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ATM 2023: Shurooq seeks to drive growth with new developments, upgrades

The projects are poised to continue making a significant impact on Sharjah’s economy as tourism is a key driver of growth in the region

Dubai_Mohammad AlBlooshi - Head of DIFC Innovation Hub and FinTech Hive 2023 DFS

Dubai is bolstering its global fintech hub status. Here’s how

The DIFC Innovation Hub has launched wide-ranging initiatives designed to nurture entrepreneurship and support startups

Tecom Group Q1 Dubai-Media-City_web

TECOM Group’s Q1 2023 net profit rises 34% to Dhs255m

The group’s Q1 revenue touched Dhs514m, a 6 per cent year-on-year increase on the back of sustained occupancy levels and high retention rates

flydubaiBoeing737MAXAircraft4 Dubai Media Office flydubai

UAE’s flydubai records 50% rise in passengers in Q1 2023

The carrier will grow its capacity across the network by 20 per cent between July 1 and September 30

Mubadala and Apollo jointly invest Brightspeed

Mubadala, Apollo Funds jointly invest $500m in Brightspeed

The investment gives Mubadala a minority shareholding in Brightspeed alongside funds managed by affiliates of Apollo

Image e& Group

UAE’s e& reports consolidated revenue of Dhs13bn in Q1 2023

In the UAE, etisalat by e& recorded 13.9 million subscribers an increase of 6 per cent compared to the same period last year

DIFC Academy

DIFC Academy collaborates with PwC’s Academy to upskill UAE tax practitioners

The two entities will offer the UAE Corporate Tax Diploma Programme

UAE airports _DXB

UAE airports passenger traffic jumps by 56.3% in Q1 2023

The number of people travelling through UAE airports reached approximately 31.8 million, an increase of more than 11.5 million

Sudanese

UAE sends food aid to Sudanese refugees on Chad border

The aid was sent to provide urgent support to refugees affected by the current crisis in Sudan, which has led to the displacement of thousands of families

ADNOC Group AlRuwais plant

ADNOC Group to build new low-carbon LNG plant in Ruwais

The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision

Abu Dhabi's Khalifa Fund, AlMaryah Bank to provide digital banking services

Abu Dhabi’s Khalifa Fund, AlMaryah Bank to provide digital banking services to SMEs

The bank will provide exclusive benefits to Khalifa Fund members in accordance with the agreement

Winners of the Business Traveller Middle East Awards 2023. (Image: Motivate Media Group)

Business Traveller Middle East Awards 2023: Here are all the winners

The 22nd edition of the annual awards included 40 award categories spanning airlines, airports and hotels

ADNOC Gas

ADNOC Gas, TotalEnergies Gas and Power ink 3-year LNG supply deal

The three-year contract is expected to commence in 2023 and will run through 2025

Dubai tourism in Q1 2023

Dubai welcomes 4.67 million tourists in Q1 2023

The visitors in Q1 2023 were just two percentage points short of the pre-pandemic volume of 4.75 million tourists that arrived in Dubai in the first three months of 2019

BitOasis is poised to become the first to receive an FMP licence

BitOasis secures MVP operational license from Dubai’s VARA

The crypto trading platform plans to launch new virtual asset products with a continued focus on driving accessibility and consumer protection

Sharjah Airport

Sharjah Airport records footfall of over 3.8 million passengers in Q1 2023

The aircraft movement for the same term also increased by 9.02 per cent, with 23,261 flights by the end of March

Morocco

UAE, Morocco review strengthening financial, economic cooperation

Both the countries agreed to double the volume of trade and investment exchange over the next seven years

AD Ports Group strengthens fleet

AD Ports Group bolsters its fleet with Dhs955m investment

The acquisition of the new vessels is part of the company’s expansion strategy that is aimed at broadening its portfolio of services

Rotana at ATM (Image: Supplied by Rotana)

ATM 2023: Rotana to have 120 operational hotels by 2030

Saudi Arabia and Egypt will be the key markets for the group’s expansion in the region

Arabian Travel Market Dubai 2023 Photo WAM

Arabian Travel Market 2023 starts on May 1

For the first time, Arabian Travel Market 2023 will feature a Sustainability Hub, which will offer a venue for sessions dedicated to the latest sustainable travel trends and innovations

Abu Dhabi to welcome more visistors photo WAM DCT Abu Dhabi

Abu Dhabi to welcome more than 24 million visitors this year

Abu Dhabi welcomed 18 million visitors in 2022, which is a 13 per cent increase from the previous year

Dubai Culture launches mobtakir

Dubai Culture launches Mobtakir diploma for entrepreneurs

Applications are currently open and without charge to all UAE residents, including students, professionals, and small business owners until May 20

UAE increase petrol price

UAE raises fuel prices for May 2023

The fuel price committee marginally increased petrol prices by 15 fils for the month of May

UAE Banks Federation signs off on strategic plan and goals photo WAM

UAE Banks Federation approves strategic plan to boost banking sector

The plan will see 5,000 UAE nationals employed in the banking and financial sector by 2026

sneakers

Are you ready to invest in sneakers?

From everyday wear to an alternative asset class, we look at the transformation of sneakers

Sheikh Mohammed names deputy rulers of Dubai

Dubai leadership: Sheikh Mohammed appoints two deputy rulers

The two deputy rulers of Dubai were named with the issuance of Decree No 21 of 2023

electric aircraft

Abu Dhabi to launch first sustainable electric aircraft manufacturing facility in MENA

Monarch Holding and EHang Holdings have signed a partnership agreement to establish the facility in the region

Al Ghurair Foods

KEZAD Group, Al Ghurair Foods team up for Dhs1bn food processing projects

The agreement will mark the first phase of Al Ghurair Foods division’s investments in KEZAD

Mashreq Bank CEO Ahmed Abdelaal

Mashreq’s Q1 2023 net profit soars to Dhs1.6bn

The bank reported an operating profit of Dhs1.8bn, up 96 per cent compared to the same period a year earlier

Emirates check-in robot

Emirates unveils new ‘city check-in and travel store’ in DIFC

The new facility is a stylish and spacious contemporary space that is aimed at ensuring a hassle-free check-in experience for passengers