Emirates A380 to Osaka

Emirates to launch A380 to Osaka with Premium Economy

The four-class A380 deployed to Osaka will feature 14 First Class suites, 76 lie-flat seats in Business Class, 56 seats in Premium Economy Class, and 338 seats in Economy Class

Saudi Arabia visitors cross 100 million

Saudi Arabia visited by 100 million tourists in 2023

The kingdom aims to attract 150 million tourists by 2030, with 80 million domestic and 70 million international tourists

Jumeirah Group gathers steam on expansion, opens first Saudi hotel, Jumeirah Jabal Omar Makkah

Jumeirah Group gathers steam on expansion, opens first Saudi hotel

In addition to its rooms and suites, Jumeirah Jabal Omar Makkah hosts 88 residences, which sit across the podium of its four towers

Aldar Properties awards contracts worth Dhs22bn in 2023

UAE’s Aldar Properties awards contracts worth Dhs22bn in 2023

The contracts were awarded to 36 UAE-based companies with almost 50 per cent of the value – Dhs10.5bn – being recirculated into the local economy

Bayanat reports robust FY2023 performance AI-GettyImages-1481133084

Bayanat reports 47% revenue growth in 2023, reaches zero-debt position

Bayanat and Yahsat have announced a combined entity, Space42, which will be one of the world’s most valuable publicly listed space companies by market cap

Presight AI-FY2023 results _GettyImages-1194176305

Presight AI FY2023 net profit rises 5.1% driven by projects, global expansion

Presight AI’s Q4 performance saw revenues jumping by 23.3 per cent and net profit margin reaching 42.1 per cent

DTC debuts on DFM Image WAM

Dubai Taxi Company debuts on Dubai Financial Market

Dubai Financial Market applied no price limits on DTC shares during the first day of trading

Dubai hosted 17 million international visitors in 2023

Dubai welcomed 17 million international visitors in 2023

The tourism sector’s performance closely parallels Dubai’s 3.3 per cent GDP growth in the first nine months of 2023

Savola Almarai

Saudi’s Savola to distribute 34.52% stake in Almarai to shareholders

Savola’s board has approved the rights issue and the distribution of Almarai shares

Riyadh Air to use Oracle software in digital-first push

New airline, Riyadh Air, is bulking up its use of enterprise software as the company looks to push a digital first strategy

UAE WEATHER - RAIN

UAE weather alert: Rain, thunderstorms and hail forecast for weekend

Parts of the country will see rain and thunderstorms starting Sunday

Modern Mills to list 30% stake in Riyadh IPO

Saudi Arabia’s Modern Mills to sell 30% stake in IPO on local bourse

The company appointed HSBC as the sole financial adviser, global coordinator and lead manager on the deal and Emirates NBD Capital as joint book runner and underwriter

The Lana opens in Dubai: Inside Dorchester Collection’s first Middle East hotel

The hotel features The Lana Promenade, a central podium hosting retail outlets, restaurants, and an infinity rooftop pool, offering guests a vibrant and luxurious experience

Emirates to reinstate daily service to adelaide Image-Emirates

Emirates to relaunch daily flight to Adelaide

By December, Emirates will return to its pre-pandemic capacity offering 77 weekly services to Australia,with the ability to transport 68,000 passengers per week

mohamed alabbar-eagle hills group

5 things to know about Emaar’s new mall at Dubai Creek Harbour

Emaar’s ambitious new retail project at Dubai Creek Harbour could potentially be bigger than its flagship Dubai Mall

Saudi Arabia’s NEOM expands global reach with New York office

Saudi Arabia’s NEOM expands global reach with New York office

The new office presents an opportunity for the company to explore new partnerships and investments

UAE Dubai four-day work week

UAE jobs: Flexible, hybrid work structure unveiled for federal employees

These flexible work types may be granted to employees by federal authorities under exceptional circumstances

Jeddah, Saudi Arabia

Jeddah Central signs SAR12bn contract to develop architectural landmarks

The Jeddah Central Development Company is a Public Investment Fund (PIF)-owned developer, mandated with redeveloping Saudi Arabia’s historic city

Etihad Airways

Etihad Airways signs code share with Air Serbia, increases flights to Middle East, India

Etihad Airways is ramping up its offerings for spring and summer travel with a code share with Air Serbia and increased flights to Riyadh, Bengaluru

GCC travel and tourism

GCC travel and tourism: On a steady path to growth

Chris Ross, chief commercial officer, EMEA Collinson, gives us insights into how the travel industry is contributing to the region’s economy and key travel trends

Regulations for VASPs GettyImages-1366240594

Virtual assets: Why VASPs should stay on the right side of the law

The UAE is ushering in a new era of regulatory oversight for virtual asset activities. We speak to Karm Legal Consultants about what this means for virtual asset service providers

Amit Midha, Global CEO of Alat

Amit Midha to lead PIF-owned Alat as global CEO

Midha, a seasoned business leader with experience across Asia, the US, India, and Singapore, joins Alat from Dell Technologies

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

The solution is expected to be a great addition to Maqta Gateway’s in-house single window offering for ports’ digitalisation

The impossible angle: Pushing the boundaries of network security

Security camera manufacturers are constantly enhancing their solutions, with the most prolific trend right now being the integration of AI-driven technologies and advanced data analytics

7 reasons why investors can't resist Dubai's real estate sector by Espace's John Lyons

Seven reasons why investors can’t resist Dubai’s real estate sector

High rental yields, demand for luxury homes and return on investments, here’s why investing in Dubai’s property market is appealing, explains Espace Real Estate’s MD

GCC insurance sector growth soars: $44.4bn projection by 2028

Saudi Arabia has emerged as the largest insurance market in the GCC surpassing the UAE

Aldar invests Dhs22bn in development projects in 2023

UAE’s Aldar Properties unveils Dhs5bn investment plan

The office and retail assets are part of the property firm’s investment portfolio, which houses Dhs25bn of income-generating real estate assets

IHC Announces Stellar Preliminary Financial Results for 2023 Image courtesy IHC X

IHC sees 18% revenue jump in 2023, as diversification pays off

Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn

DFSA issues first ESG fee waiver to Emirates NBD

DFSA issues first ESG fee waiver to Emirates NBD

The waiver applies to all new and repeat issuers who make a relevant application to the financial regulator

Anthony Blinken - Riyadh

Oil prices mostly flat as Antony Blinken visits Riyadh

US Secretary of State Antony Blinken is in the region to discuss a ceasefire offer between Israel and Hamas