The project, spanning 4.6 kilometres from the intersection with Dubai’s Al Khail Road to the intersection with Sheikh Mohammed bin Zayed Road, includes various upgrades
Author Archives: Staff Writer
Sheikh Mohammed
Dubai ruler Sheikh Mohammed announces UAE cabinet reshuffle
Sheikh Maktoum Bin Mohammed has been appointed as Deputy Prime Minister for Financial and Economic Affairs
Dubai
Dubai’s RTA announces WhatsApp service for booking, reschedule driving test
The service, accessible via the RTA’s Mahboub Chatbot on 0588009090, aims to provide users with quick and secure access to the RTA’s many offerings
cheap UAE tickets
UAE cheap flights: India flight tickets to see price drop as IndiGo scraps fuel cost
The fuel charge had been introduced in October 2023 due to a surge in Aviation Turbine Fuel (ATF) prices
Abu Dhabi
UAE court begins trial proceedings on 84 caught for terrorism
The charges brought against them include the establishment of a covert organisation with the intent of carrying out acts of violence and terrorism within the UAE
Sultan Al Neyadi
UAE astronaut Sultan Al Neyadi appointed Minister of Youth
Sheikh Mohammed hails 42-year-old Al Neyadi as the “one closest to youth issues”
Dubai
Dubai Marathon 2024: RTA announces major road closure on Sunday
The RTA advises Dubai residents and motorists to plan their trips accordingly and leave early to ensure they reach their destinations on time
Dubai
Dubai real estate rents to rise 20%; ‘Outstanding’ KHDA schools; Saudi Arabia megaprojects – 10 things you missed this week
Catch up with 10 of the biggest stories this week as selected by Arabian Business editors
Dubai
Dubai Police issues major email scam warning
The scams, which have affected numerous unsuspecting victims, involve fraudsters contacting individuals via email and pretending to be the law enforcement officials
‘Blade Runner’ Oscar Pistorius released on parole
South African para athlete will spend the remaining period of his sentence – until December 2029 – under strict conditions
Brookfield Asset Management
Brookfield arm to acquire India Unit of American Tower Corp for $2.5bn
Brookfield’s DIT reportedly outbid rival suitor I Squared Capital to secure the acquisition deal
Abu Dhabi Securities Exchange
Dubai stocks up; healthcare index top performer at ADX
The the Saudi stock market rebounded on Thursday after the previous session’s decline thanks to a strong performance among banks
AD Ports Group
AD Ports Group to develop and operate cruise terminals in Egyptian Red Sea Ports
The contract will commit AD Ports Group to develop yacht and cruise ship tourism in Egypt
Dubai
Dubai nol card update: RTA announces new minimum top up
The maximum values for anonymous and registered nol cards are AED1,000 and AED5,000, respectively
Dubai
Dubai public transport: Link your Emirates ID to get money back from a lost, damaged nol card
Here is how you can link your nol card to your emirates ID for a full refund
Emirates Post
UAE’s Ras Al Khaimah makes business licensing easier for investors through new Emirates Post deal
Emirates Post, Ras Al Khaimah Department of Economic Development join hands to enhance services
financial centre
Saudi Arabia set to establish its first financial centre
Saudi Arabia’s Ministry of Finance reveals that it is set to open the kingdom’s first financial centre based on unified standards
Rishi Sunak
UK general election expected in second half of 2024, says British PM Sunak: Report
The Conservative Party is expected to face a tough challenge from the main opposition Labour Party
Dubai
Dubai Duty Free logs all-time record annual sales of $2.16bn
As Dubai Airports traffic gets back to pre-pandemic level, Duty Free sales increase 24.39% over the previous year
Airline
Indian airlines witness a 51% increase in aircraft inductions in 2023
Currently, India has 16 AOC holders, collectively operating a fleet of 771 aircraft
Bilateral trade
India announces plan for Dragon Mart-style ‘Bharat Park’ in UAE to boost trade
The proposed facilities, christened as ‘Bharat Park’, will facilitate other countries of the world to buy Indian goods
Dubai
Dubai Social Agenda 33; Saudi Arabia megaprojects; billionaire ‘doomsday’ bunkers – 5 trending stories to read today
Here are five trending stories you missed yesterday
Dubai
Sheikh Mohammed announces new $56bn Dubai Social Agenda 33 plan to double Emirati families in 10 years
Dubai’s population currently stands at over 3.65 million, largely driven by its popularity among expats
billionaires
Billionaire ‘doomsday’ bunkers: Why are the ultra-rich buying these underground mansions?
