DHL Global Forwarding

Etihad Rail, DHL Global Forwarding ink 20-year partnership

The agreement will see the establishment of a joint venture company that will enable DHL to use Etihad Rail’s network to conduct its main operations within the UAE

Central bank on gross bank assets

CBUAE says gross banks’ assets reached Dhs3.74tn in February

Latest data from the central bank shows that gross credit surged by 1.2 per cent to Dhs1.89tn in February from 1.87tn a month earlier, driven by a 1.6 per cent increase in domestic credit

Emirates SkyCargo Air Canada cargo partnership

Emirates SkyCargo, Air Canada strengthen cargo interline cooperation

This development builds on the broader strategic commercial partnership between Emirates and Air Canada announced last year

Al Seer Marine invests into Adnoc L and S

Al Seer Marine makes Dhs257m cornerstone investment into ADNOC L&S

Al Seer Marine recently announced a strong revenue profit of Dhs1.11bn for 2022

Responsible AI

What responsible AI means outside of big tech

For many, the main concerns are not around whether AI will be sentient; rather, it’s about being able to understand the advice and decisions AI models make

safeguard

How to safeguard your ‘digital’ life on a vacation

With the increasing dependence on technology, the tourism industry is also becoming vulnerable to cyberthreats and therefore needs to prioritise security measures

Etihad Airways

Etihad Airways announces new route to Japan

The introduction of this route will support the growing trade and tourism ties between the countries and add to Etihad’s existing Tokyo service

NCEMA X Presight MoU

NCEMA, Presight sign MoU to bolster crisis and emergency management

Presight will work closely with NCEMA to create a hi-tech AI platform that serves the emergency management community

Vodafone

Vodafone to slash 11,000 jobs in new CEO’s turnaround plan

Margherita Della Valle said she would reallocate resources to focus on quality service that customers expect and grow the Vodafone Business unit

Masdar - Airbus Agreement

Masdar, Airbus ink deal to boost global sustainable aviation fuel sector

The agreement marks a collaboration between the two companies focusing on sustainable aviation fuels, green hydrogen and direct air capture technologies

ADNOC L&S IPO

ADNOC L&S sets IPO price range, seeks to raise $607m

The company expects the final offer price to be announced on May 26, after the book-building process

Etihad is offering discounted fares to Rome, among other destinations. (Image: Supplied by Etihad Airways)

Etihad Airways sale: Summer discounts announced on flights from Abu Dhabi

The airline is offering special fares to select destinations across its Asian, European, Middle Eastern and North American routes

Saudia

Saudia and Kuwait Airways sign codeshare agreement

Guests may expect to gain all the benefits of codeshare flights including connectivity, baggage transfer and the convenience of having their entire journey managed by one airline

AD Ports Group Khalifa Port

AD Ports Group’s first-quarter revenue jumps by 73%

The shipping and logistics group’s revenue in the first three months of the year reached Dhs1.81bn from Dhs1.04 a year earlier

Arabian Drilling operations

Arabian Drilling’s Q1 revenue surges by 4% to SAR779m

The drilling company’s earnings before interest, taxes, depreciation and amortisation in Q1 2023 reached SAR323m, with a margin of 41.5 per cent

Saudi Real Estate Refinance Company

Saudi Real Estate Refinance Company announces credit rating and outlook upgrades

Moody’s Investor Services affirmed Saudi Real Estate Refinance Company’s ‘A2’ long-term issuer ratings and upgraded its outlooks to ‘positive’

Morabaha Financing will list on Saudi Exchange

Saudi Arabia’s Morabaha Financing set to raise $83.4m in IPO

The company plans to use the net proceeds from the share sale to strengthen its capital base to support future growth

Agility logistics park

Kuwait’s Agility reports 20% rise in net profit to KD15.3m for Q1 2023

The company’s EBITDA increased 30 per cent to KD44m, and revenue grew 17 per cent

UAE-corporate-tax-illustrative-purposes_GettyImages-184931895.jpg

UAE corporate tax: FTA opens registration for public stock and private companies

The authority explained that early corporate tax registration will allow enough time for companies and businesses to comply with their legal obligations

Mumbai

DMCC opens representative office in Mumbai to bolster UAE-India relations

The new office will provide a one-stop solution for Indian businesses looking to expand through Dubai and help them establish a presence in DMCC

TAQA’s nine-month net income reaches Dhs15bn

UAE’s TAQA Group posts $3.2bn in Q1 net income

The Abu Dhabi-listed firm said its revenues jumped 6 per cent in Q1 2023 to Dhs13.14bn, bolstered by higher bulk supply tariffs and transmission charges

Astronauts

Saudi space mission to launch on May 21, crew includes first Arab woman at ISS

The mission is part of the kingdom’s astronauts’ programme, which was launched on September 22 last year

electric abra

Dubai’s RTA trials driverless electric abra

The inaugural voyage of this autonomous electric abra commenced from Al Jaddaf Station and concluded at the Festival City Station on Dubai Creek

Prestige 13 Evo - A13M

MSI launches Prestige 13 Evo – A13M business laptop

Available in black and white, the Prestige 13 Evo – A13M is a sleek and ultra-lightweight laptop, weighing only 990g

ADIB Meydan Free Zone Signing ceremony

Abu Dhabi Islamic Bank, Meydan Free Zone collaborate to support SMEs

The partnership will enable both organisations to pool their resources and capabilities to offer SMEs a more comprehensive suite of solutions and service

DEWA’s high-water usage alert service reduces carbon emissions by 218,373 tonnes

The service sends instant notifications to customers if the smart meter system detects any unusual increase in consumption

Dubai Municipality three new Beaches for night swimming photo Duvbai Media Office

Beach tourism: Dubai Municipality opens three new beaches for night swimming

Night swimming timelines at the beaches will be from sunset to sunrise, Dubai Municipality said

Air Arabia aircraft (Image: Supplied by Air Arabia)

Air Arabia set to commence Sharjah-Bangkok flights

The daily service between the two destinations will begin from June 30

Oil industry

Global oil industry requires $12.1tn in investments up to 2045: OPEC secretary-general

Recent annual levels have been significantly below this amount, due to industry downturns, the pandemic and the increasing focus on environmental, social and governance issues

Le Méridien Al Marjan Island Resort and Spa (Image: Supplied by Marjan)

Le Méridien to open in Ras Al Khaimah by 2026

The beachfront Le Méridien Al Marjan Island Resort and Spa in the UAE will feature 350 keys