Etihad Airways becomes first airline to participate in World Energy’s net-zero program

Etihad Airways becomes first airline to participate in World Energy’s net-zero program

The announcement comes on the heels of the two companies powering the first net-zero flight using Sustainable Aviation Fuel (SAF) via a Book & Claim system

Dubai sets out roadmap to make public transport emission-free by 2050

The roadmap for achieving zero-emission public transport is based on initiatives related to infrastructure, the circular economy and green mobility

GCC retail sector will see 15.7% YoY growth, according to Alpen Capital

GCC retail sector will see 15.7% YoY growth, according to Alpen Capital

The industry is expected to further grow at a compounded annual growth rate (CAGR) of 5.7 per cent by 2026, says Alpen Capital’s latest retail sector report

SunExpress launches direct flight between Dubai, Izmir

This is the second Turkish route the carrier now operates into Dubai International

Air Arabia

Air Arabia to launch new route to Namangan in Uzbekistan

The thrice-weekly flights will connect Sharjah International Airport with Namangan Airport

Dubai to operate 12,000 taxis, 60 buses, over 1,300 metro trips to facilitate mobility during World Cup

Dubai to operate 12,000 taxis, 60 buses, over 1,300 metro trips to facilitate mobility during World Cup

The transit modes will help transport fans across Dubai as well as those travelling to Qatar to attend the tournament

Aramco says hydrogen talks with Japan, South Korea are advancing

Much of the gas for Aramco’s blue hydrogen will come from Saudi Arabia’s massive Jafurah field

FIFA World Cup: Dubai’s DWC to operate up to 120 shuttle flights between Nov 20 and Dec 19

Dubai Airports has advised passengers flying on match day shuttle flights to check requirements with their respective airlines before arriving to the airport

Qatar Airways starts direct flights to Düsseldorf, Germany

Qatar Airways starts direct flights to Düsseldorf

The airline offers services to Munich, Frankfurt and Berlin, making Düsseldorf its fourth destination in Germany

UAE President meets Saudi Crown Prince on sidelines of G20 summit

The two leaders discussed relations between the UAE and Saudi Arabia

UAE’s Tabreed reports Dhs400m in nine-month net profit

The group revenue increased by 13 per cent to total Dhs1.66bn for the first nine months of the year

Empower

Empower rises in Dubai trading debut after $724m IPO

Empower is Dubai’s fourth privatisation in recent months

Emirates, GDRFA sign biometric data agreement to expedite processing at Dubai airport

The agreement improves passenger traffic procedures for Emirates customers transferring to connecting flights as well as for those arriving in Dubai

UAE and Indonesia to partner on climate action, infrastructure development and AI

The agreements aim to strengthen the economic, environmental and technological cooperation between the two countries

Oman’s sovereign wealth fund boosts assets to $41.5bn

The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent

Number of private schools in Dubai rises to 216

2022-23 academic year: Number of private schools in Dubai rises to 216

More than 326,000 students now attend Dubai’s private schools, representing a total of 187 nationalities

Abu Dhabi

Abu Dhabi expects IPO boom to continue, with 11 deals next year

Listings in the Middle East have seen strong investor interest

Zomato UAE to be shut down, Talabat to take over

Zomato UAE to shut down, customers redirected to Talabat

Zomato’s mail also said that it would launch Zomato’s loyalty programme ‘Zomato Pay’ along with its ‘Vibe Check’ feature on its app

Air Arabia Abu Dhabi to launch direct flights to Tashkent

Air Arabia Abu Dhabi to launch direct flights to Tashkent

The flights will connect Abu Dhabi International Airport to Islam Karimov Tashkent International Airport, starting December 7

PIF partners with Blackrock to explore investments in Saudi Arabia, Middle East

The two entities will collaborate to attract regional and international investors, and boost foreign direct investment into Saudi Arabia

codeshare agreement

Abu Dhabi’s Etihad, Garuda Indonesia expand codeshare agreement

The expansion of the agreement will strengthen both airlines’ networks beyond Abu Dhabi and Jakarta hubs

agreement

Bahrain’s Gulf Air, Tamkeen sign agreement to advance cooperation

The agreement aims to support the training and employment of Bahrainis

Funding for green-hydrogen plant at Saudi Arabia’s Neom almost done

Funding for green-hydrogen plant at Saudi Arabia’s Neom almost done

Construction of the $5bn plant in the north-west of the kingdom has started

KFC

Gulf KFC operator seeks up to $1.8bn from Saudi, UAE IPO

The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6

G20 summit

UAE President arrives in Indonesia to attend G20 summit

The summit will take place in Bali, Indonesia, on November 15-16

Saudi PIF sells 10% stake in Tadawul

Saudi Arabia’s PIF completes sale of part of its stake in Tadawul

The offering size was SAR2.3bn, making it the second largest accelerated bookbuild offering to ever take place in the Saudi market and the GCC region

Saudi Arabia launches three initiatives to boost climate action

Saudi Arabia announces three projects to advance climate action at SGI Forum

The projects were announced by Saudi Arabia’s Minister of Energy during the recent Saudi Green Initiative Forum

Tourism strategy

Sheikh Mohammed launches national tourism strategy to boost competitiveness

The strategy aims to attract new investments worth Dhs100bn to the country’s tourism sector

How mental health at workplaces must be addressed in the new normal

Businesses that aren’t doing enough to re-think their mental well-being strategies, do so at their own peril

SHUAA Capital reports financial results for Q2 2022

Dubai’s Shuaa Capital reports Dhs20m in Q3 net profit

Its cost-to-income ratio stood at 77 per cent in the third quarter of the year, decreasing from 90 in Q2 2022