- Riyadh Air signed significant agreements in its first twelve months with aviation, transportation and sport partners including Saudia, Turkish Airlines, Boeing, GE, CAE, Swiss AS, Lufthansa Systems and Lucid Motors. - Major technology partnerships agreed with IBM, Accenture, Microsoft, Oracle, Sabre, Accenture and Adobe. - During its first year, Riyadh Air unveiled two beautiful permanent dual-livery designs to the world - In year one Riyadh Ai…
Jebel Ali Free Zone (Jafza) is emerging as the powerhouse driving the unprecedented growth of India-UAE trade, with a 28% year-on-year surge in new Indian businesses setting up in the trade and logistics hub. DP World’s flagship economic zone has seen 190 new companies from India established in 2023, bringing the total number of Indian businesses in Jafza up by 15% year-on-year to over 1,500. The surge in customers was announced following a…
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has revealed that DEWA made a significant achievement in improving electricity and water production efficiency, with a 41.73% increase in 2023 compared to 2006. This equates to a cumulative reduction of 92.5 million tonnes of carbon dioxide emissions between 2006 and 2023, equivalent to planting 484 million trees required to absorb this amount of CO2 emissio…
- Mohammad Ali Rashed Lootah: “We are keen to enhance the digital and operational readiness of Dubai-based companies to keep pace with the evolving requirements of the ecommerce sector.” - Ecommerce is expected to generate revenue of more than US$ 6.7 billion in the UAE during 2024. Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has collaborated with Amazon to host an on…
DMCC has announced Dubai’s diamond trade figures for 2023, headlined by 2% year-on-year growth in the value of rough and polished diamonds traded to reach USD 38.3 billion. This represents a five-year compound annual growth rate of 11%. Reflecting the UAE’s status as one of the world’s largest diamond trading hubs, the value of polished diamonds traded in the UAE grew 32% year-on-year to reach USD 16.9 billion. Dubai’s dia…
Kigali International Financial Centre (KIFC), a financial centre that aims to transform Rwanda into a leading financial destination for investors seeking opportunities across the African continent, and Abu Dhabi Global Market (ADGM), the leading International Financial Center (IFC) of the UAE’s capital, which provides a world-class business environment, creating an active community, and supports economic diversification in alignment with Ab…
BRKZ is on a mission to build a tech-enabled ecosystem to revolutionize the MENA construction industry. BRKZ, a Saudi Arabia-based B2B construction tech startup, has raised US$8 million in a Series A round that will be used for deepening its proprietary capabilities to get closer to becoming a one-stop-shop for the MENA region's construction industry. The startup also aims to expand its footprint across Saudi Arabia and the MENA region....
The UAE’s construction market is projected to grow by an average of 3 percent a year until 2028, driven by transport and renewable energy investments, according to GlobalData. The Emirates News Agency cited a recent report from the London-based data analytics firm, which forecasts a steady development trajectory for the market — valued at $94 billion in 2023......
Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report. In a report titled “GCC Real Estate How Credit Stories Have Evolved,” S&P believes the Kingdom’s property sector will also benefit from economic growth of up to 3 percent in the Gulf Cooperation Council region for the current year.......
stc Group, a global leader in digital transformation, has successfully concluded its participation in LEAP 2024, the world’s most-attended tech event, as its primary strategic partner and exhibitor. At the event, stc Group reaffirmed its commitment to digital innovation beyond connectivity, by demonstrating advanced technological solutions in health, logistics, megaprojects and sports. The Group also showcased its expanding scale and …
- Latest Annual Report https://bit.ly/dmcc-dubai shows 2,692 companies joined DMCC in 2023 in its second-best year on record - Total number of companies in DMCC’s business district surpasses 24,000 members - Dubai remains global focal point for FDI, with DMCC accounting for 11% of total FDI inflows - DMCC’s dedicated high-growth ecosystems drive new company licensing, including for crypto, gaming and Web3 - Business district main…
While We Design Beirut has been formulated as a program that celebrates design and creativity within the Lebanese community, co-founder Mariana Wehbe believes that the event can eventually also encourage synergies beyond boundaries. If one were to look at We Design Beirut purely in terms of its offering, the event -a four-day experience that's slated to run in Lebanon's capital city from May 23-26, 2024- looks like it will be a grand celebration …
Saudi Arabia has become the first country in the Gulf Cooperation Council region to have adopted the moving chain methodology for the calculation of its real domestic product, the state-run news agency reported. The report said the General Authority for Statistics will issue its bulletin for the fourth quarter of 2023 and the annual edition for the same year using the new methodology instead of using fixed-base year approach.....
