Waldorf Astoria to open in Madinah by 2028
With more than 300 luxury rooms, three dining concepts, and various facilities, the hotel will merge global luxury with Madinah’s...Business
ADNOC partners with Viola Communications
They will utilize outdoor media-leasing spaces for advertising.Viola will set up and operate outdoor media advertising solutions on ADNOC assets in strategic locations across the capital
The company's diverse assets are expected to boost the local business ecosystem and introduce innovative revenue streams
JetBlue, Spirit Airlines cancel merger
Earlier, a federal judge ruled it violated US antitrust law.Shares of Spirit slumped 14.5 percent in early trading Monday, while JetBlue rose 3.9 percent
Spirit said it has enlisted advisors on efforts to refinance and reduce debt payments
UAE F&B sector set to soar, projected to reach $20bn in 2024
Dubai, UAE - The UAE’s foodservice market is poised to reach $19.98 billion in 2024, with further projections indicating a substantial...The report emphasizes the robust expansion of the F&B sector, forecasting a compound annual growth rate (CAGR) of 17.09%
Fine dining is experiencing substantial growth with annual increases of almost 20% in Dubai and 33% in Abu Dhabi
American Airlines orders 260 jets
It is part of the airlines' effort to 'modernize' its fleet.The airline said in a statement that the order comprises 260 new planes, plus options for an additional 193 aircraft
Its CEO said the airline has invested heavily to modernize and simplify its fleet, the largest among US network carriers
Middle East commercial aircraft services market to grow to US$28bn
Abu Dhabi, UAE--The MENA region's commercial aircraft services market will more than double in value by 2042, according to Airbus’...Dubai and Abu Dhabi are among five of the world's largest aviation cities in the Middle East, serving more than 10,000 long-haul passengers per day
The regional expansion will surpass the global average growth of 3.6 percent, and register a 4.4 percent average annual growth by growing to $28bn
European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...The $1.9 billion penalty is the third-biggest antitrust fine ever imposed by the European Commission
The iPhone maker immediately vowed to appeal the first ever antitrust fine slapped on Apple by Brussels
EDGE Group, Indra form JV
It will make next-generation radar systems in UAE.The new business entity will be granted prime rights for current and future non-NATO and non-EU orders awarded to Indra.
The JV will place a strategic focus on the continued development of sophisticated technologies, innovation and global market.
Salik revenue soars to US$574m
Toll usage revenue rose 11.7% YoY to US$502million.The total number of trips made through Salik’s eight toll gates grew by 10 percent over the course of the year.
Salik’s registered active accounts increased 16.0 percent YoY to approximately 2.4 million at the end of 2023.
Dubai International Boat Show helps in marine business
DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...The exhibition is recognized as one of the most influential boat shows in the world.
The exhibition has wrapped up following a hugely successful week of boat sales.
Qatar and Egypt hold talks to ramp up civil aviation cooperation
Cairo, Egypt-- Qatar and Egypt have discussed enhancing ties in the field of civil aviation between the two countries. In...The two countries signed a memorandum of understanding to increase air transport rights to Cairo International Airport
The agreement will facilitate the opening of new avenues of cooperation in the field of air transport between the two countries