#News

Alpha Dhabi to divest 49 per cent stake in construction subsidiary to ADQ Image-courtesy-WAM

Alpha Dhabi to divest 49% stake in construction firm to ADQ

The collaboration will enable the entities to tackle complex, large-scale projects with a keen focus on safety, quality, and timely delivery

spinneys IPO to see 900 million shares listed image courtesy spinneys

Spinneys IPO: Food retailer to list 25% of shares on DFM

The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30

Microsoft Invests $1.5 Billion in Abu Dhabi’s G42 Image supplied

Microsoft invests $1.5bn in UAE’s G42 to power AI adoption

Both companies will support the establishment of a $1bn fund for developers to help drive innovation and competitiveness in the UAE and the broader region

Rising e-waste cause for concer shows UNITAR report GettyImages-172261628

E-waste volume could hit 82 million tonnes by 2030: report

Worldwide, the annual generation of e-waste is rising by 2.6 million tonnes annually

VF Corporation's Martino Scabbia Guerrini and GMG CEO Mohammad A. Baker sign partnership agreement

Retail giants GMG, VF Corp boost alliance, explore expansion

Currently operating 90 VF’s mono-brand stores in MENA and SEA, GMG aims to roll out over 300 stores during the next five years

Etihad Airways to fly to Al Qassim from June Image Etihad Airways

Etihad to debut flights to this new Saudi destination

In addition to the Al Qassim route, Etihad Airways will increase frequencies to various destinations, including Antalya and Jaipur, starting June 15

AD Ports group, Iraq sign deal too develop free zone Pic for illustrative purposes

AD Ports Group, Iraq to develop Al Faw Grand Port and Economic Zone

The agreement aims to stimulate trade connectivity and strengthen economic partnership between the UAE and Iraq

smart umbrella service introduced by RTA Image RTA

Dubai debuts free ‘smart umbrella’ service, here’s how it works

This initiative aims to offer residents and visitors a convenient and sustainable way to comfortably explore the city irrespective of the prevailing weather conditions

Cisco completes splunk acqusition

Tech giant Cisco completes landmark acquisition of Splunk

Cisco acquired Splunk for $157 per share in cash, representing approximately $28bn in equity value

Qatar Airways GCEO unveils vision for future

Qatar Airways GCEO unveils vision for airline’s future, marks it as a ‘new era’

The cornerstone of Qatar Airways’ strategic roadmap is the introduction of new first-class cabins, a move aimed at meeting the high demand for premium travel experiences

DIFC enacts comprehensive digital assets law Image-DIFC

Dubai’s DIFC enacts world’s first comprehensive digital assets law

The new legislation came into effect on March 8 and is available for public access through the DIFC’s Legislative Database

Abu Dhabi greenlights Dhs66bn development blitz in 2024 Image Ab Dhabi Media Office

Abu Dhabi green-lights Dhs66bn development drive in 2024

Marking a significant focus on bolstering the housing sector, over Dhs59bn has been earmarked for the development of housing and public facilities throughout Abu Dhabi

Etihad Rail and ADNOC to launch passenger train service in Abu Dhabi Image courtesy Etihad Rail

Sharjah to connect to Etihad Rail network with new station

The Sharjah passenger station will be strategically located near Sharjah University City

Air Arabia announces record net profit for first nine months of 2023 image supplied.

Air Arabia profits jump 27% on passenger, network growth

Air Arabia transported 16.7 million passengers, a 31 per cent growth over 2022, which saw 12.8 million passengers travel with the airline

American University of Sharjah, Sui join forces to launch blockchain academy Getty Images for illustrative purposes

American University of Sharjah, Sui join forces to launch blockchain academy

Sui has also established a Web3 programme at the Wheeler Institute for Business and Development at London Business School

UAE Weather alerts issued image GB

UAE weather: Safety alerts issued in Dubai, Abu Dhabi on Monday

The National Centre of Meteorology has issued weather warnings until February 13, with hail, thunder, lightning, rainfall and high winds expected throughout Monday

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

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

UAE launches ambitious new intellectual property system

UAE launches ambitious new intellectual property system

In 2023, the UAE has witnessed growth in IP applications, with a 9.6 per cent increase in trademarks and a 29.5 per cent increase in intellectual work registrations

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

Jumeirah Group gathers steam on expansion, opens first Saudi hotel, Jumeirah Jabal Omar Makkah

Jumeirah Group gathers steam on expansion, opens first Saudi hotel

In addition to its rooms and suites, Jumeirah Jabal Omar Makkah hosts 88 residences, which sit across the podium of its four towers

IHC Announces Stellar Preliminary Financial Results for 2023 Image courtesy IHC X

IHC sees 18% revenue jump in 2023, as diversification pays off

Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn

Elena Sorlini Abu Dhabi Airports MD and CEO Image Abu Dhabi Airports

Elena Sorlini to helm Abu Dhabi Airports, named new MD and CEO

Most recently, as interim chief, Sorlini managed the successful opening of Abu Dhabi International Airport’s new terminal

Ghitha Holding acquires 44 per cent stake in MNG Airlines Image Supplied

IHC’s Ghitha Holding acquires $211.2m stake in MNG Airlines

The acquisition strengthens Ghitha’s logistics and aviation, cementing its leadership in the regional food trading sector

UAE President visits Jordan Image courtesy WAM

Sheikh Mohamed meets Jordan’s leader during fraternal visit

The UAE and Jordan enjoy robust economic ties with significant trade and investment flows

Gulf Air to operate direct flights to AlUla in Saudi Arabia Image Gulf Air

Gulf Air’s latest route: Seasonal flights to AlUla, Saudi Arabia

The Bahrain-based airline will operate direct flights to AlUla biweekly, starting February 3

Seven signs deal with Formula E Image Supplied

PIF’s Seven brings world-first Formula E karting attractions to Saudi

The Formula E Karting attractions will be built at four of Seven entertainment destinations located in Riyadh, Jeddah, Dammam and Abha

PIF Launches Electric 360 Image PIF

PIF unveils ‘Electric 360’ partnership, announces new brand revamp

The partnership with Formula E, Extreme E and E1 will promote educational opportunities tied to electric motorsports, as well as community, social programmes and environmental stewardship

The RIG msterplan announced Image courtesy OPDC The RIG

Saudi oil rig ‘adventure park’ gets a masterplan

The project includes three hotels with a total of 800 rooms, 11 restaurants, an extreme sports and adventure park, a marina and helipads

Samsung Galaxy S24: Pre-orders now open in UAE

Samsung Galaxy S24: Pre-orders now open in UAE

Samsung customers in UAE can avail pre-order benefits on the latest Galaxy S24 Series, such as free double storage upgrade, one year Samsung Care+ warranty, trade-in benefits and more