Riyadh Air marks first year anniversary. Milestones in numbers

In numbers: Riyadh Air marks first anniversary, see key milestones

Riyadh Air has signed significant agreements so far with aviation, transportation and sport partners, including Saudia, Turkish Airlines, Boeing, GE, CAE, Swiss AS, Lufthansa Systems, Lucid Motors and Atlético de Madrid

saudi arabia - Vision 2030 - IMF

PIF-backed Jada commits $266m in its first venture debt investment

This investment aims to bolster the growth of the Venture Debt ecosystem in Saudi Arabia.

Egypt raises minimum wage by 50% as part of ‘urgent’ package

Egyptians remit more money home after devaluation

The devaluation was part of an $8bn financial support agreement that Egypt last week signed with the International Monetary Fund

road

4 areas in Dubai where RTA roadwork upgrades are complete

About 18 km of roadworks, as well as the installation of lighting poles along 17 km of existing streets has been completed in Dubai’s Margham, Lehbab, Al Lesaili, and Hatta

Nouran Living by Aldar launches in Abu Dhabi Image: Aldar

Community takes centre stage at Aldar’s new Nouran Living

Construction on Nouran Living is set to begin in Q4 this year, with handovers expected in Q4 2027

DIFC enacts comprehensive digital assets law Image-DIFC

Dubai’s DIFC enacts world’s first comprehensive digital assets law

The new legislation came into effect on March 8 and is available for public access through the DIFC’s Legislative Database

Global carbon markets value hit record $949bn in 2023

CarbonCapture raises $80m from Saudi Aramco, others

CarbonCapture builds modular machines that contain material that absorbs carbon dioxide when cooled and releases it when heated

Dubai diamond trade in 2023 Image Getty Images

Dubai diamond trade value dazzles at $38.3bn in 2023

The UAE remains largest trade hub for rough diamonds, with $21.3bn-worth of rough diamonds traded in 2023

Abu Dhabi AI group G42 unveils new AI tool BoardNavigator

How Abu Dhabi’s G42 is bringing AI to the boardroom

BoardNavigator will be able to analyse large proprietary and public data sets to support board members in decision-making processes

Eid al Fitr

When is Eid al Fitr 2024? Here’s how it could be a 9-day long holiday

The official Eid date depends on the spotting of the moon closer to the end of the month of Ramadan

Parkin raises share size allocated to UAE retail investors

Parkin IPO: UAE retail offering increased on strong demand

The company increased the allocation of retail investor shares to 89,964,000 ordinary shares from 74,970,000 ordinary shares

DIFC’s five-year innovation strategy for financial services

These 10 nationalities topped Dubai Chamber of Commerce signups for 2023

Latest data published by the Dubai Chamber of Commerce highlights the nationalities of new non-UAE businesses who joined the chamber last year

cadillac escalade - car - ramadan

Upgrade your car: 5 unbelievable Ramadan deals on luxury vehicles

Car manufacturers and dealers are offering extremely lucrative deals on a range of vehicles this Ramadan

Sanjay Shah

Denmark begins court trial against Sanjay Shah in fraud case

Anthony Mark Patterson, who is seen as Shah’s closest accomplice, was in February sentenced to eight years in prison in Denmark’s first criminal cum-ex trial

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi’s ADIA invests in private credit fund Cheyne Capital

The investment is for the ninth round of the Cheyne Real Estate Credit Holdings programme bringing ADIA’s total commitment to $831.3m

shark tank uae-dr shimmari

‘If you don’t integrate AI, you’re out’: Shark Tank contestant talks future of startups

Dr Abdullah Al Shimmari, an entrepreneur and participant in TV shows like Bebaan and Shark Tank, shares insights into securing funding and the future of AI in business

Oil hovers near 3-week high on Middle East tensions

OPEC, IEA oil demand forecasts since 2008: A comparison

OPEC and the IEA, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years in their views on fuel use

Archer Aviation to build vertiport network in UAE

How the UAE is ramping up plans to launch flying taxis

The use of electric vertical take-off and landing aircraft is expected to reduce travel times between Dubai and Abu Dhabi to 30 minutes

Abu Dhabi pushes deeper into AI with new investment firm

Abu Dhabi pushes deeper into AI with new investment firm

MGX counts Abu Dhabi wealth fund Mubadala Investment Company and Group 42 as its founding partners

RTA inaugurates cycling tracks in Al Khawaneej, Mushrif

Dubai: Cycling tracks in Al Khawaneej, Mushrif now open to public

The new tracks mark a significant step towards Dubai’s ambitious goal of reaching 1,000 kilometres of cycling tracks by 2030

UAE President receives Egypt President photo Wam

S&P upbeat on Egypt rating after $35bn UAE deal

Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support

Boeing 737 max- boeing

More trouble for Boeing as FAA audit finds dozens of issues in 737 MAX production: Reports

Reports say that Boeing failed a check which dealt with the component that blew off the Alaska Air jet

Women returning to work could contribute $385bn to MENA region, shows study

Nearly half of working women in the MENA region have taken a career break, with over 68 per cent taking them at experienced levels and above, revealed the PwC study

EFG HERMES - gcc economy - sector

EFG Hermes reveals five must watch sectors for 2024

Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets

Ian Goh talks during LEAP 2024. (Supplied)

Singapore streaming outfit BIGO targets $500m investment in Saudi Arabia

BIGO has a 5-year plan to launch 500 jobs with an investment of $500m in the Kingdom of Saudi Arabia

Bahrain holiday

Bahrain: Golden licence initiative attracts $2.4bn in investments

With Bahrain’s FDI stock relative to GDP surpassing the global average at over 81 per cent, international investors continue to trust its competitive value proposition

Saudi Arabia, Qatar - GCC

Lower GCC growth amid oil cuts, says Oxford Economics

GDP growth for Saudi Arabia in 2024 is expected to top 2.1 per cent, while growth in the UAE is set to reach 4.4 per cent

Abu Dhabi’s Unifrutti expands footprint with fresh acquisitions

Abu Dhabi’s Unifrutti eyes further Latam growth after fresh acquisitions

The company is owned by Abu Dhabi wealth fund ADQ and distributes 500,000 metric tonnes of fresh fruits worldwide per year

Salam CEO Ahmed Al-Anqari

Salam CEO Ahmed Al-Anqari on Saudi Arabia’s telecoms opportunities

Salam’s chief executive officer gives us insight into how his company is growing, as well as some of the big announcements that they made at LEAP 2024 in Riyadh

Abu Dhabi greenlights Dhs66bn development blitz in 2024 Image Ab Dhabi Media Office

Abu Dhabi green-lights Dhs66bn development drive in 2024

Marking a significant focus on bolstering the housing sector, over Dhs59bn has been earmarked for the development of housing and public facilities throughout Abu Dhabi