The expansion brings the number of DP World’s active trading offices globally to 161 “Global trade is in the midst of an unprecedented era of flux in the face of growing geopolitical and economic uncertainty. We have an opportunity to help businesses navigate increasingly complex supply chains, as they seek enhanced market access and streamlined but resilient logistics from factory floor to customer door. With our expanded regional fr…

77% of mediation cases successfully settled within a maximum of 10 days “We are committed to protecting the interests of the business community, and our mediation service represents another essential tool that enhances the competitiveness of Dubai’s favourable business environment.” Khalid Al Jarwan Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that it successfu…

Minister of Industry and Mineral Resources Bandar Alkhorayef has met with Vice President of Strategy and Innovation at Embraer Dimas Douglas Tomelin to discuss cooperation in the aerospace industry and localizing it in the Kingdom. They explored opportunities to enhance collaboration between the two sides and discussed leveraging Embraer's expertise in aircraft manufacturing, assembly, and maintenance to enhance the Saudi aerospace industry.Such …

Diriyah Company has announced the awarding of a  $2.13 billion (SAR 8 billion) joint venture construction contract to build four luxury hotels and the Royal Diriyah Equestrian & Polo Club as part of the Wadi Safar masterplan being developed by Diriyah Company. The joint venture contractors are Urbacon Saudi Co. and Al Bawani Co. Ltd with construction work set to commence shortly on what will be another major development milestone fo…

The Sustainable City – Dubai, the first fully sustainable community in the region, has announced the launch of a delivery robot pilot in collaboration with Dubai Future Labs and Lyve Global. Starting this month, three autonomous on-demand delivery robots, developed by Dubai Future Labs, will begin their trial within The Sustainable City community. These robots will provide autonomous delivery services from all restaurants and shops within t…

Expanding the restaurant-above-the-clouds experience: Emirates‘ Business Class passengers can now select their hot main meal between 14 days and 24 hours before departure across the airline’s all four German gateways. This further enables the airline to ensures guests always receive their favourite meals. Last year, Emirates introduced the service for Business Class passengers on its busiest routes including Hamburg, and has since exp…

- Qatar Airways Unveils Highly Anticipated ‘Qsuite Next Gen’ on the First Day of the Farnborough International Airshow 2024   - Qatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer revealed the new Qsuite alongside Sama, the World’s First AI Digital Human cabin crew - The World’s Best Airline also showcased its latest generation Boeing 787-9 and Qatar Executive’s Gulfstream G700 aircraft - The…

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef has met with several officials from prominent Brazilian companies specializing in the global food industry sector during his current official visit to Brazil. Discussions covered opportunities to localize food industry production in the Kingdom, transfer knowledge and innovation, and explored the latest advancements in modern manufacturing technologies in this field, …

Wadi Wajj, a revered valley in Taif Governorate, boasts a rich tapestry of history and natural beauty. Once a geographical divider splitting the city into two, it has evolved into a beloved tourist destination renowned for its lush gardens, vibrant orchards, and breathtaking panoramas. Professor Saleh Al-Khalif, an expert in Islamic history and civilization, emphasized Wadi Wajj's historical significance. He highlighted the valley's proximity to …

NEOM SR 2023 report details how its programs have benefited local communities NEOM, Kingdom of Saudia Arabia, July 25, 2024: NEOM, the sustainable development taking shape in northwest Saudi Arabia, has revealed that 50,000 people in local communities have benefited from its social responsibility (SR) programs over the course of a year. Released today, NEOM’s Annual Social Responsibility Report for 2023 outlines the number of beneficia…

Dubai Electricity and Water Authority (DEWA)’s Research and Development (R&D) Centre has published its fourth Transactions Report, highlighting the Scopus Indexed scientific and research papers presented at international conferences and journals in 2023. The report includes 71 research papers, marking a 14.5% increase compared to the previous year. The articles cover topics such as solar energy, water, energy efficiency, smart grid inte…

“We remain committed to enhancing the role of the chamber’s growing network of international representative offices in promoting Dubai’s competitive advantages, attracting investments, and supporting the expansion of companies operating in the emirate into promising global markets.” Sultan Ahmed bin Sulayem Dubai International Chamber achieved 200% YoY growth in the number of multinational companies attracted. The chamber …

