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DXB expecting surge in pax traffic between Aug 21 and Sept 2 Image Dubai Airports

DXB braces for traffic surge as holidays end, 3.43m passengers expected

The airport’s management expects traffic to peak on September 1, with approximately 291,000 travellers scheduled to transit that day

EGA to acquire US recycled aluminium firm Spectro Alloys

UAE’s EGA to acquire US recycled aluminium firm Spectro Alloys

EGA plans to acquire 80 per cent of Spectro Alloys with the current owners retaining a 20 per cent stake

Hatta Mountain Trails

Adventure tourism: Dubai completes Hatta Mountain Trails; see details

Whether you’re a casual walker or a seasoned cyclist, these scenic trails offer a unique way to explore the rugged beauty of Hatta’s mountainous landscape

OPEC

Will OPEC+ go forward with its planned oil output increase in October?

Total OPEC+ oil production is scheduled to increase by roughly 180,000 b/d each month in the fourth quarter of 2024

Global airlines fly over Afghanistan as Middle East becomes the greater risk

Global airlines fly over Afghanistan as Middle East becomes the greater risk

The route changes have been facilitated by aviation regulators easing guidance on Afghanistan

US Fed Jackson Hole Economic Symposium

What to look for at US Fed’s Jackson Hole global symposium

The guest list of about 120 includes most of the US Fed’s 19 policymakers, a few dozen central bankers from Europe, Asia, Africa, the Americas, and a group of select journalists

Bank of Singapore sees 20% asset growth in Middle East within 5 years

Bank of Singapore sees 20% asset growth in Middle East within 5 years

The private bank has grown its assets under management to $116bn as at end-September 2023 from about $20bn in 2010

Turin, ITALY: IPI S.p.a Group's Chief executive Danilo Coppola poses at Fiat's headquarters during a general shareholders meeting in Turin, 03 May 2006. AFP PHOTO / GIUSEPPE CACACE (Photo credit should read GIUSEPPE CACACE/AFP via Getty Images)

UAE extradites Italian businessman Danilo Coppola in accordance with bilateral treaty

Danilo Coppola was apprehended last year, following an Interpol alert, which was issued in response to an international arrest warrant

Brands for less sells 35% stake to The TJX Companies

Brands For Less sells 35% stake to The TJX Companies

The deal values BFL Group at an enterprise value of $1.2bn

Singapore's Resorts World Cruises to launch cruises from Dubai

Singapore’s Resorts World Cruises to launch cruises from Dubai

Resorts World Cruises’ RW1 will embark from Dubai, providing a range of itineraries, including visits to popular destinations such as Sir Bani Yas, Doha, Khasab and Muscat

Abu Dhabi fund Mubadala invests in data centre firm Yondr

Abu Dhabi fund Mubadala invests in data centre firm Yondr

The data centre infrastructure company has a contracted and reserved capacity of 878 megawatts (MW), of which 58MW are currently operational

Dubai SME H1 2024 performance highlights Image Getty-Images-1417041621

Dubai SME members secure contracts worth Dhs395.4m in H1

Since its inception in 2002, Dubai SME has guided 48,923 entrepreneurs and mentored 51,504 Emirati entrepreneurs, contributing to the launch of 18,429 local enterprises

TECOM expands portfolio with Dhs1.7bn acquisition, new developments

TECOM expands portfolio with Dhs1.7bn acquisition, new developments

The new acquisitions and developments will boost TECOM Group’s portfolio of commercial leasing gross leasable area (GLA) to over 10 million square feet

Tether to launch stablecoin pegged to UAE’s dirham

Phoenix Group, Tether to launch UAE dirham-pegged stablecoin

The dirham stable coin will be accessible globally and “fully backed” by liquid UAE-based reserves

ADQ joins forces with ne’ma to combat food waste

Abu Dhabi fund ADQ joins forces with ne’ma to combat food waste

ne’ma drives policy change and initiates projects to address the root causes of food waste

Gold - Renewed strength in the greenback has now seen bullion tumble more than 20 per cent since a March peak.

Gold tracks down after hitting record high

Gold has gained nearly 22 per cent so far this year with geopolitical tensions and uncertainty created by the upcoming US elections

traffic enhancements at Al Safa 1 schools complex completes image RTA X

RTA completes traffic improvements at Al Safa 1 Schools Complex

The latest traffic improvements in Al Safa will impact approximately 60,000 residents of the neighbourhood

Boeing 777x

Boeing grounds 777X test fleet after a new parts failure report

The US FAA said Boeing had informed it of its discovery of a damaged component following a 777-9 flight test last week

Abu Dhabi hotels visitor numbers for H1 2024 reported -GettyImages-

Abu Dhabi hotels receive 2.4 million guests between Jan-May

Abu Dhabi city accounted for the bulk of the guests, hosting 2.179 million, while Al Ain attracted circa 169,000 guests, and Al Dhafra welcomed around 64,000 guests

Dubai Land Department signs 7 key agreements with developers -Image-Dubai-Media-Office

Dubai Land Department inks 7 key deals with top developers

The developers included in this agreement are Emaar Properties, DAMAC, Binghatti Properties, Aldar Properties, Sobha Realty, Azizi Developments and Danube

Abu Dhabi - ADREC

ADREC: Abu Dhabi launches rental index

The rental index, accessible via the ADREC website, offers reliable and up-to-date data on residential, commercial, and industrial properties

India flights: IndiGo launches 3 new routes from Abu Dhabi

India flights: IndiGo launches 3 new routes from Abu Dhabi

The new routes will link Zayed International Airport with Mangaluru, Tiruchirappalli and Coimbatore

ADNOC, petronas and storegga ink JDSA for CCS project in malaysia Image ADNOC

ADNOC, PETRONAS, Storegga tie up on offshore CCS project in Malaysia

The agreement focuses on identifying suitable saline aquifers for safe and permanent CO2 storage, enhancing Malaysia’s potential as a regional CCS hub

dirham

India’s RBI asks banks to push direct rupee-dirham settlement: Reports

The RBI has not instructed banks to shift all dirham payments to this channel but instead is taking steps to encourage the development of an rupee-dirham market

Cryptocurrency Dubai DMCC

UPDATED: Dubai court ruling on cryptocurrency wages sparks debate

The decision reinforces the importance of clear contractual terms, ensuring that both traditional and cryptocurrency forms of payment are adequately addressed

DWTCA sees strong growth in H1

DWTCA sees registered companies grow by 19 per cent in H1

According to the latest figures, the DWTCA Free Zone saw a substantial 21 per cent rise in the number of tenants, reaching 2,735 in H1

DWTCA sees strong growth in H1

Dubai welcomed almost 700,000 medical tourists in 2023

Dubai’s health tourism sector generated indirect revenues of Dhs2.3bn in 2023, providing a significant boost to the emirate’s GDP

Travel, tourism visa applications

We’re making visa applications as easy as booking a flight: Atlys CEO

With offices across three continents, Atlys has processed over 1.2 million visas for over a 100 countries

Emirates NBD, BeZero Carbon tie-up to support carbon market trading

Emirates NBD, BeZero Carbon partner to support carbon market trading

This collaboration marks Emirates NBD as the first bank in the UAE to integrate an independent ratings agency into its voluntary carbon market trading operations

Gold Price, Commodities Investment

Gold trades near historic $2,500 mark on US Fed rate-cut optimism

Enthusiasm over a likely interest rate cut by the US Federal Reserve in September propelled bullion to an all-time high of $2,509.65 on August 16