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Dubai Airshow 2021

Dubai Airshow 2021 commences with over 370 new exhibitors

It is expected to host over 85,000 visitors this year and feature more than 175 of the world’s most advanced aircraft

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

Plans unveiled to list Salik road toll system on Dubai Financial Market

There are currently eight Salik toll gates in the city, with three million vehicles registered in the system

NIA unveils world’s first AC safety helmet for construction workers at Expo 2020 Dubai

The product launch is part of the India Innovation Hub initiative by the Indian Pavilion at the World Expo 2020

Expo 2020 Dubai pavilions: Bangladesh, India, Burundi, Austria, Philippines, Malaysia, Greece, Hungary

Here’s a list of eight participating country pavilions and their offerings

Emirates Dubai Airport

Dubai’s Emirates Group reports $1.6bn half-year net loss

The group’s revenue totaled Dhs24.7bn for the first six months of 2021-22

Marriott W Dubai - Mina Seyahi

Marriott to open W Dubai – Mina Seyahi in 2022

The 31-storey hotel will feature 318 guestrooms, including 26 suites and an Extreme Wow Suite

Dubai-headquartered Merit Incentives secures $5m Series A funding

The company will use the funds to grow the team and invest in technology

Dubai private schools

Dubai private schools report 3.5% growth in student enrolments

There are 289,019 students belonging to 185 nationalities enrolled in 215 private schools

International investors boosting Dubai property market, say developers at Cityscape

During the first nine months of the year, a total of 43,299 property sales transactions worth Dhs104.3bn were recorded in Dubai

Dubai Financial Market appoints new CEO

Hamed Ahmed Ali was previously appointed as deputy CEO and chief markets officer in July 2020

Visa Dubai

Visa opens its new flagship regional headquarters in Dubai

Spanning 100,000 sq ft, the new HQ will serve almost 90 countries across the Central and Eastern Europe, Middle East and Africa region

Emaar Malls

Dubai’s Emaar Malls records nine month net profit of Dhs1.07bn, up 82% y-on-y

Its revenue for the first nine months of 2021 was reported at Dhs3.191bn, up 28 per cent over the corresponding period last year

Emirates Garuda Indonesia

Dubai’s Emirates signs codeshare MoU with Garuda Indonesia

Subject to required regulatory approvals, the codeshare agreement is expected to come into effect from January 2022

Debt management office

Sheikh Mohammed approves board of directors for Dubai International Arbitration Centre

The board will be chaired by Dr. Tarik Humaid Al Tayer, while Dr. Ahmed Saeed Al Suwaidi will serve as its vice chairman

Dubai to encourage IPOs from private firms to revive market

The city merged its economic and tourism departments on Saturday

Dubai Courts

Dubai Courts establishes two new courts to address securities-related disputes

Dubai Courts also announced the formation of a law enforcement committee for the emirate’s financial market

Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed merges Dubai’s economy and tourism departments

Helal Al Marri has been named as director general of Dubai’s Department of Economy and Tourism

Dubai

Dubai relaxes Covid-19 physical distancing restrictions – reports

The mandatory spacing between individuals has been reduced from two metres to one

Dubai’s Emirates to launch daily flights to Tel Aviv

The carrier has restored its Middle East network and currently flies to 12 cities across the region

Dubai Airshow

Israel Aerospace Industries confirms participation at Dubai Airshow 2021

The Israeli aerospace and defense company will be present at the airshow which will be held from November 14-18 at Dubai World Central

Dubai Financial Market

New board of directors announced for Dubai Financial Market

The new board will be headed by Helal Al Marri

Former Abraaj managing partner Mustafa Abdel-Wadood fined $1.9m by Dubai’s DFSA

Abraaj, which was one of the biggest private equity firms in the MENA region, went into liquidation in 2019

Dubai’s Nakheel launches new Jebel Ali Village

The first phase of four- and five-bedroom villas will be on sale from Sunday, November 7

Dubai announces plans to list utility DEWA in the ‘coming months’

The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years

Dubai’s Emirates, TAP Air Portugal expand codeshare partnership

Emirates will place its code on TAP Air Portugal-operated flights to 19 additional destinations via Lisbon

Here’s how the UAE is pursuing its digital vision and strategy

Dr Saeed K. Aldhaheri and Ranjit Rajan, authors of Digital Nation: How the United Arab Emirates is Building a Future Based on Tech Innovation, provide insights into the country’s plans

Dubai announces listing of 10 govt, state-owned companies on DFM

The move is part of accelerating new listings in various sectors

Expo 2020 Dubai welcomes 2.35 million visits in October

The Saudi Arabia pavilion has attracted half a million visitors already

Indonesia wealth fund, DP World ink pact for port development

The two entities will form a consortium to explore long-term investment opportunities across the country

Dubai’s Emirates to resume services to Algiers

The resumption of flights to Algiers will boost the carrier’s African network to 21 destinations