Crisalion Integrity eVTOL

Dubai-based Air Chateau signs eVTOL deal with Spain’s Crisalion

Air Chateau envisions a future where eVTOLs complement its helicopter fleets and can be deployed from existing infrastructure

The co-CEO says Abu Dhabi’s strategic location, aviation infrastructure and robust regulatory framework, presents unparalleled expansion opportunities

James Farley on how Victor is revolutionising business aviation

The co-CEO says Abu Dhabi’s strategic location, aviation infrastructure and robust regulatory framework presents unparalleled expansion opportunities

Baosteel boosts investment in Saudi steel JV to $1bn

China’s Baosteel doubles investment in Aramco, PIF steel venture to $1bn

The steel manufacturing facility has an annual production capacity of 2.5 million tonnes of direct reduced iron and nearly 1.7 million tonnes of steel

Dubai Taxi Co Image Dubai Media Office

Dubai Taxi Company revenue up 14% as it completes 23 million trips

DTC said its taxi segment benefited from higher tariffs, and an increased number of dedicated airport taxis, in the reporting period

India’s duty cut halts silver, platinum imports from UAE

India’s duty cut halts concessionary silver, platinum imports from UAE

The world’s second-biggest bullion consumer slashed import duties on gold and silver to 6 per cent from 15 per cent

IHC SUBSIDIARY ESG

IHC’s Emirates Stallions Group reports 128% growth in operational profit

ESG reported a substantial revenue increase to Dhs640m, representing an impressive 140 per cent year-on-year increase

Masdar to invest in endesa clean energy projects in Spain

Masdar to acquire 49.99% stake in 2.5GW Spanish renewable energy portfolio

Masdar will invest EUR817m in the transaction, which values the portfolio at EUR1.7bn, making it one of Spain’s largest renewable energy deals

Airbus nabs order for 160 jets from Saudi Arabia’s flynas

Saudi Arabia’s flynas places order for 75 A320neo, 15 A330neo

The expansion of flynas’ fleet is expected to boost the airline’s capacity and range while enhancing its overall fleet capabilities

G20 - X

G20 agree to work on Brazil’s ‘billionaire tax’ idea

The “billionaire tax” would be aimed at the world’s richest individuals such as Tesla owner Elon Musk

Farnborough-Airshow - Boeing

We want them to return to their former glory: flydubai CEO Ghaith Al Ghaith on Boeing

The Farnborough Airshow was overshadowed by the negative impact on the overall industry due to Boeing’s recent difficulties

Eiffel-Tower-Paris-Olympics 2024

How to watch the Paris Olympics 2024 opening ceremony

Paris 2024 is integrating sports into the city’s fabric and will host the opening ceremony of the Olympics along the River Seine

UAE tourist visa - health insurance - Getty Images

Coming soon: UAE to roll out health insurance with tourists visas

As per the ICP announcement, tourists will be able to obtain health insurance while applying for their visas, through the ICP website or the app

UAE’s ADIB posts Dhs3.03bn in half-year net profit

UAE’s ADIB posts Dhs3.03bn in half-year net profit

Customer financing increased by 15 per cent YTD, with Dhs16bn of new financing extended in the January-June period

Suez Canal

Suez Canal revenue drops as some shipping firms shun Red Sea

The Suez Canal, is a key source of foreign currency for Egypt, and authorities have been trying to boost its revenues in recent years

Heriot-Watt University career path

Mapping the path from a classroom to a career

Navigating youth employment challenges requires a multi-faceted approach that addresses a widening skills gap and a lack of experience while providing innovative solutions to socio-economic barriers

JBS MEATPACKING PLANT

Brazil’s JBS to open SAR500m Saudi food factory by year end

The establishment of the Jeddah factory is expected to create job opportunities for Saudi youth

First Abu Dhabi Bank (FAB) reports robust performance in H1 2024 GettyImages

FAB posts record H1 profit of Dhs8.4bn amid strong revenue growth

The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn

Kuwait posts budget deficit of KWD1.6bn in FY 2023/24

Kuwait posts budget deficit of KWD1.6bn in FY 2023/24

Oil revenues dropped by 19.4 per cent to KWD21.5bn in FY 2023/24, based on an oil price of $86.36 a barrel, compared to KWD26.7bn a year earlier

Elon musk - Tesla

Tesla shares tank on back of dismal results

Trade analysts have rated Tesla’s stock a “hold” with a median price target of $212.50

Interview with Tim Cordon, Chief Operating Officer for MEA & SEAP, Radisson Hotel Group

Radisson’s Tim Cordon on regional strategy, opportunities and innovation

The COO – MEA & SEAP, Radisson Hotel Group, delves into its ambitious regional expansion strategies, the distinct challenges and opportunities across different markets  

Theme for success: A chat with Dubai Holding Entertainment's Fernando Eiroa

Theme for success: A chat with Dubai Holding Entertainment’s Fernando Eiroa

The CEO of Dubai Holding Entertainment talks about the company’s innovative projects, including Real Madrid World, Global Village and the Coca-Cola Arena and the core values driving the group’s success

Gulf Business Awards 2024 - nominations

Last call for nominations: Gulf Business Awards 2024

The winners of the Gulf Business Awards 2024 will be announced at a gala dinner and awards ceremony in Dubai on September 24

CFI LEWIS HAMILTON

CFI brings F1 champion Lewis Hamilton aboard as global brand ambassador

This multi-year agreement with Hamilton represents a significant milestone for CFI, aligning it with one of the biggest names in motorsport

Borouge, ADNOC to develop specialty polyolefins complex in China

Borouge, ADNOC to develop specialty polyolefins complex in China

The proposed complex is projected to produce 1.6 million tonnes per annum of speciality polyolefins

esports and games Image: Getty Images

Dubai to host Games of the Future 2025

Dubai will play host to thousands of world-class athletes and esports competitors from as many as 100 countries, as part of national and multinational teams

Aldar to develop an office tower on SZR in Dubai Image Supplied

Dubai: Aldar to build office tower on Sheikh Zayed Road

The development will feature a grade A office tower with a net leasable area (NLA) of 88,000 sqm, complemented by a luxury boutique hotel and branded residences

Abu Dhabi to launch 3 high-tech ventures_ ATRC meeting highlights

Abu Dhabi to launch 3 key tech ventures: ATRC meeting highlights

The initiatives will focus on transforming data security in the quantum era, enhancing smart autonomous mobility, and advancing Agritech with robotic technologies

Abu Dhabi to introduce biometric smart travel project at Zayed international Airport Image Abu Dhabi Airports

Abu Dhabi launches biometric smart travel project at Zayed International Airport

The project is expected to enhance operational performance, reduce infrastructure costs, and effectively combat fraud and forgery in identification documents

Fitch says GCC banks show strong interest in global expansion

GCC banks show robust interest in global expansion, Fitch says

Several banks in the region are reportedly considering acquisitions in Turkiye, Egypt, and India to diversify business models and enhance profitability

84% of UAE investors likely to invest in future IPO offerings. For illustrative purposes

IPO appeal: 84% of UAE investors likely to invest in future offerings

Findings from Edelman Smithfield’s UAE Investor Pulse Survey 2024, show that 67 per cent of respondents agreed that having two distinct exchanges benefits the UAE capital markets