Yalago stats photo Dubai Media Office

Emirates Group’s Yalago records 92% rise in hotel bookings in 2022

According to the wholesale specialist, travellers are spending 30 per cent more per booking, taking on more extensive meal plans such as all-inclusive, and booking five-star hotels as a majority

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air currently flies to a total of 36 destinations to 25 different countries from Abu Dhabi

Bosses can ask employees to work overtime up to two hours a day

An employee’s total working hours should not cross 144 every three weeks

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

Dubai's Emirates NBD reshuffles management team

Emirates NBD’s full-year profit rises 40% to $3.53bn

The lender reported a 36 per cent growth in total income, equalling Dhs32.5bn

Dubai land department offers special report

Dubai Land Department issues 9,047 permits, 6,479 licences in 2022

Dubai’s real estate sector witnessed transactions worth a record Dhs528bn in the past year, a 76.5 per cent increase from 2021

dnata launches operations in zanzibar

UAE’s dnata invests $10m in Zanzibar, launches operations at ZNZ

The three companies – dnata, Emirates Leisure Retail and SEGAP – will work closely together to deliver services for airlines and passengers at ZNZ’s newly-built international terminal 3

DGCX 2022_performance_photo courtesy DGCX

Dubai’s DGCX sees 16% rise in volume of trades in 2022, total value touches $162bn

The exchange reported a 78 per cent increase in the volume of gold contracts traded on the exchange compared to previous year

Aster DM Healthcare

Power Letters 2023: Alisha Moopen, deputy managing director, Aster DM Healthcare

We have a number of expansion projects lined up for 2023

workplace

Three digital platforms that will define the workplace of 2023

Workforces across the region continue to fine-tune their ambitions, outlooks and expectations

First Abu Dhabi Bank reports highest ever net profit in 2022

First Abu Dhabi Bank reports highest ever net profit in 2022

The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021

IBM

IBM to cut about 3,900 workers, still hiring in ‘higher growth’ areas

The company’s current headcount is 260,000

Saudi Arabia announces new $266m entertainment destination

The destination will feature an e-karting and a 10-lane futuristic bowling experience, a 12-hole indoor adventure golf course, and a 10-screen cinema

Business Bay 620x3101-1

Dubai’s Business Bay sees highest number of real estate transactions in 2022

The top 10 list of locations that registered the highest number of transactions included Dubai Marina, Al Barsha South 4, Burj Khalifa, Al Merkadh, Al Hebiah 5, and Jebel Ali 1

Logistics is the key to successful UAE-India trade ties

India-UAE trade: Logistics holds the key to successful trade ties

The key to this opportunity is a seamless cross-border trade network, a dependable logistics partner, and an ecosystem that will empower SMEs to succeed

UAE President visits Pakistan

UAE President visits Pakistan

The two sides reviewed several regional and global issues of mutual concern and exchanged views

Dubai Islamic Bank

2022: Dubai Islamic Bank reports highest ever net profit

The bank reported Dhs14bn in total income for 2022, registering a 20 per cent year-on-year rise

Majid Al Futtaim and Poltrona Frau sign strategic partnership

Majid Al Futtaim, Italian luxury brand Poltrona Frau announce strategic partnership

Founded in 1912 in Turin, Italy, Poltrona Frau is known for its 21-step tanning process to create enduring leather items

GMG establishes its Asian headquarters in Malaysia to pursue further expansion and growth in SEA

GMG to ramp up growth in Southeast Asia, aims to launch 100 stores by 2025

The company has opened 31 stores across Malaysia, Singapore, and Indonesia since entering the SEA market in 2020

Masdar led consortium to certify pathway to create SAF from methanol

Masdar-led consortium to certify pathway to make SAF from methanol

The consortium has zoned in on the methanol-to-jet pathway as its chosen technology route

Power Letters 2023: Raki Phillips, chief executive officer, Ras Al Khaimah Tourism Development Authority

Balanced Tourism is something we are firmly embracing as an emirate

Credit Suisse

Qatar Investment Authority ups its stake in Credit Suisse

Qatar Investment Authority becomes the Swiss bank’s second largest shareholder just behind the Saudi National Bank

AD Ports Group signs MoU with Türkiye’s Tosyalı

AD Ports Group signs MoU with Türkiye’s Tosyalı

The agreement will enable collaboration across shipping, logistics, freight forwarding and port management

Microsoft networking issues take down Outlook and Teams

Customers reported difficulties across multiple regions in accessing Microsoft 365 services, including email and videoconferencing tools

Aramco's venture arm invests $14m in Japanese drone tech firm

Aramco’s venture capital arm invests $14m in Japanese drone tech firm

Terra Drone is the first Asian startup to raise funding from Wa’ed Ventures

Oil steadies as traders look to China, OPEC for fresh triggers

West Texas Intermediate was little changed above $80 a barrel after declining by almost 2 per cent on Tuesday

Hero Dubai Desert Classic 2023

The Hero Dubai Desert Classic is back, and it’s all about sport, stars and sustainability

The star-studded tournament will be held from January 26-29 at the Emirates Golf Club

Talabat

In pics: Talabat opens new regional HQ in Dubai 

With over 100,000 square feet in space, the headquarters houses almost 2,000 employees

UAE's Edge Group invests $14m in tech company High Lander

UAE’s Edge Group invests $14m in tech company High Lander

Edge aims to utilise High Lander’s Universal UTM solution in autonomous operations management

India-UAE Partnership Summit held in Dubai

India-UAE Partnership Summit held, underscores economic partnerships for joint growth

The summit showcased UAE-India economic ties and examined business opportunities in manufacturing and startups, agritech and food processing, healthcare, fintech and investment