Dubai’s Roads and Transport Authority (RTA) has introduced the Professional Engineering Career Path initiative, the first of its kind in the UAE, providing a specialised career path in engineering tailored to meet market demands and ensure job stability for engineers. Additionally, RTA has launched the Fast Track initiative, which aims to attract elite Emirati engineering graduates with outstanding academic qualifications, equipping them wi…

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has announced 9% growth in its intake of companies from China in the first half of 2024, taking the total number of Chinese members in its free zone to 900.The announcement came as DMCC concluded its latest Made For Trade Live roadshow in Shanghai and Shenzhen – its second in China for 2024 – where it also he…

Fawry's journey to reaching unicorn status was a long one driven with strategic moves and focused vision, up until a landmark moment in 2019 when the company put 36% of its shares on the Egyptian Exchange (EGX). It was a monumental moment when Mohamed Okasha, the ex-Managing Director of Fawry, made this statement on his LinkedIn account in August 2020: "Fawry is officially a Unicorn." After all, Fawry was the first ever startup to reach a bi…

The Kuwait Investment Authority has seen a significant increase in the assets of its sovereign wealth fund, nearing the $1 trillion mark. According to data published yesterday by the Sovereign Wealth Fund Institute (SWFI), the fund’s assets rose by approximately $56.55 billion since March 2024, and by about $177 billion over the past year.....

In June 2024, Ghada Al Subaey, Founder of 1309 Studios and The Cutting Studio, took part in the M7 London Designer Showcase, a new initiative that aims to spotlight Qatarbased designers on the international stage under the patronage of Chairperson of Qatar Museums, Sheikha Al-Mayassa bint Hamad Al-Thani. Comprising of meetings with local press and buyers and intensive mentorship sessions, the event showcased the immense talent being fostered with…

Teucrium oliverianum, commonly known as "Ahneh," is a captivating native plant flourishing in the Arabian Peninsula. Renowned for its evergreen or semi-evergreen leaves and striking blue-violet flowers, this member of the Lamiaceae family has become an iconic symbol of the region's flora. The Imam Turki bin Abdullah Royal Reserve is home to a thriving population of Ahneh, a testament to its resilience and adaptability. Abdullah Al-Barrak, a wild …

Under the patronage of Ahmed bin Mohammed, Dubai Press Club to organise fourth edition of Dubai PodFest on 30 September 2024 Under the patronage of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, the Dubai Press Club (DPC) announced that it is set to organise the fourth edition of Dubai PodFest, the region’s leading event dedicated to podcasting, on 30 Septe…

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA has achieved 100% installation of smart water meters in Dubai, meeting the growing demand for water services. By the start of June 2024, DEWA had installed over one million smart meters that comply with the highest international technical standards. Al Tayer emphasised DEWA’s ongoing efforts to develop its smart grid and state-of-th…

The new buses support RTA's efforts to promote the use of public transport among residents In alignment with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, Ruler of Dubai, the aim is to establish a sustainable and resilient public transport system that facilitates the movement of residents and visitors. This initiative, which will cost AED 1.1 billion, aims to enhance the well-bein…

Value of members' exports and re-exports rises by 6.7% to reach AED 145.9 billion  “The chamber’s activity during the first half of the year reflects the emirate’s growing position as a global capital for business, trade, and investment in line with the goals of the Dubai Economic Agenda (D33).” Abdul Aziz Abdulla Al Ghurair - A total of 372,000 certificates of origin were issued during the six-month period, an increa…

Dubai Police's Tourist Police Department recently visited the Tourist Police Department in Pattaya, Thailand, to strengthen cooperation and exchange expertise in tourist policing. The Dubai delegation, led by Captain Ahmad Al Fajir, Deputy Director of the Tourist Police Department, was briefed on the duties, community initiatives, and experiences of the Pattaya Tourist Police in preventing crime and enhancing safety and security in tourist areas.…

Riyadh Air today announced a five-year agreement with GE Aerospace for the adoption of its suite of flight operations software solutions: Safety Insight, Fuel Insight, and FlightPulse®. This strategic partnership will equip the new Saudi Arabian airline with data-driven analytics to optimize fuel consumption, enhance safety measures, and fortify its sustainability initiatives. With Fuel Insight integrated into its operations, Riyadh Air aims …

