai to launch daily flights to Mogadishu

With the launch of the new service, flydubai will expand its network in Africa to 11 destinations

Hai Ramadan at Expo City Dubai photo WAM

Enjoy Expo City Dubai’s ‘Hai Ramadan’ offerings

Featuring a showcase of age-old traditions to food, fun, games and a night market, Expo City Dubai’s Hai Ramadan will run for a period of 50 days

Dubai pilots autonomous food delivery robots

Dubai trials food delivery robots

Three robots will serve the residents of Cedre Villas, a gated community in Dubai Silicon Oasis

Aramex completes testing of drone and bot deliveries in Dubai

Aramex completes testing of drone and bot deliveries in Dubai

The company plans to expand its drone and robot delivery testing across the Middle East and Africa region

Dubai's Emaar announces net profit rise of 80% to Dhs6.8bn, riding on record property sales

Dubai’s Emaar sees 80% net profit rise to Dhs6.8bn, supported by record property sales

Emaar’s group property sales in 2022 reached $9.5bn, primarily driven by new project launches

How Dubai's AIX Investment Group is forging sports partnerships to propel growth

Cover story: How Dubai’s AIX Investment Group is forging sports partnerships to propel growth

Establishing alliances beyond the traditional realm of finance are expected to yield promising returns for the advisory firm. And the returns may not be only monetary in nature

ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt

ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt

The deal includes a downstream portfolio of 240 fuel retail stations, more than a 100 convenience stores, and over 250 lube changing stations

Emaar Development records property sales worth $8.36bn in 2022, a YoY increase of 12%

Emaar Development records property sales worth $8.36bn in 2022, a YoY increase of 12%

Emaar Development reported earnings before EBITDA of Dhs4.22bn, achieving 17 per cent growth in net profit to Dhs3.80bn

UAE, Kuwait link traffic systems

UAE, Kuwait link traffic systems

Officials at the meeting held in Abu Dhabi discussed ways to enhance existing cooperation between the two countries in police and security fields

Dr. Ryan Lemand on benefits of financial crime enforcement in the UAE

Opinion: The impact of UAE’s strengthened financial crime enforcement

The UAE has been investing and setting up regulatory bodies specialising in financial crime, particularly, the Executive Office of Anti-Money Laundering and Counter Terrorism Finance

Saudi’s PIF invests $1.3bn in four local construction companies

The transactions are part of the fund’s strategy to enable the kingdom’s strategic sectors

Abu Dhabi fund for development sign MoC with IFC to invest in clean energy

Abu Dhabi Fund for Development, IFC to support investments in clean energy transition

The entities signed the agreement during the World Government Summit to support investments in emerging markets related to climate mitigation and adaptation, the adoption of clean technologies, and food security

Abu Dhabi economy achieves 10.5% growth in first 9M of 2022

Abu Dhabi economy shows 10.5% growth in first nine months of 2022: SCAD

Non-oil sectors contributed 50.3 per cent to the GDP, with an increase of Dhs39bn compared to the same period in 2021 to reach Dhs417.3bn in total by the end of Q3 2022

UAE telecom operator du posts 10.8% growth in 2022 net profit

UAE telecom operator du posts 10.8% growth in 2022 net profit

Full-year revenues grew by 9.2 per cent to total Dhs12.75bn, while EBITDA increased by 12 per cent to equal Dhs5.14bn

UAE's Julphar appoints new CEO to drive growth strategy

UAE’s Julphar appoints new CEO to drive growth strategy

Basel Ziyadeh will succeed Dr Essam Mohamed, who stepped down from the role, having joined in 2020

empower Dubai

Dubai: Empower’s net profit tops Dhs1bn for 2022

The company proposed a dividend amount of Dhs425m for the second half of 2022