#News

Saudi Arabia's first opera house is being built in Diriyah

Saudi Arabia’s first opera house is being built here

Designed by the world-renowned architectural firm Snøhetta, the Royal Diriyah Opera House will be built in the heart of Diriyah

ADNOC to buy OCI stake in Fertiglobe for $3.62bn

ADNOC to buy OCI stake in Fertiglobe for $3.62bn

ADNOC will become the majority shareholder in Fertiglobe, increasing its shareholding to 86.2 per cent, with 13.8 per cent remaining in free float on ADX

Eugene Willemsen, CEO Africa, Middle East & South Asia, PepsiCo_Dr. Bob Maughon, Chief Sustainability & Technology Officer, SABIC_Roland Daher, CEO, Astrolabs launch Mega Green Accelerator

Mega Green MENA Accelerator unveiled by PepsiCo, SABIC, AstroLabs

The new initiative aims to nurture the next generation of entrepreneurs in the region to develop solutions to regional and global sustainability challenges

Air Arabia Abu Dhabi launches flights to colombo

Air Arabia Abu Dhabi commences direct flights to Colombo

The airline will connect the UAE’s capital to Colombo with three flights a week on Wednesday, Friday, and Sunday

DSF begins on December 8 in Dubai Image DFRE

Dubai Shopping Festival begins: Deals, discounts, fireworks, prizes on offer

Starting on December 8, the Dubai Shopping Festival will run until January 14

Voluntary recycling credits initiative launched image supplied

COP28: Voluntary recycling credits initiative launched, first global standard to incentivise recycling

The proof of concept for the VRC Initiative has been successfully developed, with the first live transaction showcased at the UAE Pavilion, COP28, on December 4

Mashreq commits to facilitate Dhs110bn in sustainable finance by 2030

Mashreq to facilitate Dhs110bn in sustainable finance by 2030

The bank’s commitment to sustainable finance is part of its Climb2Change global initiative

Cop28 Saudi Arabia clean energy focus Saudi Green Initiative Forum

Saudi Arabia sees 300% rise in installed renewables capacity

The Saudi Green Initiative aims to improve the quality of life and protect future generations by increasing reliance on clean energy

UAE unveils World Fire Emission Reduction Alliance Image Dubai Media Office

UAE unveils World Fire Emission Reduction Alliance at COP28

The signatories collectively represent over 56 countries globally, establishing a wide-ranging global alliance dedicated to reinforcing security, disaster prevention

Dubai Calendar events in December 2023 -Winter Garden at Habtoor Palace Dubai until 31 January

Dubai Calendar: Here’s a lineup of sport, festive, music, NYE events in Dec 2023

Dubai Calendar has revealed an exciting array of events in December, including DSF, Sole DXB, Winter Garden and other events

UAE finance sector to mobilise Dhs1tn in sustainable finance image UBF X

COP28: UAE financial sector commits to mobilising Dhs1tn in sustainable finance

In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank

KIng Charles visits heriott watt university Image supplied

British monarch King Charles III visits Heriot-Watt University Dubai

The King, accompanied by British Foreign Secretary Lord David Cameron, visited the Heriot-Watt Climate Hub

Dubai announces free parking and new bus and metro timings for 52nd Union Day Image RTA

Dubai announces free parking, new metro, bus timing for 52nd Union Day

RTA has introduced free public parking during the Union Day holiday, except for the multi-level parking terminals, from December 2-4

UAE marks commemoration day on Nov 30 Image WAM

UAE marks Commemoration Day on November 30, honours martyrs

The UAE has a comprehensive strategy focused on supporting families of the martyrs, including housing programmes, healthcare and educational support

Saudi wins bid to host World expo 2030 GettyImages-1169219013

Saudi Arabia wins bid to host World Expo in 2030

The kingdom will host the global event from October 2030 until March 2031

Dubai RTA and Careem school rides service sees great demand Image Dubai Media Office

Dubai: School Rides service by Careem, RTA sees rising demand

The cost of the trip is 34.5 per cent less than the cost of the regular limousine services offered by Careem

Dubai Future Forum begins on Nov 27 GettyImages-1233733212

World’s largest gathering of futurists convene in Dubai on Nov 27

Dubai Future Forum will convene 2,500 experts and 150 speakers, hailing from more than 100 countries

SEVEN Abha unveiled in Aseer Image supplied

Saudi’s SEVEN unveils SAR1.3bn entertainment destination in Aseer

The entertainment destination is centrally located between the cities of Abha and Khamis Mushait, and will be developed with an investment of over SAR1.3bn

16th edition of EMIRATES AIRLINE FESTIVAL OF LITERATURE to start on January 2024 Image Supplied

Emirates Airline Festival of Literature returns in Jan 2024

Tickets for the festival, along with the full speaker lineup and programme details, will be available for purchase starting December 14

DFM to launch carbon credits pilot programme at COP28 Image Dubai Media Office X

Dubai Financial Market to launch pilot carbon credits programme at COP28

DFM will commence the pilot programme for institutional investors starting from December 4-8, with the offsetting period ending on January 10, 2024

Air Arabia starts direct flights to Kozhikode from RAK

Air Arabia operates first direct flight from RAK to Kozhikode, Kerala

The airline operated its first non-stop flight from Ras Al Khaimah to Kozhikode in the state of Kerala, India, on November 22

PIF-owned SRC successfully wraps up SAR3.5bn sukuk GettyImages

Saudi Real Estate Refinance Company wraps up SAR3.5bn sukuk issuance

The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme

Drones in Dubai _ Dubai Horizons first phase completed 2 Image Dubai Media office

Drones in Dubai: Phase 1 of ‘Horizons’ project complete

The project is planning standards for drone routes and dedicated landing zones in low-altitude airspace and selected airport locations

Dubai’s RTA has started installing solar energy panels

RTA powers up Dubai metro, tram depots with solar

The authority expects to achieve a total saving of carbon dioxide emissions amounting to 3.962 tonnes annually because of the project

Binance CEO Changpeng Zhao pleads-guilty-ot-money-laundering-charges-GettyImages 1239957173.jpg

Binance CEO Zhao quits, pleads guilty to money laundering

Zhao, who was born in China and moved to Canada at the age of 12, pleaded guilty in a Seattle court on Tuesday afternoon

Kuwait announces four-day break for New Year 2023-24 GettyImages-913894628

New Year 2023-24 holidays: Kuwait to get 4-day break

The country’s cabinet has declared Sunday, December 31, 2023, and Monday, January 1, 2024, as public holidays

Aldar unveils Nikki Beach Residences in Al Marjan _ Image Aldar

Aldar launches Nikki Beach Residences in Al Marjan, sales to open on Dec 5

Three hundred and fifty-seven units will be up for sale in the first phase on December 5

Saudi Arabia introduces new airline compensation rules in Nov 2023

Saudi Arabia: New airline compensation rules come into effect

Compensation provisions for flight delays, cancellations, overbooking and unexpected stopovers have been bolstered and extended

MBC GROUP to float IPO on Tadawul Image MBC group

MBC Group IPO: Saudi media giant plans to list on Tadawul

On Tuesday, November 21, the kingdom’s Capital Market Authority approved the company’s application for registering 10 per cent of its share capital