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Fujairah attracts investment in maritime sector

Fujairah attracts investment in maritime sector

The emirate has a strategic location on the country’s east coast and is a key shipping hub

Dubai leads MENA region on Global Power City Index 2022

Dubai leads MENA region on Global Power City Index 2022

The GCI’s rankings of the top cities in 2022 reflect the self-reinforcing strength of the world’s leading global cities

Modon Properties launches two waterfront destinations in Al Dhafra

Modon Properties unveils two integrated waterfront destinations in Al Dhafra

The two integrated waterfront destinations are adjacent to Modon’s eco-tourism campsite project, Bab Al Nojoum – Al Mugheirah Resort

Conares opens Dhs150m colour-coated steel plant in JAFZA

Conares opens Dhs150m colour-coated steel plant in JAFZA

Exporting products to 26 countries across six continents, the company’s assets are currently estimated to be valued at Dhs2.5bn

RTA approves strategic plan 2023-2030 aligned with Dubai Urban Plan 2040

RTA approves strategic plan for 2023-2030

The plan is aligned with the Dubai Urban Plan 2040, Dubai Plan 2030, Dubai Government Directives and the UAE Government Vision, We the UAE 2031

ENOC

ENOC Group opens new service station in this locality in Dubai

The group now operates 177 service stations in the UAE

DP World, Hassana announce $2.4bn investment in UAE

DP World, Hassana announce $2.4bn investment in UAE

Hassana will hold its economic interest in a stake of approximately 10.2 per cent in three UAE assets of DP World

Dubai Airbnb

Airbnb launches remote working hub in Dubai

Those interested in working and living in Dubai can access the hub for local long-term listings and information on entry requirements and visa policy

Abu Dhabi’s Adnoc acquires 24.9% stake in OMV

Abu Dhabi’s ADNOC acquires 24.9% stake in OMV

Through this investment in OMV, who hold a 75 per cent stake in Borealis, ADNOC will increase its shareholdings in both Borealis and Borouge

UAE Central Bank

National banks’ financing of trade, industry sectors total Dhs37.2bn in nine months

The cumulative balance of credit provided by national banks to trade and industry sectors reached Dhs720.8bn at the end of August

Ferrari World Abu Dhabi to launch mega-coaster in January 2023

Ferrari World Abu Dhabi’s new mega-coaster to launch in Jan 2023

Mission Ferrari will provide a 5D rollercoaster experience that includes the world’s first sideways coaster drop

Emirates and Gulf Air launch codeshare partnership

Emirates flight from Manchester to Dubai delayed on technical grounds

Affected passengers were provided with assistance

Kenya Airways operates inaugural flight from Mombasa to Dubai’s DXB

The carrier will be operating four weekly flights between Mombasa and DXB’s Terminal 1

UAE announces January 1 as holiday for private sector

UAE announces January 1 as holiday for private sector

Sunday, January 1, will be a paid leave for all employees operating across the country’s private sector

UAE’s Amanat acquires majority stake in Sukoon

UAE’s Amanat acquires majority stake in Sukoon

The merger is part of Amanat’s plan to expand CMRC from 256 beds to 1,000 beds in three years

Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar

Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar

A total of 1,416 homes are now under construction at Masaar

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

The review expected the non-oil GDP to grow by 6.1 per cent in 2022, against 4.3 per cent previously, with the oil GDP to expectedly grow by 11 per cent this year

UAE to host World Trade Organisation Ministerial Conference in 2024

UAE to host World Trade Organisation Ministerial Conference in 2024

The conference will be held in Abu Dhabi in the first quarter of 2024

CEO's at the helm in 2022

The Pioneers: Business leaders who helmed growth

Six business leaders that have championed growth and navigated their organisations

Dubai's Emirates adds fourth daily flight to Bangkok

Dubai’s Emirates adds fourth daily flight to Bangkok

The additional flight will be operated by the airline’s Airbus A380

KEZAD signs lease agreement with Star Paper Mill

Abu Dhabi’s KEZAD signs lease agreement with Star Paper Mill

The agreement is for the establishment of a new facility to manufacture recycled Kraft Paper Jumbo reels to serve a growing demand for biodegradable packaging papers

UAE delegation visits Scotland to discuss renewable energy and advanced technology projects

UAE delegation visits Scotland to discuss renewable energy, technology

The delegation visited the Scottish Enterprise, which highlighted its efforts to transform Scotland’s economy through innovation and investment

Why Dubai continues to cement its position as a must visit destination?

Why Dubai continues to cement its position as a must visit destination?

We spoke to Fareed Abdelrahman, managing director, Retail Destinations, Dubai Holding Asset Management (DHAM), about changing consumer demands and what they mean for Dubai’s tourism and retail

Kanoo Group

Dubai’s Kanoo Group sees opportunities to invest in India, China

The family-owned company, with interests spanning shipping, real estate, financial services and energy, sees potential in sectors including artificial intelligence and clean energy

Abu Dhabi transfers Tadweer to ADQ portfolio

The transfer complements ADQ’s energy and utilities portfolio and its efforts in supporting the nation’s circular economy

In pics: Marriott Hotels unveils first resort in Dubai

The Marriott Resort Palm Jumeirah is spread across 7,000 square metres and features 10 dining concepts

Etihad appoints former TAP Air Portugal executive as CFO

Etihad appoints former TAP Air Portugal executive as CFO

Raffael Quintas will be succeeding Adam Boukadida, who has left Etihad after nine years to pursue a new role

Dubai welcomes 11.4 million international overnight visitors between Jan-Oct

Dubai welcomes 11.4 million international overnight visitors between Jan-Oct 2022

The emirate’s average hotel occupancy in the first 10 months of the year stood at 71 per cent

Non-oil trade

Non-oil trade between UAE, Bahrain grows by 92% over 10 years

Their total non-oil trade exchange during the same period also amounted to Dhs188bn, with imports accounting for Dhs77.4bn

UAE's AMEA Power to build 120MW solar project in South Africa

UAE’s AMEA Power to build 120MW solar project in South Africa

The project will sell electricity to state utility, Eskom, under a 20-year power purchase agreement