#Dubai

Vernost Dubai

Martech solution provider Vernost opens Middle East headquarters in Dubai

The Dubai office will be staffed by a combination of relocated Indian team members and locally sourced talent

Dubai-based ride sharing firm Swvl to slash headcount by a third

The reductions will focus on roles that have been automated by investments in engineering and product and support functions

DEWA announces Dhs12.08bn revenue in H1 2022

DEWA reveals number of new electricity and water connections in Dubai last year

It provides its services to 3.5 million people who live in Dubai

Raed Barqawi’s book on Sheikh Mohammed bin Rashid launches at ADIBF 2022

Published by Motivate Media Group, the book gives readers a never-before glimpse into the rationale behind some of Sheikh Mohammed’s key decisions

Lotus Eletre

Lotus Cars inaugurates new Dubai showroom

As part of its ongoing transformation, Lotus has also opened its new sports car manufacturing facility in Hethel, England

damac properties us miami

Dubai’s Damac Properties makes US entry by winning $120m bid in Miami

The property in the Miami neighbourhood of Surfside will offer residents direct beach frontage and access to South Beach and Bal Harbour

Texub

Dubai-based startup Texub launches a B2B marketplace

The platform supports smaller vendors in establishing themselves in global markets and handling their end-to-end business requirements

cryptocurrency

Dubai’s crypto edtech Coinmarketpedia secures $2m to expand footprint

The funds will be used to enhance features, allow for investments in ecosystem partnerships and onboard industry experts

Qatar

Qatar world cup shuttle flights set to buoy Gulf tourism

The shuttle service will initially connect Doha with Dubai, Muscat, Riyadh, Jeddah and Kuwait City

Pupil ASME

AI specialist Pupil acquires ASME to expand in the UAE

Founded in 2008, ASME is a UAE-based company that specialises in all elements of property measurement

dubai real estate

Mo’asher: Dubai records 6,983 real estate sales transactions in April 2022

It marked a 45.5 per cent increase over the month of April 2021

Insurtech Turtlemint

Insurtech platform Turtlemint opens office in the UAE

Turtlemint’s expansion announcement is in line with the company’s recent $120m Series E fundraising

UAE Ministry issues resolution on bank guarantees and employees’ protection insurance

UAE: New classification system for private sector will determine cost of work permits

The cost of the permits will range from Dhs250 to Dhs3,450, depending on each company’s compliance with the country’s labour regulations and guidelines

Tier Mobility Dubai Districts

Tier Mobility expands across 10 districts in Dubai

Al Khawaneej, Business Bay, Dubai Internet City, Dubai Marina Promenade, Greens, Jumeirah Beach Cycle Track, and Palm Jumeirah are among the new districts

dnata

Dubai’s dnata to replace vehicles, equipment with electric units

dnata aims to become carbon neutral and reduce general and maintenance costs

dubai instant licences

Dubai’s Department of Economy and Tourism issued 32,564 Instant Licences to businesses

The Instant Licences initiative was launched in Dubai in August 2017 to streamline the process for entrepreneurs to set up their businesses

dubai uae

Dubai wants metaverse to contribute $4bn to its economy by 2030

A new task force has been set up by the Dubai government to track the latest developments in the digital economy

Averda Nakheel

Averda becomes Nakheel’s primary waste and sustainability partner for Discovery Gardens

Averda will provide 50 large recycling cages, making it easier for residents to recycle, with three bins dedicated to collect electrical items

all stars football club

Celebrities from India and the UAE participate in charity match in Dubai

The Mumbai-based All Stars Football Club played against Emirates United at the Shabab Al Ahli Stadium in Mamzar earlier this month

Dubai airport show

Focus on innovative technology is key, say experts at Dubai Airport Show

The 21st edition of Airport Show opened on May 17 at the Dubai World Trade Centre with participation from more than 150 international companies

Museum-of-the-Future

Dubai’s Museum of the Future partners with Binance to issue NFTs

The Museum of the Future intends to develop assets within the fields of NFTs, cryptocurrencies and the blockchain

SPID Houlihan Lokey Imperial Avenue

Houlihan Lokey raises around $200m for Shapoorji Pallonji for project in Downtown Dubai

Imperial Avenue, a 45-floor residential tower, is Shapoorji Pallonji’s flagship real estate project in the UAE

dnata

Dubai’s dnata invests over $17m to boost Erbil operations

Dnata currently provides passenger, ground and cargo services to over 25 airlines in Erbil

RTA-bus-dubai

Dubai’s RTA resumes 4 intercity bus services, launches new intra-city route

The F38 service which will begin operation on May 19 will connect Jumeirah Golf Estates Metro Station to Dubai Sports City

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

Dubai’s Emaar Properties records 241% increase in net profit for Q1 2022

Emaar Properties’ revenue for the first quarter of the year increased by 12 per cent to total $1.806bn

emirates hiring

Dubai’s Emirates confirms it is on a major cabin crew recruitment drive

The airline said that it is hiring candidates in 30 cities from now until the end of June

Dubai’s GII buys 51% of Saudi Arabia’s Almeswak for $530m

Almeswak operates more than 80 centres across 20 cities in Saudi Arabia

DEWA

UAE’s DEWA reports net profit of Dhs691m for Q1 2022

Dubai’s main power and water company also reported a 15 per cent growth in Q1 2022 revenues to Dhs5.068bn

Dubai’s Emirates Group cuts annual loss by 83% to $1bn for FY 2021-22

“We expect the group to return to profitability in 2022-23″ – Sheikh Ahmed bin Saeed, Emirates Group chairman

Jebel Ali Free Zone

Emirates inks MoU with Jafza to support SMEs in Dubai

Emirates currently has over 20,000 SMEs enrolled in its Business Rewards programme