#Dubai

Emirates recycles equivalent of fully loaded A380 in 2022

Emirates recycles materials equivalent to fully loaded A380 in 2022

The carrier recycled more than 500,000 kilograms of plastic and glass last year

Empower

Empower to invest Dhs450m to serve over 43 buildings in DMC

The company will provide its services with a cooling capacity of 63,000 refrigeration tonnes

Museum of the future turns one

Dubai’s Museum of the Future turns one, here are its key milestones

The Museum of the Future has welcomed more than a million visitors since it opened last February

DIFC aims to attract 50 hedge funds to Dubai photo courtesy Dubai Media Office twitter

Dubai’s DIFC in talks to attract 50 hedge funds

Dubai International Financial Centre is offering reduced licensing fees and capital requirements for hedge funds domiciling a domestic fund

Dubai’s DIFC registers highest revenue in history

Dubai’s DIFC registers highest ever revenue in 2022

The financial centre registered the highest number of new firms – totalling 1,084 – last year

Dubai's Emirates to invest $135m in new pilot training facility

Dubai’s Emirates to invest $135m in new pilot training facility

The new facility will be ready in 2024, and will have the potential to expand the airline’s pilot training capacity by 54 per cent annually

Sheikh Hamdan approves new model for government excellence

Sheikh Hamdan approves new model for government excellence

The new government excellence model aligns with recent developments in government work mechanisms, including the ‘Services 360’ policy and the Dubai Future Readiness Index

Dubai opens world’s largest solar-powered data centre

The data centre has a capacity exceeding 100 megawatts, and spans more than 16,000 square metres

DMCC says diamond trade grew by 17% in 2022

Dubai’s DMCC sees 17% rise in diamond trade in 2022

According to DMCC’s figures, trade for rough and polished diamonds touched $37.4bn in 2022

Emirates to increase flights on Dubai-Cairo route

Emirates to increase flights on Dubai-Cairo route

The Egyptian capital will be served with 28 weekly flights, starting October 29

Aramex completes testing of drone and bot deliveries in Dubai

Aramex completes testing of drone and bot deliveries in Dubai

The company plans to expand its drone and robot delivery testing across the Middle East and Africa region

Dubai's Emaar announces net profit rise of 80% to Dhs6.8bn, riding on record property sales

Dubai’s Emaar sees 80% net profit rise to Dhs6.8bn, supported by record property sales

Emaar’s group property sales in 2022 reached $9.5bn, primarily driven by new project launches

How Dubai's AIX Investment Group is forging sports partnerships to propel growth

Cover story: How Dubai’s AIX Investment Group is forging sports partnerships to propel growth

Establishing alliances beyond the traditional realm of finance are expected to yield promising returns for the advisory firm. And the returns may not be only monetary in nature

Emaar Development records property sales worth $8.36bn in 2022, a YoY increase of 12%

Emaar Development records property sales worth $8.36bn in 2022, a YoY increase of 12%

Emaar Development reported earnings before EBITDA of Dhs4.22bn, achieving 17 per cent growth in net profit to Dhs3.80bn

Majid

UAE’s Majid Al Futtaim launches Mall of the Metaverse

The mall is in the initial phase of development and will open to visitors after multiple stages of testing

World Government Summit 2023 photo twitter WGS 2023

World Government Summit 2023 kicks off in Dubai

This year’s edition is being graced by more than 250 ministers, with over 80 international, regional and governmental organisations adding value to sessions and forums

TECOM Group - Dubai Internet City

Tecom Group records 28% rise in net profit to Dhs725.6m in 2022

The revenue for 2022 rose by 12 per cent YoY to Dhs1.97bn due to a significant increase in new customers and the delivery of new built-to-suit projects

Dubai Chambers inaugurates new office in Hong Kong

The office will promote trade from Hong Kong to Dubai and attract more businesses to the emirate

Emirates sets up humanitarian airbridge to transport aid to Syria, Türkiye

Dubai’s Emirates sets up humanitarian airbridge to transport aid to Syria, Türkiye

The emergency aid on Istanbul-bound flights will be delivered to earthquake-stricken sites in southern Türkiye and Syria

Dubai's DIFC enacts new regulations for family-owned businesses

Dubai’s DIFC enacts new regulations for family-owned businesses, UHNWIs

The new rules provide guidelines for family businesses holding assets and operating in or from DIFC, in support of their succession and legacy planning for future generations

McLaren Formula 1

UAE’s DP World becomes an official partner of McLaren Formula 1 team

The partnership will support the F1 team to drive enhanced efficiency, reimagining the team’s supply chain to make it faster and more sustainable

Dubai's VARA introduces regulations for 2023_Dubai-Media-Office-twitter

Dubai’s Virtual Asset Regulatory Authority issues regulations for 2023

As the authority providing VA oversight across Dubai with the exception of DIFC, VARA facilitates VA-associated economic stability, investor protection, and jurisdictional resilience

LandVault

Metaverse developer LandVault expands to Dubai

Its technology will allow real estate developers to showcase their projects by providing a more immersive experience for potential buyers

DAMAC awards main works contract for Cavalli Tower_2

DAMAC awards Dhs886m main works construction contract for Cavalli Tower

China State Construction Engineering Corporation will carry out main works construction of the 71-storey Cavalli Tower

Taxis in Dubai to become 100% eco-friendly by 2027

Taxis in Dubai to become 100% eco-friendly by 2027

A total of 11,371 taxis were operating in the emirate by end of 2022

DP world open new trade routes in 2022

Dubai’s DP World reports 1.4% rise in gross container volumes in 2022

Jebel Ali handled 14 million TEU (twenty-foot equivalent units) in 2022, up 1.7 per cent year-on-year

Dubai receives 14.36 million international visitors in 2022

Dubai receives 14.36 million international visitors in 2022

The emirate closed in on its pre-pandemic visitor figures of 16.73 million recorded in 2019

Property Finder data on Dubai-real-estate-courtesy-Dubai-Media-Office

Dubai real estate: Sales transactions record over 128.5% YoY rise in Jan, reveals Property Finder

Off-plan transactions witnessed a remarkable performance, with a 90 per cent YoY increase recording over 5,000 transactions

Aldar-announces-JV with Dubai Holding

Aldar signs strategic JV with Dubai Holding, enters Dubai real estate market

The communities will feature over 9,000 residential units, with launches planned for this year

Dubai records 5.5% growth in energy demand in 2022

Dubai records 5.5% growth in energy demand in 2022

Energy demand last year reached 53,180 gigawatt-hours, compared to 50,401 gigawatt-hours in 2021