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Dubai to operate 12,000 taxis, 60 buses, over 1,300 metro trips to facilitate mobility during World Cup

Dubai to operate 12,000 taxis, 60 buses, over 1,300 metro trips to facilitate mobility during World Cup

The transit modes will help transport fans across Dubai as well as those travelling to Qatar to attend the tournament

FIFA World Cup: Dubai’s DWC to operate up to 120 shuttle flights between Nov 20 and Dec 19

Dubai Airports has advised passengers flying on match day shuttle flights to check requirements with their respective airlines before arriving to the airport

UAE President meets Saudi Crown Prince on sidelines of G20 summit

The two leaders discussed relations between the UAE and Saudi Arabia

UAE’s Tabreed reports Dhs400m in nine-month net profit

The group revenue increased by 13 per cent to total Dhs1.66bn for the first nine months of the year

Empower

Empower rises in Dubai trading debut after $724m IPO

Empower is Dubai’s fourth privatisation in recent months

Emirates, GDRFA sign biometric data agreement to expedite processing at Dubai airport

The agreement improves passenger traffic procedures for Emirates customers transferring to connecting flights as well as for those arriving in Dubai

UAE and Indonesia to partner on climate action, infrastructure development and AI

The agreements aim to strengthen the economic, environmental and technological cooperation between the two countries

Number of private schools in Dubai rises to 216

2022-23 academic year: Number of private schools in Dubai rises to 216

More than 326,000 students now attend Dubai’s private schools, representing a total of 187 nationalities

Abu Dhabi

Abu Dhabi expects IPO boom to continue, with 11 deals next year

Listings in the Middle East have seen strong investor interest

Zomato UAE to be shut down, Talabat to take over

Zomato UAE to shut down, customers redirected to Talabat

Zomato’s mail also said that it would launch Zomato’s loyalty programme ‘Zomato Pay’ along with its ‘Vibe Check’ feature on its app

Air Arabia Abu Dhabi to launch direct flights to Tashkent

Air Arabia Abu Dhabi to launch direct flights to Tashkent

The flights will connect Abu Dhabi International Airport to Islam Karimov Tashkent International Airport, starting December 7

codeshare agreement

Abu Dhabi’s Etihad, Garuda Indonesia expand codeshare agreement

The expansion of the agreement will strengthen both airlines’ networks beyond Abu Dhabi and Jakarta hubs

KFC

Gulf KFC operator seeks up to $1.8bn from Saudi, UAE IPO

The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6

G20 summit

UAE President arrives in Indonesia to attend G20 summit

The summit will take place in Bali, Indonesia, on November 15-16

Tourism strategy

Sheikh Mohammed launches national tourism strategy to boost competitiveness

The strategy aims to attract new investments worth Dhs100bn to the country’s tourism sector

How mental health at workplaces must be addressed in the new normal

Businesses that aren’t doing enough to re-think their mental well-being strategies, do so at their own peril

SHUAA Capital reports financial results for Q2 2022

Dubai’s Shuaa Capital reports Dhs20m in Q3 net profit

Its cost-to-income ratio stood at 77 per cent in the third quarter of the year, decreasing from 90 in Q2 2022

ADNOC Distribution

ADNOC Distribution reports 39% rise in nine-month net profit

The company’s non-fuel transactions increased by 18 per cent during the period

Harry Potter themed land

Abu Dhabi to welcome Harry Potter themed land

The themed land will be part of the indoor theme park, Warner Bros. World Abu Dhabi

Masdar

UAE’s biggest clean-energy firm to look at deals in US, Europe

Abu Dhabi-based Masdar is leading a consortium that will build a 10-gigawatt wind plant in Egypt

DEWA

Dubai’s DEWA reports 21% rise in net profit for Jan-Sep 2022

By the end of the third quarter, DEWA served 1,143,153 customers, representing a 4.89 per cent year-on-year increase

Salik Q3 2022 earnings

Dubai’s Salik reports net profit of Dhs242m for Q3 2022

Salik’s Q3 revenue increased 9.1 per cent YoY to Dhs445m, with travel activity fast approaching pre-Covid levels

DP World partners with Emirates Development Bank to finance SME growth

DP World partners with Emirates Development Bank to finance SME growth

It includes a formal framework for both entities to provide SMEs with access to trade financing

ENOC and IHI sign MoU to explore green ammonia production

With an aim to establish a first-of-its-kind manufacturing unit in Dubai, the agreement is part of the emirate’s strategy to become a sustainable global hub for green economy

Taaleem IPO

UAE’s Taaleem sets offer price range, looks to raise $204m from IPO

The subscription period starts today, with trading of shares expected to commence on November 29

FY 2022-23: Dubai's Emirates records $1.2bn in half-year net profit

FY 2022-23: Dubai’s Emirates records $1.2bn in half-year net profit

The group’s revenue stood at $15.3bn for the first six months of 2022-23, up 128 per cent from $6.7bn last year

empower Dubai

Empower IPO raises over Dhs2.6bn

Upon listing, Empower will become the world’s largest district cooling services provider on a stock exchange

Emirates and Gulf Air launch codeshare partnership

Emirates and Gulf Air launch codeshare partnership

Emirates currently has codeshare cooperation agreements with 26 airline partners and two rail companies around the world

All parking tickets in Dubai are now electronic

All parking tickets in Dubai are now electronic

RTA has fitted the parking machines with touch screens, which enables the entry of vehicle details

Agthia

UAE’s Agthia Group reports 14% rise in net profit for Q3 2022

The group’s total assets stood at Dhs6.6bn as of September 30, 2022