COP 28-DR-SULTAN-AL-JABER-UAE

Countries strike deal at COP28 to transition away from fossil fuels

COP28 President Sultan Al Jaber called the deal “historic” but added that its true success would be in its implementation

PureHealth’s IPO attracts Dhs265bn in orders

PureHealth’s IPO attracts Dhs265bn in orders

The offering drew Dhs186bn in orders from professional investors within the UAE and the region

Saudi Aramco enters Pakistan with a 40% stake in GO

Saudi Aramco to acquire 40% stake in Pakistan fuel retailer GO

The state-energy firm said the transaction is subject to certain customary conditions, including regulatory approvals

QATAR AIRWAYS - NEOM

Watch: Qatar Airways lands its first flight at NEOM Bay airport

Qatar Airways announced two weekly flights to NEOM Bay with Airbus A320 aircraft starting December 9

Landor on the 3Ps of sustainability

Insights: Building businesses on the three pillars of sustainability

Collaboration and shared responsibility are necessary to create a more sustainable future where businesses thrive while ensuring a better quality of life for current and future generations

MBC Group sets price range for IPO, seeks to raise $222m

Saudi Arabia’s MBC Group gets $14.5bn orders for IPO

The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing

Dubai Airport chief Paul Griffiths (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Paul Griffiths on Dubai Airports’ bold journey to super-hub status

The head of the airport operator tells Gulf Business how the company is re-engineering every single element of capacity pinch point as Dubai eyes super-hub status

COP28 begins on November 30 Image COP28 X

New COP28 draft deal stops short of fossil fuel ‘phase out’

A coalition of more than 100 countries have been pushing for an agreement would for the first time promise an eventual end to the oil age

UAE green bonds, sukuk issuance hit Dhs15bn

UAE green bonds, sukuk issuance hit Dhs15bn, says SCA

The country has been encouraging issuers to raise green and sustainability-linked bonds, and sukuk to accelerate its transition to a low-carbon economy

Dubai sets up fund to oversee government investments

Dubai sets up fund to oversee government investments

The newly established fund will hold stakes in entities including utility giant Dubai Electricity and Water Authority, toll operator Salik and Dubai Taxi Company

Ali Al Kuwari on embracing smart and sustainable practices in construction

Insights: Embracing smart and sustainable practices in construction

Here’s why modern brands and construction projects must have sustainability and smart features at their core, and not just as an afterthought

James Hartt, director at ad gaming on the growth of abu dhabi as a gaming and esports powerhouse

Insights: Abu Dhabi strengthens its status as a global gaming and esports powerhouse

More than 70 game developers and esports teams are now based in the UAE capital, and this is set to grow rapidly over the coming years

Total passenger traffic rises 64.4% in 2022

Global airlines poised for 2.7% jump in profit in 2024, says IATA

Industry profits will reach $25.7bn in 2024, which is a slight improvement over this year’s $23.3bn

SAXO BANK OUTRAGEOUS PREDICTIONS - 2024

Outrageous Predictions 2024: Saxo Bank picks 8 global events to keep an eye out for

Looking ahead to 2024, Saxo Bank sees a world at an inflection point, with the familiar road of the last decade coming to an end

NEOM launches new food company Topian

Saudi Arabia’s NEOM unveils new food company Topian

The company will spearhead the kingdom’s efforts to ensure food security, mitigate climate change and achieve net-zero emissions by 2060

Eugene Willemsen, CEO Africa, Middle East & South Asia, PepsiCo_Dr. Bob Maughon, Chief Sustainability & Technology Officer, SABIC_Roland Daher, CEO, Astrolabs launch Mega Green Accelerator

Mega Green MENA Accelerator unveiled by PepsiCo, SABIC, AstroLabs

The new initiative aims to nurture the next generation of entrepreneurs in the region to develop solutions to regional and global sustainability challenges

UAE cabinet approves green fuel guideline for aviation

In 2023, the UAE cabinet issued more than 60 policies, initiatives, and decisions to promote the nation’s efforts to combat climate change and its impact

Air Arabia Abu Dhabi launches flights to colombo

Air Arabia Abu Dhabi commences direct flights to Colombo

The airline will connect the UAE’s capital to Colombo with three flights a week on Wednesday, Friday, and Sunday

Thomas Ingenlath, CEO Polestar on decarbonisation

Insights: Why it’s time to drive decarbonisation across the auto industry

To stay on the 1.5-degree pathway for 2050, we have to stop selling fossil fuel cars by 2032 and this means transitioning to BEVs

Dubai’s RTA unveils revamped Strategic Plan 2024-2030

Dubai’s RTA unveils revamped Strategic Plan 2024-2030

The plan is designed to facilitate the development of roads and transport systems that support the 20-minute city

Dubai plans to slash carbon emissions in half by 2030

Dubai plans to cut carbon emissions in half by 2030

The city’s ambitious plan is set to accelerate the momentum that it has achieved in its transition towards clean energy over the last decade

fossil fuel

OPEC members push against including fossil fuels phase-out in COP28 deal

Germany’s state secretary and special envoy for climate action, Jennifer Morgan, said counties were now “moving into the critical stage of negotiations”

DRONE SHOW - THE BEACH, JBR

Dubai Shopping Festival drone and light show returns to The Beach, JBR

The 800-piece drone shows will illuminate the skies with a symphony of colours and shapes, telling two exciting new stories through their display

QIDDIYA CITY

Qiddiya City megaproject brand unveiled by Saudi Crown Prince

Qiddiya City expects to attract an anticipated 48 million visits per year with its never-built-before array of world-class attractions and venues

Kuwait announces four-day break for New Year 2023-24 GettyImages-913894628

Kuwait announces long weekend holiday for 2024: Report

As Kuwait observes a Friday-Saturday weekend, the National Day celebration will give the workforce a four-day break come February

Binance withdraws Abu Dhabi licence application

Binance withdraws Abu Dhabi licence application

The licence would have allowed the crypto exchange firm to manage a collective investment fund

DSF begins on December 8 in Dubai Image DFRE

Dubai Shopping Festival begins: Deals, discounts, fireworks, prizes on offer

Starting on December 8, the Dubai Shopping Festival will run until January 14

Michelin Guide Abu Dhabi 2024 Image supplied

Abu Dhabi: Here are the UAE capital’s latest Michelin starred restaurants

Erth, an Emirati restaurant is the latest entrant to the ‘star’ line-up

ADIO, Faraday Future partner to make electric cars in Abu Dhabi

ADIO, Faraday Future partner to make electric cars in Abu Dhabi

The company’s R&D centre in Abu Dhabi is aimed at accelerating the pace of AI and EV innovation for mobility applications

Wizz Air Abu Dhabi

Interview: ‘Ultra low-cost yet sustainable’, Wizz Air reveals strategic growth plan

Gulf Business speaks to Yvonne Moynihan, chief corporate and ESG officer, Wizz Air as the aviation industry is called upon to chart a path to net zero