siranna new destination launched by NEOM Image NEOM

Saudi Arabia: What NEOM’s new destination, Siranna, has to offer

Situated on the Gulf of Aqaba coastline, this ultra-luxurious destination will be home to a 65-key hotel, as well as 35 exclusive residences

Cop28 Saudi Arabia clean energy focus Saudi Green Initiative Forum

Saudi Arabia sees 300% rise in installed renewables capacity

The Saudi Green Initiative aims to improve the quality of life and protect future generations by increasing reliance on clean energy

UAE unveils World Fire Emission Reduction Alliance Image Dubai Media Office

UAE unveils World Fire Emission Reduction Alliance at COP28

The signatories collectively represent over 56 countries globally, establishing a wide-ranging global alliance dedicated to reinforcing security, disaster prevention

Dubai Calendar events in December 2023 -Winter Garden at Habtoor Palace Dubai until 31 January

Dubai Calendar: Here’s a lineup of sport, festive, music, NYE events in Dec 2023

Dubai Calendar has revealed an exciting array of events in December, including DSF, Sole DXB, Winter Garden and other events

Dr Sultan Ahmed al Jaber-COP28-president-designate Image COP28

COP28 UAE: Dr Sultan Al Jaber recaps key wins of first 4 days

“Tackling methane will have a massive near-term impact on keeping 1.5 within reach, and that’s why I am putting it at the top of my agenda,” Dr Al Jaber said during his briefing

UAE finance sector to mobilise Dhs1tn in sustainable finance image UBF X

COP28: UAE financial sector commits to mobilising Dhs1tn in sustainable finance

In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank

PIF to acquire 49% stake in Rocco Forte

Saudi wealth fund PIF to acquire 49% stake in Rocco Forte Hotels

The wealth fund’s investment will include an element of primary equity, and the completion of the deal is subject to regulatory approval

PureHealth seeks to raise Dhs3.62bn from IPO

UAE’s Purehealth seeks to raise Dhs3.62bn from IPO

The healthcare firm is offering about 1.11 billion shares, equivalent to 10 per cent of the total issued share capital

UAE UNION DAY RULES

UAE: 14 rules you need to know for Union Day

The MOI published a notification on its social media accounts enumerating the rules that had been put in place to ensure a respectful celebration

UAE Union Day 2023: Free parking, toll announced in Abu Dhabi

Free parking, toll announced in Abu Dhabi for Union Day

ITC said surface parking will be free during the holiday from Saturday, December 2, until 7:59 a.m. on Tuesday December 5

President Sheikh Mohamed unveils $30bn climate fund

UAE President Sheikh Mohamed unveils $30bn climate fund

The country has invested $100bn in climate action and renewable energy, and is committed to investing an additional $130bn over the next seven years

casino

Casino update: Dubai awards biggest island construction contract to house MGM, Bellagio

Located off the coast of Umm Suqeim, The Island is expected to feature major casino properties with 1,400 hotel rooms and apartments

Aldar buys UK’s London Square for Dhs1.07bn

Aldar Properties acquires UK developer London Square for Dhs1.07bn

The transaction is expected to have a positive impact on sales, given the opportunities to cross-sell across the two companies’ respective customer base

Cybercrime laws Image Getty Images

MoHRE: Midsize firms told to hire Emiratis or face Dhs96,000 penalty

Companies that fail to meet the new Emiratisation targets in 2024 face Dhs96,000 for each Emirati not hired

Dubai announces free parking and new bus and metro timings for 52nd Union Day Image RTA

Dubai announces free parking, new metro, bus timing for 52nd Union Day

RTA has introduced free public parking during the Union Day holiday, except for the multi-level parking terminals, from December 2-4

MBC Group sets price range for IPO, seeks to raise $222m

Saudi Arabia’s MBC Group sets price range for IPO, seeks to raise $222m

The broadcaster plans to use the proceeds to repay debt, enhance its financial flexibility and invest in new content for Shahid

UAE announces petrol, diesel prices for December

Fuel prices fall in UAE: latest December rates revealed

The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 7 fils per litre in December

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

Etihad Rail: Abu Dhabi announces new passenger train service

Based on the agreement with Etihad Rail, ADNOC employees will be able to travel between Abu Dhabi and Dhannah via the railway network in the future

UAE traffic fine

UAE Union Day 2023: 50% discount on fines announced by three emirates

Fujairah, Ras Al Khaimah, and Umm al Quwain have announced a massive traffic discount for a month starting December 1

UAE marks commemoration day on Nov 30 Image WAM

UAE marks Commemoration Day on November 30, honours martyrs

The UAE has a comprehensive strategy focused on supporting families of the martyrs, including housing programmes, healthcare and educational support

Abu Dhabi with skyscrapers against fireworks in UAE

UAE National Day 2023: Where to watch the official show, fireworks in Dubai, Abu Dhabi

Abu Dhabi will host multiple venues that plan to put up a dazzling display in honour of the 52nd National Day

ETIHAD AIRBUS A380 SUPERJUMBO - to fly to NEW YORK

Etihad Airways to fly A380 on popular Abu Dhabi to New York route from April 2024

The US route becomes the second destination after London to enjoy the A380 experience since Etihad returned its superjumbo to the skies

Oman - USGS earthquake map

Oman: 5.3 magnitude earthquake recorded in Dhofar Governorate

The EMC at Sultan Qaboos University said the quake was recorded at a depth of 4 kilometres

Saudi Arabia’s PIF secures $5bn loan covered by K-SURE

Saudi Arabia’s PIF secures $5bn loan covered by K-SURE

The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia

UAE Union Day: Top 5 destinations for holidaymakers

Travellers are opting for more alternative international destinations when it comes to the upcoming long weekend break.

COP28: Sheikh Zayed Road closures

COP28: Sheikh Zayed Road closure from Friday; what you need to know

The temporary road closure will occur between the Trade Centre Roundabout towards the Expo Intersection, and will occur during the start of COP28

Heathrow airport road sign

Saudi’s PIF to pick up 10% stake in London’s Heathrow airport

The transaction is subject to regulatory conditions and must comply with the right of first offer

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

OPEC+ talks: Oil inches higher as Black Sea storm disrupts supply

OPEC+ is due to hold an online ministerial meeting to discuss 2024 production targets

IMF

IMF chief demands end to ‘business as usual’ ahead of COP28

The IMF was working with seven countries on debt restructurings, while a couple more would need help to reduce their debt burden