Emirates boarding pass (Image: Supplied by Emirates)

Emirates to phase out paper boarding passes for flights from Dubai

From May 15, most passengers departing from T3 at DXB will have to use a mobile boarding pass

Dubai Chambers signs MoU with AACCI

Dubai Chambers opens Sydney office, signs MoU with Australia Arab Chamber

The Sydney office is the second to be inaugurated in 2023 and expands the chamber’s global network to 17 representation offices

ADNOC Gas first Q1 results

ADNOC Gas’ Q1 net income surges by 9% to $1.3bn

The net income for the quarter ended March 31 included a one-time tax benefit of $300m following its formation earlier this year

UAE France

UAE, France trade grew 17%, reached Dhs29.5bn in 2022

The bilateral trade between the two countries consisted of imports valued at Dhs25.2bn, while exports and re-exports were valued at approximately Dhs4.2bn

Emirates Group

Dubai’s Emirates Group reports highest-ever annual profit of Dhs10.9bn for FY2022-23

Emirates Airline reported its most profitable year ever with a profit of Dhs10.6bn compared with Dhs3.9bn loss in the previous year

Rotana's Guy Hutchinson signs the agreement at the FHS in Riyadh. (Image: Supplied by Rotana)

Rotana signs agreement for five new properties in Riyadh

The openings will cumulatively add 618 keys to its portfolio and includes four Edge by Rotana hotels as well as one Rayhaan by Rotana property

Dana Gas

UAE’s Dana Gas reports Dhs183m net profit in Q1 2023

Profitability for the quarter dropped 7 per cent compared to a 22 per cent decrease in the company’s realised prices during the period

Emirates installation at Expo 2020 Dubai (Image: Supplied by Emirates)

Emirates unveils $200m aviation sustainability fund

The amount, disbursed over three years, will support R&D on projects aimed at reducing the impact of fossil fuels in commercial aviation

UAE debut T-Sukuk oversubcribed

UAE’s debut Islamic treasury bonds attracts bids worth Dhs8.3bn

The T-Sukuk auction will be followed by a listing on Nasdaq Dubai to promote secondary market trading along with primary dealers

executive directors

Sheikh Hamdan appoints new executive directors for two government entities

The two resolutions are effective from their date of issuance

ADNOC Baker Hughes agreement

ADNOC, Baker Hughes partner to advance hydrogen technology

The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030

EDB adds new financing sector

Emirates Development Bank to finance UAE renewables sector

The bank is now two years into an ambitious five-year strategy aimed at empowering SMEs and large corporates in five priority sectors

DIFC innovation Hub AECB sign agreement to support fintechs

DIFC Innovation Hub, AECB to empower fintech startups in the UAE

The bureau will enable the DIFC Innovation Hub community to tap into new data sets to boost fintech development in the UAE market

Transformers

World’s first Transformers-themed attraction to be launched in Saudi Arabia

Spanning over 10,000 square metres, the indoor entertainment centre will open at Al Hamra district of Riyadh

UAE an enabler of global trade

UAE, Thailand agree to launch CEPA negotiations

The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force

Flyadeal

Online travel marketplace Wego joins forces with flyadeal to enable direct flight bookings

The airline currently operates scheduled flights to 17 domestic destinations across Saudi Arabia and six in Europe, Middle East and Africa

Cloud7 Residence AlUla (Image: Supplied by Kerten Hospitality)

Kerten Hospitality’s project size in Saudi to reach SAR1.5bn in 2023

The group has launched The Collective by Kerten Hospitality initiative to unify its efforts across all the projects in the kingdom

Deyaar Development

Dubai property firm Deyaar posts 125% surge in Q1 profit

The property developer’s net profit reached Dhs56.4m in the first three months of 2023 from Dhs25m in the same period last year

Flynas A320 new aircraft (Image: Supplied by flynas)

Saudi’s flynas receives three Airbus aircraft

It includes two new A320 neo and one widebody A330 aircraft

Tajikistan

UAE, Tajikistan sign air transport services agreement

The two documents aim to lift restrictions on designated carriers from the UAE and Tajikistan, and streamline trade and air traffic between the two nations

ADNOC Logistics shares will begin trading June 1

ADNOC to sell 15% stake in logistics unit in Abu Dhabi IPO

The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business

Burjeel Holdings

Burjeel Holdings’ Q1 2023 profit surges 43.4% to Dhs121.3m

The healthcare services provider said its revenues surged by 11.6 per cent year-on-year to Dhs1.1bn in the first quarter of 2023

restoration

World’s largest ocean restoration project unveiled in Dubai

URB unveils ‘Dubai Reefs’, a floating living lab for marine restoration and ecotourism

Aramco’s Abha bulk plant

Saudi Aramco Q1 profit drops to $31.9bn on lower oil prices

Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility

PureHealth, Ardent deal

PureHealth closes acquisition of Dhs1.8bn stake in Ardent Health

The completion of the transaction is expected to further strengthen PureHealth’s vision towards becoming a leading global player in healthcare

DXB T3 Dubai International

Dubai’s DXB sees passenger traffic reach 95.6% of 2019 levels in Q1 2023

India remained DXB’s top destination country with passenger traffic reaching three million, followed by Saudi Arabia, the UK and Pakistan

Abu Dhabi 2022 GDP

Abu Dhabi economy grows 9.3% in 2022 on non-oil activities boost

The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP

DEWA first quater net profit

DEWA’s Q1 2023 net profit up 10.4% to $208m

The utility company’s revenue for the first three months of the year hit Dhs5.44bn, up 7.3 per cent year-on-year

ADAFSA

Abu Dhabi Agriculture and Food Safety Authority, Hub71 partner to develop agtech innovations

Both entities will work to address the challenges faced by the agtech sector by connecting businesses with startups offering technology-based solutions

Red Sea

Saudi Red Sea developer weighs public offering as soon as 2026

The firm is in early talks with banks and stakeholders, John Pagano, chief executive of Red Sea Global, said in an interview, without disclosing details on advisers, banks or valuation