Emirates NBD to offer fractional bonds for individual investors -GettyImages-630846210

Dubai’s Emirates NBD third quarter profit rises 38%

Profit for the quarter was Dhs5.2bn, roughly in line with analysts’ median estimate of Dhs5.18bn

economy

Global business cycle transition and its impact on global economy

The US and China showed signs of growing somewhat faster in the third quarter after a pronounced slowdown in the first half of 2023

Abu Dhabi International Airport sees 29.3% rise in Q3 passenger traffic Image Terminal A Abu Dhabi Airports

Abu Dhabi International Airport sees 29.3% rise in Q3 passenger traffic

The busiest destinations served in Q3 2023 by the airport included London, Mumbai, Kochi, Cairo and Doha

Apple iPhone Tata Wistron deal

Tata to manufacture iPhones in India after completing Wistron purchase deal

Apple has been touting India as its next big growth driver as it looks to move some production away from China

Air Arabia

Air Arabia marks 20 years of pioneering low-cost travel with new livery

The Air Arabia Group has a multi-brand portfolio spanning across aviation, hospitality, tourism and more

commercial bank of dubai

Commercial Bank of Dubai reports record net profit in third quarter results

The Commercial Bank delivered a record net profit of Dhs1.9bn for the first nine months of 2023

Etihad to use its A320 aircraft for flights to Nairobi (Image: Supplied by Etihad)

Etihad to operate direct flights to Nairobi next year

It has scheduled daily services from Abu Dhabi beginning May 1, 2024

Haven by aldar announced in Dubai

Here’s what Haven, Aldar’s first residential community in Dubai, will offer

 Construction of the first phase of Haven by Aldar is due to begin in Q2 2024, with handovers expected in Q3 2027

Masdar signs 1GW Clean Energy Agreement in Azerbaijan following Presidential Inauguration of Garadagh Solar Park, Largest in the Region Image: Supplied/ Masdar

Masdar signs 1GW clean energy agreement in Azerbaijan

This deal followed the inauguration of the region’s largest operational solar plant, the 230MW Garadagh Solar Park in Azerbaijan

Gulf Air to begin flights to China in 2024 (Image: Supplied by Gulf Air)

Gulf Air to begin flights to China in 2024

Bahrain’s national carrier will commence operations to the Asian country in January

Carbon exchange ACX at ADGM goes live Image ADGM

Abu Dhabi: World’s first regulated carbon exchange, clearing house goes live

ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi’s global tech ecosystem

BlackRock

Abu Dhabi Crown Prince and BlackRock CEO discuss investment opportunities

The meeting discussed the array of opportunities available for global investors and international companies within the UAE

Boeing business jets

Boeing posts billion-dollar loss, cuts 737 Max delivery forecast

The company delivered 70 737 aircraft in the third quarter, down 20 per cent

italy LNG supply

Italy’s LNG deal with Qatar shows how hard it is to quit gas

Key to natural gas’ staying power in Italy’s generation mix is the country’s high level of industrial energy demand

S T Dupont and 24 Hours of Le Man Image Supplied

S.T. Dupont, 24 Hours of Le Mans unveil historic collaboration

S.T. Dupont and 24 Hours of Le Mans have designed different ranges of products, and the collection is inspired by the world of cars and racing

Ahmad El Dandachi - microsoft

Interview: Microsoft’s Ahmad El Dandachi showcases the company’s new AI services

The enterprise commercial director of Microsoft UAE shares what the company showcased at GITEX GLOBAL and what the we can expect to see from Microsoft in the coming months

Democrance Expands Presence in Saudi Arabia Image Supplied

Global insurtech firm Democrance expands footprint in Saudi Arabia

Democrance helps insurers increase their digital sales and access new customer segments

automotive

Interview: AutoSmart is digitalising the automotive after-sales industry one car at a time

The automotive after-sales industry is undergoing digitalisation as startups review traditional pain-points to provide state-of-the-art solutions

Etihad signs codeshare with Scandinavian Airlines (Image: Supplied by Etihad)

Etihad signs codeshare with Scandinavian Airlines

Ticket bookings under the new agreement will commence in December for travel starting from January

Investcorp to float IPO on ADX Image: WAM

Investcorp Capital IPO: Firm announces intention to list and trade shares on ADX

The subscription will be open from November 2 to November 9

UAE CANADA FM MEET

UAE-Canada talks: Foreign ministers meet in Abu Dhabi

The two sides also discussed the latest developments in the Middle East region and ways to protect all civilians from the repercussions of the current crisis

four seasons red sea resort jv

Four Seasons Resort: Red Sea Global, Kingdom Holding sign SAR2bn joint venture

This collaboration between RSG and KHC coincides with substantial growth in the Kingdom’s tourism sector

crude oil

Russia strikes deal with Dubai’s DP World to develop Arctic sea route

The route is made viable by the melting of Arctic sea ice due to climate change

Ajay Banga, president of the World Bank Group - COP28

World Bank chief Ajay Banga warns of economic headwinds for global economy

Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy

ARAMCO HYUNDAI GAS FIELD DEAL

Saudi Aramco, Hyundai to set up $2.4bn gas plant in Jafurah

Jafurah is Saudi’s largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet

Invest AD and Blackstone launch Private debt fund Image -courtesy-WAM

Mubadala-owned Invest AD, Blackstone launch private debt fund

The SCA-regulated fund will offer local feeder access to Blackstone’s US and European private credit strategies

UAE GCC CHINA TRADE CONFERENCE

UAE participates in first GCC-China economy and trade ministerial conference

The conference was aimed at enhancing dialogue between the GCC and Chinese business communities to lead to the creation of diverse business opportunities

Red Sea Global unveils Thuwal Private Retreat – a new luxury private island destination Image RSG

Red Sea Global unveils new luxury private island destination in Saudi Arabia

The buy-out only island resort will offer travellers premium luxury and hyper-personalised private experiences from early 2024

FUTURE INVESTMENT INITIATIVE

Future Investment Initiative 2023: Global summit in Riyadh gathers leaders amidst economic turbulence

Heads of state, CEOs, financiers, and policy experts, to discuss the challenges in light of rising global economic and geopolitical unrest

Emirates to codeshare with Batik Air Malaysia (Image: Supplied by Emirates)

Emirates to codeshare with Batik Air Malaysia

Emirates customers can access five domestic Malaysian cities and three regional South East Asia points operated by Batik Air via Kuala Lumpur