The New Travel Mindset: Local Living and Smarter Tech
From immersive local experiences to AI-powered personalization, Muzzammil Ahussain, CEO of Almosafer, shares key trends shaping the future of travel.
Interview
US stocks move sideways but poised for weekly gains
The S&P 500 has risen the last four sessions, extending the positive momentum after last weekend's trade talks resulted in...
Business
Business
DEWA,  France’s satellite operator Eutelsat discuss cooperation
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the...
- DEWA CEO highlighted organization’s key initiatives and projects to promote sustainability, renewable and clean energy, and energy efficiency.
- These include DEWA’s space program (Space D) which supports the National Space Strategy 2030.
Business
ADNOC to float 4% minority stake in ADNOC Gas on ADX
ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated...
- ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated business operating across the gas value chain
- The company’s twelve-month adjusted revenues to October 2022 totaled $24.9 billion, with the company delivering adjusted EBITDA of $8.7 billion and net income of $4.8 billion
Mercedes profits jump in 2022
The group sold over two million cars in 2022
- Net profit jumped by 34 percent to 14.8 billion euros ($15.7 billion) last year, the Stuttgart-based group said, while revenues were up 12 percent year-on-year to 150 billion euros
- The group sold more than two million cars in 2022, a five-percent increase on the year before, driven by strong demand for the S-Class model and the all-electric EQS
Business
Dubai records over $544 million in realty transactions
Dubai, UAE-- Dubai real estate market has recorded deals worth AED2 billion ($544 million) on Thursday, according to Dubai Land...
- The deals included 475 sales transactions worth AED1.38 billion.
- The sales included 412 villas and apartments worth AED1.06 billion.
Business
Centrica 2022 profit US$4bn Â
Firm's profit rose due to gas and crude oil prices spike.
- Britain's government of Prime Minister Rishi Sunak is temporarily subsidizing electricity and gas bills this winter.
- Centrica expanded its stock buyback scheme to hand another $360 million to shareholders.
Business
Etihad Airways to run three Abu Dhabi-Lisbon flights a week
Abu Dhabi, UAE - Etihad Airways is introducing a new direct service between Abu Dhabi and Lisbon, effective from 2nd...
- The airline will be connecting Abu Dhabi to Portugal’s capital city right in time for the summer holidays.
- Etihad Airways will be offering travelers nearly 160 weekly flights to 21 destinations in Europe this summer.
Business
Mawani and Bahri launch Europe-Asia cargo service via Jeddah port
Riyadh, Saudi Arabia -- The Saudi Ports Authority (Mawani) and Saudi shipping giant Bahri have jointly announced the addition of...
- The service will increase Bahri’s shipping network coverage and bolster international supply chains.
- Vessels on the new service will set sail from the ports of Bremerhaven, Antwerp, and Montoir, in Europe, before calling at Jeddah.
Business
DMCC reports 17 percent diamond trade growth in 2022
Dubai, UAE--- Dubai Multi Commodities Centre has reported a 17 percent year-on-year increase in the value of diamond trade in...
- The UAE has witnessed soaring growth over the past three years, with rough diamond trade rising by a total value of 72 percent and polished by 50 percent, DMCC said.
- DMCC reported a 42 percent rise in the polished category and a 7 percent rise in rough.
Business
Investopia, Mubadala ink strategic partnership
DUBAI, UAE - Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a...
- Mubadala and its portfolio companies will expand their participation across the different activities taking place during Investopia.
- The pact will include the participation of Mubadala’s senior leadership in the program, the firm's engagement in the various activities targeting start-ups.
Business
Abu Dhabi Chamber, India’s FICCI explore areas of collaboration
ABU DHABI, UAE - The UAE and India share solid relations, said the Abu Dhabi Chamber of Commerce and Industry...
- The Indian delegation was headed by the Assistant Secretary-General of the Federation of Indian Chambers of Commerce & Industry.
- The delegation included representatives of over 30 private companies across a wide range of industries.
The New Travel Mindset: Local Living and Smarter Tech
From immersive local experiences to AI-powered personalization, Muzzammil Ahussain, CEO of Almosafer, shares key trends shaping the future of travel.
Interview
Company News
AJEX, MODON sign partnership
Business
Latest News
GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home...
Business
False tweet from US regulator briefly sends bitcoin soaring
The jump in the price of bitcoin to almost $48,000 came immediately after the SEC published a message on its...
Honda unveils futuristic EV series
It will introduce a commercial model in the US in 2026.
Geostrategy
Most Read
Opinion
Rising threat of lookalike domains poses new challenge
"Detecting these attacks and avoiding falling victim to them is vital, but the ability to take down lookalike domains is...
- Lookalike domains deceive users via SMS, social media DMs, and QR codes.
- DNS vulnerability allows attackers to create authentic-looking fake domains.
Business
Middle East air cargo volumes up 13.5% in November
Dubai, UAE - Middle Eastern carriers recorded a 13.5% year-on-year increase in cargo volumes, strongest performance in the world. In November...
- Global demand for air cargo, measured in cargo tonne-kilometres (CTKs), increased by 8.3% compared to November 2022
- Most of the capacity growth is attributed to the increase in belly capacity as international passenger markets continue their post-COVID recovery
Business
Dubai’s RERA signs MoU with Zand Digital Bank
Dubai, UAE--The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), signed a memorandum of understanding...
- The bank has been authorized by DLD to oversee real estate development escrow accounts and offer associated services
- The chief aim of the escrow account is to streamline the construction process for off-plan units, safeguarding the interests of investors