#Dubai

Dulsco

Dulsco launches region’s first re-refinery plant in the UAE

The 14,000 sqm facility in Jebel Ali is capable of processing around 1,400 tonnes of oily waste

UAE-based multi-brand electric vehicle platform EV Lab, has partnered with with Croatian electric hyper manufacturer, Rimac Automobili to bring Rimac’s Nevera to Dubai. Nevera, the world’s fastest accelerating production EV, is now on display for the remainder of Expo 2020 at the Croatia Pavilion, which visitors can preview. EV Lab will act as the sole distributor for the ultra-exclusive Nevera and revealed that the first test drives for the MENA region will be taking place in Abu Dhabi at Yas Marina Circuit in February 2022. The Nevara is powered by a quad-motor drivetrain, where each motor powers one wheel individually. When combined, the wheels produce 1,914 horsepower, which is enough to accelerate the car from 0-60 miles per hour in just 1.85 seconds. In addition, the Rimac Nevera has set a new world record for production car acceleration, covering the quarter-mile in just 8.582 seconds. The Nevera is the production-ready iteration of the Rimac C_Two, first announced in 2018. It has been designed, engineered, tested and manufactured in-house at Rimac’s global headquarters in Croatia. “The electric vehicle market has grown - even with the pandemic. We’ve seen 72 per cent growth over 2020,” said Kevin Chalhoub, founder and CEO at EV Lab “Just look around. Electric charging stations are readily available here in the UAE. We are at the forefront of technology and innovation which is why it is really great we are able to launch here are Expo 2020.” “Our goal is to showcase that electric vehicles are not only sustainable but also at the forefront of technology as Rimac is doing just that with the first electric hypercar company in the world. Paying homage to Expo 2020 key themes of Mobility, Sustainability and Opportunity, the Rimac Nevera will be on display at Expo 2020 until March 31, 2022.” After starting Rimac Automobili in 2011 with just a handful of people, CEO Mate Rimac has grown the company from a specialist component manufacturer to a series production hypercar and technology powerhouse, which employs over 1,300 dedicated employees. Recently, Rimac and Bugatti joined forces under the new company – Bugatti Rimac – combining Bugatti’s heritage of design and engineering with Rimac’s technology.

UAE’s EV Lab brings world’s fastest accelerating production EV to Dubai

The car is on display at the Croatia pavilion at Expo 2020 Dubai

Dubai

State-owned Bank Syariah Indonesia to open representative office in Dubai in 2022

It will work across three key business areas: global sukuk, remittance, and trade finance

Dubai’s DAFZA, Export Bahrain sign agreement

The MoU seeks to encourage companies across the two countries to expand joint trade relations and enhance cooperation

Beyond Limits inaugurates regional headquarters in the UAE

The US-based company expands to Europe, Middle East and Africa with headquarters in Dubai Internet City

Dubai UAE

Dubai issues 55,194 new business licences during the first 10 months of 2021

The figure marks a 69 per cent increase over the same period in 2020 when 32,626 licenses were issued

Hind Seddiqi, director general of Dubai Watch Week

What to expect at Dubai Watch Week 2021

The fifth edition of the Dubai Watch Week returns this month, and it’s the biggest one yet. Hind Seddiqi, director general of the event, shares a few insights

Emirati employee

Emirati members of Dubai SME to get up to seven-year exemption on licence fee

The fee exemption applies to registered Emirati members who have not completed the five-year period

RTA completes 85% construction of Dubai-Al Ain Road improvement project

As part of the project, a new bridge has been opened linking Al Manama and Al Meydan streets

Museum of the Future Dubai

Dubai wins hosting rights for ICOM 2025, world’s largest conference for museums

The theme for the event will be The Future of Museums in Rapidly Changing Communities

Sheikh Hamdan launches Dubai programme to enable drone transportation

The primary objective of the programme is to explore the use of drones in several sectors, including health, security, shipping and food

Emirates sustainable fuel

Dubai’s Emirates to conduct test flight with 100% sustainable fuel by 2022

Currently approved for use is a blend of petroleum-based Jet A or Jet A-1 fuel and a SAF component with a maximum blend limit of 50 per cent

Five-year visas announced for employees of global companies based in Dubai

The directive was announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on Tuesday

UAE to host the second edition of Cybertech Global in June 2022

At the press conference held on November 15 in Dubai, Dr Mohamed Al Kuwaiti, head of cybersecurity, UAE Government highlighted the region’s latest trends in the cybersecurity sector

DubaiDubai Future District Fund

New Dhs1bn fund to support tech startups in Dubai

Sharif El-Badawi has been appointed as CEO of the Dubai Future District Fund

Emirates Gulf Air

Dubai’s Emirates and Bahrain’s Gulf Air unveil codeshare plans

The MoU was signed on the first day of the Dubai Airshow 2021

Dubai’s utility asks banks to pitch for multi-billion dollar IPO

DEWA reported net income of $1.3bn for 2019

Roads and Transport Authority electric bus

RTA launches trial of two electric buses in Dubai

Each bus has a range of 200km when fully charged

Emirates to offer its A380 service on Dubai-Bangkok route

With the launch of the A380 service on November 28, Emirates will offer three daily services to passengers travelling to and from Bangkok

Dubai Airshow 2021

Dubai Airshow 2021 commences with over 370 new exhibitors

It is expected to host over 85,000 visitors this year and feature more than 175 of the world’s most advanced aircraft

Dubai road-toll operator Salik to seek about $1bn in IPO

Plans unveiled to list Salik road toll system on Dubai Financial Market

There are currently eight Salik toll gates in the city, with three million vehicles registered in the system

Emirates Dubai Airport

Dubai’s Emirates Group reports $1.6bn half-year net loss

The group’s revenue totaled Dhs24.7bn for the first six months of 2021-22

Marriott W Dubai - Mina Seyahi

Marriott to open W Dubai – Mina Seyahi in 2022

The 31-storey hotel will feature 318 guestrooms, including 26 suites and an Extreme Wow Suite

Dubai private schools

Dubai private schools report 3.5% growth in student enrolments

There are 289,019 students belonging to 185 nationalities enrolled in 215 private schools

International investors boosting Dubai property market, say developers at Cityscape

During the first nine months of the year, a total of 43,299 property sales transactions worth Dhs104.3bn were recorded in Dubai

Vincent Wijnen, Senior Managing Director of Al-Futtaim Automotive officially opens Al-Futtaim Automall in DIP

Five minutes with Vincent Wijnen, senior managing director at Al-Futtaim Automotive

Al-Futtaim Automotive reportedly has around a 40 per cent market share in the UAE

Emirates Garuda Indonesia

Dubai’s Emirates signs codeshare MoU with Garuda Indonesia

Subject to required regulatory approvals, the codeshare agreement is expected to come into effect from January 2022

How the pandemic has reinvented trade

The demand for more seamless and end-to-end logistics services has risen dramatically to deal with market volatility

Debt management office

Sheikh Mohammed approves board of directors for Dubai International Arbitration Centre

The board will be chaired by Dr. Tarik Humaid Al Tayer, while Dr. Ahmed Saeed Al Suwaidi will serve as its vice chairman

Dubai to encourage IPOs from private firms to revive market

The city merged its economic and tourism departments on Saturday