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Empower’s annual revenue up 8.7% in 2023

UAE’s Empower posts Dhs3bn in full-year revenue

The Dubai-listed firm proposed a final dividend of Dhs425m for 2023, which will be paid by April 2024

Dubai’s RTA, Joby partner to launch flying taxis by 2026

Flying taxis to connect DXB, Palm Jumeirah by 2026

A partnership between the RTA and Joby could see passengers being flown at speeds of up to 322km per hour between DXB and Palm Jumeriah

Dubai launches world's first sustainable mobile floating fire station

Dubai launches world’s first sustainable mobile floating fire station

The station boasts a notable speed of 11 miles per hour, allowing it to swiftly reach incident locations

UAE WEATHER - RAIN - FLEXIBLE WORK - REMOTE LEARNING

UAE: Flexible working for private sector, remote learning for schools amid weather warnings

The adverse weather conditions are attributed to a surface low-pressure system extending from the southwest, accompanied by humid south-easterly winds

IMF

IMF forecasts 2.9% growth for MENA in 2024

IMF revised its GDP growth forecast for the Middle East and North Africa region downwards to 2.9 per cent this year

remote work - UAE RAINS / UNSTABLE WEATHER

UAE rains: Remote work for public sector workers on February 12

The meteorological authority has issued an advisory urging residents to observe safety protocols, particularly in areas prone to heavy rainfall

chinese new year

Chinese New Year celebrations 2024: Fireworks in Dubai, Dragon Show in Abu Dhabi

From iconic landmarks like the Burj Al Arab to family-friendly destinations such as Global Village, numerous celebrations have been organised to ring in the Lunar New Year

DEWA posts Dhs29.2bn in full-year profit

DEWA’s full-year revenue jumps 7% on water, electricity demand

The system demand for power surged to 56.5 TWh in 2023 while water demand grew by 5.2 per cent to reach 144.1 billion imperial gallons

RTA introduces new weeken only bus service to Al Mamza beach Image courtesy RTA X

Dubai gets new weekend bus service to this beach; more citywide route changes

A new weekend-only bus service, W20, will run from Friday to Sunday, from Stadium Metro Station to Al Mamzar every half hour between 5 pm and 11 pm

ChatGPT prompts - with artificial intelligence Man who is discussing marketing analytics. Future. Work by AI smart robot technology.

Hackathon for Dubai students aims to spur on AI interest

The 3-day hackathon will challenge high school students, in teams of 2-4, to design functional projects using AI technologies to help their peers and community

Dubatt unveils first fully integrated battery recycling plant_Image_Dubai Media Office

UAE’s first battery recycling plant to power circular economy

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City

RERA fines 30 real estate companies for non compliances with T&Cs stipualted in ads GettyImages-1129092019-1

Dubai: RERA fines 30 real estate firms for this violation

The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance

EMAAR FY2023 results -photo-courtesy_emaar

Emaar FY2023 profit rises 70%, property sales reach $11bn

The Dubai-based developer reported a 7 per cent increase in revenues to Dhs26.7bn ($7.3bn)

world government summit

World Government Summit 2024: All you need to know

The event will feature over 25 heads of state and governments, 120 governmental delegations, and 85 international and regional organisations

Emirates announces global partnership with NBA, including title sponsorship

Emirates announces partnership with NBA, including title sponsorship

The global partnership deal includes the first-ever referee jersey patch partner of the NBA, starting with the 2024 NBA All-Star Game

Rimac Nevera: World’s fastest, road-legal EV now in UAE

Rimac will reportedly produce only 150 Nevera cars with a price tag of $2.1m each

In numbers: Dubai real estate registers best-ever performance in 2023

The value of real estate transactions exceeded Dhs634bn with the number of transactions reaching over 166,400 real estate transactions in 2023

DTC debuts on DFM Image WAM

Dubai Taxi Company debuts on Dubai Financial Market

Dubai Financial Market applied no price limits on DTC shares during the first day of trading

The Lana opens in Dubai: Inside Dorchester Collection’s first Middle East hotel

The hotel features The Lana Promenade, a central podium hosting retail outlets, restaurants, and an infinity rooftop pool, offering guests a vibrant and luxurious experience

Emirates to reinstate daily service to adelaide Image-Emirates

Emirates to relaunch daily flight to Adelaide

By December, Emirates will return to its pre-pandemic capacity offering 77 weekly services to Australia,with the ability to transport 68,000 passengers per week

mohamed alabbar-eagle hills group

5 things to know about Emaar’s new mall at Dubai Creek Harbour

Emaar’s ambitious new retail project at Dubai Creek Harbour could potentially be bigger than its flagship Dubai Mall

7 reasons why investors can't resist Dubai's real estate sector by Espace's John Lyons

Seven reasons why investors can’t resist Dubai’s real estate sector

High rental yields, demand for luxury homes and return on investments, here’s why investing in Dubai’s property market is appealing, explains Espace Real Estate’s MD

DFSA issues first ESG fee waiver to Emirates NBD

DFSA issues first ESG fee waiver to Emirates NBD

The waiver applies to all new and repeat issuers who make a relevant application to the financial regulator

Microsoft and DET sign deal to drive innovation in Dubai GettyImages

Dubai, Microsoft partner to power emirate’s digital economy

The joint effort will focus on logistics, technology enablement and adoption within the SME and education sectors

Sheikh Hamdan attends groundbreaking ceremony of the Hamdan Bin Rashid Cancer Hospital, part of @DubaiHealthae the hospital which is set to open in 2026 image courtesy www.hamdan.ae

Dubai breaks ground on landmark cancer hospital

The cancer hospital slated to open in 2026 marks a significant step toward providing advanced and accessible treatment for the disease in the UAE

Dubai real estate

Dubai real estate powers through January 2024 with Dhs35bn in sales

Off-plan sales grew by 25 per cent year-on-year in January as Dubai’s real estate sector continued to perform well in the new year

Sir Tim Clark Emirates Airlines - Boeing

Sir Tim Clark says Boeing in ‘last chance saloon’ — FT report

Clark made the comments to the Financial Times as he is reportedly preparing to send Emirates engineers to Boeing to oversee its 777 production lines

NWTN facility at KEZAD

Dubai-linked EV deal paused amid China Evergrande liquidation

China Evergrande New Energy Vehicle has suspended negotiations regarding a share subscription agreement with Dubai-based mobility firm NWTN

Sheikh Mohammed - bureaucracy

Zero red tape: Dubai’s Sheikh Mohammed eyes slashing bureaucracy

The programme will work to reduce the duration of government services by 50 per cent and re-engineer hundreds of government services

GCC markets update

GCC markets update: QE, DFM and Tadawul

Follow our live blog below to stay abreast of news and updates across the GCC markets