Etihad Airways announces new routes to two European destinations

Etihad Airways announces new routes to two European destinations

The flights will be operated using the Boeing 787 Dreamliner aircraft

Saudi inflation

Saudi inflation hits 3.3% in December, highest in 18 months

Prices for housing, water, electricity, gas and other fuels in the kingdom rose an annual 5.8 per cent, while food and beverages were up 4.2 per cent

Qatar's QNB reports 9% rise in net profit to hit $3.9bn

2022: Qatar’s QNB reports 9% rise in net profit to hit $3.9bn

The lender’s operating income increased 24 per cent to reach $9.6bn

World Future Energy Summit is hosted by Masdar and is part of Abu Dhabi Sustainability Week

Abu Dhabi Sustainability Week 2023: World Future Energy Summit opens on Jan 16

A summit highlight is the new one-day ENOWA ENACT conference on January 17 from the energy, water, and hydrogen subsidiary of NEOM

Emirates to resume passenger services to Shanghai, Beijing

Dubai’s Emirates to resume passenger services to Shanghai, Beijing

The carrier’s four weekly flights to Guangzhou will also increase to a daily service from February 1

UAE President receives Azerbaijan's head of state

UAE President receives Azerbaijan’s head of state

The president of Azerbaijan, Ilham Aliyev, is paying a working visit to the UAE

UAE-South Korea MoU and agreements signed photo courtesy WAM

UAE, Korea to advance strategic partnership, sign MoUs related to space, clean energy, defence sectors

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea, witnessed the signing of the MoUs and agreements

Dubai Municipality launches digital platform courtesy Dubai Media Office

Dubai Municipality’s new digital platform showcases eight natural reserves

The platform aims to encourage eco-friendly, sustainable tourism in Dubai’s natural reserve zones, offering information and services linked to the reserves on one platform

UAE and South Korea's Presidents_photo wam

UAE President receives South Korea’s head of state

President Yoon Suk Yeol, who is accompanied by First Lady Kim Keon-hee, is in the UAE on a state visit

Saudi Arabia's PIF and Maaden sign JV

Saudi Arabia’s Public Investment Fund and Ma’aden to set up JV

The joint-venture company aims to initially invest in iron ore, copper, nickel, and lithium as a non-operating partner taking minority equity positions

South Korean president arrives in UAE on Jan 14, 2023 pic courtesy WAM

South Korea’s President Yoon Suk Yeol arrives in UAE on state visit

The South Korean President was received by Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs and International Cooperation

UAE President Sheikh-Mohamed bin Zayed Al Nahyan issues law to establish Abu Dhabi Media Office _photo WAMcourtesy

UAE President issues law establishing Abu Dhabi Media Office

The new entity will form strategic partnerships with local, regional, and international media organisations to advance Abu Dhabi’s media sector

Avalon Properties CEO Ahmad Ibrahim

Dubai’s real estate sector had a remarkable year in 2022, says Avalon Properties’ CEO

Avalon Properties also experienced robust growth during this period, growing its operations across the UAE, covering Abu Dhabi, Dubai, and Sharjah

Saudi National Bank to raise capital in Credit Suisse by $4.1bn

Saudi National Bank to raise capital in Credit Suisse by $4.1bn

Saudi National Bank was an anchor investor in Credit Suisse’s capital raise and now holds 9.9 per cent in the firm

Dubai Police's first all-women SWAT team photo courtesy Dubai Police_facebook

Dubai Police reveals first all-women SWAT squad

Female officers are breaking the norm by conquering specialisations that were dominated by men, says Dubai Police commander-in-chief

UAE president meet Pakistan head of state courtesy WAM

UAE President receives Pakistan PM, leaders discuss cooperation

The leaders also witnessed the announcement of three memoranda of understanding

Nafis

Sheikh Mansour bin Zayed reviews NAFIS’ 2022 results and 2023 Emiratisation targets

NAFIS data shows that the number of UAE nationals who joined the private sector since the launch of the programme reached more than 28,700 by the end of 2022

Ferrari

Ferrari World Abu Dhabi’s new mega-coaster is now open to public

Mission Ferrari brings the park’s offerings to over 44 Ferrari-inspired attractions

Mubadala

Mubadala, US-based Resilience to manufacture biopharma in UAE

As part of the agreement, Mubadala will construct the new facility, where Resilience will manufacture biopharmaceutical-related products

Saudi wealth fund joins $930m pre-IPO bet on Korean anime giant

Saudi Arabia has been beefing up investment and business ties with Korean companies, becoming a major shareholder of NCSoft Corp as well as Tokyo-listed Nexon Co

UAE residence-visa

UAE golden visa: 79,617 visas issued in 2022, says GDRFA

The General Directorate of Residency and Foreigners Affairs in Dubai processed over 62.24 million transactions last year

Central-Bank-of-the-UAE

UAE Central Bank issues new anti-money laundering guidelines

The new guidelines involve the use of digital ID systems by LFIs to address their customer due diligence obligations

Qatar tourism Mwani cruise season

Qatar to welcome 200,000 visitors in 2022-23 cruise season

Qatar Tourism and Mwani Qatar have forecast the arrival of more than 50 cruise liners until April

Visitor

Ras Al Khaimah records highest visitor numbers in 2022

The full-year figures follow a strong December performance in which the emirate welcomed its highest ever footfall in one month, with over 128,000 visitors

Red Sea project render

Saudi Arabia: The Red Sea to join exclusive Serandipians’ luxury network

Upon completion in 2030, The Red Sea will comprise 50 resorts, offering up to 8,000 hotel rooms and over 1,000 residential properties across 22 islands and six inland sites

ADNOC

Abu Dhabi’s ADNOC sets up new gas processing, operations and marketing entity

ADNOC Gas will serve domestic and international customers with an expanding portfolio of gas products

Saudia

Saudia opens airport operations building in Jeddah

The mini terminal includes artificial intelligence-powered self-boarding kiosks and five luggage carousels as well as 15 meeting rooms for pre-flight cabin crew briefings

Qatar

Qatar launches first commercial charter flight to and from Kazakhstan

The nation has identified Kazakhstan as one of 15 target markets where tourists can relax, rejuvenate and enjoy Qatar’s vibrant culture

Olam Group plans to list agribusiness unit in Saudi Arabia

Olam Group plans to list agribusiness unit in Saudi Arabia

The proposed initial public offering of Olam Agri in Saudi Arabia would be the first listing of a global company in the country

Investcorp

Bahrain’s Investcorp set to invest $1bn in GCC real estate over five years

Investments worth $100m are under consideration in Saudi Arabia