Dubai launches world's first sustainable mobile floating fire station

Dubai launches world’s first sustainable mobile floating fire station

The station boasts a notable speed of 11 miles per hour, allowing it to swiftly reach incident locations

ALDAR

Aldar reports record 40% net profit on sales surge

The company attributed the growth to its highest-ever quarterly development sales of Dhs8.5bn in Q4, with full-year sales reaching a record Dhs27.9bn

oil

How much spare oil production capacity do energy producers have?

The level of spare capacity – or the perception of how much is available – can influence world oil prices.

UAE WEATHER - RAIN - FLEXIBLE WORK - REMOTE LEARNING

UAE: Flexible working for private sector, remote learning for schools amid weather warnings

The adverse weather conditions are attributed to a surface low-pressure system extending from the southwest, accompanied by humid south-easterly winds

IMF

IMF forecasts 2.9% growth for MENA in 2024

IMF revised its GDP growth forecast for the Middle East and North Africa region downwards to 2.9 per cent this year

Zayed international Airport Image Abu Dhabi Airports

Abu Dhabi International Airport is now Zayed International Airport

The new name reflects the airport’s commitment to innovation, seamless travel experiences, and sustainability

remote work - UAE RAINS / UNSTABLE WEATHER

UAE rains: Remote work for public sector workers on February 12

The meteorological authority has issued an advisory urging residents to observe safety protocols, particularly in areas prone to heavy rainfall

Abu Dhabi road closure

Rolling road closure across Abu Dhabi for UAE Tour Women’s event on Sunday

The ITC has announced a rolling closure on February 11 across Abu Dhabi

Traffic fine discount - Abu Dhabi - UAE

Abu Dhabi Police’s 80kph lower speed limit for bad weather: What you should know

Fines for exceeding the temporary limit vary based on the degree of speeding in Abu Dhabi

chinese new year

Chinese New Year celebrations 2024: Fireworks in Dubai, Dragon Show in Abu Dhabi

From iconic landmarks like the Burj Al Arab to family-friendly destinations such as Global Village, numerous celebrations have been organised to ring in the Lunar New Year

Sam Altman of OPENAI

OpenAI hits $2bn revenue milestone, looks for investors in UAE

Investors have valued the San Francisco-based startup at more than $80bn

Saudi Aramco lines up banks for potential share sale

Saudi Arabia poised for new Aramco share sale: Report

The government has lined up Citigroup, Goldman Sachs and HSBC for the sale, which could take place in the second or third quarter of this year

DEWA posts Dhs29.2bn in full-year profit

DEWA’s full-year revenue jumps 7% on water, electricity demand

The system demand for power surged to 56.5 TWh in 2023 while water demand grew by 5.2 per cent to reach 144.1 billion imperial gallons

RTA introduces new weeken only bus service to Al Mamza beach Image courtesy RTA X

Dubai gets new weekend bus service to this beach; more citywide route changes

A new weekend-only bus service, W20, will run from Friday to Sunday, from Stadium Metro Station to Al Mamzar every half hour between 5 pm and 11 pm

UAE-Cambodia CEPA goes into effect: Here’s how free trade pacts lift growth

The agreement is expected to boost trade and investment flows in priority sectors such as logistics, infrastructure, travel, tourism, and renewable energy

defense - defence

Saudi Arabia signs deals worth over SAR20bn at World Defense Show 2024

The contracts cover a wide range of defence technologies and initiatives, with a focus on enhancing military equipment and infrastructure

ChatGPT prompts - with artificial intelligence Man who is discussing marketing analytics. Future. Work by AI smart robot technology.

Hackathon for Dubai students aims to spur on AI interest

The 3-day hackathon will challenge high school students, in teams of 2-4, to design functional projects using AI technologies to help their peers and community

Lunate, Blue Owl partner to invest in mid-size asset managers

ADQ’s Lunate partners with Blue Owl to invest in mid-size asset managers

The joint venture seeks to acquire minority stakes in private market investment managers with fee-paying AuM of less than $10bn

Dubatt unveils first fully integrated battery recycling plant_Image_Dubai Media Office

UAE’s first battery recycling plant to power circular economy

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City

RERA fines 30 real estate companies for non compliances with T&Cs stipualted in ads GettyImages-1129092019-1

Dubai: RERA fines 30 real estate firms for this violation

The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance

Rolls-Royce

Rolls-Royce marks Lunar New Year with ‘Year of the Dragon’ Phantom and Cullinan: In photos

Rolls-Royce Bespoke Collective has revealed a modern, minimalistic expression of the dragon never previously seen in its cars

oil

Oil heads for weekly gains after Israel rejects ceasefire offer

Non-OPEC output from Norway and Guyana is increasing while Russia is exporting more crude in February than it planned

EMAAR FY2023 results -photo-courtesy_emaar

Emaar FY2023 profit rises 70%, property sales reach $11bn

The Dubai-based developer reported a 7 per cent increase in revenues to Dhs26.7bn ($7.3bn)

world government summit

World Government Summit 2024: All you need to know

The event will feature over 25 heads of state and governments, 120 governmental delegations, and 85 international and regional organisations

Emirates announces global partnership with NBA, including title sponsorship

Emirates announces partnership with NBA, including title sponsorship

The global partnership deal includes the first-ever referee jersey patch partner of the NBA, starting with the 2024 NBA All-Star Game

Rimac Nevera: World’s fastest, road-legal EV now in UAE

Rimac will reportedly produce only 150 Nevera cars with a price tag of $2.1m each

Aldar to invest $$111m in Europe logistics and storage assets

Aldar, Carlyle to co-invest $111m in Europe logistics and storage assets

The developer will take a majority stake in a co-investment platform, which includes a portfolio of 14 warehouses in the UK

UAE launches ambitious new intellectual property system

UAE launches ambitious new intellectual property system

In 2023, the UAE has witnessed growth in IP applications, with a 9.6 per cent increase in trademarks and a 29.5 per cent increase in intellectual work registrations

In numbers: Dubai real estate registers best-ever performance in 2023

The value of real estate transactions exceeded Dhs634bn with the number of transactions reaching over 166,400 real estate transactions in 2023

ADNEC Group contribute Dhs7.4bn to the local economy

ADNEC Group’s economic contribution in 2023 tops Dhs7.4bn

The Abu Dhabi National Exhibition and Al Ain Convention Centre welcomed 1.78 million visitors, up 123 per cent from 802,000 visitors in 2022