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Dubai

Sheikh Mohammed inaugurates The Digital School at Expo 2020 Dubai

Over 20,000 students will be registered in the first year, with the goal of increasing the number of students to one million in the next five years

Dubai road-toll operator Salik to seek about $1bn in IPO

Salik road-toll system lines up BofA, Emirates NBD, Goldman for Dubai IPO

It wasn’t clear yet what valuation Salik will seek

Dubai Real estate

Dubai releases first-ever official residential rental performance index

The Dubai Land Department coordinated with Property Finder to launch the inaugural edition of the index

Saudi’s Dar Al Arkan unveils Dhs1bn W Residences Dubai – Downtown

The tower consists of 384 exclusive, high-end residences, which will be managed by Marriott International

Emirates

Emirates to operate five additional flights between Dubai and Kuwait

The airline will operate the extra flights ahead of Kuwait National Day holidays

Dubai’s Emirates signs agreement with Tourism Authority of Thailand

The carrier will develop initiatives to boost tourism to the kingdom by showcasing it to customers across its network

GEMS Education

Dubai’s GEMS Education confirms being target of cyberattack

The education operator said that all its schools remain open, while external entities have been enlisted to investigate the incident

Sacha Jafri

Dubai-based Sacha Jafri’s creation to become first official artwork on the Moon

The artwork called ‘We Rise Together with the Light of the Moon’ will be placed on the lunar surface later this year

in5 to launch a dedicated space for investors to drive entrepreneurship in the region

The space will enable investors to directly engage startups for funding and partnership opportunities

Dubai’s Mashreq weighs sale of payments business

Deliberations are ongoing and no final decision has yet been taken

Dubai Airport

Dubai Airports sees travel surge this year, full rebound by 2024

Dubai Airports CEO said demand this year could surprise on the upside

Israel Diamond Exchange office to open in Dubai

The IDE office will contribute to ease of trade for Israeli diamond companies operating in Dubai or looking to establish a presence in the emirate

Dubai real estate

Dubai most preferred foreign investment location for Saudi home buyers – Knight Frank

The annual 2022 Saudi Residential Survey spoke to 55 HNWIs in Riyadh, Jeddah and Dammam

In pictures: Sheikh Mohammed inaugurates Museum of the Future

The 77-metre tall landmark will provide the largest platform in the region to study, envision and design the future

Dubai Festivals and Retail Establishment announces new dates for events

The year’s retail calendar has a total of 17 festivals, including citywide events, activations and experiences

Majid Al Futtaim launches ultra-exclusive Alaya Beach residential project in Dubai

Located on the banks of the lagoon in Tilal Al Ghaf, it comprises of 14 mansions and 30 villas

Expo 2020 Dubai records 14.7 million visits as of February 21

Domestic visits surged 128 per cent in the past six weeks

Diamonds

UAE becomes world’s largest rough diamond trading hub

Over $22.8bn worth of rough diamonds were traded in the country last year

Dubai’s DXB welcomes 29.1 million passengers in 2021, remains world’s busiest airport

India retained its position as the top destination country for DXB by passenger volumes

Dubai’s Jafza and Prime Aquaculture to build region’s first marine shrimp RAS farm

The high-tech farm will produce over 1,000 metric tonnes of shrimps annually – three times more than the current shrimp production in the UAE

Museum of the Future

Watch: Flying Iron Man delivers special invitations to visit Museum of the Future in Dubai

The stylised video shows the jetpack-powered Browning taking off from the museum and landing at various locations across the city

Dubai Metro

Dubai: 461 million riders used mass transit means, shared transport and taxis in 2021

Last year, the daily average number of riders using mass transit means and taxis reached 1.3 million, compared to approximately 948,000 in 2020

Dubai’s Averda secures $45m investment from US firm to develop recycling facilities

The waste and recycling company will use the investment loan to develop and set up plastic recycling facilities in Africa and India

Emaar’s Dubai Hills Mall opens

The new shopping, dining and entertainment destination is home to Roxy Cinemas, Adventure Park and a roller coaster among other offerings

Dubai’s Emirates, Saudi Tourism Authority ink agreement to underpin inbound tourism in the kingdom

The agreement aims to capitalise on the airline’s global network to amplify the Saudi Arabian experience for leisure travellers

Optimizely opens first Middle East office in Dubai

Jesper Broberg has been appointed as the regional vice president to lead the company’s regional operations

Getty Images

The Middle East’s first large-scale NFT collection to launch in Dubai

The Bored Falcon initiative has been created and fuelled by a collective of artists across Dubai, Manama, Beirut, and Damascus

Dubai International Financial Centre achieves record company registrations in 2021

Last year, the financial centre also recorded its highest ever annual revenue and operating profit

UAE’s DMCC launches Impact Scale-Up Programme for businesses

The freezone aims to bring 20 social and environmental impact-driven businesses into its community through the programme

Dragon Oil

Dubai’s Dragon Oil confirms first oil discovery in Egypt’s Gulf of Suez

The field could contain around 100 million barrels in reserves