Red Sea Global unveils Shebara its luxury hotel brand Image: Supplied

Red Sea Global unveils Shebara, its luxury hotel brand

Shebara will open in the summer of 2024 and is the first resort to be owned and operated by RSG at The Red Sea destination

Dubai Customs handles over 16 million bags as of Sept '23

Here’s how many bags Dubai Customs handled as of Sept ’23

Inspectors from Dubai Customs dealt with 504 cases during the same period, including both customs and criminal cases

SABIC PRESS CONFERENCE Q3_tcm1010-42370

Saudi Arabian petrochemical giant SABIC reports Q3 net loss

SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand

Dubai Airshow image 2023 image courtesy WAM

Dubai Airshow 2023 to bring together over 1,400 exhibitors from 95 countries

The 18th edition of Dubai Airshow is set to take place from November 13-17 at Dubai World Central

IHG opens Makkah’s largest hotel (Image: Supplied by IHG Hotels and Resorts)

IHG opens Makkah’s largest hotel

The voco Makkah hotel is a 4,321-key property with 20,000 sqm of dining facilities

oil

Saudi to continue voluntary cut of one million oil barrels a day in December

Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day

IHC consolidates ‘green businesses’ assets under Sirius International

IHC consolidates ‘green businesses’ assets under Sirius International

The transaction represents the completion of a key milestone and is part of the conglomerate’s plans to grow Sirius into one of its key subsidiaries

Dubai Harbour welcomes Virgin Voyages 2_ Dubai Cruise Season Image Supplied

Dubai 2023-24 cruise season: Emirate welcomes Resilient Lady from Virgin Voyages

The call is one of a number of international cruise liners set to arrive at Dubai Harbour during this year’s cruise season, with 300,000 passengers and 49 ship calls

GCC neobanks and the next banking revolution

How GCC neobanks are shaping the next banking revolution

Neobanks have reset the paradigm for the traditional banking industry in terms of customer experience, product innovation and pricing

Arabian Drilling posts SAR920m on higher rig activity

Arabian Drilling’s Q3 revenue surges by 16% on higher rig activity

The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs

COP 28 meet to discuss loss and damage fund concludes successfully GettyImages-1340683804-e1644584765829

COP28: Meet to discuss implementation of Loss and Damage Fund concludes successfully

The agreed recommendations will now be socialised with national governments ahead of COP28, so the fund can be activated and capitalised

RTA to build 40 new air-conditioned delivery rider rest areas

RTA to build 40 new air-conditioned delivery rider rest areas

The authority said each rest area accommodates up to 10 people and has ample parking spaces for motorcycles adjacent to the facility

UAE President issues order to initiate Gallant Knight 3 humanitarian operations for Gaza residents -photo-courtesy-WAM

UAE President issues order to initiate Gallant Knight 3 humanitarian operation for Gaza

Sheikh Mohamed ordered the Joint Operations Command of the Ministry of Defence to initiate Gallant Knight 3 to support relief efforts

Abu Dhabi has approved a new Child Protection Policy, a key component of the Abu Dhabi Early Childhood Authority’s broader Dama Al Aman programme Image Abu Dhabi

Abu Dhabi announces new Child Protection Policy

The Child Protection Policy emphasises the involvement of the government, private sector, non-profit organisations, and the community in protecting children

Empower posts Dhs2.27bn in nine-month revenue

UAE’s Empower posts Dhs2.27bn in nine-month revenue

The cooling firm reported a net profit of Dhs685m during the period under review and paid a cash dividend of Dhs425m for the first half of 2023

How PureHealth is advancing healthcare services

PureHealth, Dell partner to advance healthcare services in Abu Dhabi

The partnership with Dell further solidifies the healthcare’s position following the recent milestone acquisitions

New UAE corporate tax decisions issued by MoF for free zones - for illustrative-purposes-GettyImages-124638324

UAE corporate tax: MoF issues new decisions related to free zones

The new decisions reflect the significant role of free zones in the UAE’s economic diversification strategies

Lucid slashes prices amid EV price wars

Lucid cuts prices of electric sedans for limited time amid EV price wars

The automaker slashed the price of its Air Touring model to $87,500 and the more powerful Grand Touring by $10,000 to $115,600

QatarEnergy acquires 23% of offshore Egypt block from Chevron

Sinopec signs new 27-year LNG supply deal with QatarEnergy

The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities

saudi-india-meet cricket

Saudi Arabia looking to invest billions in Indian Premier League: Report

Talks were held when Saudi Arabia’s crown prince visited India in September for the G20 Summit

Illumio Zero Trust Approach

Illumio’s Trevor Dearing explains the critical need for a Zero Trust Approach in times of AI

As the MENA region faces a rise in cybercrime, Illumio explains how a ‘Zero Trust’ approach can help protect enterprises at scale

DFSA fines FFA Private Bank $370,000 over system failures

DFSA hits FFA Private Bank with $370,000 fine over system failures

The financial watchdog said the fine follows and is connected to the prohibition that was imposed on the lender in May 2021

Marriott launches its first co-branded credit card in Qatar (Image: Supplied by Marriott International)

Marriott launches its first co-branded credit card in Qatar

Cardholders can earn Marriott Bonvoy points on local and international spends as well as on their stays at more than 8,000 hotels around the world

Alpha Dhabi CEO - Hamad Al Ameri

Alpha Dhabi posts double digit growth for Q3 results

Alpha Dhabi said its diversified portfolio has been a major driver behind the growth in revenue

UAE ISRAEL BAHRAIN ABRAHAM ACCORDS Image courtesy: Getty Images

Abraham Accords: Bahrain suspends ties with Israel

Bahrain’s government confirmed that its ambassador to Israel had been asked to return

UAE holiday list 2025

5 essential facts about UAE Flag Day revealed: Symbolism, history, and celebrations

First celebrated in 2013, Flag Day is observed annually on November 3

Sheikh Hamdan launches ‘Dubai Program for Gaming 2033’

Sheikh Hamdan launches ‘Dubai Program for Gaming 2033’

The initiative is aimed at significantly increasing the gaming sector’s contribution to the growth of Dubai’s digital economy

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

Middle East alternative asset manager Investcorp sets IPO price range for vehicle

The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange

UAE corporate tax

UAE: FTA notifies of new tax criteria for non-residents

The FTA’s new guidelines offer clarity for non-resident persons, who derive income in the UAE, or those who conduct business or part of their business in the UAE

KING CHARLES as Prince of Wales at Glasgow Cop26

King Charles to attend COP28 opening ceremony, give opening address at World Climate Summit

King Charles was invited to attend the summit by the UAE’s president, Sheikh Mohammed bin Zayed Al Nahyan