Kerten Hospitality will debut its The House Residence brand in the Oxagon (Image: Supplied by NEOM)

Kerten Hospitality to enter NEOM’s Oxagon

A 200-unit serviced apartments property will welcome its first guests in 2025

DEWA

Dubai’s DEWA reports revenue of Dhs12.7bn in H1 2023

For the first six months of 2023, the utility giant reported a net profit of Dhs2.7bn

EFG Holding’s Q2 2023 revenue jumps 51% to $844m

EFG Holding’s Q2 2023 revenue jumps to EGP3.1bn

The banking group’s net profit after tax and minority interest rose by 20 per cent to reach EGP405m

Continent hotels

Continent Worldwide Hotels unveils Saudi Arabia expansion plans

Continent Worldwide Hotels said it was bringing three distinct properties to the Saudi cities of Maddinah and Dammam

ADIB finances UK real estate assets worth $128m in H1 2023

ADIB finances UK real estate assets worth $128m in H1 2023

The banking group has closed senior financing transactions worth more than GBP650m over the past five years

Network International’s half-year revenues reach $239m

Network International’s half-year revenues reach $239m

The payments company said growth was driven by the UAE’s resilient domestic consumer spending and a strong influx of tourists

DCT Abu Dhabi

DCT Abu Dhabi, Air France-KLM partner to boost connectivity

The partnership expands Abu Dhabi’s global connectivity through daily flights to Paris

Al Ansari Financial Services Q1 2023

Al Ansari Financial Services reports dip in profits for H1 2023

It attributed the drop in net profit to predominantly lowered remittance margins, higher costs as well as an increase in financing costs

ACWA Power H1 2023 results Image Acwa Power

ACWA Power H1 net profit rises 26% to SAR684m

Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m

GCC wealth funds are new bankers to the world

GCC wealth funds are new bankers to the world: Here’s why

The sovereign wealth funds from Saudi Arabia, Qatar and the UAE appear to have become go-to investors in difficult times for the global markets

Dubai parks H1 2023 Image WAM Dubai Municipality

Dubai: Over 15 million people visit public parks, leisure facilities in H1 2023

The entire area of Dubai Municipality’s public parks and recreational facilities spans 13 million square metres

Abesq Doha Hotel and Residences opens in Qatar (Image: Supplied by Abesq Doha Hotel and Residences)

Abesq Doha Hotel and Residences opens in Qatar

Located in the city centre, it features 283 rooms, suites and serviced apartments

Dubai Customs prepare for return travellers

Dubai Customs increases services as vacation travellers return to UAE

The customs authority has increased the number of inspectors working on shifts, deployed scanners, and advocated for the use of its proprietary app

MoHRE recoups Dhs2.3m from fake 107 Nafis’ beneficiaries

MoHRE recoups Dhs2.3m from fake 107 Nafis beneficiaries

The ministry has an effective smart inspection system and conducts regular field visits to companies employing Emirati citizens

Dubai-Taxi-RTA

Dubai’s taxi sector posts 10% growth rate in trips for H1 2023: RTA

The emirate saw an increase in e-hailing of taxis, smart car rentals, and Hala Taxi services which drove the growth of the sector

MoIAT

MoIAT, Mohammed bin Rashid School of Government partner to empower local talent

MBRSG will extend academic assistance to the ministry’s personnel, along with introducing creative training initiatives and research schemes

CBUAE revokes licence of an exchange firm

CBUAE revokes licence of money exchange firm

The administrative sanctions are the result of findings which revealed serious regulatory misconduct

Dubai Chamber attracts 69 startups in H1 2023

Dubai Chamber of Digital Economy attracts 69 startups in H1 2023

The chamber held meetings with multinationals, SMEs, startups and scale-ups during the first half of the year to showcase Dubai’s growth potential

US NSA Jake Sullivan in UAE

US National Security Advisor Jake Sullivan in UAE to meet President Sheikh Mohamed

The importance of joint action to ensure peace and stability in the Middle East was discussed at the meet

Emirates cabin crew

Dubai: Emirates cabin crew numbers cross 20,000

The airline represents a diverse team of over 140 nationalities with 130 languages spoken

ADFD Tanzania sign loan agreement Image ADFD

Abu Dhabi Fund for Development finances Dhs110m energy security project in Tanzania

The project’s financing will reduce energy import dependency, stimulate economic activities, develop existing industries and create job opportunities for the population

DXB LIVE Image DWTC

DXB LIVE posts 20% business growth in H1 2023

The agency served 100 distinguished events in the first half of the year, including 35 exhibitions, three conferences, 21 diverse public and entertainment events

Samsung Galaxy Watch6

Samsung Galaxy Watch6 series specs and features: Smartwatch available for preorder

The new Galaxy Watch6 series provides personalised health guidance, design upgrades and an enhanced mobile experience

ADNOC Gas awards $3.6bn contract to boost gas processing

ADNOC Gas invests $3.6bn to boost gas processing capabilities

The project seeks to increase ethane extraction from the company’s existing onshore facilities in the Habshan complex

Zain group HQ in Kuwait

Zain Group reports net profit of 14% for Q2 2023

The mobile voice and data services operator reported that it served 52.7 million customers at the end of the period across seven countries

Dubai introduces Dhs20,000 for drivers fleeing accident scene

Dubai: Drivers fleeing accident scene face Dhs20,000 fine

The authority’s accident investigation experts use innovative technologies to identify accident causes and track down offenders

Anantara's eco-luxury resort

Anantara’s eco-luxury resort in Ras Al Khaimah to launch this year

The eco-luxury resort features 174 guest rooms, suites and villas, including the first over-water villas in the emirate

UAE

UAE weather: NCM forecasts rainy convective cloud formations

The centre presented a weather forecast for the period between Wednesday and Saturday

Dubai Public Prosecution enables smart Fine payment service

Dubai Public Prosecution launches fine payment service, enables travel ban to be lifted automatically

The service enables parties in a criminal case to pay the issued fine and automatically have their travel ban lifted after the court’s verdict is issued

UAE enacts new laws for healthcare professionals

UAE enacts new laws for healthcare professionals

Practising without a healthcare licence attracts a fine of not less than Dhs50,000 and not exceeding Dhs100,000