DXB H1 traffic highlights- DA Runway Image Dubai Airports

Dubai: DXB passenger traffic surges 49.1% in H1’23; surpasses pre-pandemic levels

In Q2, passenger traffic at Dubai International Airport surged by 42.7 per cent year on year to reach 20.3 million

Hilton has confirmed its first airport hotel in Saudi Arabia (Image: Supplied by Hilton)

Hilton to open airport hotel in Dammam

The 273-key property will have direct skywalk access to the terminal building at King Fahd International airport

Central Bank of the UAE

Central Bank of the UAE’s H1 2023 budget revealed

On an annual basis, the central bank’s public budget surged by 32.15 per cent, equivalent to Dhs158bn

Kevin Rubin, Chief Finance Officer at Alteryx on the role of the modern CFO

The modern CFO: Risk taker or business maker?

With digital transformation added into the mix, the modern CFO role has transformed into that of a future-facing navigator, combining risk mitigation with near-live opportunity mapping

Saga group - Travel

Travel will represent a $15.5tn economy by 2033

The report by World Travel & Tourism Council reveals the top five most powerful travel and tourism economies as of 2022 in terms of GDP contribution

UAEs UBF on how the banking sector-is-supporting-green-finance-initiatives-GettyImages-83975094

These UAE banks invested over Dhs190bn in green financing, reveals UBF

The UAE banks invested in various projects in renewable energy, waste-to-energy, and green technology in 2022

Google

Google will expand generative AI tool to select websites

Google said the new feature would generate summaries only for content that is free to read

Tesla

Tesla data breach blamed on ‘insider wrongdoing’ impacted 75,000

The people appear to be current or former employees of the Austin, Texas-based automaker

rupee

Rupee approaches record low; still favoured among EM Asian peers by investors

The rupee closed at 83.1062 to a dollar on Friday, August 18, within striking distance of its record low of 83.2912 touched in October last year

John Warnock

Adobe’s co-founder John Warnock dies at 82

Warnock remained on the company’s board of directors until his death

Diesel prices at a gas station at dusk.

Fuel update: Diesel inventories could get dangerously low in coming months

The current crunch highlights a dilemma that nations have in phasing out oil refineries as they try to transition away from fossil fuels

ADX and tawasul tieup to provide users realtime stock market updates on the superapp GettyImages-687689274

Abu Dhabi’s ADX, Tawasal SuperApp to offer real-time stock market updates

Tawasal is a secure multi-purpose messenger and super app, which offers free calls, chats, video conferencing and lifestyle services

BCCI to auction cricket broadcast rights for bilateral series

Amazon, Google wooed by India’s BCCI for $750m cricket rights: Report

The reportedly lukewarm response by media firms ahead of BCCI’s auction highlights the struggle to make money from bilateral cricket series

Samana Developers

Dubai real estate: Samana Developers launches Dhs300m ‘Golf Views’ project

The project is scheduled for delivery in Q2 2026

Alibaba

Alibaba’s e-commerce arm to hire 2,000 graduates

Taotian Group is recruiting the graduates for a range of roles including design, product and data

Majid Al Futtaim H1 2023 results Image MoE _ courtesy Majid Al Futtaim

Majid Al Futtaim announces H1’23 results, reports 74% YoY rise in net profit

Majid Al Futtaim reported a 5 per cent increase in consolidated revenue to Dhs18.9bn, and EBITDA growth of 13 per cent year-on-year to Dhs2.1bn

Qatar Airways to increases frequency to New York (Image: Sourced from Qatar Airways Newsroom)

Qatar Airways to increase frequency to New York

The airline will operate thrice-daily services from Doha to New York starting October 30

UAE traffic fine

UAE Unemployment Insurance scheme deadline: Know last date of registration to avoid fines

The MoHRE revealed that over five million employees from across the UAE had signed up for the unemployment insurance scheme by June

8 great books to inspire ceos of a startup Getty Images

Startup reading list: 8 inspiring books for entrepreneurs

Whether you’re a budding entrepreneur or a seasoned business leader, these reads will equip you with the tools and wisdom to navigate the exciting world of startups

Digital healthcare is booming following COVID-19

The GCC healthcare sector is poised for strong growth: outlook

A combination of several interrelated factors has positioned the GCC healthcare sector for continued expansion at a healthy pace

Saudi

Saudi Arabia unveils $200m fund to propel local and global high-tech

The initiative is part of a strategy announced for the King Abdullah University of Science and Technology

2023 FIFA Women's World Cup champions Spain

Spain wins 2023 FIFA Women’s World Cup after defeating England in Sydney

The Spanish team, known as La Roja, downed England 1-0 in front of a sellout 75,784 crowd at Stadium Australia

RTA Dubai scores highly on TomTom's 2022 traffic index

Dubai outperforms key global cities in ease of traffic flow: report

The TomTom 2022 report showed Dubai beat cities such as Sydney, Berlin and Rome in terms of the average time needed to travel a distance of 10km in the CBD

Russia Luna-25 crashes

Russia’s Luna-25 spacecraft crashes into the Moon’s surface hours before scheduled landing

Luna-25 was scheduled to execute a soft landing on the south pole of the Moon on August 21

Electric Vehicle

Tips to maximise electric vehicle performance in summer

EV owners and operators must provide careful attention and maintenance to their vehicles to minimise and prevent various risks

Gautam Adani

Adani takes bond brokers on Gujarat trip to instill confidence

The tour showcased the infrastructure of India’s largest private port and the conglomerate’s strong financial conditions

VR

British startup launches VR audio experience in Middle East

The launch marks the first time an Arabic audio entertainment app has built a VR experience for Middle Eastern audiences

Baseball United

Baseball United reveals schedule for its upcoming Dubai showcase games

There are 800,000 avid baseball fans comprising more than a dozen nationalities living within the UAE

US Treasuries

Saudi Arabia’s holdings of US Treasuries at six-year low

The kingdom in June sold more than $3bn in US government debt, offloading the securities for a third consecutive month

Etihad rail marine bridge

Etihad Rail’s marine bridge: Key numbers of the landmark project

Etihad Rail’s new fleet will contribute towards reducing carbon dioxide emissions as it consolidates the transport of goods and cargo