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Dubai Electricity and Water Authority

Dubai Electricity & Water Authority to sell 6.5% stake in IPO

The offer price range will be announced on March 24 with an expected trading debut on April 13

Ain Dubai closes temporarily with immediate effect

The attraction will reopen on the Eid Al Fitr holiday weekend

Strong growth within Dubai’s luxury property segment

Despite the impact of the pandemic, luxury homes in Dubai remain in high demand

Dubai’s DEWA completes construction of first stage of world’s largest aquifer storage and recovery project

The project will be capable of storing up to 6,000 million imperial gallons of water once completed by 2025

Innovative products and trends governed Gulfood 2022

Zero waste, food security, homegrown brands, organic and plant-based food products and innovation in agriculture were key highlights of this year’s F&B event

Dubai’s Tecom courts investors after lining up banks for IPO

A listing could come as soon as the middle of this year

Year in review – 2021: Dubai’s real estate on the crest of a wave

Dubai’s real estate market emerged as one of the top-performing sectors in 2021. This year also started off on a great note, but will the upward trend persist? Lynnette Sacchetto, director of Research and Data at Property Finder, shares the market outlook

Dubai Chamber of Commerce

Over 27,800 companies joined Dubai Chamber of Commerce in 2021

There are now more than 287,000 member companies of the organisation

Dubai’s Emirates, Garuda Indonesia launch codeshare partnership

Emirates customers will have access to seven domestic points in Indonesia beyond Jakarta and Bali

In pics: Sheikh Hamdan opens Meta’s new regional headquarters in Dubai

The new base will serve the Middle East and North Africa region

Dubai tech unicorn Zeta and Mastercard announce partnership

The partnership aims to maximise the safety, security and convenience of e-commerce, online banking and contactless transactions

UAE’s flydubai registers Dhs841m profit in 2021

The low cost carrier’s total annual revenue earning in 2021 was Dhs5.3bn compared to Dhs2.8bn in 2020, reflecting an increase of 86 per cent

Colombo sri lanka

UAE’s Emirates signs MoU with Sri Lanka Tourism

Since Sri Lanka re-opened to international tourists in February 2021, Emirates has carried more than 80,000 passengers to Colombo

Sophia

Sophia, the first intelligent humanoid robot, to debut in Dubai

Saudi Arabia granted her citizenship in October 2017

Careem Bike

RTA and Careem launch Phase II of bike rental service in Dubai

There have been 950 pedal-assisted e-bikes added to the pool, taking the total number of these bikes available in the emirate up to 1,750

gold

UAE’s DGCX trades total value of $13.68bn contracts in February 2022

Dubai Gold & Commodities Exchange’s Gold Futures Contract recorded a year-on-year average daily volume growth of 734 per cent

Dubai Municipality awards major service contract to Imdaad

Imdaad will provide waste management, recycling and infrastructure cleaning services across Dubai, as part of the three-year contract

Nasdaq Dubai

Jordan’s Capital Bank lists $100m bond on Nasdaq Dubai

The bond is the first issuance of its kind for a Jordanian bank on the exchange

No masks required outdoors at schools, universities in Dubai – KHDA

Protocols such as physical distancing as well as wearing masks indoors are still in place

NAsdaq New York

Dubai’s Shuaa Capital lists $100m SPAC on Nasdaq New York

It has priced its initial public offering of 10,000,000 units of Shuaa Partners Acquisition Corp I at $10 per unit

Private schools in Dubai will not increase tuition fee for 2022-23 academic year

The Education Cost Index for this year stands at -1.01 per cent

Dubai’s Emirates opens new check-in facility in Ajman

The new facility will help shrink customer queues from Ajman and the Northern Emirates

New artificial intelligence and coding licence launched in Dubai

The licence offered by Dubai International Financial Centre can also serve as a gateway to obtaining UAE Golden Visas

Carrefour BIO

Carrefour launches its first Bio store in Dubai

Located in City Centre Me’aisem, it features the retailer’s first-ever café and an in-store hydroponic farm

Sheikh Mohammed inaugurates The Digital School at Expo 2020 Dubai

Over 20,000 students will be registered in the first year, with the goal of increasing the number of students to one million in the next five years

Dubai road-toll operator Salik to seek about $1bn in IPO

Salik road-toll system lines up BofA, Emirates NBD, Goldman for Dubai IPO

It wasn’t clear yet what valuation Salik will seek

Dubai Real estate

Dubai releases first-ever official residential rental performance index

The Dubai Land Department coordinated with Property Finder to launch the inaugural edition of the index

Saudi’s Dar Al Arkan unveils Dhs1bn W Residences Dubai – Downtown

The tower consists of 384 exclusive, high-end residences, which will be managed by Marriott International

Emirates

Emirates to operate five additional flights between Dubai and Kuwait

The airline will operate the extra flights ahead of Kuwait National Day holidays

Dubai’s Emirates signs agreement with Tourism Authority of Thailand

The carrier will develop initiatives to boost tourism to the kingdom by showcasing it to customers across its network