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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

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

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

ADNOC Distribution

ADNOC Distribution reports 39% rise in nine-month net profit

The company’s non-fuel transactions increased by 18 per cent during the period

Harry Potter themed land

Abu Dhabi to welcome Harry Potter themed land

The themed land will be part of the indoor theme park, Warner Bros. World Abu Dhabi

Masdar

UAE’s biggest clean-energy firm to look at deals in US, Europe

Abu Dhabi-based Masdar is leading a consortium that will build a 10-gigawatt wind plant in Egypt

DEWA

Dubai’s DEWA reports 21% rise in net profit for Jan-Sep 2022

By the end of the third quarter, DEWA served 1,143,153 customers, representing a 4.89 per cent year-on-year increase

Salik Q3 2022 earnings

Dubai’s Salik reports net profit of Dhs242m for Q3 2022

Salik’s Q3 revenue increased 9.1 per cent YoY to Dhs445m, with travel activity fast approaching pre-Covid levels

DP World partners with Emirates Development Bank to finance SME growth

DP World partners with Emirates Development Bank to finance SME growth

It includes a formal framework for both entities to provide SMEs with access to trade financing

ENOC and IHI sign MoU to explore green ammonia production

With an aim to establish a first-of-its-kind manufacturing unit in Dubai, the agreement is part of the emirate’s strategy to become a sustainable global hub for green economy

Taaleem IPO

UAE’s Taaleem sets offer price range, looks to raise $204m from IPO

The subscription period starts today, with trading of shares expected to commence on November 29

FY 2022-23: Dubai's Emirates records $1.2bn in half-year net profit

FY 2022-23: Dubai’s Emirates records $1.2bn in half-year net profit

The group’s revenue stood at $15.3bn for the first six months of 2022-23, up 128 per cent from $6.7bn last year

empower Dubai

Empower IPO raises over Dhs2.6bn

Upon listing, Empower will become the world’s largest district cooling services provider on a stock exchange

Emirates and Gulf Air launch codeshare partnership

Emirates and Gulf Air launch codeshare partnership

Emirates currently has codeshare cooperation agreements with 26 airline partners and two rail companies around the world

All parking tickets in Dubai are now electronic

All parking tickets in Dubai are now electronic

RTA has fitted the parking machines with touch screens, which enables the entry of vehicle details

Agthia

UAE’s Agthia Group reports 14% rise in net profit for Q3 2022

The group’s total assets stood at Dhs6.6bn as of September 30, 2022

Talabat launches first quick-commerce-as-a-service (Q-CAAS) store

Talabat launches first quick-commerce-as-a-service (Q-CAAS) store

This came after a six-month trial was successfully completed in partnership with Aswaaq retail

Nakheel

Dubai’s Nakheel secures financing worth $4.6bn to drive growth

The funding will be deployed to develop Dubai Islands and other waterfront projects

Dubai's Emirates purchases 5 Boeing 777 freighters

Dubai’s Emirates buys 5 Boeing 777 freighters

The agreement, worth over $ 1.7bn at list prices, takes the airline’s order book to 200 wide-body aircraft

COP27: “We meet at a critical time for our planet and our future generations,” says UAE President

Sheikh Mohamed bin Zayed Al Nahyan emphasised the importance of international cooperation to tackle climate change for the sake of future generations

flydubai

Flydubai to add six destinations to network

The new routes will see the airline’s network expand to 113 destinations in 53 countries

Air Arabia Egypt launches service to Marseille

Air Arabia Egypt to launch new service between Cairo and Marseille

The service will commence from December 16

Direct device to satellite Ali Al Hashemi is the CEO of UAE’s satellite solutions provider, Yahsat Group

How direct satellite-to-device connectivity can transform the satcom sector

Direct satellite-to-device technology opens the door for satellite services to go mainstream and leverage mass-market equipment production

UAE President to attend COP27 in Egypt

The conference will welcome world leaders, heads of government, and representatives of international bodies and civil societies

Covid-19

UAE lifts almost all Covid-19 restrictions

The changes will come into effect at 6am on Monday, November 7

Dubai’s Emirates resumes flights to Rio de Janeiro, Buenos Aires

The four-times weekly flights from Dubai to Rio de Janeiro with onward service to Buenos Aires will operate as EK247/EK248

126-activities-added-to-Tajer-Abu-Dhabi

Abu Dhabi’s Fertiglobe reports 84% rise in adjusted net profit for Q3 2022

The company’s Q3 2022 revenues increased 52 per cent year-on-year to total $1.32bn