Oman, Israel

Oman opens airspace to all airlines

The sultanate’s historic decision is expected to shorten flights to some Asian destinations by more than two hours

UAE's Yahsat, Bayanat partner to develop in-country space programme

UAE’s Yahsat, Bayanat partner to develop in-country space programme

The partnership aims to build and operate strategic earth observation capabilities within the UAE

Sheikh Mohammed at the inauguration of the UAE National Railway Network Photo courtesy WAM

Sheikh Mohammed witnesses launch of UAE National Railway Network operations

The ambitious development project is one of the largest infrastructure projects in the region and aims to link the seven emirates with a main railway network

ADNOC- Gas IPO

ADNOC Gas eyes $2bn from world’s biggest IPO this year

ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43

Abu Dhabi Fund _photo courtesy WAM Wam

How Abu Dhabi Fund’s first development project in Nigeria will serve the community

The project is expected to stimulate commercial activities and improve transport links between the main cities in the country

Deals worth $1.579bn signed on day three of IDEX and NAVDEX 2023

Deals worth $1.579bn signed on day three of IDEX and NAVDEX 2023

A total of 34 deals, worth $5.02bn, have been announced thus far

Emirates recycles equivalent of fully loaded A380 in 2022

Emirates recycles materials equivalent to fully loaded A380 in 2022

The carrier recycled more than 500,000 kilograms of plastic and glass last year

Air Arabia Abu Dhabi

Air Arabia Abu Dhabi to launch direct flights to these Iraqi cities

The carrier currently serves a total of 31 destinations from Abu Dhabi International Airport

Ooredoo

Qatar’s Ooredoo plans to carve out telecom tower unit this year

The firm received interest from over 50 regional and international bidders and is currently in the final round of talks

Saudi

Saudi oil revenue drop rounds off year of $326bn windfall

The kingdom wants to use its energy windfall to accelerate projects that contribute to weaning it off a reliance on oil

Empower

Empower to invest Dhs450m to serve over 43 buildings in DMC

The company will provide its services with a cooling capacity of 63,000 refrigeration tonnes

Deals worth $3.44bn inked on first two days of IDEX and NAVDEX 2023

Deals worth $3.44bn inked on first two days of IDEX and NAVDEX 2023

A total of 12 deals were signed with local and international companies on the second day of the exhibitions

DP World

DP World inks cooperation pact to spur Greater Caspian Region-Africa trade

The partnership will provide cargo owners with easy booking and shipment tracking via DP World’s SeaRates platform

Museum of the future turns one

Dubai’s Museum of the Future turns one, here are its key milestones

The Museum of the Future has welcomed more than a million visitors since it opened last February

Emirates Palace

Abu Dhabi’s Emirates Palace Hotel gets a new name

The beachfront property has been officially rebranded, and includes the region’s first vegan rooms

Dubai's DXB beats forecasts, welcomes over 66m passengers in 2022

DXB receives over 66 million passengers in 2022

December was the busiest month of the year, with 7.1 million passengers

UAE signs $1.22bn in deals on day one of IDEX and NAVDEX 2023

Deals worth $1.22bn signed on day one of IDEX and NAVDEX 2023

A total of 11 deals with signed, of which six contracts were awarded to local companies

Dubai’s DIFC registers highest revenue in history

Dubai’s DIFC registers highest ever revenue in 2022

The financial centre registered the highest number of new firms – totalling 1,084 – last year

Bank of America

Qatari bidder for Manchester United advised by Bank of America

Sheikh Jassim, chairman of Qatar Islamic Bank and a former board member of Credit Suisse Group AG, confirmed his bid

Ministry of Defence

UAE’s Ministry of Defence ends rescue and search activities in Turkey

During the operation, the team managed to rescue 10 people and recover 26 bodies

Dubai's Emirates to invest $135m in new pilot training facility

Dubai’s Emirates to invest $135m in new pilot training facility

The new facility will be ready in 2024, and will have the potential to expand the airline’s pilot training capacity by 54 per cent annually

DFM and DWTC to host IPO summit in Dubai

Gulfood 2023: Over 5,000 exhibitors to participate this year

The 28th edition of the exhibition is being held at the Dubai World Trade Centre

Almarai

Saudi’s Almarai completes acquisition of International Dairy and Juice for $68m

The purchase was funded from Almarai’s internal cash flows

Dubai Can Photo courtesy Dubai DET Twitter

Dubai Can reduces use of over 7 million SUP bottles

Dubai Can has installed water fountains in strategic places across the city, including public parks, beaches, and tourist destinations, to help people refill bottles

Sheikh Hamdan approves new model for government excellence

Sheikh Hamdan approves new model for government excellence

The new government excellence model aligns with recent developments in government work mechanisms, including the ‘Services 360’ policy and the Dubai Future Readiness Index

Edge Group acquires Gradeone

Abu Dhabi-based Edge Group acquires 70% stake in Gradeone

Gradeone, which has partnerships within the defence, rescue, and security sectors, will join Edge’s Trading and Mission Support cluster

Power Letters 2023: Mohammed Qasim Al Ali, group chief executive officer, National Bonds

Power Letters 2023: Mohammed Qasim Al Ali, group chief executive officer, National Bonds

At the very core, we believe economic and social stability stems from a financially secure population

AstraZeneca to construct sustainable offices at Dubai Science Park

AstraZeneca to construct sustainable offices at Dubai Science Park

The move is part of the biopharmaceutical giant’s global green agenda

ADNOC Gas

ADNOC Gas announces intent to list 4% stake on ADX

More than three billion shares will be offered in the IPO

China grants Saudi Arabia Approved Destination Status

Saudi launches company to develop world’s largest downtown in Riyadh

The new Murabba project will feature a museum, a technology and design university, a multipurpose immersive theater, and more than 80 entertainment and culture venues