Sheikh-Hamdan-reviews-DET-plans-progress-on-Dubai-economic-Agenda d33 Dubai Media Office

Sheikh Hamdan reviews DET progress on Dubai Economic Agenda D33 goals

According to the latest DET data, Dubai recorded an increase of over 30 per cent in new business licenses issued during Q1 2023 compared to the same period in 2022

Air Arabia to expand fleet size in 12 months Image Air Arabia

Air Arabia reveals plans to double current fleet within 12 months

The enhanced fleet size will continue to support inbound tourism, particularly in Abu Dhabi, as the emirate continues to see a rise in tourism

Saudi Arabia sports clubs’ privatisation plan

Saudi Arabia kicks off sports clubs privatisation project

The project seeks to raise Saudi Pro League’s commercial revenues from SAR450m in 2022 to over SAR1.8bn annually

Eid AL Adha 2023 date predicted to be June 28 Image credit Getty images

Eid Al Adha 2023 likely to start on this date, predicts UAE astronomer

Eid Al Adha, which means the ‘festival of sacrifice’, is observed on the tenth day of the twelfth and final month in the Islamic calendar, Dhul Hijjah

Emirates to host 80th IATA AGM

Dubai’s Emirates to host 80th IATA AGM

The 80th IATA AGM will be the first global gathering of aviation’s top leaders to be hosted in the UAE

Lumina’s role is to support UK companies

Lumina Capital appointed registered provider to UK’s DBT

The firm will support UK companies seeking to engage in the Middle East in sectors such as healthcare, renewable energy and technology

LBS' Jane Khedair on why the MENA region is prime ground for VCs and startups

Insights: Why the MENA region offers exciting opportunities for VCs, startups

The abundance of family money, rising government and financial support for startups complemented by the focus on economic diversification has put the region into the spotlight

IATA global airlines

Global airline profit to reach $9.8bn in 2023: IATA

The industry’s operating profit will reach $22.4bn this year, more than the December forecast of $3.2bn

Oil production to be hit after Saudi Arabia announces cuts. Image: Getty Images

Saudi Arabia to cut additional one million barrels in oil production after OPEC+ talks

The 23-nation group offered no additional action to buttress the market, but pledged to maintain their existing oil production cuts until the end of 2024

FTA Director General Khalid Ali Al Bustani

Corporate tax: FTA launches corporate tax workshop platform

The new feature forms part of the steps the FTA has taken to ensure a smooth implementation of the corporate tax law

National Bonds raises stake in Taaleem oup CEO image National Bonds

National Bonds increases stake in Taaleem to 22%

Taaleem operates 26 schools with 27,000 students, supported by more than 1,700 faculty members and 3,000 administrative staff in the UAE

Riyadh Air

Riyadh Air unveils new livery

The airline describes it as a “perfect blend of cutting-edge technology and timeless elegance”

Samana Ivy Gardens

UAE real estate: mid-tier developments are top buyer preferences

After a spate of ultra-luxury and luxury housing sales, mid-tier developments look to drive the UAE’s real estate market

DIB launches DIB alt image DIB

Dubai Islamic Bank launches DIB ‘alt’, consolidates digital offerings

DIB alt brings together more than 135 digital services via the DIB Mobile App, online banking, WhatsApp and ATMs

Emirates to recycle onboard items as part of its new closed loop recycling initiative Image credit Emirates

Emirates to recycle plastic trays, items used onboard into new products

The airline has launched a new closed-loop recycling initiative, which will see millions of onboard items recycled in a local facility into fresh, ready-to-use products

Unemployment insurance scheme_MOHRE

UAE Unemployment Insurance scheme: Know the policy claim companies

The UAE government has signed an agreement with nine local companies to operate and fund the unemployment insurance scheme

Saudi Arabia disburses $8bn

Saudi Arabia’s National Development Fund disburses over $8bn in financing

The Saudi Industrial Development Fund supported over 100 beneficiaries through the industrial fund’s academic and advisory programmes

AD Ports Group, Crystal Offshore deal

AD Ports Group inks 25-year agreement with Crystal Offshore

The new shipyard fabrication facility will cater for drilling rigs and marine assets as well as deep water vessels such as FPSO

NEOM - TELFAZ11 Productions

NEOM, Telfaz11 sign partnership to produce nine shows and three films

Two feature films and one series which are currently under development at NEOM’s media hub, will be included in the overall deal

UAE launches nationwide sustainability awareness campaign Image: Credit Getty Images

COP 28: New national campaign launches to raise sustainability awareness

The campaign aims to spread awareness about UAE’s environmental sustainability issues, encourage community engagement and support climate action strategies ahead of COP28

EDB partners with ADDED

Make it in the Emirates: EDB joins hands with ADDED

The development bank is playing a vital role in supporting the UAE’s industrial strategy by providing financial assistance and driving sustainable growth

Ajman Holiday Homes

Landlords, hotel owners can rent out short-term holiday homes in Ajman

The holiday homes services create a comprehensive regulatory framework to govern and supervise the operations of short-term rentals

Winners of the startup pitch competition

Make it in the Emirates: MoIAT reveals startup pitch competition winners

Twenty-four startups were shortlisted to participate in the competition by a panel of industry experts from a pool of almost 400 submissions

New cancer drug-from-Astrazeneca-launched-in-the-UAE-Image-credit WAM

New drug to treat liver, lung cancer now available in UAE

The UAE is one of the first countries in the Middle East to receive the medication

Americana Restaurants on MSCI UAE Index

KFC, Pizza Hut holding firm Americana Restaurants lists on MSCI UAE Index

The index is widely recognised as an important benchmark for investment decision-making by investors in emerging markets

Zest Pharmacy retail outlet

Aster Pharmacy, Spinneys launch Zest Pharmacy in Abu Dhabi

The pharmaceutical concept will provide a wide range of products including skincare, nutrition, cosmetics and mother and childcare

DUBAI - RENTAL AREAS

Dubai property sector sees 11,700 transactions worth Dhs34bn in May

According to Property Finder’s proprietary data, the top searched areas for owned apartments in May included Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah, and Jumeirah Village Circle

Tabby

Dubai buy now, pay later firm Tabby raises debt to $350m

The financing round for Tabby was led by US-based Partners for Growth, Atalaya Capital Management and CoVenture

UAE Exports to lead country's growth

UAE exports projected to reach Dhs2tn by 2030: report

The country’s transformation to a high-tech manufacturing and innovation hub will see its exports reach around Dhs2tn by 2030

Adnoc private sector

ADNOC, Nafis to create 5,000 new private sector jobs

ADNOC Group has partnered with Emirati Talent Competitiveness Council to empower UAE talents to take leading roles in sustainable development of the industrial sector