Emirates A380 (Image: Supplied by Emirates)

Emirates to begin daily flights between Dubai and Toronto

The enhanced services between the two destinations will commence on April 20

Cyprus Airways (Image: Supplied by Dubai Airports)

Cyprus Airways commences direct flights from Larnaca to Dubai

It has deployed its Airbus A320 aircraft on this route

Pole Position’s Ryan Trutch on how he is nurturing young talent

Pole Position’s Ryan Trutch on how he aims to drive the region’s young talent to the finishing line

The company is introducing Greenpower in the UAE to promote Science, Technology, Engineering, and Maths (STEM) education

New Dhs1000 banknote April 2023 photo WAM

UAE’s new Dhs1,000 banknote issued, highlights space ambitions, energy diversification

The new banknote will be available at banks and exchange houses starting from April 10

RENEWABLE ENERGY

Masdar secures funding for three solar projects in Uzbekistan

The projects have a combined capacity of around 900 MW and they will power more than one million homes

BotimGPT

BOTIM launches region’s first Arabic ChatGPT with MBZUAI 

BOTIM’s Arabic Chat GPT will support features such as international money transfers, bill payments and e-commerce

UAE global merchandise trade crosses one trillion dollars Getty images

UAE’s global merchandise trade exceeds $1tn in 2022

According to WTO data, the UAE ranked 11th in terms of exports of commodities and was the 18th importer of global merchandise goods worldwide

UAE new corporate tax

UAE to offer corporate tax relief to small businesses

The tax relief seeks to support startups and other small businesses by reducing their corporate tax burden and compliance costs

UAE homegrown brand CAFU, launches globally with EV charging solution

UAE’s CAFU launches in Canada with EV charging solution

CAFU’s service will allow EV owners in Quebec to charge their cars at the tap of a button, boosting access to charging infrastructure

Savvy-backed Scopely LA Office. Image by Scopely

Saudi Arabia’s Savvy Games acquires Scopely for $4.9bn

The company will benefit from Savvy’s long-term financial backing to deliver on its strategy to grow and deepen existing franchises

self-driving taxi cruise av

Driverless taxis: Testing begins in Jumeirah 1, shares RTA

In February last year, RTA and Cruise joined forces to run the maiden autonomous taxi service in the city

Terminal 3, Dubai International DXB. (Image: Sourced from Media Gallery of Dubai Airports)

Dubai’s DXB ranked busiest international airport worldwide for 2022

It retained its position for the ninth consecutive year, with over 66 million passengers using DXB last year

National Bonds_Group CEO

National Bonds sees 15% growth in 2022, investment portfolio rises to Dhs13.7bn

National Bonds attributed the strong growth to solutions such as the Golden Pension Plan, Global Savings Club and Sukuk Al Waqf

Mark Willis, CEO for Fairmont Hotels and Resorts. (Image: Supplied by Fairmont)

Accor’s Fairmont relocates global headquarters to Dubai

Mark Willis, former Accor CEO for the Middle East, Africa, India and Türkiye, is now the CEO for Fairmont Hotels and Resorts

Saudi Arabia launches autonomous vehicle trial

Saudi Arabia launches trial for first autonomous electric vehicle

The launch is one of the initial steps toward the development of AV legislation, regulations and supporting systems in the kingdom

Yango Delivery C2C service

Yango Delivery launches new rapid C2C delivery service

The company will charge Dhs15 for its on-demand delivery service and plans to run promotions for consumers that sign up for the service

Fitch upgrades Saudi Arabia.

Fitch Ratings raises Saudi Arabia’s outlook on strong fiscal buffers

The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments

mohre emiratisation deadline

UAE Unemployment Insurance Scheme: Subscribers cross one million

The Unemployment Insurance Scheme covers employees in the federal government and the private sectors

TotalEnergies, Iraq deal

Iraq, TotalEnergies to proceed with $27bn energy project

The energy project aims to recover flared gas on three oil fields in order to supply power plants and build a seawater treatment plant to increase oil production

Dubai is centre for wealth creation

Why Dubai is the new wealth and asset management global hotspot

Dubai is home to more than 55,000 high net-worth individuals and over $3tn of private wealth is within an hour’s flight of the city

Hamad Alshamsi Amanat healthcare photo courtesy twitter amanat

Amanat Holdings launches new healthcare platform

Amanat also plans to consider further value creation options for Amanat Healthcare, including a potential initial public offering on a regional exchange in the near term

Anantara The Palm Dubai Resort (Image: Supplied by Anantara)

Anantara property in Dubai diverts 62 per cent of waste from landfills

Its key initiatives included the installation of an onsite water bottling plant and a food digester machine

Emirates REIT dubai-silicon-oasis

Emirates REIT records 30% rise in net profit in 2022

Occupancy across the REIT’s portfolio increased to 85 per cent, reflecting a 13 percentage point increase year-on-year

Opec fund Acwa Power loan agreement for wind farms

OPEC Fund, ACWA Power sign $40m loan deals to build wind farms in Uzbekistan

The loans will support the construction and operation of the 500MW Dzhankeldy wind farm and the 500MW Bash wind power plant in Uzbekistan

SABB rebrands as SAB – الأول

SABB rebrands as Saudi Awwal Bank after merger with Alawwal

The bank will operate as ‘Saudi Awwal Bank’ after obtaining the necessary regulatory and shareholders’ approvals

ADNOC Onshore Drilling Rig

Abu Dhabi’s ADNOC Drilling approves $341m dividend

The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m

Apple job cuts

Apple to make minor job cuts in some corporate retail teams

The iPhone maker is cutting jobs in its development and preservation teams, groups that are responsible for the construction and upkeep of its retail stores

Agam Garg - GM for UAE at Yango Delivery

Yango Delivery’s Agam Garg on how its business is driven by speed and precision 

The company’s real-time package tracking feature allows customers to track their packages in real-time and provides them with up-to-date information on the delivery status

AD Ports Photo WAM

UAE’s AD Ports Group secures $2bn syndicated corporate facility

The multi-currency facility, equivalent to around $2bn, includes three tranches amounting to EUR600m, $620m, and Dhs2,863m with a tenure of up to 2.5 years

emirates Japan flight to Tokyo Haneda on April 2

Emirates resumes flights to Tokyo-Haneda

The Dubai-based carrier restored its full Japanese network with the resumption of flights to Tokyo-Haneda on April 2