over 2 million rider used public transport during NYE

New Year’s Eve: 2.1 million riders used public, shared transport, reveals Dubai’s RTA

The figure reflects a 33 per cent rise from last year’s number, which was 1,632,552 riders

NWTN facility at KEZAD

Dubai-based mobility tech company NWTN delivers first batch of EVs

The KEZAD assembly facility is NWTN’s first facility in the UAE

EHS

Emirates Health Services to use metaverse technology to deliver healthcare services

The new initiative aims to promote telemedicine practices in virtual clinics and provide consultation services and medications through robotic pharmacies

Right Farm X Waste lab (1)

UAE-based Right Farm, The Waste Lab partner to support sustainability

Right Farm and The Waste Lab will collaboratively work towards minimising and repurposing food wastage

UAE fuel prices

UAE announces petrol, diesel prices for January 2023

Super 98 petrol will cost Dh2.78 a litre, a further decrease from December’s price of Dhs3.30 per litre

Franklin templeton

Inflation and recession remain focal points for global market: Franklin Templeton

The investment firm’s 2023 Global Investment Outlook offers insights on the opportunities and challenges for investors in the year ahead 

Regulation is everything - online broker

Five things to know when choosing an online broker

Apart from getting a good broker, keeping track of market research, news and alerts can help you identify new trading opportunities and understand the market

Ben Crompton is the managing partner of Crompton Partners

The outlook for Abu Dhabi’s real estate sector in 2023

Abu Dhabi can expect to see modest single-digit growth in property valuations and rents across most sectors

Al Habtoor Group

Al Habtoor Group unveils new mega residential projects valued at Dhs9.5bn

According to the company, the new projects include residential towers, and one of them will be the largest in the world in terms of size and number of apartments

driven properties

Dubai real estate: A positive outlook for 2023

We believe that the Dubai property market will continue to see exceptional demand in the new year, and that 2023 will be another record year for the market

omniyat launces Orla

OMNIYAT redefines luxury with ORLA, Dorchester Collection

Designed by Foster+Partners and managed by hospitality brand Dorchester Collection, Orla offers a bespoke lifestyle steeped in sumptuous style

Pele dies at 82

Soccer legend Pele dies at 82

Pele, who was undergoing treatment for cancer since 2021, died at a hospital in Sao Paulo

ENOC Group opens two new service stations

ENOC opens two new service stations in Dubai, continues retail expansion

Over the course of the year, ENOC has opened six new service stations across Dubai, including locations such as DAFZA, Dubai South and Dubai International City

Courtesy Arab Monetary Fund

Arab Gulf Programme for Development, AMF partner to boost sustainable development goals

The two organisations will coordinate efforts to deal with issues related to the development of the financial and microfinance sectors

Dubai Chamber of Commerce

Dubai Chamber of Commerce launches Cloud Computing Business Group

The group will enable transparent conversations between members, supporting the sector in advocating beneficial policy changes that will in turn enhance its competitiveness

Abu Dhabi Islamic Bank launches tokenised, contactless payment method

Abu Dhabi Islamic Bank launches tokenised, contactless payment method

Once provisioned, customers can make quick and easy payments with the tap of their wristwatch and instantly view their transaction history in the app

Shunli Wang

Insights: Why public-private partnerships are key to ICT talent cultivation in the Middle East

In the digital economy landscape, ICT skills are vital to support long-term national economic expansion and diversification plans

RTA announces schedule of services for New Year’s Eve, here’s what you need to know

The revised timings apply to technical testing centres, paid parking zones, public buses, Dubai Metro, Dubai Tram, marine transit means, among others

Flydubai to resume flight to Ashgabat

UAE’s flydubai to resume services to Ashgabat, Turkmenistan

From January onwards, the airline will also commence flights to seven new destinations including Cagliari, Corfu, Gan and Krabi

oil price

Oil extends drop in thin trading as fears over Covid wave mount

Crude is heading for the first back-to-back quarterly loss since 2019 after a volatile year

AD Ports Group inks deals with Kazakh National Oil Company subsidiary

AD Ports Group inks deals with Kazakh National Oil Company subsidiary

The new joint venture will provide offshore services as well as crude transportation for energy companies operating in the Caspian Sea and the Black Sea

etihad airways adds flights to shanghai as travel demand to and from china grows

UAE’s Etihad Airways to increase flights to Shanghai from February 2023

Eihad Airways has add a second weekly passenger service to Shanghai following the further relaxation of Covid-related travel measures

Saudi Aramco refiner drops in debut after $1.3bn IPO

Saudi Aramco refiner drops in debut after $1.3bn IPO

Luberef, as the refiner is known, dropped as much as 6.6 per cent in Riyadh to SAR92.5  ($24.61), valuing the company at SAR15.9bn

Al Etihad Credit Bureau strengthens credit registry in collaboration with UAE Ministry of Justic

Al Etihad Credit Bureau strengthens credit registry in collaboration with UAE Ministry of Justice

AECB provides credit reports by collecting and analysing data on the credit histories of individuals and businesses, including cheque issuances and clearances and utility payments

Jadwa divests stake in Luberef

Saudi Arabia’s Jadwa Investment divests stake in Luberef through IPO on Tadawul

The Luberef IPO marks the firm’s eighth private equity exit, and at SAR5bn the offering brings Jadwa’s aggregate private equity distributions to clients to SAR11bn

Sony

Interview: Jobin Joejoe, deputy managing director at Sony Middle East and Africa

Sony is focused on creating a metaverse around entertainment specifically areas such as games, music and sports, says the deputy MD at Sony MEA

musafir travel trends 2023 -e1607842665376

International travel to see steeper growth in 2023, predicts Musafir.com

The average annual business travel spend of SMEs in the UAE is expected to grow by 15-20 per cent in 2023

ACWA Power signs PPAs and IAs with Uzbekistan photo courtesy Twitter ACWA Power

Saudi Arabia’s ACWA Power to develop 1.5GW wind plant in Uzbekistan

The project, expected to be valued at $2.4bn, will offset 2.4 million tonnes of carbon emissions per year and power 1.65 million households

Hasan Jasem Al Nowais, Chief Executive Officer of Mubadala Health

Mubadala Health, ADPF to launch personal health programme for pensioners

The programme will provide all ADPF-registered pensioners with comprehensive annual check-ups at Mubadala Health’s healthcare facilities

DXB T3

Holiday travel: Nearly two million passengers expected to pass through Dubai International

Average daily traffic at DXB is expected to reach 245,000 passengers during the holiday season