stc Group, the engine of digital transformation, has provided the digital infrastructure for the 2024 edition of stc Formula 1 Saudi Arabian Grand Prix in Jeddah, as the official title sponsor. Formula 1 is a mega-event offering a global platform to demonstrate stc Group’s commitment to world-class connectivity. stc Group sponsorship of the Formula 1 Saudi Arabian Grand Prix is yet another example of the limitless drive taking us to t…
ATHENS, 10th March, 2024 (WAM) -- Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technolog and COP28 President, led a delegation to Greece as part of an official working visit, comprising government officials and private sector representatives. During the visit, Dr. Al Jaber held several bilateral meetings with Kyriakos Mitsotakis, Prime Minister of Greece; George Gerapetritis, Minister of Foreign Affairs; and Kostas Skrekas, Mi…
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council (DFZC), confirmed during the 26th meeting of the Council that it is working to develop performance indicators that will enhance the DFZC’s leading role in diversifying Dubai's economy and attracting international investment. Sheikh Ahmed bin Saeed said, “Over the past decades, Dubai’s free zones have contributed to making Dubai one of the most attra…
Connecting the region’s coating industry for 29 years, the Middle East Coatings Show is the perfect environment for manufacturers, raw materials suppliers, distributors, buyers and technical specialists (such as formulators) to convene and conduct business. For visitors, it offers the opportunity to meet over 200 leading coatings brands from across the globe, arranged over five dedicated categories: chemicals and raw materials; lab…
His Excellency Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, honoured members of the Dubai Event Security Committee from 55 governmental and private entities by awarding them the Happiness Medal in recognition of their prominent and distinguished efforts in securing important events and activities in Dubai. The ceremony took place on the sidelines of the Global Police Summit, attended by His Excellency Mohammed…
The total length of cycling tracks is set to jump from 544 km by the end of 2023 to 1000 km by 2030 Dubai’s Roads and Transport Authority (RTA) has inaugurated cycling tracks in Al Khawaneej and Mushrif extending 7 km to connect with the existing tracks in the two districts, which already span 32 km. Consequently, this expansion brings the total length of cycling tracks in these residential communities to 39 km. The opening of the new track…
- The airline has been voted, ‘World’s Best MICE Airline 2023’, and ‘Middle East’s Best MICE Airline 2023’ by industry experts - The awards highlight Qatar Airways’ efforts in facilitating the MICE industry in Qatar and beyond through world-class service on its network of over 170 destinations Qatar Airways has won two leading accolades at the World MICE Awards™ held at Berlin, Germany on 6 Ma…
Saudi Arabia’s entrepreneurship scene witnessed a transformative surge in investment activity at LEAP 2024 – the Kingdom’s highly-attended startup and technology event. Several new venture capital funds are set to launch, it was announced at the Riyadh-based gathering, aiming to energize various sectors within Saudi Arabia and the broader Middle East and North Africa region....
Saudi energy and chemicals giant Aramco has opened Aramco Marina, its first marine station in the Kingdom, to provide fuel to yachts and boats at the Jeddah Yacht Club on the Red Sea coast, the company said in a statement on Saturday. Marine station Aramco Marina's opening coincides with the start of the Saudi Arabian Grand Prix, a Formula One motor racing event. The station operates under the Aramco brand as part of …
MENA’s most comprehensive energy exhibition, Middle East Energy is a unique and powerful platform where energy leaders gather to debate and shape the future. At this highly regarded event, experts from across the region and beyond will plot the best route through the energy transition, put new technologies under the microscope, and refine their own energy strategies. Encompassing both a trade show and conference, MEE attra…
Dubai’s Roads and Transport Authority (RTA) has announced the business hours of all services during the holy month of Ramadan 1445H (2024) covering Customer Happiness Centres, Paid Parking Zones, Public Buses, Dubai Metro & Tram, Marine Transport, and Service Provider Centres (Technical Testing). Customer Happiness Centres Working hours during the holy month of Ramadan at the Customer Happiness Centres will be as follows: Umm Ramool, De…
The Qatar Chamber (QC) recently hosted the Qatari German Business Meeting at its headquarters. The event was co-chaired by HE Mohamed bin Ahmed bin Twar Al Kuwari, QC’s First Vice-Chairman, and Gordon Pelz, Vice Chairman of the German Mittelstand (German Association for SMEs). The event also was attended by QC board member Mohamed bin Ahmed Al Obaidli, along with many Qatari businessmen and members of the German delegation. The meeting focu…
Kuwait International Bank (KIB) announced the signing of a strategic partnership agreement between KIB Mubader Center, which specializes in incubation services, business acceleration, and entrepreneurship training for owners of small and medium-sized enterprises (SMEs), and Paydo, a leading company in the field of technical and logistical services for e-commerce.....
