Dubai records completion of 55 real estate projects worth $3.24bn in 2022

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

A total of 350 real estate projects are currently being developed in the emirate

Power Letters 2023: Nasser Al Awadhi, chief executive officer, ADIB

Power Letters 2023: Nasser Al Awadhi, chief executive officer, Abu Dhabi Islamic Bank

Continuous innovation, segment focus, digital excellence and sustainable future are the core tenets of our 2025 growth strategy

Mubadala kkr tie-up

Davos 2023: Mubadala says Emirates Global Aluminium IPO may happen this year

A listing of the company this year would follow a boom for IPOs in the region that started in 2022 and fetched almost $23bn

Emirates to reintroduce A380 on Dubai-Casablanca route

Emirates to reintroduce A380 on Dubai-Casablanca route

Starting April 15, the airline will replace the Boeing 777-300ER aircraft currently used between Dubai and Casablanca with the A380

Power Letters 2023: Hatem Dowidar, group CEO, e&

We envision e&’s transformation as a long-term journey with accelerated growth, as we progress across all our business verticals

ADNOC begins work on new carbon capture and storage project

Abu Dhabi’s ADNOC begins work on new carbon capture and storage project

Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of carbon dioxide

Mubadala Investment Capital invests in fintech Tabby's Series C round

Mubadala Investment Capital invests in fintech Tabby’s Series C round

The funds will be used to expand Tabby’s product line and support the company’s growing operations

e& enterprise

UAE’s etisalat by e& named strongest Middle Eastern brand

Tech giant Amazon regained top spot from Apple to become the world’s most valuable brand

Zambia

Zambia signs $2bn solar power development pact with UAE

Construction will be done in phases, starting with the installation of 500 megawatts

Jadwa divests stake in Luberef

Davos 2023: Saudi Arabia open to talks on trade in currencies besides dollar

The world’s largest oil exporter is seeking to strengthen its relations with crucial trade partners

Abu Dhabi opens new clinical trials unit to boost medical research

The new unit will conduct research and trials focused on key disease areas

Saudi Crown Prince Mohammed bin Salman, Prime Minister and Chairman of the Events Investment Fund

Saudi Crown Prince launches Events Investment Fund, aims to boost culture, tourism, sports sectors

The fund will conceptualise, finance and oversee development of more than 35 venues by 2030, with the aim of delivering its first asset by 2023

Tier Mobility completes one million rides in Dubai

Tier Mobility completes one million rides in Dubai

A distance of three million kilometres has been covered, empowering riders to replace 515,000 kilometres of car journeys

UAE reduces legal age to run a business

UAE reduces legal age to run a business

The issuance of the new law replaces previous legislation that remained in effect for almost three decades

Saudi Arabia confident about attracting FDI

Saudi Arabia confident about attracting more foreign investors, says minister

The Saudi government has made more than 700 regulatory changes as it seeks to attract investors

Emirates to resume non-stop Dubai-Hong Kong service from March

Emirates to resume non-stop Dubai-Hong Kong service from March

The new service will increase the airline’s operations in the Asian market to 14 weekly flights

Mashreq acquires digital banking license to commence operations in Pakistan

Mashreq acquires digital banking licence to commence operations in Pakistan

The lender aims to invest in the country’s rural infrastructure, including microfinance institutions

Power Letters 2023: Saif Humaid Al Falasi, group CEO, ENOC

Power Letters 2023: Saif Humaid Al Falasi, group CEO, ENOC

Looking ahead, our efforts and investments across the upstream, midstream and downstream segments of the business will continue to drive our strategy in 2023 and beyond

UAE President, Korea’s Yoon Suk Yeol visit Barakah Nuclear Energy Plant

The two leaders witnessed ongoing operations of Units 1 and 2, the completion of Unit 3, and the progress made on the fourth unit

Etihad Airways announces new routes to two European destinations

Etihad Airways announces new routes to two European destinations

The flights will be operated using the Boeing 787 Dreamliner aircraft

Saudi inflation

Saudi inflation hits 3.3% in December, highest in 18 months

Prices for housing, water, electricity, gas and other fuels in the kingdom rose an annual 5.8 per cent, while food and beverages were up 4.2 per cent

Qatar's QNB reports 9% rise in net profit to hit $3.9bn

2022: Qatar’s QNB reports 9% rise in net profit to hit $3.9bn

The lender’s operating income increased 24 per cent to reach $9.6bn

World Future Energy Summit is hosted by Masdar and is part of Abu Dhabi Sustainability Week

Abu Dhabi Sustainability Week 2023: World Future Energy Summit opens on Jan 16

A summit highlight is the new one-day ENOWA ENACT conference on January 17 from the energy, water, and hydrogen subsidiary of NEOM

Emirates to resume passenger services to Shanghai, Beijing

Dubai’s Emirates to resume passenger services to Shanghai, Beijing

The carrier’s four weekly flights to Guangzhou will also increase to a daily service from February 1

UAE President receives Azerbaijan's head of state

UAE President receives Azerbaijan’s head of state

The president of Azerbaijan, Ilham Aliyev, is paying a working visit to the UAE

UAE-South Korea MoU and agreements signed photo courtesy WAM

UAE, Korea to advance strategic partnership, sign MoUs related to space, clean energy, defence sectors

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea, witnessed the signing of the MoUs and agreements

Dubai Municipality launches digital platform courtesy Dubai Media Office

Dubai Municipality’s new digital platform showcases eight natural reserves

The platform aims to encourage eco-friendly, sustainable tourism in Dubai’s natural reserve zones, offering information and services linked to the reserves on one platform

UAE and South Korea's Presidents_photo wam

UAE President receives South Korea’s head of state

President Yoon Suk Yeol, who is accompanied by First Lady Kim Keon-hee, is in the UAE on a state visit

Saudi Arabia's PIF and Maaden sign JV

Saudi Arabia’s Public Investment Fund and Ma’aden to set up JV

The joint-venture company aims to initially invest in iron ore, copper, nickel, and lithium as a non-operating partner taking minority equity positions