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Dubai Sustainable Tourism Stamp 2023

Dubai Sustainable Tourism Stamp to recognise eco-friendly hotels in the emirate

The Dubai Sustainable Tourism Stamp by DET to showcase the hotel’s adherence to sustainable practices and environmental stewardship

Ellington Properties and Dutco to develop several residential projects in Dubai Image DUTCO Ellington Properties

Dutco, Ellington Properties to develop high-end residential projects in Dubai

The first phase of the collaboration will see the launch of two new waterfront projects in Dubai

Aldar hikes retail portfolio investment to $272m

Aldar increases investment in retail portfolio to $272m

The investment follows the completion of Yas Mall’s Dhs500m redevelopment plan

Man tests positive for MERS virus in UAE,

Man tests positive for MERS virus in UAE, WHO confirms

Abu Dhabi has increased monitoring for the virus to try to identify potential cases and raise awareness by hosting workshops

Sheikh Hamdan amends resolution related to railways in Dubai Image Dubai Media Office Twitter

Sheikh Hamdan amends regulations governing railways in Dubai

The new resolution details RTA’s functions including the planning, design and development of the public railway network in the emirate

Image: Twitter / Etihad Airways

Etihad Airways among most punctual airlines in Middle East for H1 2023

Four million passengers will fly with Etihad over the summer months via its home base in Abu Dhabi

Rixos Dubai Islands Hotel & Residences Image Nakheel Rixos

Nakheel launches Rixos Hotel & Residences on Dubai Islands

Along with the Rixos property, Dubai Islands will be home to more than 80 resorts and hotels

Saudi Arabia allots $100m for Sudan humanitarian crisis

Saudi Arabia pledges $100m for Sudan humanitarian crisis

Prince Abdulaziz bin Saud said the kingdom is actively working to lessen suffering in areas affected by crises, conflicts and disasters

UAE corporate tax

UAE public holidays: When is the next long weekend in 2023?

The UAE Cabinet has granted the public and private sector equal official holidays in order to streamline work

Dubai Chamber expands global reach with Vietnam office

Dubai Chamber expands global footprint with Vietnam office

The office will support and guide Dubai-based companies seeking to expand into Vietnam throughout every stage of their international expansion

DIFC Courts sets new record with AED 15 billion in claims in H1 2023 Image: DIFC Courts

DIFC Courts reports Dhs15bn in claims value in H1 2023

There was an increase in the total number of cases across all divisions, with 455 cases filed

DEWA joins CharIN to advance green mobility

DEWA bolsters commitment to green mobility by joining CharIN

The membership allows DEWA to actively participate in establishing industry standards for electric vehicle charging systems

Here's how many transactions Dubai Customs processed in H1 2023

Dubai Customs reports H1 highlights, processes 14 million transactions

Dubai Customs reported a 10 per cent surge from the 12.7 million transactions registered in the same period last year

GMG opens first Monoprix Maison outlet outside France Image GMG

UAE’s GMG opens first Monoprix Maison outlet outside France

The new outlet is located at Springs Souk Mall by EMAAR in Barsha Heights, Dubai

UAE to support countries affected by immigration with $100m

UAE allots $100m to support countries affected by ‘irregular migration’

President Sheikh Mohamed bin Zayed said that ‘irregular migration’ stands as one of the most critical challenges facing the world today

millet

This humble grain is showing up on Michelin-starred menus

Consumer goods companies are betting on increasing demand with innovative, millet-based snacks

UAE chases 7% growth to double economy to over $800bn

UAE chases 7% growth to double economy to over $800bn

The Gulf country is seeking bilateral trade deals and partnerships to ensure its economy is sufficiently diversified away from oil-dependent growth

Image: Twitter/ G-20 India

G-20 energy ministers meet as extreme heat puts focus on energy transition

The G-20 energy ministers’ meet in Goa is intended to lay the ground for a leaders’ summit in September and offer an opportunity to reinvigorate sluggish energy diplomacy

FAB’s quarterly profit up 61% on higher rates

FAB’s quarterly profit up 61% on higher rates

The banking group’s operating income reached Dhs6.8bn in Q2 2023, a 37 per cent YoY increase from the same period a year earlier

ADCB

ADCB’s Q2 2023 net profit jumps 23% to Dhs1.93bn

The bank said its strong performance was driven by broad-based income growth and improved efficiency metrics

OYO to add 2000 apartments in Abu Dhabi

Hospitality tech firm OYO adds 2000 apartments in Abu Dhabi

The ready-to-move-in accommodations provide fully managed long-term housing rental spaces for professionals

Ethmar Holding

EIH Ethmar Group acquires stake in Nirvana Holding

EIH Ethmar’s strategic partnership with Nirvana to take forward a range of projects in the tourism sector, contributing to the growth of UAE’s economy

Bangladesh PM with Dr Sultan Al Jaber

Dr Sultan al Jaber, Bangladesh PM Sheikh Hasina call for climate action to focus on world’s most vulnerable

Bangladesh’s PM Sheikh Hasina agreed to champion the food agenda at COP28 while underscoring the need for food systems transformation for sustainable development

Lombard Odier

Crypto Oasis Ventures, DIFC to collaborate on accelerator programmes

The partnership is expected to bring immense value to startups participating in DIFC Innovation Hub’s various accelerator programmes this year

G42 signs AI supercomputer deal with Cerebras Systems

UAE’s G42, Cerebras unveil world’s largest AI supercomputer

The two entities plan to deploy two more AI supercomputers, CG-2 and CG-3, in the US in early 2024

HSBC acts as custodian for debut DFM SLB transaction

HSBC acts as custodian for debut DFM securities lending transaction

The execution of the first international securities lending and borrowing transaction is the latest step in the continued evolution of Dubai’s capital markets

Staybridge Suites Dubai Business Bay (Image: Supplied by IHG Hotels and Resorts)

IHG to open dual-brand property in Dubai

A 275-key Holiday Inn and residential-style Staybridge Suites hotel in Business Bay will both be operational later this year

Abu-Dhabi based Multiply Group invest in EIG GettyImages-1331237787

Air France to commence daily direct flights to Abu Dhabi from Paris

It will begin operations on the route from October 29, 2023

UAE and Turkey sign deals worth $50bn Image courtesy WAM

UAE, Turkey sign accord, strategic agreements valued at $50.7bn

The countries signed a joint accord to establish a high-level strategic council, further cementing ties between the UAE and Turkey

Fluent Finance opens Abu Dhabi office

Fluent Finance opens Abu Dhabi office to advance trade finance

The blockchain firm said its new UAE entity will focus on deposit token infrastructure to promote cost-effective and borderless trade finance