Rating agency S&P is encouraged by the substantial financial inflows that Egypt has received in the last two weeks, particularly from the historic $35 billion Ras Al Hikma deal with the UAE and the expanded $8 billion deal with the International Monetary Fund (IMF). S&P outlook The Egyptian authorities are making "positive" statements regarding reforms, Reuters quoted Trevor Cullinan, director of sovereign ratings at S&P Global…
Investors in Saudi Arabia will benefit from a new license aimed at reducing the bureaucracy involved in getting construction projects off the ground. According to a statement, the Ministry of Industry and Mineral Resources inaugurated the new service, which provides documents in accordance with the Unified Industrial Organization Law of the Gulf Cooperation Council countries.....
An additional 350,000 tourists are expected to visit Saudi Arabia after the Kingdom’s tourism authority entered into a partnership with global bookings firm Trip.com. The deal was one of 14 signed by the organization at a trade show in Berlin, with agreements also reached with German low-cost airline Eurowings, Saudi carrier Flynas and new collaborations with Visit Bahrain, Visit Oman and Qatar Tourism....
stc Group has announced by its subsidiary solutions by stc, the pioneer in information technology services in Saudi Arabia and the region, and US-based nile, a leader in enterprise Network as a Service (NaaS), the signing of a term sheet agreement aiming to create a joint venture during “LEAP 2024," the major tech event held annually in The Saudi capital Riyadh. The joint venture between the two companies will be a strategi…
DP World has launched a new collaboration with Barefoot College International (BCI), aimed at empowering rural women in Somaliland. Through the expansion of the Solar Mamas programme, DP World and BCI are committed to providing access to clean energy and economic opportunities for women in underserved communities. Globally, around 1 billion people lack access to electricity, with many development solutions relying on complicat…
Dubai Police has signed a Memorandum of Understanding (MoU) with the Rwanda National Police to boost cooperation and solidify a partnership that serves their strategic objectives in combating transnational organised crimes. This MoU was signed on the sidelines of the World Police Summit 2024 by His Excellency Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, and Commissioner General Felix Namuhoranye, in his capaci…
Reflecting the spirit of togetherness and generosity during the Holy Month of Ramadan, Emirates will be serving thousands of meal boxes for fasting passengers both onboard and at boarding gates, screening an array of religious content and popular TV shows on ice, and offering traditional Ramadan dishes in the lounges. Ramadan refreshments in the lounges At the Emirates lounges in Dubai International Airport (DXB), traditional Arabi…
inspireU from stc, the leading corporate accelerator in the region, has signed a landmark Memorandum of Understanding (MoU) with Business France, the national agency supporting the international development of the French economy. The strategic partnership aims to foster innovation and strengthen the startup ecosystem in Saudi Arabia and France. This MoU was signed during the prestigious LEAP24 event in the presence of high-profile dignitaries fro…
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia. With ambitious architecture that blends with the dramatic natural landscape, Gidori hosts luxury hospitality, premium residences, …
- Following the first five announced in 2023, the latest four Golden Licenses awarded span across diversified sectors namely, financial services, manufacturing, ICT, and tourism. - The local and international ventures are expected to generate over 3,000 employment opportunities. The island nation of Bahrain reported a total of USD 2.4 billion in investment stemming from 9 major projects, which are set to generate 3,000 employment opportunit…
- His Excellency Abdullah bin Touq Al Marri: The UAE is focused on activating opportunities within the circular economy, clean energy, smart transportation, sustainable aviation, and agricultural technology sectors with the aim of transitioning towards a diversified, knowledge-based economy. - Dubai Future District Fund has made strategic investments across 14 start-ups and funds in 2023, bring total number of projects supported to 25. - Fund has…