Billionaire bunkers or doomsday bunkers are underground accommodations built to sustain unprecedented crises such a war, calamities, an outbreak of a contagious disease or even a zombie apocalypse
oil market
OPEC reaffirms commitment to oil market stability
The statement highlighted the unity and cohesion of the group
Dubai Centre for Family Businesses
Dubai Centre for Family Businesses issues ‘Sample Article of Association for Family Businesses’
Family businesses make up around 90% of the total number of private companies in the UAE, contributing significantly to Dubai’s non-oil GDP
Abu Dhabi Islamic Bank
ADIB adopts generative AI to elevate productivity and efficiency
The ADIB Digital Factory conducted a test implementation involving approximately 10 engineers
Canada
Canada announces new rules for international students
2024 is anticipated to bring further changes to Canada’s international student programme, with the IRCC planning to increase the cost-of-living requirement, reconsider the 20-hour work cap for international students
Aviation
Emirates offers over 1,000 additional seats to Seoul with three new flights
EK324 and EK325 start operations on Monday, February 19, with Boeing 777-300ER services on Mondays, Wednesdays, and Fridays
inflation
US Federal Reserve holds restrictive stance on interest rates, hints at future cuts
The meeting indicated increased optimism about the path of inflation, noting “clear progress”
affordable homes
Dubai construction sector is growing, but city needs mid-market properties: analyst
Dubai’s ZāZEN Properties says more mid-market real estate opportunities are needed to match population growth
Dubai
KHDA school ratings: How much every ‘Outstanding’ school in Dubai costs
Some ‘Outstanding’ Dubai schools offer discounts for additional siblings, citizens, and in association with specific credit cards
Saudi Arabia
Saudi Arabia megaprojects: 24 massive developments in the making
Here are 24 upcoming megaprojectss that will play a key role in ensuring the Saudi Arabia’s massive transformation
Dubai
Sheikh Mohammed bin Rashid marks 18 years of Dubai leadership
Under his visionary leadership, the federal government and the emirate of Dubai witnessed many achievements and radical changes
Dubai
Dubai Mall expansion; Zombie deer virus; New Parkin PSJC company – 5 trending stories to read today
Here are five trending stories you missed on Wednesday
Saudi Arabia
Saudi industrial investments hit $400bn, up 9.3% in a year
Saudi Arabia’s industrial sector investments are thriving
Sharjah
Sharjah begins new phase of $654m airport expansion project
Sharjah Crown Prince laid foundation stone of a $336m airport terminal expansion project
Jeddah
Jeddah Airports welcomed 42.7m passengers in 2023; 36% growth sets record amid Saudi tourism boom
Jeddah’s King Abdulaziz International Airport hit record passenger numbers last year as Saudi transport and tourism sectors thrive
Al Rajhi Bank
Saudi Real Estate Refinance Company extends $2.9bn deal with Alrajhi Bank
PIF-owned Saudi Real Estate Refinance Company extends Alrajhi Bank deal
Dr Thani bin Ahmed Al Zeyoudi
UAE and Jordan discuss economic ties following $2bn H1 2023 trade flows
UAE and Jordan look to boost economic ties as trade between countries has thrived in recent years
Childhood education programmes
Dubai early years education: 23,779 children enrolled, 27 new centres, 15% growth
Parents in Dubai are increasingly turning to early childhood centres according to KHDA data
Abu Dhabi International Airport
UAE in 2024: New laws, national achievements and major events you need to know
The UAE has introduced new laws, is preparing major achievements and welcoming new events in 2024. Find out more
Airbus A350
Japan’s Airbus A350 runway crash puts the spotlight on ‘incursions’
US-based safety group warned about the risk of runway collisions and called for global action to prevent it as airline traffic grows at an alarming pace
Dubai
Dubai real estate: Discovery Land Company announces new exclusive members-only residences
Spread across an impressive area of more than 27 million square feet, Discovery Dunes is situated in the Golf district of Dubai South
abu dhabi customs
AI-powered scanners speed up UAE-Oman border crossings
Abu Dhabi Customs will use AI-powered scanners to speed up movements of vehicles in the UAE
Dubai property
Dubai’s largest home on sale for $163m; 77,700sq ft Raffles The Palm penthouse has 8 bedrooms, cinema, cryogenic room, minigolf and basketball court
Dubai’s largest private residence is on sale with a MASSIVE built up area of more than 77,000 sq ft and a $163m price tag
Dubai
Alabbar reveals Emaar plan to ‘expand’ Dubai Mall
“We must take care of this mall, as one takes care of their small child,” Alabbar said
Armani Residences Burj Khalifa
Dubai real estate: Burj Khalifa sees $2.7bn home sales since launch, deals up 22% last year
Dubai’s Burj Khalifa still attracts massive interest from real estate investors 14 years after it first opened
Dubai
Dubai’s Sheikh Mohammed announces Parkin PJSC for city’s parking operations
The newly formed company will enjoy financial, administrative, and legal autonomy, enabling it to effectively carry out its duties in Dubai
Artificial intelligence
Kerala to host global AI summit
The summit will be organised by the Department of Industry in collaboration with the state’s IT Parks, Kerala Startup Mission, Digital University, and APJ Abdul Kalam Technological University
BRAVE CF
BRAVE CF announces nominees for its ‘KO of the Year’ awards
The MMA company will also be awarding best submission, breakout fighter, fight and fighter of the year in the End of Year awards
AD Ports Group
AD Ports Group announces Noatum’s acquisition of Spain-based APM terminals Castellón
The acquisition is done at an estimated enterprise value of 10 million Euros
Apple
Apple stock downgraded as Barclays warns on cooling iPhone demand
The average analyst price target suggests a return of just 7.5 percent over the next year
BYD
BYD topples Tesla to become world’s top EV maker
In Q4, 2023, BYD outsold Tesla in the battery-only car segment for the first time, selling 526,000 units compared to Tesla’s 484,000 units