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Abu Dhabi non-oil trade

Abu Dhabi’s non-oil foreign trade reached Dhs61.5bn in Q1 2022

Exports recorded a growth of 35 per cent year-on-year and were valued at Dhs24.449bn

Air Arabia

Air Arabia reports Dhs291m in net profit for Q1 2022

More than 2.4 million passengers flew with Air Arabia between January and March 2022, across the carrier’s five hubs

Emirates South African

Dubai’s Emirates signs MoU with South African Tourism Board to boost visitor arrivals

The agreement aims to boost visitor arrivals and inbound traffic to South Africa from key markets across the Emirates network

airport

Abu Dhabi International Airport welcomes 2.56 million passengers in Q1 2022

The airport currently offers flights to 99 destinations across the globe on 26 airlines compared to 81 destinations on 18 carriers during Q1 2021

Global Village

Season 26 of Dubai’s Global Village welcomed 7.8 million guests

The park was open for 194 days, marking its longest season ever

Covid-19

UAE reports 312 Covid-19 cases, 264 recoveries

The nationwide case count has risen to 901,076

Emirates DCT Abu Dhabi

ATM 2022: Emirates signs MoU with DCT Abu Dhabi to boost tourism

The two partners will collaborate on advertising and cross promotional marketing campaigns, familiarisation programmes and promotional competitions

Dubai

Dubai welcomes 3.97 million overnight visitors in Q1 2022

In the first three months of 2022, hotels across Dubai achieved average occupancy levels of 82 per cent

Agthia Group

UAE’s Agthia Group posts 64% year-on-year rise in net profit for Q1 2022

Agthia’s quarterly net revenues surpassed Dhs1bn for the first time since inception

Solar Plant

UAE invites companies to bid for 40% stake in 1.5 GW solar plant

Abu Dhabi already has two solar parks that will have a capacity of 3.2 GW when fully operational

Emirates

ATM 2022: Dubai’s Emirates signs MoC with Malaysia Tourism Board

Emirates will develop initiatives to boost tourism to the Southeast Asian country, promoting it across its global network

Voco

Voco Dubai The Palm hotel set to open in the fall of 2022

It will be IHG Hotels & Resorts first property on Palm Jumeirah

UAE reports 280 Covid-19 cases, 259 recoveries

The nationwide case count has risen to 900,764

Masaar

Sharjah’s Arada awards contracts worth Dhs460m to build Masaar’s residential phase

Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts

Abu Dhabi

Abu Dhabi’s ADQ announces EUR4bn investment partnership with Greece

The agreement underscores growing economic ties between the two countries and will drive investor interest in Greece

Emirates and Royal Air Maroc

Dubai’s Emirates, Royal Air Maroc launch codeshare partnership

The codeshare partnership will offer customers more ways to book and connect their travel between the two airlines’ networks

ADNOC Distribution

Abu Dhabi’s ADNOC Distribution reports Dhs671m in net profit for Q1 2022

ADNOC Distribution posted a 7.8 per cent year-on-year increase in EBITDA, totalling Dhs881m

Dubai

ATM 2022: Dubai receives 630,000 health tourists in 2021

As many as 55 per cent of the international health tourists were men, while 45 per cent were women

Hellenic Development Bank

Mubadala extends co-investment partnership with Hellenic Development Bank of Investments

The Mubadala-HDBI co-investment partnership was first established in 2018 with an initial focus on minority direct private equity investments in Greek businesses

Debt management office

Government of Dubai establishes a debt management office

Rashid Ali bin Obood Al-Falasi has been appointed as the chief executive officer of the debt management office

UAE reports 233 Covid-19 cases, 284 recoveries

The nationwide case count has risen to 900,484

Jumeirah Group

Jumeirah Group launches new lounge at Dubai International Airport

The Jumeirah Airport Lounge offers travellers a taste of the brand’s hospitality

atm 2022

ATM 2022: Dubai’s Emirates to launch premium economy bookings from June 1

The new cabin class will be available to Emirates customers travelling on A380 routes to London Heathrow, Paris Charles de Gaulle, Sydney and Christchurch

Flydubai

Dubai’s flydubai carried 2.35 million passengers in Q1 2022

The carrier has grown its network to more than 100 destinations

Dubai FDI

Dubai ranked first globally in attracting FDI projects in 2021

The annual ‘Dubai FDI Results and Rankings Highlights Report 2021’, placed Dubai on top globally in attracting greenfield FDI projects in 2021

Dubai RTA

Dubai’s RTA to build bus and taxi lanes stretching 37 km over five years

These lanes cover eight main streets

Digital payment

Cashless economy: How adoption of digital payments is on the rise

E-commerce represents a significant avenue through which the adoption of digital payments can expand growth opportunities

Alan’s corner: How to adopt a long-term perspective when building your legacy

Markets evolve, as do customers, creating the need for an organisation to continuously adapt

UAE Covid

UAE reports 198 Covid-19 cases, 279 recoveries

The nationwide case count has risen to 899,835

Etihad Airways

Abu Dhabi’s Etihad Airways performs 42 ecoflights over five days

Etihad Airways’ ecoflights tested a range of operational efficiencies and technologies