Emirates has signed a Memorandum of Understanding (MoU) with Tourism Ireland to boost inbound tourism to Ireland through the airline’s global network of more than 140 destinations. The MoU with Tourism Ireland was signed today by David Boyce, Head of Emerging Markets, Middle East and Asia Tourism Ireland and Volker Greiner, Emirates Vice President North & Central Europe. Under the collaboration, Emirates and Tourism Ireland will se…
IBM announced today the next steps in their collaboration with Riyadh Air, the digital-native airline currently scheduled to commence operations in early 2025, to revolutionize the airline’s travel experiences. The airline plans to introduce next-generation, channel-fluid guest and traveler interactions, tapping into IBM Consulting's open ecosystem of business partners and deep industry expertise spanning strategy, experience design, techno…
Four Seasons is the latest brand to join the collection of luxury hospitality partners at AMAALA, introducing the brand’s legendary service to Saudi Arabia’s new beachside development. Red Sea Global (RSG), the developer behind the regenerative tourism destinations AMAALA and The Red Sea, and leading luxury hospitality and branded residential company Four Seasons announce the development of a new luxury wellness resort …
Mohammed bin Rashid aerospace hub and Tim aerospace break ground on one of the region’s largest MRO hangars The Mohammed bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, and Tim Aerospace broke ground on its new hangar at Dubai South. The new facility will be built with the maximum allowed design dimensions, making it one of the largest wide-body capable aircraft …
As part of its efforts to improve quality of life and safety of community members - The Municipality is conducting monitoring and inspection campaigns during Ramadan to ensure adherence to standards and requirements Dubai Municipality has intensified its monitoring campaigns and inspection visits for food safety and public health during the holy month of Ramadan. The campaigns include various sectors such as Dubai markets, commercial …
Dubai's taxi sector has experienced substantial growth in 2023, clocking about 114 million trips, lifting in the process around 198.4 million passengers throughout the year. This annual trip count is the highest tally recorded over the past 15 years. Highlighting the Taxi sector’s achievement, Adel Shakri, Director of Planning and Business Development, Public Transport Agency, Roads and Transport Authority (RTA), said, “The annual gro…
- WGEO signs a MoU with Ajman Municipality & Planning Department to strengthen collaborative efforts for environmental sustainability during the conference. - The event witnessed a high-level roundtable of director generals of UAE Municipalities discussing Carbon Neutral Cities initiative. - Workshop, in Collaboration with UNFCCC Regional Collaboration Center (RCC), explored strategies for achieving climate neutrality in cities under the Pari…
Emirates and ITA Airways have today inked an MoU for the expansion of their existing interline into a full codeshare partnership. Once activated, the codeshare will boost travel options and connection choices for customers travelling between Dubai, Italy and beyond. The MoU signed today will establish the foundations to strengthen the partnership between both airlines, creating one-stop connections to popular cities across Italy and wider Europe …
The MAJLIS DWTC From 15th March Discover the unparalleled ambiance and flavours of The Majlis, one of Dubai's longest-running Ramadan venues, renowned for its incredible cuisine, spacious and luxurious setting and highly praised service. Iftar: Experience Iftar at The Majlis, where families and friends come together to dine and enjoy much loved Ramadan favourites, international dishes, and live cooking stations for a truly delectab…
- DMCC Sustainability Hub will leverage a community of over 24,000 businesses to advance ESG practices and innovation - New ecosystem will provide members with access to ESG-focused loyalty programme, capital, networking, and collaboration opportunities in partnership with C3 - Founding members include General Mills, Monjasa, Shell & Vivo Lubricants, Motif Interiors, and Evolvin’ Women DMCC has announced the launch of the DMCC Sustainab…
This strategic move aims to bolster the company's presence and growth within the duty-free industry. Adani Enterprises emphasized the significance of this acquisition in a filing to the exchange, highlighting its alignment with the expansion goals of Mumbai Travel Retail Private Limited. Gautam Adani-led Adani Enterprises announced that its Dubai-based arm, Ospree International FZCO, has successfully acquired 100% stake in France-based …