Equinox Hotels, a revolutionary leader in high-performance luxury hospitality, is proud to announce plans for the opening of Equinox Resort Treyam, one of Magna's twelve destinations, located on the coast of the Gulf of Aqaba. Magna's destinations, including Treyam, are part of NEOM, the evolving regional development, taking shape in northwest Saudi Arabia. Promising an unrivaled hospitality experience in one of the world's mo…

The Government Experience Exchange Programme (GEEP) of the UAE Government launched an achievement report as part of the UAE’s delegation participation at the UN High-Level Political Forum on Sustainable Development 2024. Titled “Partnerships in the Race to Excellence: Leading Transformational Change in Government Administration”, the report highlights 35 bilateral partnerships formed by the UAE in government modernisation and co…

The total number of transmission substations across Dubai reached 382  HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) has said that DEWA has commissioned 8 new 132 kV transmission substations in the first half of 2024, with a conversion capacity of 1,200 megavolt-amperes (MVA) and a cost of AED 1.36 billion. This supports DEWA’s efforts to keep pace with the growing development and the steady u…

The Dubai Financial Services Authority (DFSA) today published Decision Notices imposing penalties on Symphony Services Limited (SSL), a Dubai International Financial Centre (DIFC) incorporated company, and its CEO: SSL: a fine of USD 210,000 (AED 771,330) and withdrawal of SSL’s registration as a Designated Non-Financial Business or Profession (DNFBP). Mr Daniyar Japarkulov: a fine of USD 140,000 (AED 513,221). Additionally, Mr Japarkulov i…

The award serves as a global platform for institutions and individuals to showcase their initiatives and achievements in energy management and conservation. The Emirates Energy Award, through its various categories, supports global efforts to provide clean and renewable energy solutions, especially to developing communities, as one of the essential pillars of sustainability. This comes at a time when international endeavours are being intensified…

  Saudi Arabia’s growing business landscape has encouraged regional and global companies to establish a local presence in the burgeoning market.  Egypt-born generative artificial intelligence startup DXwand is leaving no stone unturned as it aims to get closer to its clients with an on-ground team.....

The Ministry of Industry and Mineral Resources has announced in a press release the launch of its most extensive mineralized belts to date, covering an expansive 4,788 km² that includes five exploration licenses. The ministry is inviting major mining and exploration companies to participate in the ongoing Exploration Licensing Rounds aimed at unlocking the belts’ vast mineral wealth. According to the ministry’s official spokesper…

The Future Government Leaders Programme in the Arab World, the region's largest initiative to empower young Arab government leaders, has announced the launch of its second cohort. This pioneering programme, a partnership between the UAE government and the Arab Administrative Development Organization (ARADO) at the League of Arab States, aims to prepare 42 young Arab leaders. The programme focuses on equipping them with future skills and enhancing…

Customers of Dubai Electricity and Water Authority (DEWA) have emphasised how DEWA’s digital services help them increase the efficiency of their electricity and water consumption while reducing waste. This is achieved through proactive digital monitoring and management, as well as immediate detection of water leaks. Customers have praised DEWA’s campaigns that raise awareness about its innovative tools, encouraging sustainable daily p…

- Agreement with Envision Energy and Vision Industries to transform Saudi Arabia into a manufacturer of wind turbines and components - Agreement with Jinko Solar and Vision Industries to localize production of photovoltaic cells and modules - Agreement with a subsidiary of TCL Zhonghuan Renewable Energy and with Vision Industries to localize production of ingots and wafers for solar power PIF has today announced the signing of three new agreeme…

The UAE's innovative use of artificial intelligence (AI) to drive comprehensive development was a focal point at a session focused on the potential of smart, sustainable cities and AI applications. This event, hosted by the New York City Mayor's Office for International Affairs and Partners, featured members of the UAE delegation and was held on the sidelines of the United Nations High-Level Political Forum (HLPF) on Sustainable Development. Unde…

“Kilimanjaro Energy’s success in expanding into China underlines the importance of our efforts to support the growth of Dubai-based companies in promising global markets.” - Salem Al Shamsi “We are confident that this alliance will not only enhance our capabilities, but also position the UAE as a leader in the global energy landscape.” -Ali Makki, Cofounder and Group CEO of Kilimanjaro Energy “We believe t…

Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and AMAALA, has announced a partnership with the Saudi Climbing and Hiking Federation (SCHF) to boost adventure tourism across the Red Sea region. The collaboration will be activated through Akun, RSG’s adventure sports brand, which is responsible for all hiking, climbing and adventure experiences across RSG’s destinations. The partnership wil…

“As the UAE and Indonesia collaborate and innovate to drive economic growth and social impact in both countries, DIFC as MEASA’s global leading financial centre, is perfectly positioned to facilitate significant opportunities by way of this strategic partnership. Through this agreement with Nusantara Capital Authority, we are forming a new framework to ultimately grow the two financial ecosystems as we come together to drive the futur…

- Aramco and Air Products Qudra join forces to develop lower-carbon hydrogen production business - Companies agree shared ownership of Jubail firm, with plans to supply hydrogen through a pipeline network in Saudi Arabia’s Eastern Province - Agreement aims to support growth of Aramco’s New Energies portfolio Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire …

- Marks opening of the first Emirates Travel Store in the Far East region, with more stores planned across the airline's network -Underscores airline’s approach to elevate every step of the customer journey, from booking to departure Emirates has officially opened its Travel store in Hong Kong, representing a significant milestone in its expansion in the city. It also marks the first Emirates Travel Store in the Far East region, as part of …

Dubai Electricity and Water Authority (DEWA) has announced the commissioning of a water reservoir in the Lusaily area and connected it to DEWA’s water network. The project has a storage capacity of 60 million imperial gallons (MIG) and cost AED 157.4 million. “Thanks to our advanced infrastructure, innovation, and robust scientific planning, we continue to meet the growing demand for water according to the highest standards of availab…

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is enacting amendments to the Prescribed Company Regulations. The amended regulations significantly expand and simplify the current Prescribed Company (“PC”) regime in DIFC.  Prescribed Company Regulations The Prescribed Company Regulations were enacted in 2019 and were further updated in 2020…

Dubai’s Roads and Transport Authority (RTA) has signed a partnership agreement with Majid Al Futtaim (MAF) Group to install three air-to-water dispensers at delivery riders’ rest areas, developed under Phase I of this project. Abdullah Yousef Al Ali, CEO of Licensing Agency, signed the agreement for RTA, while Ali Al-Abdullah, Managing Director of Government Affairs & Corporate Real Estate at Majid Al Futtaim, signed for MAF. The …

The abra features the longest monocoque structure created using 3D printing technology Dubai’s Roads and Transport Authority (RTA) has launched the trial operation of the world's first electric abra manufactured using 3D printing technology, in collaboration with the private sector. The abra, which can carry 20 passengers, was designed, and built to retain the traditional abra identity. This initiative supports the government's efforts to a…

By Rand Al Sultan, Assistant Manager - Environmental Planning and Appraisal at Red Sea Global As stunning marine species engage with coral reefs, we often forget the unseen world that drives the dynamics of life beneath the water: the realm of microbials.  Microbial ecology is key to sustaining the Red Sea’s health and vitality. It is a complex web of interactions where microorganisms are essential for nutrient cycling, organic matter …

The Mohammed Bin Rashid Centre for Government Innovation (MBRCGI), in partnership with the Supreme Committee for Urban Planning, Dubai Municipality, and Furjan Dubai, successfully hosted its first engaging workshop to activate the Dubai Urban Design Platform Urban Planning in Dubai, the city’s first AI-powered platform for urban planning.  Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Princ…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with a number of local dignitaries, businessmen, investors, senior officials, and heads of private sector entities at the Union House in Dubai.During the meeting, His Highness stated that the UAE and Dubai's consistent top rankings in global competitiveness indicators across various fields are the result of integrated effo…

- Opening marks first and only Emirates dedicated lounge in the region outside Dubai - The lounge’s opening comes as airline celebrates 35 years’ service to Saudi Arabia  Emirates has today officially opened the doors to its first ever lounge in the region at King Abdulaziz International Airport in Jeddah, Saudi Arabia. The airline’s newest dedicated lounge will accommodate customers flying on its triple daily A380 services…