Emirates NBD to offer fractional bonds for individual investors -GettyImages-630846210

Dubai’s Emirates NBD third quarter profit rises 38%

Profit for the quarter was Dhs5.2bn, roughly in line with analysts’ median estimate of Dhs5.18bn

Air Arabia

Air Arabia marks 20 years of pioneering low-cost travel with new livery

The Air Arabia Group has a multi-brand portfolio spanning across aviation, hospitality, tourism and more

UAE PRESIDENT MEETS WORLD BANK CHIEF

UAE President Sheikh Mohamed bin Zayed meets World Bank President Ajay Banga

The meeting also addressed global economic conditions, the economic impact of crises, and the World Bank’s support for the upcoming UN climate conference

commercial bank of dubai

Commercial Bank of Dubai reports record net profit in third quarter results

The Commercial Bank delivered a record net profit of Dhs1.9bn for the first nine months of 2023

Etihad

Etihad to operate direct flights to Nairobi next year

It has scheduled daily services from Abu Dhabi beginning May 1, 2024

rain in dubai work from home

UAE rains: Work from home says MohRE, Dubai Airport recommends metro use

Keeping in mind the inclement weather conditions, various arms of the UAE government have issued directives to employees

UAE Weather Heavy rains expected on Thursday Oct 26 and Friday October 27 Image Getty Images

UAE experiences wet weather conditions, rain showers to continue

The weather bureau has issued a yellow alert for much of Abu Dhabi and Dubai, forecasting rain and low visibility on Thursday

Saudi Arabia - Riyadh Image Getty Images

Saudi Arabia to enforce January deadline to move regional HQs to Riyadh

Some companies have raised concerns over the regulatory framework, including taxation

Gulf Air to begin flights to China in 2024 (Image: Supplied by Gulf Air)

Gulf Air to begin flights to China in 2024

Bahrain’s national carrier will commence operations to the Asian country in January

Carbon exchange ACX at ADGM goes live Image ADGM

Abu Dhabi: World’s first regulated carbon exchange, clearing house goes live

ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi’s global tech ecosystem

BlackRock

Abu Dhabi Crown Prince and BlackRock CEO discuss investment opportunities

The meeting discussed the array of opportunities available for global investors and international companies within the UAE

iLNG supply

Italy’s LNG deal with Qatar shows how hard it is to quit gas

Key to natural gas’ staying power in Italy’s generation mix is the country’s high level of industrial energy demand

Ahmad El Dandachi - microsoft

Interview: Microsoft’s Ahmad El Dandachi showcases the company’s new AI services

The enterprise commercial director of Microsoft UAE shares what the company showcased at GITEX GLOBAL and what the we can expect to see from Microsoft in the coming months

Democrance Expands Presence in Saudi Arabia Image Supplied

Global insurtech firm Democrance expands footprint in Saudi Arabia

Democrance helps insurers increase their digital sales and access new customer segments

automotive

Interview: AutoSmart is digitalising the automotive after-sales industry one car at a time

The automotive after-sales industry is undergoing digitalisation as startups review traditional pain-points to provide state-of-the-art solutions

Etihad signs codeshare with Scandinavian Airlines (Image: Supplied by Etihad)

Etihad signs codeshare with Scandinavian Airlines

Ticket bookings under the new agreement will commence in December for travel starting from January

Investcorp to float IPO on ADX Image: WAM

Investcorp Capital IPO: Firm announces intention to list and trade shares on ADX

The subscription will be open from November 2 to November 9

UAE CANADA FM MEET

UAE-Canada talks: Foreign ministers meet in Abu Dhabi

The two sides also discussed the latest developments in the Middle East region and ways to protect all civilians from the repercussions of the current crisis

four seasons red sea resort jv

Four Seasons Resort: Red Sea Global, Kingdom Holding sign SAR2bn joint venture

This collaboration between RSG and KHC coincides with substantial growth in the Kingdom’s tourism sector

Red Sea shipping

Russia strikes deal with Dubai’s DP World to develop Arctic sea route

The route is made viable by the melting of Arctic sea ice due to climate change

Ajay Banga, president of the World Bank Group - COP28

World Bank chief Ajay Banga warns of economic headwinds for global economy

Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy

ARAMCO HYUNDAI GAS FIELD DEAL

Saudi Aramco, Hyundai to set up $2.4bn gas plant in Jafurah

Jafurah is Saudi’s largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet

Invest AD and Blackstone launch Private debt fund Image -courtesy-WAM

Mubadala-owned Invest AD, Blackstone launch private debt fund

The SCA-regulated fund will offer local feeder access to Blackstone’s US and European private credit strategies

UAE GCC CHINA TRADE CONFERENCE

UAE participates in first GCC-China economy and trade ministerial conference

The conference was aimed at enhancing dialogue between the GCC and Chinese business communities to lead to the creation of diverse business opportunities

Red Sea Global unveils Thuwal Private Retreat – a new luxury private island destination Image RSG

Red Sea Global unveils new luxury private island destination in Saudi Arabia

The buy-out only island resort will offer travellers premium luxury and hyper-personalised private experiences from early 2024

FUTURE INVESTMENT INITIATIVE

Future Investment Initiative 2023: Global summit in Riyadh gathers leaders amidst economic turbulence

Heads of state, CEOs, financiers, and policy experts, to discuss the challenges in light of rising global economic and geopolitical unrest

Emirates to codeshare with Batik Air Malaysia (Image: Supplied by Emirates)

Emirates to codeshare with Batik Air Malaysia

Emirates customers can access five domestic Malaysian cities and three regional South East Asia points operated by Batik Air via Kuala Lumpur

Dubai Private Schools enrollment is the highets ever for 2023-24 GettyImages-1207230797-1

Dubai private schools record highest-ever enrollment in 2023-24 academic year

The total number of students attending private schools in the emirate is now more than 365,000

Saudi Arabia economy growth

Saudi Arabia launches Esports World Cup 2024

This ambitious undertaking underscores Saudi Arabia’s commitment to becoming a global leader in the esports arena

UAE Dubai four-day work week

Survey shows 25% of employees in UAE, Saudi Arabia changed jobs last year

More than a third of the employees surveyed in the UAE and the kingdom expressed dissatisfaction with their current employee benefits packages