RTA inks MOUs to dvelop new rail system Image WAM Urban.Mass RTA

Dubai eyes solar-powered rail buses in future transport mix

Two MoUs were signed with two companies that specialise in developing and manufacturing transportation systems, as well as designing mass transportation solutions for zero emissions

Saudi Tadawul Group acquires 32.6% stake in Dubai Mercantile Exchange

Saudi Tadawul Group acquires 32.6% stake in Dubai Mercantile Exchange

The trading platform will be rebranded the Gulf Mercantile Exchange and expand in energy, metals and agricultural products as part of the deal

MoF issues new law governing public-private-partnrships-Photo-courtesy-WAM.jpg

UAE: MoF issues new law governing public-private partnerships

The new law will accelerate the implementation of projects that offer added value for public funds, minimise financial and operational risks to the government

United Printing & Publishing rebrands to E7 Group

Abu Dhabi’s United Printing & Publishing rebrands to E7 Group

The new brand identity combines ‘Emirates’ and ‘7’ and is inspired by the UAE’s unity and future-facing strategy

G42 invests in new edge computing firm Analog

UAE’s G42 unveils new edge computing firm Analog

The venture’s journey from concept to reality is marked by human-focused innovation, design, and solutions that resonate on a human level

Oman

Oman sets up OMR2bn fund to oversee government investments

The fund offers funding and investment solutions to various investor categories including private sector organisations, SMEs, foreign investors, and startups

Dubai news _Yousuf Lootah Head of DET Environmental Sustainability Social Responsibility Committee at the award ceremony for DET's DST stamp initiative Image Supplied

Dubai Sustainable Tourism Stamp: DET awards 70 hotels; see list

Dubai is the first city in the region to mandate sustainability criteria for its hotel classification system, with the DST initiative further reinforces its drive to become a leading sustainable destination

Blacklane Middle East - travel trends (Image: Supplied by Blacklane Middle East)

Here’s how travel, transportation will change for UAE consumers in 2024

As we navigate the ever-evolving travel landscape, 2023 has laid the groundwork for a more conscious, luxurious 2024 journey ahead

jobs in UAE, Saudi Arabia

Trends shaping the 2024 jobs landscape in UAE, Saudi Arabia

Better salaries and a better work-life balance, are the top reasons for seeking a job change, as 62 per cent employees consider a job move this year

ADCB obtains Saudi banking licence in regional expansion push

ADCB secures Saudi banking licence in regional expansion push

The bank will provide services for both corporate and institutional clients, including financing and working capital solutions

Mawani posts 12.07% surge in container handling

Saudi Arabia’s Mawani posts 12.07% surge in container handling

The authority achieved its highest-ever monthly container handling statistics in May 2023, with an 18.8 per cent increase in containers handled at its ports

Sheikh Hamdan launches ‘Dubai Integrated Housing Center’

Sheikh Hamdan launches ‘Dubai Integrated Housing Center’. Here’s why

The centre addresses the diverse needs of citizens, with a specific focus on housing, construction and land services

Dubai UAE

Used cars: UAE’s most popular brands and how much they cost

Online marketplace dubizzle has published its latest 2023 used car sales report, highlighting which brands proved most popular last year

Dubai wealth fund unveils new logo in rebranding push

Dubai wealth fund unveils new logo in rebranding push

The fund is chaired by Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince and Chairman of The Executive Council of Dubai

OKX receives VASP licence from Dusai’s VARA

Crypto exchange OKX secures VASP licence from Dubai’s VARA

When operational, the licence will enable the company to provide spot services and spot-pairs services to qualified retail clients

China Construction Bank’s $600m green bond listed in Dubai

China Construction Bank lists $600m green bond on Nasdaq Dubai

The total value of bonds listed on Nasdaq Dubai by the lender, comprising the issuances by Hong Kong and Dubai branches, now stands at $2.45bn

Parkin CEO Eng. Mohamed Al Ali.

Dubai’s Parkin names RTA veteran as new CEO

Dubai’s newest public joint stock company, Parkin, has announced that Mohamed Al Ali is its new CEO

clean growth -sustainability

Green Economy Partnership headquarters set up in Doha, Qatar

The organisation aims to amplify its impact on global climate initiatives, emphasising collaboration with governments and the implementation of CO2 removal projects that fall under Article 6 of the Paris Agreement

UAE economy to grow by 5% in 2024

UAE economy to grow by 5% in 2024, says S&P Global

The rating agency is projecting continued strong momentum in Dubai’s hospitality, and financial services sectors to drive growth in 2024/25

iLNG supply

Qatari LNG tankers resume course through Red Sea

Several of Qatar’s LNG tankers have resumed sailing through the Red Sea after having been stopped since January 13

Renée McGowan, CEO of Marsh McLennan IMEA

WEF’s 2024 global risk matrix: GCC a beacon of hope

Renée McGowan, CEO of Marsh McLennan IMEA, says the GCC is in a stable position where it could have a positive impact on world affairs.

Saudi inflation eases further in December to 1.5%

Saudi inflation continues to ease in December to 1.5%

The statistics authority said rental prices increased by 9 per cent in December 2023

Saudia to offer air taxi service for Hajj and Umrah pilgrims. the airliene to source aircraft from Lilium Lilium jet Image courtesy Lilium

Saudia to offer air taxi service between Jeddah, Makkah for pilgrims

The group is looking to purchase 100 Lilium jets and German-made electric vertical take-off and landing aircraft to operate the service

GII acquires SAR600m stake in Saudi hospital chain

Dubai’s GII invests SAR600m in Saudi hospital chain

Abeer operates about 50 health-care facilities including hospitals, pharmacies and clinics in Saudi Arabia and the GCC region

DEWA commissions 1,414 substations in 2023

DEWA commissions 1,414 distribution substations in 2023

The number of medium voltage substations (11kV and 6.6kV) reached 44,015 stations by the end of the year

Dubai’s new Latifa City: 3,500 plots, 2,300 homes for UAE citizens

The Dubai housing plots earmarked for UAE citizens span an area of 40 million square feet, including 2,700 plots in Latifa City

Ahmed Abdelaal, group CEO, Mashreq

Power Letters 2024: Ahmed Abdelaal, group CEO, Mashreq

Mashreq is more committed than ever to lead the way in digital innovation, client experience, sustainability, and inclusive growth

luxury real estate in Dubai. Palm Jumeirah, Dubai, United Arab Emirates

Dhs10bn in 1 week: See Dubai’s latest real estate data

Dubai recorded a total of 2,910 real estate and properties transactions valued at Dhs10.1bn for the week ending 12th January

Illegal e-cigarette sales: Oman announces new fines

The Sultanate of Oman has reiterated that traders who illegally sell e-cigarettes could face more stringent fines

ADQ and ADNEC Group to acquire stake in Egyptian hotel company GettyImages-520265584-e1703142282632

UAE’s ADQ, ADNEC Group to acquire 40.5% stake in Egyptian hospitality company

ADQ and ADNEC will invest in the company through a special purpose vehicle, with 49 per cent equity ownership by ADQ and 51 per cent equity ownership by ADNEC