Abu Dhabi’s Mubadala invests in Australia’s largest urea plant

Abu Dhabi’s Mubadala invests in Australia’s largest urea project

The transaction represents the largest investment ever made in the Australian fertiliser industry

Biggest water park in the Middle East to open in Qiddiya next year

Aquarabia, in Qiddiya City, will feature 22 rides and the developers aim to break four world-records, including constructing the world’s tallest water coaster

Aramco keeps $31.1bn payout despite lower Q1 net income

Saudi Aramco maintains dividend despite lower net income in Q1

The oil major reported a 14 per cent decline in first-quarter net income to $27.3bn in the three months to March 31

Etihad Airways plans to double passengers, fleet size by 2030

Etihad CEO considers buying small number of Airbus, Boeing jets

CEO Antonoaldo Neves said Etihad was in talks with lessors and the planemakers in attempt to secure additional jets

flynas boosts UAE network, with flights to 3 more destinations

flynas boosts UAE network, with flights to 3 more destinations

The expansion increases the number of routes between Saudi Arabia and the UAE to nine, and daily flight frequencies to more than 20

Red Sea - MAERSK

Shipping giant Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%

Maersk’s fuel costs on the affected routes between Asia and Europe are now 40 per cent higher per journey

Abu Dhabi's IHC Q1 net profit hits Dhs8bn Image-courtesy-WAM

IHC sees Q1 profit rise 87.6%, announces share buyback programme

The holding company reported a year-on-year revenue hike of 22.5 per cent in Q1 2024, reaching a record Dhs19.3bn

Abu Dhabi sees non-oil foreign trade growth of 8% in 2023

Abu Dhabi unveils carbon calculator for hotels

Launched at Arabian Travel Market, the Carbon Calculator is a mandatory tool for all hotels within the emirate to track and quantify carbon emissions

cyber incidents are a rising concern for travel, leisure and hospitality industry reveals Allianz GettyImages-1269232851

Cyber incidents pose key threat for travel, hospitality sectors, shows survey

The findings of the Allianz Risk Barometer are based on insights from 3,000 risk management professionals and leaders

Trending destinations for Middle East travellers in 2024; see list

Saudi Arabia, Egypt, India and UAE remain the top travel destinations in 2024, revealed Wego, the online travel marketplace and travel app

UAE-NZ-CEPA TRADE TALKS-WAM

CEPA: UAE, New Zealand launch talks for a free trade deal

The UAE is New Zealand’s largest trade partner in the Middle East

FLYDUBAI

flydubai pax numbers rise in Q1 2024, fleet retrofit in progress

The airline carried close to five million passengers between January and April, a 13 per cent increase compared to the same period last year

Lucid Group secures $1bn from Saudi PIF affiliate

EV maker Lucid reports quarterly revenue above estimates as price cuts boost sales

The company said it expects capital expenditure of $1.5bn this year, compared with $910.6m in 2023

UAE - GCC visa free travel

ATM 2024: UAE reveals details of GCC’s Schengen-styled ‘Grand Tours’ visa

The GCC Grand Tours visa will allow tourists to spend more than 30 days in the region

Dubai says Q1 international visitors up 11% this year

Dubai says Q1 international visitors up 11% this year

The city reported 5.18 million international overnight visitors in Q1 2024

MIRA Developments partners with ELIE SAAB

MIRA Developments and ELIE SAAB announce partnership for 3 exclusive real estate projects in the North Caucasus

ELIE SAAB Residences Caucasus will seamlessly integrate three distinct locations across the North Caucasus region into a singular, unparalleled venture

New photos of UAE’s gaming destination: Wynn Al Marjan Island

Wynn Al Marjan is anticipated to be the first integrated gaming resort in the Middle East and North Africa region

EMIRATES-a350-aerial-atm2024

Mega upgrade: Emirates announces 9 destinations for new A350 aircraft

From Edinburgh in the UK to Ahmedabad in India, Emirates will be introducing its new A350 across a host of routes

supercar blondie

Shifting gears: Supercar Blondie on life as an entrepreneur

In an interview with Gulf Business, Alex Hirschi shares her journey from influencer to entrepreneur and co-founder of SBX cars, a new luxury car auction platform

Mastercard

How Mastercard is driving financial inclusion in the Middle East

Mastercard’s chief operating officer for EEMEA region Khalid Elgibali tells us about how his company is innovating when it comes to cross-border and digital payments

NEOM, Saudi Red Sea Authority sign marine tourism MoU

NEOM, Saudi Red Sea Authority to formulate marine tourism regulations

The partnership seeks to implement and activate joint initiatives to advance research, deliver innovation and enhance the visitor experience

LOGICONNECT - women in tech platform

Advancing the cause of women in tech

A tech company takes the initiative to drive gender diversity in the industry

Tax strategies to help expand your business globally GettyImages-918061226

UAE corporate tax: Deadline alert

New corporate tax deadlines for businesses to start in May. Here’s what you need to know

Saudi Arabia’s Rasan to divest 30% stake via IPO

Saudi Arabia’s Rasan to lists 30% stake on local bourse

The fintech firm is offering 5.3 million new shares and 17.4 million existing shares to investors – equivalent to 30 per cent of the company’s paid-up capital

ATM events

May events at DWTC: Arabian Travel Market, AWS MENA Summit, CABSAT Middle East and more

The May lineup brings will enable businesses to engage and network in the heart of Dubai

Saudi Arabia posts SAR12.4bn deficit Q1 2024

Saudi Arabia posts budget deficit of SAR12.4bn in Q1 2024

Oil revenues reached SAR181.9bn, while total revenues were SAR293.4bn as non-oil revenues edged higher, although oil still dominates

Egypt-GettyImages-520265584-e1703142282632

Egypt braces for second summer of power cuts as gas supplies dwindle

Power cuts are hurting Egypt’s small businesses that play a crucial role in an economy where growth has slowed

Oil hovers near 3-week high on Middle East tensions

Oil nudges higher after Saudi Arabia hikes prices

Saudi Arabia raised the official selling prices (OSPs) for its crude sold to Asia, Northwest Europe and the Mediterranean in June

Manel Sort, Co-Founder, games for a living, on how AI and blockchain are bridging the gap between web2 and web3 gaming

How blockchain, AI are bridging Web2-Web3 gaming in the region

With the traditional Web2 GaaS model witnessing decreasing margins, blockchain technology will enable gaming studios to create new, more profitable business models in video games

Sha Emirates Island

Sha Emirates: Abu Dhabi’s island community dedicated to wellbeing

SHA Emirates will feature an international wellness clinic and residences that reflect a transformative approach to healthy living