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UAE payments revenue to hit $19.8bn by 2027

UAE payments revenue to hit $19.8bn by 2027, says BCG

Growth in the country’s payments space is being fueled by a surge in digital transactions and technological advancements such as GenAI

Deals signed on day two Dubai Airshow

Dubai Airshow: Defence, maintenance deals worth Dhs6.9bn signed on day two

The cumulative value of the 20 deals signed in the first two days of the Dubai Airshow 2023 was Dhs11.6bn, according to the Tawazun Council

Aeroflot to resume operations in Abu Dhabi

Russia’s largest carrier resumes flights to Abu Dhabi

The Russian carrier will operate four weekly flights on the narrow-body Boeing 737-800 to the UAE’s capital

Dubai announces new speed limit on Al Ittihad Road

Dubai: Speed limit on Al Ittihad Road starts from November 20

The decision is based on a recent study that reviewed the number of entrances/exits, proximity of intersections and recurrence of traffic accidents

Emirates to build $950m engineering facility at Dubai World Central

Emirates to build $950m engineering facility at Dubai World Central

The facility will be equipped to handle the complete range of specialist aircraft engineering services ranging from routine aircraft checks to bespoke paint jobs

Dubai cements super-hub strategy with $50bn jet orders

Dubai cements super-hub strategy with $50bn jet orders

Emirates and sister airline flyDubai secured 125 Boeing wide-body jets at the opening of the Dubai Airshow

MoHRE’s Emiratisation targets on midsize firms goes into effect

Emiratisation: MoHRE reminds private sector about December 31 deadline

Private sector firms that are still short of meeting Emiratisation requirements can leverage the Nafis platform for Emirati job seekers

How regtech tools can enhance compliance and security

Cover story: How regtech tools can help UAE-based entities enhance compliance and security

NorthLark’s Eshana de Silva tells Gulf Business that regtech promises to marry the new landscape of post-financial crisis regulation to the new landscape of digital technologies

Ahmed Bin Sulayem Executive Chairman and CEO DMCC will chair the Kimberely Process as the UAE assumes chairmanship in 2024 Image DMCC

UAE to chair UN’s Kimberley Process in 2024

The Kimberley Process is a key United Nations initiative tasked with curbing the entry of conflict diamonds into the mainstream rough diamond market

ADNOC L&S nine-month net profit up 162%

ADNOC L&S nine-month net profit up 162%, announces interim dividend

The company’s board of directors approved an interim cash dividend of $65m (Dhs239m) for Q2 2023, equivalent to 3.2 fils per share

Air Arabia announces record net profit for first nine months of 2023 image supplied.

Air Arabia nine-month net profit rises 53% to reach Dhs1.32bn

Revenue earned for the period rose by 16 per cent, taking the amount to Dhs4.45bn

Flydubai inks US$11 billion deal for 30 Boeing 787 Dreamliners (Image: Supplied by flydubai)

Flydubai inks $11bn deal for 30 Boeing 787 Dreamliners

Deliveries from its first widebody aircraft order will commence in 2026

Emirates confirms US$52 billion widebody aircraft order (Image: Supplied by Emirates)

Emirates confirms $52bn widebody aircraft order

The deal for a total of 95 aircraft includes Boeing 777-9s, 777-8s, and 787s

Dubai Taxi Co Image Dubai Media Office

Dubai Taxi IPO: 25% stake to list on Dubai Financial Market

The subscription period will open on Tuesday, November 21

TAQA’s nine-month net income reaches Dhs15bn

TAQA Group posts Dhs15bn in nine-month net income

The company’s board of directors declared a third interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)

WETEX AND DSS 2023

WETEX and Dubai Solar Show 2023: All you need to know

The 25th edition of the show is expected to see the participation of more than 2,556 companies from 62 countries

UAE’s Lootah Biofuels strikes agreement with Atmosphere Core (Image: Supplied by Atmosphere Core)

UAE’s Lootah Biofuels strikes agreement with Atmosphere Core

They will jointly explore the feasibility of collecting and recycling used cooking oil from resorts, hotels and households in the Maldives

Emirates aircraft being fueled with SAF

Looming Emirates 777X deal to kick-start Dubai Airshow: Report

Emirates is the world’s largest user of wide-body jets, including Airbus A380 superjumbos and current-generation Boeing 777s

DEWA’s Q3 revenue jumps 10.2% on demand

DEWA’s Q3 revenue jumps 10.2% on water, electricity demand

The company said its third-quarter net profit exceeds the profit of the same period last year by 6.9 per cent despite a doubling in finance costs

Dubai Airshow 2023 begin on Nov 13 Image Supplied

Dubai Airshow begins on Nov 13, advanced aerial mobility takes centre stage

Held under the theme: ‘The Future of the Aerospace Industry’, the 18th edition of Dubai Airshow features a AAM pavilion this year in addition to the aerospace, space, and defence pavilions

Dubai Taxi Company: Sheikh Mohammed issues law; IPO to be initiated Image Dubai Media Office

Dubai Taxi Company: Sheikh Mohammed issues law; IPO on the cards

Sheikh Hamdan issued Executive Council Resolution No (92) of 2023 forming the Board of Directors of Dubai Taxi Company

Travel

Travellers put off holiday trips to Middle East as Israel crisis rages

Leisure travel demand to the region was hit after the Israel crisis broke out on October 7

coal

COP28: EU, US and UAE deal to triple renewable energy this decade backed by 60 countries

Major emerging economies like Nigeria, South Africa and Vietnam, developed countries like Australia, Japan and Canada, have said they will join the pledge

ORO24 Development

Cover feature: ORO24 Developments’ Atif Rahman on building a legacy in Dubai’s built sector

Atif Rahman, the founder and chairman of ORO24 Real Estate Developments, shares his remarkable journey, from his humble beginnings as a small-town boy to becoming a prominent figure in the UAE’s thriving real estate industry

Sheikh Zayed Road to close on Nov 12 for Dubai Ride to be held on Nov 12 Image Dubai Media Office

Dubai Ride 2023: Over 35,000 cyclists take part on Nov 12

Sheikh Zayed Road was closed in the early hours on Sunday, November 12, to make way for Dubai Ride cyclists

Watch Dubai Airshow flying displays Image from Dubai Airshow 2021 X

Dubai Airshow 2023: Here’s how you can watch spectacular flying displays daily

Teams putting on a show include Frecce Tricolori, the Italian Air Force’s aerobatic demonstration team and Fursan Al Emarat, the UAE Air Force aerobatic display

ride-hailing apps

7 ride-hailing apps to zip you around Dubai with a coffee and chauffeur on call

The city now offers not just a couple but seven different taxi and ride-hailing apps which cater to different budgets and customer needs

Gold

Gold rates in UAE: Dhanteras purchase impacts price of bullion

Purchase of the yellow metal, in its various forms, is considered a symbol of prosperity and wealth during the festive period

Neutral Fuels partners with Fairmont Dubai Sheikh Zayed Road on biofuel initiative (Image: Supplied by Fairmont Dubai Sheikh Zayed Road)

Neutral Fuels partners with Fairmont Dubai Sheikh Zayed Road on biofuel initiative

Neutral Fuels will collect used cooking oil from the hotel and locally refine it into biodiesel

UAE President, Qatar Emir leaders call for de-escalation in Gaza

UAE President, Qatar Emir call for de-escalation in Gaza

The two leaders emphasised the need to prioritise the protection of civilians in accordance with international humanitarian law