On Monday, Arabian Business covered some of the most happening stories in the region, which included UAE calls for emergency UN Security Council meeting as Israel expands ground operations in Gaza, Saudi Arabia announces new aviation economic policy framework to attract $100bn investment and more.
Here are five trending stories you missed yesterday.
UAE calls emergency UN Security Council meeting as Israel expands ground operations in Gaza
The UN Security Council will come together for an emergency meeting on Monday, following a request by the UAE.
The purpose of this meeting is to address a call from the council’s Arab representative for a binding resolution, compelling Israel to agree to a humanitarian ceasefire in Gaza.
On Friday, approximately one hour after Israel initiated its expanded military actions in Gaza, the UN General Assembly, consisting of 193 member states, voted in favour of a humanitarian pause with 120 countries supporting the motion, 14 opposing it, and 55 nations abstaining.
Dubai Police identify 16 new drugs in two years
Dubai Police has announced the discovery of 16 synthetic drugs following rigorous research and analysis by experts from the Forensic Evidence Department from 2022-2023.
The investigations were conducted on substances that contain harmful toxins to human health.
Major General Ahmad Bin Ghulaita, Director of the General Department of Forensic Evidence noted that Dubai Police boast a team of high-level experts and state-of-the-art equipment.
Six Senses to open luxury resort in Saudi Arabia’s AlUla
Saudi Arabia’s AlUla Development Company, fully owned by the Public Investment Fund (PIF) has signed a new agreement with Six Senses to open Six Senses AlUla.
The move is part of the kingdom’s efforts to expand luxury hospitality.
The agreement was signed in the presence of AlUla Development Company Managing Director Naif AlHamdan and other distinguished guests at the Maraya, the Guinness World Record holder for the world’s largest mirrored building, located in AlUla.
Dubai’s taxi operator plans $300mn IPO: Report
Dubai Taxi Corporation (DTC) a unit of the emirate’s transport authority, is set to initiate the city’s first privatisation effort of the year, aiming to raise approximately $300 million through a share sale scheduled for next month, Bloomberg reported, citing an investor presentation.
The presentation, as revealed by insiders, discloses the company’s intentions.
As part of their upcoming initial public offering (IPO), the taxi operator plans to distribute a fourth-quarter dividend of at least AED71 million ($19 million) in April.
Saudi Arabia announces new aviation economic policy framework to attract $100bn investment
In a major development for Saudi Arabia’s aviation sector, the General Authority of Civil Aviation (GACA) has announced a new economic policy framework, marking a major step forward since the launch of Vision 2030.
The new economic regulations aim to promote competition, create open markets for growth and innovation, and enhance transparency in commercial relationships and pricing, the authority said in a statement on Monday.
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